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.
Hot News
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.
Another Moroccan billionaire on the rise, as Alami Lazraq's ADI stake nears $700 million
Alami Lazraq’s ADI stake nears $700 million, reflecting rising influence in Morocco’s property market and wealth rankings.
Zimbabwean billionaire Strive Masiyiwa to pocket $7.4 million in Econet interim dividends
Zimbabwe’s Strive Masiyiwa will pocket $7.4 million from Econet’s $15.5 million interim dividend, reflecting the telecom giant’s strong 2025 run.
Kenyan businessman Henry Njeru’s tea company placed under administration
Njeru Industries, a Kenyan tea firm, enters administration amid sector challenges and financial pressures on exporters and farmers.
Medhat Khalil’s Raya gets $23.3 million to boost Egypt’s banking sector
Raya Integration secures $23.3 million credit to boost Egypt’s digital banking, IT infrastructure, and cybersecurity capabilities.
Malawian billionaire Thom Mpinganjira’s FDH Bank stake drops $113 million
Malawian billionaire Thom Mpinganjira’s FDH Bank stake loses $113 million as shares slide 10 percent on Malawi Stock Exchange.
Kansagra family-backed Kavango Resources plans Zimbabwe listing
Kavango Resources, backed by the Kansagra family, plans a Zimbabwe listing to fund gold projects, drawing support from local pension funds.
Zimbabwean social entrepreneur Tsitsi Masiyiwa aims to raise $50 million for African-led ventures
Tsitsi Masiyiwa’s RemitHope seeks $50 million to channel diaspora remittances into African-led projects spanning health, education, and welfare.
Egyptian entrepreneur Khalid Ashmawy's Munify raises $3 million in seed round
Egypt’s Munify raises $3 million led by Y Combinator to grow cross-border banking for millions of Egyptians overseas.
Black billionaire Robert F. Smith-backed firm to hire up to 500 people
Jaggaer, backed by Robert F. Smith’s Vista, will expand in Hyderabad with plans to grow its workforce to 500 employees.
Nigerian billionaire Femi Otedola’s memoir now No. 1 on Amazon business category
Billionaire Femi Otedola’s Making It Big tops Amazon’s business category, blending memoir with leadership lessons.
Egyptian tycoon Abdallah Sallam’s Madinet launches $370 million SAFE fund
Egyptian tycoon Abdallah Sallam’s Madinet wins FRA nod for its $370 million SAFE fund, a fractional real estate platform with 70,000 users.
South African tycoon Mike Teke urges rethink on coal investments after Seriti’s $295 million package
South African tycoon Mike Teke urges financiers to back responsible coal funding, saying the resource remains key to energy security and growth.
Zimbabwean telecom executive Ralph Mupita denies talks on Telkom acquisition
The remarks came a day after reports suggested MTN was reconsidering a takeover bid for Telkom, which owns South Africa’s biggest fiber network.
Shameel Joosub-led Vodacom strikes clean energy deal to ease South Africa grid reliance
The company launched its virtual wheeling solution, enabling companies to source renewable electricity through the grid from independent producers.