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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
Rotary International has selected Nigerian Rotarian Olayinka Hakeem Babalola as its president for the 2026 to 2027 year. His term is set to begin on 1 July 2026. The decision came after the organisation’s Board of Directors convened a special session guided by Rotary’s code of policies to fill the vacancy created when president-elect SangKoo Yun resigned to focus […]
