Black billionaire Tyler Perry faces $260 million lawsuit
Billionaire filmmaker Tyler Perry faces a $260 million lawsuit from actor Derek Dixon alleging assault, coercion and retaliation.
Hot News
U.S.-Nigerian telecom mogul Sam Darwish’s IHS stake tops $90 million
IHS Towers co-founder Sam Darwish sees his holdings rise above $93 million as the company’s market cap nears $2.4 billion.
Kenny Fihla-led Absa, deepens AWS partnership to drive digital transformation across Africa
The move underscores CEO Ralph Mupita’s push for consolidation in a market where Vodacom has already secured approval for a contested fiber deal.
MTN, led by Zimbabwean executive Ralph Mupita, rules out building fiber network
The move underscores CEO Ralph Mupita’s push for consolidation in a market where Vodacom has already secured approval for a contested fiber deal.
Nigerian banker Peter Ashade-led United Capital signs $3.3 million solar minigrid loan
United Capital, led by Peter Ashade, funds Husk Power’s $3.3M community solar minigrid in Nigeria to expand clean energy access.
Nigerian tech tycoon Leo Stan Ekeh pledges 1 million laptops for students
Leo Stan Ekeh’s Zinox has launched a CSR program to provide one million Nigerian students with laptops, internet, and power support.
Karl Toriola-led MTN Nigeria to spend $664 million on network expansion
The commitment comes despite a difficult year that left the industry struggling with foreign exchange shortages and soaring operating costs.
Algerian tycoon Benhamadi’s Condor inks $80 million worth of trade deals across Africa
Algerian tycoon Abderrahmane Benhamadi’s Condor secures $80 million trade deals across Africa, boosting exports and market presence.
Egyptian billionaire Hisham Talaat Moustafa loses $59 million from TMG stake
Egyptian billionaire Hisham Talaat Moustafa loses $59 million as Talaat Moustafa Group shares fall on the Egyptian Exchange.
South African billionaire Koos Bekker-led Prosus backs Orbii’s $3.6 million seed round
The round also drew backing from VentureSouq, DASH Ventures, Taz Investments, and Sanabil 500.
Electric giant led by Egypt's El-Sewedy family commits $2.5 billion to Algeria’s industrial expansion
Elsewedy Electric, led by Egypt’s El-Sewedy family, will invest $2.5 billion in Algeria to build new factories and expand renewable energy capacity.
93-year-old billionaire becomes Morocco’s richest man
At 93, Othman Benjelloun leads Bank of Africa and reclaims title as Morocco’s richest man with a $2 billion fortune.
Zimbabwean billionaire Strive Masiyiwa’s Liquid C2 seals deal to boost Africa’s cloud adoption
Cloudmania, part of Strive Masiyiwa’s Liquid C2, partners with AvePoint to boost secure cloud adoption and data protection across Africa.
Ghanaian tycoon Ibrahim Mahama’s E&P acquires Black Volta, Sankofa gold projects
The acquisition followed the transfer of all issued shares from Azumah Resources Ghana Ltd. and Upwest Resources Ltd., according to filings with Ghana’s Registrar of Companies.
Serena Williams-backed women’s league Unrivaled hits $340 million valuation
Serena Williams and other investors fuel Unrivaled’s rise to a $340 million valuation, boosting women’s basketball growth.
Nigerian aviation mogul Obiora Okonkwo’s airline to buy six aircraft for expansion
The deal, sealed at Southwest’s Dallas, Texas headquarters, marks a pivotal step in the Nigerian airline’s fleet expansion strategy.