Business

Latest Business News

Court papers reveal Kenyan tycoon’s secret deal with Elon Musk’s Tesla

A confidential partnership between Julius Mwale and Elon Musk’s Tesla has surfaced through a dismissed U.S. court case, revealing Tesla’s role in powering Mwale’s clean energy city.

Omokolade Ajayi May 26, 2025

28 stories tower

Burj Zanzibar sets record as world’s tallest timber tower

Zanzibar is set to make history with the Burj Zanzibar, a 28-storey timber tower poised to become the world’s tallest wooden skyscraper.

Timilehin Adejumobi May 26, 2025

Karooooo

New tech billionaire emerges in South Africa

Karooooo stock surges, pushing Calisto’s net worth past $1 billion amid global expansion

Timilehin Adejumobi May 25, 2025

$260 million Magufuli Bridge

Magufuli bridge: East Africa’s longest bridge now complete

Tanzania completes $260 million Magufuli bridge, East Africa’s longest, to boost trade, cut ferry use and improve regional access ahead of 2025 opening.

Timilehin Adejumobi May 24, 2025

Bank

FirstRand tops Capitec to become Africa’s most valuable bank

With a market cap of $22.9 billion, FirstRand overtakes Capitec as Africa’s most valuable bank, driven by strong earnings and disciplined management.

Omokolade Ajayi May 23, 2025

African founders

Top 10 African-owned companies based outside Africa

Many top African-owned firms—like Prosus, Flutterwave, and Richemont—are based abroad to overcome funding gaps, scale hurdles, and regulatory constraints.

Feyisayo Ajayi May 22, 2025

Africa’s $10 billion giants reshape global investment

African companies

Top 15 most valuable companies in Africa

South African giants dominate a fresh list of Africa’s top firms by market value, led by tech investor Naspers and banking powerhouses like FirstRand.

Feyisayo Ajayi May 20, 2025