Ackerman family gives up majority control of Pick n Pay as Allan Gray’s stake grows
Pick n Pay’s founding family falls below 50% control as Allan Gray ups its stake, sharpening focus on the retailer’s troubled turnaround.
Prudential’s exit plan tests Patrice Motsepe’s grip on Alexforbes
Prudential’s possible Alexforbes exit hands Patrice Motsepe a pivotal moment: tighten African Rainbow Capital’s control or share power with a new global investor.
Inside Black Coffee’s empire: 15 businesses and investments owned by the South African DJ
From Soweto venues to Silicon Valley–backed startups and Cape Town’s most expensive house, Black Coffee has turned DJ fees into a serious investment empire.
Flex raises $60 million Series B to build AI “private bank” for high net worth business owners
Flex raises fresh funding to scale its AI-native private bank, targeting high net worth middle-market owners juggling complex business and personal finances.
Nigerian billionaire Abdul Samad Rabiu orders Bombardier Global 8000 business jet
Abdul Samad Rabiu’s BUA Group adds a Bombardier Global 8000 to its fleet, signalling fresh expansion bets from Lagos to Dubai.
Nigerian businessman Emeka Offor gets respite in $111 million loan fight in London
A London court has pressed pause on a $111 million loan fight, handing Nigerian tycoon Emeka Offor rare breathing room in a long-running saga.
Nigerian billionaire Abdulsamad Rabiu’s BUA Group to build 40tph feed mill in Kano
BUA Group founder Abdulsamad Rabiu has signed a deal with Turkey’s Viteral to build a 40TPH feed mill in Kano, targeting Nigeria’s livestock deficit.
Canadian mining billionaire Robert Friedland fires up Africa’s biggest copper smelter at Kamoa-Kakula
Billionaire mine financier Robert Friedland has lit the first flame at Kamoa-Kakula, launching Africa’s largest copper smelter in the Democratic Republic of Congo.
Nigerian billionaire Muhammadu Indimi donates $1.3 million to University of Maiduguri
Oil and gas billionaire Muhammadu Indimi has pledged ₦2 billion to the University of Maiduguri, anchoring a new endowment drive in Nigeria’s northeast.
Nigerian tycoon Ernest Azudialu-Obiejesi in pains as as receiver retakes Nestoil tower over $1 billion debt
Ernest Azudialu-Obiejesi is locked in a $1bn debt fight as Nigeria’s Court of Appeal backs lenders and a receiver’s return to Nestoil Tower.
Madagascar tycoon Mamy Ravatomanga detained in Mauritius over financial fraud
As Mamy Ravatomanga wakes up behind bars in Mauritius, a looming court hearing could shift his fight from VIP custody to tougher ground.
Dangote Refinery to pump 1.5 billion litres of petrol monthly to steady Nigeria’s fuel supply
Dangote Refinery says it will pump 1.5 billion litres of petrol a month from December to keep Nigeria wet through the holidays.
Late Kenyan poultry tycoon Nelson Muguku’s family in court fight over grandchildren’s upkeep
Years after chicken mogul Nelson Muguku died, his ex-daughter-in-law is in court demanding the family trust fully support two grandchildren.
Kenyan tycoon Paul Wanderi Ndung'u loses big as London court clears SportPesa, slaps him with $2.9 million bill
London’s High Court tossed out Paul Wanderi Ndungu’s fraud case over SportPesa shares and slapped him with a Sh375 million costs bill.
Zimbabwean billionaire Strive Masiyiwa warns young Africans against flashy living
Strive Masiyiwa has urged young Africans to stop chasing “Mbinga culture,” warning that conspicuous consumption can wreck real wealth building and children’s futures.
Inside Hassanein Hiridjee’s $1.8 billion bid to turn Axian into an African telecom giant
From Tanzania’s mobile networks to Kenyan fibre and a new digibank push, Axian is Hiridjee’s vehicle for a continent-wide telecom land grab.