Aliko Dangote’s sugar business posts $281 million half-year revenue
Dangote Sugar’s H1 2025 revenue surged 45.53% to $281.7 million, driven by strong 50kg bag sales and demand growth across all key Nigerian regions.
Billionaires Africa
South Africa to sell homes of Indian-born Gupta brothers amid corruption fallout
Gupta mansions tied to state capture go to auction in Saxonwold, marking a symbolic step in South Africa’s anti-corruption journey.
South African-born billionaire Patrick Soon-Shiong wants the public to own Los Angeles Times
Patrick Soon-Shiong aims to open L.A. Times ownership to the public while boosting media trust and civic participation.
South Africa’s newest billionaire Zak Calisto leads Karooooo to $72 million in Q1 revenue
Zak Calisto leads Karooooo to $72 million in Q1 revenue, driven by Cartrack’s SaaS growth and Southeast Asia expansion.
Nigerian businessman Oba Otudeko cleared in $8 million fraud case
Nigeria’s EFCC drops $8M fraud case against Oba Otudeko after court-approved settlement; Honeywell Group reaffirms his integrity and leadership.
Hassan Allam's construction group seals deal to power Egypt’s green farming future
Hassan Allam and Schneider Electric launch solar-powered smart farming project to boost food security and green energy in Egypt’s Nile Delta region.
Meet Catherine MacGregor: Moroccan-born businesswoman leading a $55 billion energy giant
Moroccan-born Catherine MacGregor steers Engie’s global renewables pivot, championing sustainability, innovation, and gender equity in energy.
Nigerian oil mogul Wale Tinubu leads Oando push to raise $327 million
Oando seeks $327 million via equity and debt as Wale Tinubu steers a capital restructuring to fund growth and ease liabilities.
Logistics tycoon Taiwo Afolabi launches direct UK export service to help Nigerian small businesses
SIFAX, led by Taiwo Afolabi, unveils a direct Nigeria–UK export service to cut shipping costs and delays for Nigerian SMEs.
Ibex, formerly Steinhoff, exits Christo Wiese-backed Pepkor in $1.6 billion deal
Ibex exits Pepkor in $1.6 billion deal, ending a scandal-plagued chapter traced to Markus Jooste between 2011 and 2014.
Moroccan businesswoman Lamia Tazi leads Sothema’s purchase of Soludia Maghreb
Lamia Tazi’s Sothema will buy 99.99% of the dialysis solutions provider to boost local production.
Net asset value of South African billionaire Johann Rupert’s Reinet falls
The decline comes despite strong March gains, as Reinet shifts focus from tobacco to long-term alternative asset strategies.
Nigerian businessman Adedeji Adeleke confirms completion of $2 billion power plant
Adedeji Adeleke’s $2 billion gas plant is ready in Ondo, awaiting grid link to begin powering over 2,000 jobs in Nigeria.
South African banker Gerrie Fourie steps aside as new CEO takes helm at Capitec
Graham Lee takes over as Capitec CEO as Gerrie Fourie steps aside, remaining an adviser to support the bank’s global and digital growth plans.
South African mining mogul Neal Froneman guides Sibanye’s $82 million bid for U.S. metals recycler
Sibanye-Stillwater, led by Neal Froneman, acquires U.S.-based Metallix for $82 million, boosting its circular economy strategy and U.S. metals footprint.
South African executive Duncan Wanblad-led Anglo faces Botswana backlash over De Beers sale
The southern African nation, which owns 15 percent of De Beers, believes it was not adequately consulted on the divestment.