Indian billionaire Anil Agarwal’s Vedanta seeks $500 million for Zambia copper
Vedanta is seeking a $500 million loan to refinance debt and expand copper operations at its Konkola mine in Zambia.
Southern Africa
Johann Rupert’s Richemont posts record UK sales as profits jump
Richemont UK sales hit a record 277 million pounds as profits surged, offering a glimpse into Johann Rupert’s luxury strategy.
South African businessman Adrian Gore sells $3 million in Discovery shares
South African businessman Adrian Gore sells $3 million in Discovery shares while managing a $590 million stake and hedging risks.
Patrice Motsepe’s firm says South African court can decide $195 million Tanzanian lawsuit
South African court weighs $195 million claim by Tanzanian firm Pula against Patrice Motsepe’s African Rainbow Capital.
Glencore, led by Gary Nagle, gains full control of Peru’s Quechua copper project
Glencore gains full ownership of Peru’s Quechua copper project, strengthening its foothold near Antapaccay as JX exits mining.
Austrian tycoon Andreas Sohmen-Pao's BW Energy acquires stakes in Angolan oil blocks for $310 million
BW Energy, led by chairman-owner Andreas Sohmen-Pao, is buying stakes in Chevron-run Block 14 and 14K offshore Angola in a $310 million deal.
South African billionaire Patrice Motsepe net worth climbs to $3.7 billion
Patrice Motsepe’s net worth rises to $3.7 billion as gains in Harmony Gold and African Rainbow Minerals lift his fortune.
Zimbabwean billionaire Strive Masiyiwa’s Econet Wireless to delist, spin off towers to VFEX
Econet Wireless will quit Zimbabwe’s main bourse, spin off its towers and list the assets on the VFEX as Strive Masiyiwa seeks fairer value.
Evan Rice’s Etana Energy signs 20-year wind power purchase from Western Cape wind farms
Etana Energy, led by Evan Rice, signs 20-year deal to buy wind power from Western Cape farms, cutting 600,000 tons of CO₂ annually.
Elon Musk’s Starlink could soon reach South Africa
Starlink, Elon Musk’s satellite internet service, may soon expand to South Africa as the government eases foreign ownership rules.
Insider trading complaint surfaces after South African billionaire Jannie Mouton’s Curro buyout wins approval
South Africa’s regulator reviews suspicious Curro share trades after Jannie Mouton Foundation secured approval for a 7.2 billion rand buyout.
South African tycoon Terrence Moolman’s Caxton stake gains $7.7 million on JSE
Terrence Moolman’s Caxton stake gains $7.7 million as the company’s shares rise on the Johannesburg Stock Exchange.
Standard Bank, led by Sim Tshabalala, backs Safaricom Ethiopia with $138 million funding push
Standard Bank backs Safaricom Ethiopia with a $138 million funding facility to support its network expansion and rising user base.
South African multimillionaire Magda Wierzycka wants pension funds to back startups
Magda Wierzycka says directing a sliver of South Africa’s pension savings into startups could unlock billions for the country’s next generation of entrepreneurs.
Filipino billionaire Enrique Razon seals 25-year port deal in South Africa
Transnet’s 25-year Durban deal with ICTSI marks South Africa’s first big port concession, aimed at unclogging a vital, crisis-plagued trade gateway.
Duncan Wanblad-led Anglo American and Teck shareholders approve $50 billion merger
Anglo American and Teck shareholders approve $50 billion merger, creating world’s fifth-largest copper producer.