Strive Masiyiwa unveils Econet AI to reshape Zim's economy
Strive Masiyiwa is accelerating Africa's technological shift by launching Econet AI, a dedicated business unit focused on integrating artificial intelligence across Zimbabwe's economy.
Southern Africa
Zim billionaire Strive Masiyiwa's Liquid retires $620 million bond, raises fresh $300 million
Strive Masiyiwa's Liquid Intelligent Technologies has retired a $620 million bond early and raised $300 million in new notes, trimming leverage across its pan-African footprint.
Elon Musk faces Paris interview today as US refuses to help French probe of X
French prosecutors summoned Elon Musk for a Paris interview on April 20, pressing their criminal probe into X's handling of illegal content.
Johann Rupert's Richemont frees up €4.9 billion in capital and takeover speculation is now swirling across the luxury industry
Johann Rupert's Richemont has freed up €4.9 billion in capital, sending the luxury world into speculation about a potential blockbuster acquisition.
South African tycoon Robert Gumede wins reprieve for Tongaat Hulett as Durban court delays liquidation bid
Robert Gumede's Vision Sugar Group won court breathing room on April 17 to finalize a rescue plan for Tongaat Hulett, staving off liquidation.
Elon Musk just brought Tesla robotaxis to Dallas and Houston. The market he is targeting is worth $1 trillion
Elon Musk has launched Tesla robotaxis in Dallas and Houston, expanding to four US cities as analysts peg the autonomous ridesharing market at over $1 trillion.
Patrice Motsepe's African Rainbow Capital cleared of $195 million liability in Tanzania graphite lawsuit
Patrice Motsepe's African Rainbow Capital has been cleared by the Gauteng High Court of liability in a $195 million damages claim by US-based Pula Group.
South African-born tycoon Gary Lubner eyes $1 billion windfall in glass repair giant Belron IPO
South African-born Gary Lubner, former Belron chief executive and major Labour donor, stands to pocket close to $1 billion if the Autoglass parent lists in Amsterdam.
Johann Rupert's Richemont converts €100 million debt to equity to prop up Belgian handbag maker Delvaux
Johann Rupert's Richemont has converted €100.6 million of debt into equity at Delvaux, the world's oldest luxury leather goods house, as the Belgian brand's Asian revenue slump drives accumulated losses toward €80 million.
Glencore and Patrice Motsepe's ARM overturn SARS diesel refund ruling on appeal
Ivan Glasenberg's Glencore and Patrice Motsepe's ARM have won a Supreme Court of Appeal ruling reversing a SARS diesel refund decision with wide implications for mining joint ventures.
Koos Bekker's Prosus sells Delivery Hero stake to Uber for $290 million under EU pressure
Naspers unit Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about $290 million, cutting its holding to comply with European Union regulatory conditions.
Strive Masiyiwa's Econet lifts Zimbabwe's dollar bourse past 132-year-old rival
Strive Masiyiwa's $1 billion Econet InfraCo listing has helped Zimbabwe's Victoria Falls Stock Exchange overtake the 132-year-old Zimbabwe Stock Exchange by market value.
Astron Energy hits 700 forecourts in South African fuel push
Ivan Glasenberg's Glencore-backed Astron Energy has hit 700 rebranded forecourts in South Africa, pushing it toward the top tier of the country's retail fuel market.
South African billionaire Patrice Motsepe's ARC wins ruling in $195m Tanzania graphite lawsuit
The Gauteng High Court has ruled that Patrice Motsepe's African Rainbow Capital cannot be sued for $195 million by US firm Pula Group over an alleged breach of a confidentiality agreement tied to a Tanzanian graphite project, handing Motsepe a significant but partial legal victory.
Koos Bekker's Naspers completes pivot from tech investor to global AI operator
Koos Bekker's Naspers has declared its transformation into a global AI operator complete, with the Toqan platform rolling out to 5 million Prosus partners.
Elon Musk's Starlink faces a $11.57 billion challenge as Amazon buys Globalstar
Elon Musk's Starlink has long led the satellite internet race. Amazon's $11.57 billion Globalstar acquisition signals the gap is about to get smaller.