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Shoprite is in talks with Investec about selling more financial services to its shoppers. Its Money Market account already has over 4 million users. What each side wants, why Shoprite does not want to be a bank, and what it means for Capitec, Pepkor and Christo Wiese.
Hisham Talaat Moustafa's TMG has agreed four projects with the Egyptian state, with targeted investment of EGP 11 trillion, about $202 billion. That is roughly 60 times the company's market value. What has been agreed, what has not been disclosed, and how investors should read it.
Nine months, $4.73 billion of net profit and a $650 million net cash pile. At ₦525 a share the Dangote refinery is priced at roughly seven and a half times its annualised earnings. Why the multiple is so low, what could justify it, and what to check before October 27.
Aliko Dangote is offering East African governments 30% of his Lamu refinery, with Kenya weighing about $500 million for 10%. Why Africa's richest man wants states as co-owners of a $16 billion asset, what that protects, what it costs, and what building in Lagos taught him.
Wicknell Chivayo died three weeks after Gwanda got its notice to proceed. Solar in Zimbabwe and Eswatini, a stake in Kenya's airport: a pipeline worth hundreds of millions, resting on one man. What happens to it, and the lesson for anyone backing a founder-led contractor.
Dangote Group says revenue hit about $17 billion in the first half and is on track to double to $36 billion for the year, from $18 billion in 2025. What the number is made of, why funding 25 million tonnes of cement from cash flow matters more, and what would tell you it holds.
Saki Macozoma just sold his entire manganese business to Exxaro for R11.7 billion — and kept the trucking, gaming, telecoms and copper. A clean, total exit from one capital-hungry commodity, and a lesson in what a diversified owner should hold and what he should let go.
Washington is lending nearly $100 million to Ziad Dalloul's Africell — Africa's only American-owned telecom — to buy US kit instead of Huawei's. A deal that turns one operator into the front line of the US-China contest for Africa's networks. The memo on what it means.
An 81-year-old Benin-born engineer who ran Gabon's oil for 13 years quietly holds ~$1.4 billion of Nigerian oil shares — Seplat and Aradel — through Petrolin vehicles almost no one tracks. Samuel Dossou-Aworet, and the rare edge of the operator who became an owner.
Chevron agreed to sell two Angolan oil blocks to London-listed Energean for $260 million. Then Etu Energias, already a partner, used a right of first refusal to take the deal itself. A masterclass in how insiders win — and a signpost to who owns Africa's oil next.
Morocco's royal family controls ~$17.5 billion of listed companies — two-thirds of it mining — through a single vehicle, Al Mada. A study of how great fortunes are built to hold and command entire sectors, not to be counted. A look inside the structure, not the person.
A 94-year-old you have probably never heard of just crossed $20 billion. The anatomy of the quietest mega-deal in Africa's wealth history, and the lesson in the value of the unglamorous.
Mounir Nakhla plans to float only MNT-Halan's Egyptian arm in Cairo, at up to $1 billion — and keep its faster-growing Turkish, Pakistani and Gulf businesses in private hands, inside a group valued at $1.4 billion in June. The interesting part of the IPO is what he is holding back.
In 2011 Nicky Oppenheimer sold his family's 40% of De Beers to Anglo American for $5.1 billion, valuing the whole diamond company at $12.75 billion. This month Anglo agreed to sell 85% of the same company for about $1 billion.
Two importers control 98% of Kenya's cooking-gas market. In months, Rostam Aziz's $130 million Mombasa terminal becomes the third door into the country — East Africa's largest LPG store.
Aliko Dangote has raised about $2.5 billion privately at a ~$40 billion valuation, days before floating the refinery on the Nigerian Exchange. Last week we called the IPO the hinge of his whole network. This is the hinge turning.