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London office skyscraper owned by Eswatini’s richest man loses $76 million in value
While the property has seen a decline in market value, Natie Kirsh’s wealth has grown remarkably.
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South Africa's richest billionaire adds $1.58 billion to his fortune in just 24 hours
The boost in Johann Rupert's wealth is tied to the performance of Richemont, the Swiss-based luxury conglomerate he chairs.
Africa’s richest man, Aliko Dangote, loses $845 million in net worth during 3-day market decline
His 86 percent stake in Dangote Cement has taken a hit, with shares dropping from $0.31 at the start of the year to $0.25.
Nigerian billionaire Femi Otedola reaffirms commitment to First Bank, vows to protect its interests
FBN Holdings, the parent company of Nigeria’s oldest bank, has thrived under the leadership of Femi Otedola.
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South African billionaire Saltzman family's Dis-Chem stake declines by $26.3 million
This comes after a period of growth in 2024, reflecting the group’s resilience last year.
Egyptian billionaire Yasseen Mansour’s Palm Hills stake dips by $3.5 million
Mansour, one of Africa’s leading business leaders, holds a 10.83-percent stake in the Cairo-based real estate firm, equating to 318,574,726 shares.
Nigeria’s richest banker Jim Ovia gains $8 million from Zenith Bank shares
This follows a tough 2024 marked by Nigeria's currency devaluation and economic challenges that weakened Ovia's investments.
Egyptian billionaire Yasseen Mansour’s Palm Hills stake dips by $3.5 million
Mansour, one of Africa’s leading business leaders, holds a 10.83-percent stake in the Cairo-based real estate firm, equating to 318,574,726 shares.
Sue Nabi, Algerian-born French entrepreneur, gains $16.9 million in a week
The recent increase highlights renewed investor confidence in Coty’s strategic direction under her leadership.
Moroccan real estate mogul Alami Lazraq sees $53 million wealth boost
Over the past sixteen days, his shares have increased by MAD536.49 million ($53.62 million), continuing the upward momentum seen throughout 2024.
Egypt’s Ghabbour family faces $13.6 million loss in GB Corp shares
The Ghabbour family holds a 63.4 percent controlling stake in GB Corp., equivalent to 688,207,000 shares.
El-Sewedy family’s Elsewedy Electric lands $60 million deal for Egypt’s textile transformation
The landmark deal will establish a state-of-the-art private free zone in Industria Sadat, spanning 50,000 square meters.
Egyptian tycoon Hani Berzi sees $4.4 million loss in Edita Food shares
The company’s stock suffered a downturn on the Egyptian Exchange (EGX), reflecting the ongoing challenges in Egypt’s snack food market.
Egyptian entrepreneur Omar Khairy confirms RIGA’s acquisition of new projects, investments in East Africa
This underscores the group's strategic shift to capitalize on the region's untapped opportunities and resources.
Orascom Construction consortium powers ahead with Egypt’s largest wind farm expansion
The Ras Ghareb Wind Farm development project, reaffirms Orascom’s commitment to shaping a cleaner, more sustainable future for Egypt.
South African billionaire Saltzman family's Dis-Chem stake declines by $26.3 million
This comes after a period of growth in 2024, reflecting the group’s resilience last year.
Airtel Africa joins forces with Bajaj Finance to launch digital financial platform
The collaboration aims to revolutionize last-mile delivery of financial services by leveraging their combined scale and distribution reach.
Nigerian oil mogul Wale Tinubu’s Oando wins Angola’s KON 13 block
This marks a key step in the company’s efforts to increase its oil production capacity to 100,000 barrels per day as part of its broader global expansion plans.
MTN Nigeria, led by Karl Toriola, secures $27.1 million through commercial paper issuance
The issuance is part of the company’s N250-billion ($160.56 million) commercial paper program.
Nigeria’s richest banker Jim Ovia gains $8 million from Zenith Bank shares
This follows a tough 2024 marked by Nigeria's currency devaluation and economic challenges that weakened Ovia's investments.
Africa’s richest man, Aliko Dangote, loses $845 million in net worth during 3-day market decline
His 86 percent stake in Dangote Cement has taken a hit, with shares dropping from $0.31 at the start of the year to $0.25.
Nigerian billionaire Femi Otedola reaffirms commitment to First Bank, vows to protect its interests
FBN Holdings, the parent company of Nigeria’s oldest bank, has thrived under the leadership of Femi Otedola.
Africa’s richest man, Aliko Dangote, loses $455 million in 24 hours
The plunge in Dangote's wealth is largely attributed to a major sell-off in Dangote Cement shares on the Nigerian Exchange (NGX).
Kenafric, led by Kenya’s Shah family, set for $100 million stake sale by private equity firms
The private equity firms have enlisted Nedbank Group to lead the sale process.
Directline Assurance files lawsuit against Kenyan media mogul Samuel Macharia
This is the latest development in the ongoing legal and business tussle between the media mogul and the Nairobi-based motor vehicle insurance company.
Sasini, backed by Kenya’s Merali family, reports $4.3 million loss for 2024
Sasini has reported a full-year loss of $4.3 million for 2024, despite seeing a 20.55% increase in revenue and a 54.52% growth in assets.
MTN shares earn Ugandan executive $2.4 million in first 10 days of 2025
Ugandan executive Charles Mbire's MTN Uganda stake adds $2.4 million, reaching a record-high valuation of nearly $70 million.
Kenya’s satellite communication push challenges Starlink, other competitors
Kenya's push to benefit from the growing satellite internet industry could pose financial challenges for providers like Starlink.
Kenya Airways trading resumes on Nairobi Exchange, ends decade-long profit drought
The NSE cited improved company performance and the withdrawal of the renationalization plan as key factors behind the reinstatement.
Kenyan investor Baloobhai Patel gains from $98.2 million payout in Bamburi Cement takeover deal
Among the investors who benefited significantly is Kenyan tycoon Baloobhai Patel, who earned $15.5 million in just six months through his stake in Bamburi.
Kenya’s Merali family records $1.95 million loss from Sasini shares in 2024
Although their stake declined, the family remains a key player in Kenya's agribusiness sector.
London office skyscraper owned by Eswatini’s richest man loses $76 million in value
While the property has seen a decline in market value, Natie Kirsh’s wealth has grown remarkably.
Caxton appeals to constitutional court over Media24’s $2.5 million restructuring deal
Caxton appeals Media24’s $2.5 million restructuring plan, citing risks to media diversity, rural access, and competition in South Africa’s shifting print landscape.
South African insurance tycoon Adrian Gore’s Discovery stake drops below $500 million
This marks a reversal after his stake surged by $147.4 million in 2024, reaching $525.12 million in 2024.
Sasol, led by South African executive Simon Baloyi, plans to revive and list chemical division
Sasol has been working to optimize the project’s performance, restore investor confidence, and explore strategic options—including an Initial Public Offering (IPO).
Glencore, led by South Africa's Gary Nagle, explores merger talks with Rio Tinto
Glencore and Rio Tinto are in advanced talks for a merger that could reshape the global mining sector, rivaling industry leader BHP Group.
South Africa's richest billionaire adds $1.58 billion to his fortune in just 24 hours
The boost in Johann Rupert's wealth is tied to the performance of Richemont, the Swiss-based luxury conglomerate he chairs.
South African businessman Gus Attridge sees Aspen stake drop by $9.3 million
This corresponds to a 5.24 percent drop in Aspen’s stock price on the Johannesburg Stock Exchange (JSE) in 9 days.
South Africa’s richest man, Johann Rupert’s Richemont, reports $16.7 billion in nine-month sales
Richemont posts $16.7 billion nine-month sales, driven by record-breaking Q3 and resilience despite challenges, with Japan leading 25% regional growth.
Zepz teams up with dLocal after $267 million raise to boost cross-border payments
The partnership aims to tackle financial access barriers in Africa, Asia, and Latin America, where millions are excluded from traditional banking systems.
Mohammed Al-Amoudi’s wealth falls $1-billion amid asset revaluation, legal disputes
Ethiopia’s wealthiest man, Mohammed Al-Amoudi, lost over $1 billion in recent months, with his net worth dropping to $8.76 billion.
Safaricom reaches 52 million subscribers in Ethiopia
The telecom giant reported this milestone with its half-year results, marking rapid growth in one of Africa’s biggest telecom markets.
Safaricom reports mixed results for H1 2025, faces challenges in Ethiopia, Kenya
East Africa's telecom giant, Safaricom, sees revenue growth but faces profitability hurdles.
Safaricom expands M-PESA platform to Ethiopia, boosting regional financial inclusion
The move aims to strengthen regional financial inclusion and boost economic activity across borders.
Somali tycoon Ismail Ahmed’s Zepz raises $267 million to expand in Africa
The venture capital firm Accel, along with Leapfrog and TCV, led the latest funding round for Zepz.
Ethiopia’s richest man Mohammed Al-Amoudi’s fortune rises $190 million in 19 days
Al-Amoudi’s net worth has jumped from $9.12 billion on April 26 to $9.31 billion as of this report. This translates to an average daily gain of $10 million since April 26.
Ethiopia’s richest man Mohammed Al-Amoudi loses $260 million in two weeks
This follows a $320-million gain in Al-Amoudi’s net worth between March 28 and April 12.
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South African billionaire Saltzman family's Dis-Chem stake declines by $26.3 million
This comes after a period of growth in 2024, reflecting the group’s resilience last year.
Airtel Africa joins forces with Bajaj Finance to launch digital financial platform
The collaboration aims to revolutionize last-mile delivery of financial services by leveraging their combined scale and distribution reach.
London office skyscraper owned by Eswatini’s richest man loses $76 million in value
While the property has seen a decline in market value, Natie Kirsh’s wealth has grown remarkably.
Caxton appeals to constitutional court over Media24’s $2.5 million restructuring deal
Caxton appeals Media24’s $2.5 million restructuring plan, citing risks to media diversity, rural access, and competition in South Africa’s shifting print landscape.
Nigerian oil mogul Wale Tinubu’s Oando wins Angola’s KON 13 block
This marks a key step in the company’s efforts to increase its oil production capacity to 100,000 barrels per day as part of its broader global expansion plans.
10 companies owned by Egyptian billionaire El-Sewedy family
The El-Sewedy family leads a diverse portfolio of energy, electrical, and infrastructure companies across the Middle East and Africa.
South African insurance tycoon Adrian Gore’s Discovery stake drops below $500 million
This marks a reversal after his stake surged by $147.4 million in 2024, reaching $525.12 million in 2024.
Sasol, led by South African executive Simon Baloyi, plans to revive and list chemical division
Sasol has been working to optimize the project’s performance, restore investor confidence, and explore strategic options—including an Initial Public Offering (IPO).
Egyptian billionaire Yasseen Mansour’s Palm Hills stake dips by $3.5 million
Mansour, one of Africa’s leading business leaders, holds a 10.83-percent stake in the Cairo-based real estate firm, equating to 318,574,726 shares.
MTN Nigeria, led by Karl Toriola, secures $27.1 million through commercial paper issuance
The issuance is part of the company’s N250-billion ($160.56 million) commercial paper program.
Sue Nabi, Algerian-born French entrepreneur, gains $16.9 million in a week
The recent increase highlights renewed investor confidence in Coty’s strategic direction under her leadership.
Glencore, led by South Africa's Gary Nagle, explores merger talks with Rio Tinto
Glencore and Rio Tinto are in advanced talks for a merger that could reshape the global mining sector, rivaling industry leader BHP Group.
Nigeria’s richest banker Jim Ovia gains $8 million from Zenith Bank shares
This follows a tough 2024 marked by Nigeria's currency devaluation and economic challenges that weakened Ovia's investments.
Kenafric, led by Kenya’s Shah family, set for $100 million stake sale by private equity firms
The private equity firms have enlisted Nedbank Group to lead the sale process.
Moroccan real estate mogul Alami Lazraq sees $53 million wealth boost
Over the past sixteen days, his shares have increased by MAD536.49 million ($53.62 million), continuing the upward momentum seen throughout 2024.
South Africa's richest billionaire adds $1.58 billion to his fortune in just 24 hours
The boost in Johann Rupert's wealth is tied to the performance of Richemont, the Swiss-based luxury conglomerate he chairs.
