Billionaires Strive Masiyiwa, El Sewedy family join Vodafone to build Egypt's first AI data centre
Strive Masiyiwa's Cassava and the El Sewedy family's Elsewedy Electric have joined Vodafone to build Egypt's first AI data centre.
Southern Africa
South African tycoon Zunaid Moti's Botswana schools deal could cost taxpayers $1.5 billion
Botswana's opposition says a schools deal tied to Zunaid Moti could cost taxpayers P20 billion, and wants a parliamentary panel to investigate.
South African billionaire Johann Rupert names his son Anton co-deputy chair of Richemont
Johann Rupert has put his 39-year-old son Anton in charge of Richemont's creative and commercial direction as non-executive co-deputy chairman, announced on the day of the group's annual general meeting.
Billionaire Patrice Motsepe’s phosphate mine hits trouble after $160 million investment
Billionaire Patrice Motsepe’s phosphate mine is under pressure as Kropz restructures its Elandsfontein operation after $160 million of investment.
South African gaming tycoon Martin Moshal gave $7.4m to four SA parties
Martin Moshal built his fortune on online gambling and lives in Sydney. He is the largest donor to ActionSA and BOSA, second-largest to the DA. Asked about a gambling ban, one party declined to comment and another declined to answer.
Inside Lebashe, the South African group sitting on $2.5 billion of Capitec shares it borrowed to buy
Lebashe holds 8.5 million Capitec shares worth R39.6 billion, pledged to two banks as security for the loans that bought them.
Angolan food magnate Nelson Carrinho to buy $452 million Banco de Fomento Angola stake
Angolan food and agriculture magnate Nelson Carrinho has agreed, through Congolian Financial, to buy Banco BPI's entire 33.35 percent stake in Banco de Fomento Angola for $452 million. The deal would end a 30-year Portuguese presence and deepen questions about banking concentration.
Ben Magara's Exxaro is buying Anglo American's half of an Australian mine to sell the lot
Exxaro Resources will buy out Anglo American's half of the Moranbah South coking coal project in Queensland, then sell the entire asset to Australia's Stanmore Resources for $105 million, exiting its only offshore mining interest.
South African property developer Brett Abrahamse is bringing Hilton into Zimbabwe for the first time
Hilton will open its first Zimbabwe hotel in 2029 with Terrace Africa, the Harare developer South African Brett Abrahamse founded at 28.
South African billionaire Sandile Zungu faces long odds in next week's SAFA election
Sandile Zungu goes into the Sept. 12 SAFA election with 12 regions behind him against 36 for Danny Jordaan, a source says.
South African billionaire Michiel le Roux has given the DA $13 million in five years
Capitec founder Michiel le Roux has donated $13 million to the Democratic Alliance over five years, the largest sum from any individual donor.
South African tycoon Zunaid Moti has built a school named after Botswana's president
Zunaid Moti's African Hero unveiled the Duma Boko School and Clinic in Gaborone, months after Botswana's finance ministry rejected his proposal.
South African coal tycoon Sipho Nkosi left Exxaro and now funds films and video games
Sipho Nkosi built Exxaro into a major coal producer, retired in 2016 and now chairs Talent10, which has backed IoT, films, gaming and insurance.
South African billionaire Douw Steyn left an insurance group, a hotel and a private city
Douw Steyn bought a bankrupt insurer in 1984 and built Budget Holdings Limited, Steyn City and the Saxon Hotel before his death in February 2025.
Angola is selling $261 million of bank shares seized from jailed tycoon Carlos Sao Vicente
Angola's markets regulator has approved the sale of a 34% stake in Standard Bank de Angola, seized from jailed tycoon Carlos Sao Vicente.
Zulu royal household demands clarity on billionaire Robert Gumede's Tongaat Hulett deal
Zulu Royal Chancellor Malusi Zondi gave Trade Minister Parks Tau five business days to explain the IDC transaction involving Tongaat Hulett.