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News Reporter
Dorcas Adeodun is a journalist covering finance, public policy, and economic development. She has more than five years of reporting experience and has worked across business reporting and institutional analysis.
Nedbank CEO Jason Quinn has opened a $855 million tender offer for a 66% controlling stake in Kenya's NCBA Group, one of the largest cross-border banking transactions in African history, with shareholders given until July 10 to respond.
Johann Rupert rescued his father's historic car collection from closure in 2003 and turned it into the Franschhoek Motor Museum, now one of the finest collections in the Southern Hemisphere.
Angolan-Portuguese businessman Álvaro Sobrinho is suspected of paying a Lisbon appeal court judge to release his impounded 80 million euro property empire.
Olakunle Williams's Tetracore Energy Group has achieved simultaneous ISO certification across quality, environment and occupational health and safety at multiple Nigerian sites, verified by Bureau Veritas.
UAE-based African Rail Co. is raising $170 million to buy locomotives and wagons for South Africa's newly privatized freight rail network, targeting the Durban and Mozambique corridors.
Ibrahim Mahama's Engineers and Planners has disbursed $2 million of its $5 million pledge to Ghana's Black Stars World Cup fundraising campaign, the largest single corporate commitment to the drive.
Tshepo Mahloele will collect $22 million from Capitec's record R9.27 billion dividend, despite recently selling $840 million worth of shares and cutting his stake to 3.85%.
Sunil Mittal's Airtel Africa is targeting a London IPO for its Airtel Money unit that could raise up to $2 billion and value the business at as much as $10 billion, people familiar with the matter said.
Brett and Mark Levy's Blu Label Unlimited moves R108 billion a year as South Africa's dominant distributor of prepaid electricity and airtime, serving 35 million customers monthly.
Oprah Winfrey has signed a multiyear deal with Amazon's Wondery, handing the company her podcast, Book Club, Favorite Things franchise and the full archive of her 25-season talk show.
Elon Musk took the witness stand April 28 in his $134 billion lawsuit against OpenAI and Sam Altman, arguing the company he helped found betrayed its original mission to benefit humanity.
Aliko Dangote is considering listing his refinery on the Ethiopian Securities Exchange as part of a pan-African IPO push that could reshape capital markets across the continent.
Aliko Dangote's refinery supplies more than 95% of Nigeria's aviation fuel and has exported 1.1 billion liters to Europe, even as airlines say fuel middlemen are pushing prices up by 300%.
Rihanna has launched Fenty Beauty in India with a Mumbai pop-up and a private visit to the Ambani family at Antilia, deepening the brand's push into one of the world's fastest-growing beauty markets.
The Michael Jackson biopic opened to $217.4 million globally in its first weekend, setting an all-time record for music biopics and wildly surpassing studio estimates of $70 million.
UBA shares fell 10% Monday after the bank declared no final dividend for FY2025, erasing N34.7 billion from Tony Elumelu's stake in a single morning session.