News
Wicknell Chivayo remains under investigation in South Africa
1+ hour, 43+ min ago (370+ words) Barely three months after his name appeared in a corruption dossier alleging the misuse of $3.2 billion in public funds, South African authorities say investigations linked to Zimbabwean businessman Wicknell Chivayo are still underway, pushing back against public claims that the…...
Starlink blocked in South Africa, Elon Musk says race rules
22+ hour, 11+ min ago (592+ words) Elon Musk says South Africa's race-based telecom rules block Starlink, despite $121.8 million investment and plans for rural schools. SpaceX CEO Elon Musk, the world's richest person, renewed his criticism of South Africa's telecom rules, claiming they prevent his satellite Internet…...
Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
5+ day, 14+ hour ago (456+ words) Ethiopia's richest man, Mohammed Al-Amoudi, brings Carrefour to 13 Midroc stores, marking the retailer's first physical presence in Ethiopia. Ethiopia's richest man, Mohammed Al-Amoudi, is bringing a global retail name into one of Africa's most closely watched consumer markets. Through Midroc…...
How Sherrese Clarke Soares landed T-Pain's $100m deal
5+ day, 22+ hour ago (199+ words) From a dealmaking childhood to Wall Street, Sherrese Clarke Soares built HarbourView to buy songs like investors buy infrastructure. Kevin Hart joins $32 billion Authentic Brands Group as shareholder, expanding his global media, lifestyle, and fitness ventures. Fawn Weaver sued Uncle…...
Nigerian businessman Cosmas Maduka urges African entrepreneurs to build slowly, honor values
1+ week, 3+ day ago (553+ words) Nigerian businessman Cosmas Maduka urges African entrepreneurs to build steadily, honor values, and grow with patience and discipline. Nigerian businessman Cosmas Maduka speaks plainly when he reflects on success, and his message leaves little room for shortcuts. In a recent…...
Meet Olubunmi Peters, new boss of Eko DisCo
1+ week, 4+ day ago (172+ words) Olubunmi Peters is betting that new capital can turn Eko DisCo into a Lagos powerhouse. Burna Boy's "I Told Them" tour grossed $30.46 million from 302,801 tickets, Touring Data reports, a new high point for African touring. At Cosgrove's Abuja retreat, Umar…...
Burna Boy’s “I Told Them…” tour tops $30.5 million, tracking site says
1+ week, 6+ day ago (234+ words) Burna Boy's "I Told Them" tour grossed $30.46 million from 302,801 tickets, Touring Data reports, a new high point for African touring. At Cosgrove's Abuja retreat, Umar Abdullahi approved "4 billion ($2.7 million) in properties for staff, linking rewards to faster delivery and growth…...
Nigerian real estate tycoon Umar Abdullahi gifts employees $2.7 million in Cosgrove properties
2+ week, 1+ day ago (230+ words) At Cosgrove's Abuja retreat, Umar Abdullahi approved "4 billion ($2.7 million) in properties for staff, linking rewards to faster delivery and growth in 2026. Afriland First Bank says it wants new partners for its Liberia unit, as reports cite a planned capital raise…...
Inside Cyril Ramaphosa's fortune: McDonald’s, Mondi, trusts
2+ week, 1+ day ago (198+ words) A look at Shanduka's biggest holdings, what was sold, what sits in trusts, and what Ramaphosa's net worth most likely is today. South African billionaire Jannie Mouton gains $136.16 million as Capitec Bank shares climb, lifting the value of his long-held…...