Ipeleng Mkhari Takes the Helm at Attacq: A Boardroom Shift with Local Ambition

Ipeleng Mkhari has been appointed chairperson of Attacq Limited, the Johannesburg-listed property group best known for its Waterfall City holdings and large-scale mixed-use developments. The board change, announced in a formal regulatory notice this week, marks a notable leadership transition for one of South Africa’s most prominent real estate companies. Mkhari arrives with a track record in corporate governance, […]

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Nigerian Businessman Samuel Maduka’s C&I Leasing Secures Approval for $20 Million Capital Raise, Signalling Fresh Growth Push

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 […]

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Mary Vilakazi Steers FirstRand to $2.6 Billion Profit, Defying UK Headwinds

FirstRand has posted a $2.6 billion profit for the year ended 30 June 2025, marking a 10 per cent rise on the previous year. The banking group’s performance was fuelled by stronger revenue streams across retail, commercial, and investment banking, alongside improved treasury earnings. The bank reported headline earnings of about R45.1 billion, supported by solid growth in deposits, […]

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Sam Darwish’s IHS Stake Tops $90 Million as Tower Firm Strengthens Market Position

Sam Darwish, the U.S.-Nigerian executive who built IHS from a regional tower operator into a publicly traded infrastructure business, has seen the market value of his stake in IHS climb above $90 million. The milestone reflects renewed investor appetite for telecom infrastructure assets and highlights Darwish’s continuing role in shaping the continent’s digital backbone. Darwish founded the company in […]

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David Steward’s Lion Forge Secures $30 Million Backing to Build a Global Black-Owned Studio

HarbourView Equity Partners and the Steward family have led a $30 million minority investment into Lion Forge Entertainment, the Newark-based studio founded by David Steward II. The investment is designed to deepen Lion Forge’s ownership of original intellectual property and to accelerate the company’s pipeline of family, youth and adult franchises. HarbourView described the move as a strategic bet […]

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Tendai Madziwanyika’s RTG Commits $1.6 Million to Upgrade Harare Hotels

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 […]

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Adebayo Ogunlesi: The Dealmaker Now Shaping OpenAI’s Next Chapter

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 […]

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Paratus Launches Namibia’s First Private Mobile Network Under Schalk Erasmus

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. […]

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Gerald Van Wyk Steers AfroCentric to R4.4 Billion Half-Year Revenue Amid Health Insurance Demand Surge

Under the leadership of Gerald Van Wyk, AfroCentric Health has delivered a robust performance in the first half of 2025, generating R4.4 billion (approximately $238 million) in revenue. The results affirm the company’s growing role in South Africa’s private healthcare space and highlight Van Wyk’s strategic vision in navigating a complex, evolving industry landscape. These numbers reflect strong demand […]

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Patson Moyo Expands Footprint with $30 Million Purchase of 418-Hectare Harare Estate

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. […]

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