In Malawi’s conservative banking sector, Thom Mpinganjira has done what few thought possible. He built a financial institution from scratch, took it public, scaled it into the country’s largest bank, and in the process, became Malawi’s first billionaire. Mpinganjira’s path was not paved by inheritance or political favour. He came up through the system as a stockbroker, working on […]
C&I Leasing Plc, the vehicle leasing firm linked to Nigerian businessman Samuel Maduka Onyishi, has won approval to raise $20 million in fresh capital. The decision marks a pivotal step for the company as it looks to strengthen its funding base and position itself to meet rising demand for leased assets across West Africa. The approval follows board deliberations […]
Tendai Madziwanyika’s RTG has announced a $1.6 million investment to upgrade several hotels in Harare, a move industry insiders say could sharpen the city’s hospitality offering and support short-term construction employment. The funds will target physical improvements and service enhancements across existing properties. RTG has framed the project as a focused upgrade rather than a major expansion. Work is […]
Adebayo Ogunlesi’s name has long been linked to some of the largest infrastructure deals of the last two decades. Now the Nigerian-born financier takes on a new, high-visibility role as a member of OpenAI’s board of directors, joining the governance team at a moment when the company is accelerating acquisitions and scaling its commercial operations. Ogunlesi arrives at OpenAI […]
Paratus, under the leadership of Schalk Erasmus, has launched Namibia’s first private mobile network. The rollout marks a new phase for the country’s digital infrastructure, offering dedicated wireless capacity designed for businesses, government agencies and industrial operators that require secure, reliable and low-latency connectivity. A private mobile network gives a single organisation its own licensed or managed wireless environment. […]
Patson Moyo, the Zimbabwean aviation entrepreneur, has acquired a 418-hectare property on the outskirts of Harare in a deal valued at $30 million. The purchase represents one of the largest single private land transactions in the city this year and marks a notable moment in Moyo’s expanding portfolio beyond aviation. Moyo built his reputation in aviation and related logistics. […]
Flutterwave has introduced a U.S. stock trading service, signalling a deliberate push beyond payments into retail investing. The move places Olugbenga Agboola’s company in a growing lane where African fintechs link everyday savers to American equities through simple, mobile-first rails. The rollout frames Flutterwave’s consumer strategy with clearer edges. For years the company has been known for infrastructure that […]
Dean Forbes started with nothing more than a backpack and a resolve to survive. He spent a period sleeping on London streets and sofa surfing in South London. Today he sits at the head of a technology group valued at over £100 million and counts influence in Britain’s tech and business circles among his assets. Forbes’ rise has been […]
Standard Bank Group Chief Executive, Sim Tshabalala, has announced a $1 billion commitment to finance and scale women-led businesses across Africa, marking one of the boldest private sector pledges ever directed at the continent’s female entrepreneurs. For Africa’s banking sector, the figure is unprecedented. For women entrepreneurs, it represents a direct response to years of documented funding gaps. Studies […]
Nigeria’s drive for energy security has taken another significant step forward with Aradel Holdings sealing a domestic gas supply agreement with Nigeria LNG Limited (NLNG). At the centre of this development is Adegbite Falade, the Managing Director and Chief Executive Officer of Aradel Energy, who continues to strengthen the company’s role as a key contributor to Nigeria’s energy transition. […]
