Meet Mo Ibrahim, the African billionaire who built Celtel, sold it for $3.4 billion, and helped create a telecom giant later acquired for $10.7 billion
Celtel, founded by Mo Ibrahim, grew from a risky idea into a leading African telecommunications company, ultimately facilitating industry transactions worth over $13 billion.
Ibrahim emphasized that Africa is fertile ground for investment, but highlighted the need for more African capital and less reliance on foreign direct investment and aid.
Ibrahim remains optimistic, viewing Africa's youth as its biggest opportunity and encouraging young Africans to act boldly and invest in their continent's future.
He believes Africa can unlock significant domestic resources by tackling illicit financial flows and improving tax systems, rather than depending on declining external aid.
Yes , Jim Ovia started with 20%.
But, after at least 4 subsequent funding rounds that I am aware of, his stake would have likely been diluted to somewhere around 8–10%.
At a $1B valuation?
This would have returned $80M–$100M on a $5.5M investment.
That’s a 15–18x return in 6 years on a Series A bet on a Nigerian fintech.
Success in the game is combination of some key factors. Ie Early conviction, Patient capital & Right founder & market.
Fuse Energy is one of the UK's fastest growing companies, if not the fastest.
It has JUST announced:
> hitting $550m of ARR
> achieving profitability
> raising another $30m!
The company is just three years old.
@20vcFund (@HarryStebbings) and Collaborative Fund have joined the existing Series B investors, meaning the total round was $151m at a $5bn valuation!
The company now has 300k customers (myself included) and grew revenue by over 700% last year.
It is one of the fastest, and most exciting, companies in Europe.
AMAZING NEWS - congrats all @alanchanguk, @fuseenergy, @chrlsorr
Klutch Sports CEO Rich Paul says $200 million isn't as much money as athletes think
"I got guys, 22, making $200 million over the next four or five years. I'm constantly telling them that's not a lot of money based upon where you're starting, because you're starting from zero"
"How do we understand how to compound that. Everyone's not going to play into their 40s. They're done when they're 33. They're paying a 51–55% tax"
"Not to mention jeans today, the ones they want that they're buying in excess, which they probably don't really need, cost $2,000"
"No athlete can afford to fly private all the time, yet we see so many athletes on Instagram flying private"
"I fly Delta. I cannot afford to fly private, and that's okay with me. I'm just trying to get where I'm trying to go to make the money. I'm not trying to spend the money"
"The times I do fly private, you will never see it on Instagram because it's not for show"
Nottingham Estate, one of Zimbabwe’s biggest citrus producers, has installed a 4.5MWp solar power farm. The estate sits on the banks of the Limpopo near Beitbridge.
The project was done by Scales Associates and Bigfisch Projects.
Zim businesses are scaling up green energy to manage costs and ease reliance on unreliable ZESA power.
South Africa🇿🇦 unlocks duty-free access to China🇨🇳 - but there’s a catch for exporters.
South Africa🇿🇦 has completed the customs framework required to implement China's🇨🇳 temporary zero-tariff trade scheme for eligible exports.
The move allows exporters to begin claiming duty-free access to the Chinese market from Monday, June 1st, through SARS-issued Rules of Origin certificates.
Authorities say qualifying goods shipped since May 1 can also benefit from retrospective certification.
While the programme creates new export opportunities, businesses must meet strict origin and documentation requirements to qualify.
How Zimbabwe🇿🇼 got China🇨🇳 to pour in a billion dollars into value-added lithium investments
Zimbabwe🇿🇼 banned the export of raw lithium and unbeneficiated minerals, resulting in nearly $1 billion in investments for local processing plants.
Chinese🇨🇳 companies, particularly Huayou and Sinomine, have led investments and construction of several lithium sulfate processing facilities.
The first lithium sulfate shipment from Zimbabwe🇿🇼 was exported in April, marking a milestone as the first such product from both the country and the African continent.
Lithium sales surged in 2026, with volumes rising 2% and value increasing 106% year-over-year, highlighting strong global demand and government policy impact.
Kyle Kuzma says he now plans to launch his own venture capital fund.
Kuzma, who will have over $125 million in NBA career earnings after next season, has spent 3-4 hours a day in-season studying companies over the past few years.
Hong Kong has overtaken Switzerland as the world’s biggest cross-border wealth hub for the first time, fueled by inflows from mainland China: Here is your Evening Briefing. https://t.co/b9FlR8ySI9