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.
Hot News
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.
Nigerian developer Sijibomi Ogundele wanted by EFCC over alleged money laundering
Sijibomi Ogundele, CEO of Sujimoto Group, faces EFCC probe over alleged money laundering and fund diversion in Nigeria.
Kenyan entrepreneur Chris Mwirigi’s betting firm renews $1.8 million sports sponsorship deal
Kenyan entrepreneur Chris Mwirigi’s Betika has renewed its $1.8 million deal with AFC Leopards, securing one of Kenyan football’s biggest sponsorships.
South Africa’s Stephen Saad expects $50 million sales from Aspen’s weight loss drug
South African pharma tycoon Stephen Saad says Aspen’s weight loss drug could reach $50 million in sales within two years.
South Africa’s Christo Wiese sees Shoprite stake approach $1 billion
Shoprite stock rally boosts South African billionaire Christo Wiese’s stake close to the $1-billion mark.
Zimbabwean executive Ralph Mupita leads MTN in potential Telkom bid
The Johannesburg-based company has reopened discussions after walking away from a deal two years ago.
South African businessman Senzo Tsabedze’s Afrirent acquires Protea Hotel Mahikeng
Afrirent Holdings, led by Senzo Tsabedze, has acquired Protea Hotel Mahikeng, its first full hotel ownership under Indalo Hotels & Leisure.
Dangote refinery bought crude worth $7.2 million from NNPC in July
Aliko Dangote’s $20 billion refinery bought $7.2 million crude from NNPC in July under Nigeria’s naira-for-crude policy, filings show.
Nigerian banker Jim Ovia’s Zenith Bank to open in Côte d’Ivoire, Cameroon
Jim Ovia’s Zenith Bank will open in Côte d’Ivoire and Cameroon in 2025, with Kenya expansion plans also underway.
Nigerian insurance tycoon Wole Oshin's Custodian stake is now worth $42 million
Wole Oshin’s Custodian stake soars to $42 million as shares rally 142%, boosting wealth and investor confidence in Nigeria’s insurance sector.
Sale of Noluthando Gosa-linked ArcelorMittal SA to IDC stalls over valuation
ArcelorMittal SA, linked to businesswoman Noluthando Gosa, risks closure of its long steel division and 3,500 jobs as IDC sale talks falter over valuation.
South African tycoon Stephen Saad’s Aspen Pharmacare swings to $61.4 million loss in 2025
Aspen Pharmacare reports $61.34 million loss as revenue falls 3 percent, driven by restructuring and manufacturing challenges.
CIC Group, partly owned by Kenyan tycoon Gideon Muriuki, posts half-year profit under $5 million
CIC Group reports mixed H1 2025 results as profits fall below $5 million, with strong gains from investments and microinsurance growth.