Nigerian business executive Adegbite Falade steers Aradel to $240 million in H1 revenue
Aradel reports $240.5 million revenue, $95.7 million profit in H1 2025, fueled by strong crude output and asset expansion.
South Africa’s richest man Johann Rupert’s Remgro to unbundle shares in eMedia Holdings
Rupert’s Remgro to unbundle eMedia Holdings shares in a move aimed at streamlining media holdings and boosting shareholder value through direct exposure.
Nigerian oil mogul Wale Tinubu’s Oando reports $1.12 billion in half-year revenue
The company also posted a net profit of $41.3 million, boosted by a tax credit and a recovery from earlier losses tied to asset impairments.
South African billionaire Zak Calisto’s Karooooo to pay $38.6 million dividend to shareholders
Karooooo, led by Zak Calisto, approves $38.6 million dividend as revenue surges, fueled by Cartrack subscriptions and logistics growth in early FY 2026.
ArcelorMittal South Africa, linked to Noluthando Gosa, reports $52 million loss
ArcelorMittal SA posts $52 million H1 2025 loss as weak demand, lower prices, and rising debt weigh on margins despite IDC support and cost cuts.
Kenyan court dismisses suit against Tanzanian billionaire Rostam Aziz’s $130 million gas plant
Kenyan court clears Tanzanian billionaire Rostam Aziz’s $130.5 million LPG terminal project, opening the way for expanded energy access in East Africa.
Nigerian oil tycoon Mohammed Indimi makes $8.3 million from Jaiz Bank shares
Indimi is the largest shareholder in Nigeria’s pioneering non-interest bank, holding a 29.36% stake in Jaiz Bank.
South African executive Gerrie Fourie bags $8.2 million farewell payout from Capitec
Capitec’s longtime CEO Gerrie Fourie exits with $8.2 million payout after growing the bank into a $22.42 billion retail leader.
Accelerate, partly owned by Michael Georgiou, secures $5.57 million capital
Accelerate, part-owned by Michael Georgiou, secures $5.57 million to upgrade Fourways Mall and ease debt burden amid unresolved affiliate claims.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa posts $1.42 billion in first-quarter revenue
Airtel Africa, led by Indian billionaire Sunil Mittal, posted $1.42 billion in Q1 revenue, driven by mobile money, data growth, and user expansion.
Adrian Gore's Discovery Green faces legal challenge from Eskom over trading license
Eskom sues to block trading licenses issued to Discovery Green and others, warning of grid risks and unfair energy market competition.
Christo Wiese-backed Pepkor draws $470 million investment from US-based hedge fund
Silverpoint Capital’s $470 million stake in Christo Wiese-backed Pepkor signals global investor confidence, following PIC’s deeper $874 million commitment.
Aliko Dangote’s cement business hauls in $1.35 billion in six months
Dangote Cement posts $1.35 billion H1 revenue, profit surges 174% as pricing strategy and strong Nigerian market drive top-line and bottom-line growth.
Safaricom, led by Peter Ndegwa, to pay $372 million in dividends to shareholders
Safaricom, led by Peter Ndegwa, declared a $372.6 million dividend after surpassing $3 billion in revenue, marking its third straight strong payout.
Aliko Dangote turns to Angola tankers as Nigeria misses out on $400 million shipping revenue
Dangote’s $19 billion refinery uses Angola’s tankers as Nigeria’s stalled shipping sector misses out on $400 million annual freight revenue.
PIC boosts stake in South African billionaire Christo Wiese-backed Pepkor to $870 million
PIC raises its stake in Pepkor to 15.46% with $31 million purchase, deepening its $874 million position as Ibex exits Christo Wiese-backed retail group.