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Gus Attridge’s stake in Africa’s largest pharma company drops by $16.5 million
South African pharma mogul Gus Attridge loses $16.5 million from stake in Africa’s largest pharmaceutical company.
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Elon Musk’s Starlink could soon reach South Africa
Starlink, Elon Musk’s satellite internet service, may soon expand to South Africa as the government eases foreign ownership rules.
Insider trading complaint surfaces after South African billionaire Jannie Mouton’s Curro buyout wins approval
South Africa’s regulator reviews suspicious Curro share trades after Jannie Mouton Foundation secured approval for a 7.2 billion rand buyout.
South African tycoon Terrence Moolman’s Caxton stake gains $7.7 million on JSE
Terrence Moolman’s Caxton stake gains $7.7 million as the company’s shares rise on the Johannesburg Stock Exchange.
Standard Bank, led by Sim Tshabalala, backs Safaricom Ethiopia with $138 million funding push
Standard Bank backs Safaricom Ethiopia with a $138 million funding facility to support its network expansion and rising user base.
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Algeria’s richest man Issad Rebrab hit as Brandt folds, 700 jobs lost
Algeria’s richest man Issad Rebrab faces setback as Brandt folds, 700 jobs lost and foreign investment challenges grow.
Presco, led by Nigerian tycoon Rasheed Sarumi, adds 10,000 hectares
Presco, chaired by Rasheed Sarumi, expands its palm oil operations with a 10,000-hectare land acquisition in Cross River State.
Egyptian billionaire Ahmed El-Sewedy gains $116 million in Elsewedy stake
Egyptian billionaire Ahmed El-Sewedy adds $115.93 million to his Elsewedy Electric stake as shares climb and market value strengthens.
Nigerian billionaire Abdul Samad Rabiu gives $20.7 million to long-serving employees
Abdul Samad Rabiu shares $20.7 million in cash rewards with long-serving BUA Group employees, reinforcing loyalty across the conglomerate.