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.
Africa’s richest man Aliko Dangote pledges 25 percent of wealth to foundation
Aliko Dangote pledges 25 percent of his $30 billion wealth to fund education, health, and economic programs across Africa.
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.
Egyptian billionaire Yasseen Mansour’s Palm Hills inks $18.2 million deal in UAE
Palm Hills, led by billionaire Yasseen Mansour, secures $18.2 million lease and UAE trademark deal, boosting its Gulf expansion strategy.
Mombasa tycoon Mohamed Jaffer wins court payout over seized highway land
Court orders KeNHA and NLC to pay Mohamed Jaffer and Ashok Doshi for land taken during Mombasa-Nairobi highway expansion.
Naivas, majority-owned by Arnaud Lagesse’s IBL Group, opens its 112th branch in Nairobi
Naivas, backed by Arnaud Lagesse’s IBL Group, opens its 112th Nairobi store, expanding reach in fast-growing Mihango estate.
Africa’s richest man Aliko Dangote plans US dollar payouts for Nigerian shareholders
Aliko Dangote plans US dollar payouts for Nigerian shareholders from his $20 billion refinery listing.
Nigerian banker Ladi Balogun leads FCMB to $570 million gross earnings in 9 months
FCMB posts $570 million in nine-month earnings under Ladi Balogun, driven by strong interest income and rising profit.
Saliou Mboup's Carrefour Medical gets $21 million to scale Senegal’s healthcare manufacturing
Carrefour Medical secured $21 million from IFC to boost local production of medical supplies in Senegal, strengthening manufacturing capacity and healthcare access.
Credit Bank, led by Kenya’s wealthy Nyachae family, seeks approval for $35 million raise
Credit Bank, backed by Kenya’s Nyachae family, seeks shareholder approval for a $35 million capital raise to support growth and meet regulatory demands.
Tope Lawani’s Helios sets $116 million deal for Frigoglass’ Nigeria operations
Tope Lawani’s Helios agrees to buy Frigoglass Nigeria for $116 million, covering Beta Glass and Frigoglass Industries.
Africa’s richest man, Aliko Dangote, rebounds to $30 billion fortune
Aliko Dangote rebounds to $30 billion, led by gains in Dangote Cement and major energy expansion projects.W
Egyptian Ghabbour family takes $30 million hit on GB Corp stock
Egypt’s Ghabbour family sees $30 million wiped off the value of its GB Corp stake after a sharp share price drop on the Egyptian Exchange.
Credit Bank, owned by Kenya’s Nyachae family, acts on $15.5 million loan dispute
Kenya’s Credit Bank, owned by the Nyachae family, wins court approval to sell Upper Hill land over a $15.5 million loan dispute.
Jay-Z’s MarcyPen plans $500 million push into K-culture
Jay-Z’s MarcyPen plans a $500 million push into K-culture, partnering with Hanwha to back Asian consumer and entertainment brands.