Zim billionaire Strive Masiyiwa's Liquid Intelligent lands $605m funding to accelerate Africa expansion
Liquid Intelligent secures $605m in fresh funding to cut debt, strengthen its balance sheet and expand digital infrastructure across Africa.
Southern Africa
Tech billionaire Zak Calisto moves into insurance with planned stake in King Price
Competition regulators recommended approval of a deal tied to billionaire Zak Calisto to acquire a stake in King Price, the fast growing insurer.
Zim billionaire Strive Masiyiwa breaks 26 year silence as Econet Zimbabwe quits the stock market
Strive Masiyiwa addressed Econet shareholders for the first time in 26 years as investors approved delisting from Zimbabwe’s stock exchange.
Billionaire-backed Zoho ramps up South Africa push with plans for local data centers
Zoho is considering data centers in South Africa as the Vembu family owned software firm rides a 50% surge across Africa.
African Energy Chamber applauds Panoro for $219.5 million Block G acquisition in Equatorial Guinea
The African Energy Chamber backs Panoro Energy’s $219.5 million Block G expansion, calling it a strong vote of confidence in Equatorial Guinea.
South African tycoon Sandile Zungu says nothing will stop Sizekhaya lottery takeover
Sandile Zungu says Sizekhaya is on track to take over the national lottery on June 1, dismissing controversy around the licence award.
Mark and Brett Levy eyes billions in municipal power revenue
Mark Levy says Blu Label is positioning Cigicell to recover billions in lost municipal electricity revenue and strengthen group margins.
Pentagon opens door to Elon Musk’s Grok in classified AI shift
Pentagon weighs adding Elon Musk’s Grok to classified systems as tensions with Anthropic grow over limits on military AI use
How Nando’s co-founder Robbie Brozin is trying to rebuild Johannesburg from the ground up
Robbie Brozin is backing Jozi My Jozi with the same energy that built Nando’s, betting civic action can help Johannesburg recover.
Patrice Motsepe's African Rainbow Minerals flags higher interim earnings ahead of March results
African Rainbow Minerals says interim headline earnings may rise up to 15 percent, while basic earnings could jump as much as 75 percent.
Wealthy businessman Sandile Zungu floated for South African Football Association top job
AmaZulu owner Sandile Zungu says he knows his name is in the SAFA conversation, a move that would bring big money and sharper scrutiny.
Elon Musk says SpaceX could launch Starship every hour within three years
Elon Musk says SpaceX may launch Starship every hour within three years, transforming satellite deployment and reshaping the future of spaceflight.
Elon Musk takes swipe at OpenAI as $500B Stargate faces delays
Elon Musk reignites tensions with Sam Altman as reports suggest OpenAI’s $500 billion Stargate AI project is facing setbacks.
Late Zimbabwean tycoon Mutumwa Mawere’s Johannesburg mansion heads to auction
Mutumwa Mawere’s Bryanston mansion in Johannesburg is headed to auction under his insolvent estate, with a reserve price set at R6 million.
South African tax authorities move against football mogul Siviwe Mpengesi over $3.3m assets
SARS is tightening pressure on businesses linked to Chippa Mpengesi, with a reported R53 million asset seizure threat and mounting financial strain.
Renewed push grows for billionaire Patrice Motsepe to enter ANC presidential race
Calls are rising again for Patrice Motsepe to enter the ANC presidential race, as his ARM role change fuels fresh political speculation.