Chappal Energies completes $1.2 billion Equinor Nigeria acquisition
The Nigerian federal government approved the divestment on October 21, 2024, enabling Chappal to take control of ENEC through Project Odinmim.
Karooooo shares boost South African mogul Zak Calisto’s fortune by $398 million
Karooooo shares surge adding millions to South African tech mogul's wealth
Glencore, led by South African exec Nagle, targets Jamaican LNG acquisition
This underscores Glencore’s ambition to deepen its presence in strategic energy markets, further diversifying its expansive portfolio.
UBA targets Saudi Arabia for expansion by 2025
Pan-African bank eyes Middle Eastern growth as profits surge.
Amsons secures Government approval for Bamburi Cement acquisition
The green light from Kenyan authorities, coupled with unconditional approval from the COMESA Competition Commission, clears the regulatory path for Amsons' buyout bid.
Ashraf Sabry leads Fawry to new milestone with BNPL transactions surpassing $40 million
CEO Ashraf Sabry's leadership has driven Fawry to become Egypt's largest electronic payment network, with over 50,000 merchants adopting the BNPL service.
U.S.-Nigerian telecom mogul signs $230-million deal to sell Kuwait tower business to Zain
The transaction, which is expected to close in the first half of 2025 pending regulatory approvals, includes 1,675 telecom sites and 700 managed locations.
Marvin Ellison’s Lowe’s shares grow by $37 million, now valued at $203 million
This boost further solidifies his position among the wealthiest Black CEOs in the U.S. and top-ranking Black executives globally.
Glencore to develop $116-million solar plant in South Africa
The project aims to decarbonize South Africa’s industrial sector by supporting renewable energy goals and reducing emissions.
Cassava Technologies partners with eFinance to drive Africa's digital transformation
The partnership seeks to advance technological innovation across Africa, with an emphasis on enhancing financial inclusion and fostering innovation in the MENA region.
MTN partners with ODC to revolutionize Africa's telecom landscape
This alliance will focus on developing Open RAN (ORAN) solutions tailored to Africa’s diverse telecommunications needs.
Jens Montanana's stake in Datatec jumps by $6 million
Datatec founder Jens Montanana sees $6 million boost, tech company's performance drives investor confidence.
Safaricom receives approval to launch new investment scheme
This move is part of a broader strategy to expand its financial services outfit and foster greater financial inclusion across the country.
Anglo American to divest $527 million of Amplats as part of restructuring strategy
The mining giant led by Duncan Wanblad is offering 17.5 million shares—equivalent to a 6.6 percent stake in Johannesburg-listed Amplats—at $30.1 per share.
Alan Pullinger nets $1.95 million in year-to-date gains from FirstRand stake
This growing fortune reinforces his position as one of South Africa's wealthiest executives and among the top investors on the JSE.
Standard Bank and IFC partner to boost local currency lending across Africa
The deal aims to mitigate currency risks, expand local currency exposure, and facilitate cross-currency swaps and derivatives for businesses across Africa.