Orascom, controlled by Egypt’s richest family, faces $28 million arbitration award
Orascom Construction faces a $28.7 million arbitration award in Qatar over the Sidra project, even as it celebrates wind energy progress in Egypt.
America’s richest Black billionaire backs effort to modernize U.S. government AI systems
Palantir teams with Accenture Federal to deliver AI solutions to U.S. agencies, fueling a 70% stock surge and cementing its role in mission-critical transformation.
Kenyan banker James Mwangi's Equity Group to auction vehicles in $2.3 million loan dispute
Kenya’s High Court cleared Equity Bank to auction 30 vehicles to recover a $2.34 million debt, underscoring rising defaults and tougher enforcement on distressed borrowers.
15 companies the late Nigerian businessman Aminu Dantata owned
Inside Aminu Dantata’s 15-company legacy spanning oil, real estate, banking, transport, and Nigeria’s economic rise.
Egyptian billionaire Nassef Sawiris’ OCI finalizes $1.6 billion methanol business sale
OCI sells $1.6 billion methanol unit to Methanex, secures cash, cuts debt, and plans $1 billion shareholder payout by 2026.
Jens Montanana’s Datatec revenue falls to $3.6 billion in FY 2025
Datatec’s revenue dropped nearly 9% to $3.64 billion in FY2025, while net profit rose 36% as the group focused on cost discipline and strategic growth.
Equity Group, led by James Mwangi, receives approval to launch UAE office
This marks a significant milestone in the bank’s international expansion strategy as it seeks to deepen global connectivity and access new markets.
Safwan Thabet’s Juhayna starts 2025 strong with $13 million Q1 profit
Safwan Thabet-led Juhayna posted a $13 million Q1 profit in 2025, driven by robust demand, merger gains, and product innovation across core dairy and juice segments.
Wale Tinubu’s Oando kicks off 2025 with $601.5 million in first-quarter revenue
Oando kicks off 2025 with a 90.51% profit surge to $70 million, powered by finance income, tax gains, and strong E&P performance.
MTN, led by Zimbabwe’s Ralph Mupita, completes $360 million share buyback
MTN Group repurchases $357.8 million worth of shares from MTNZF, closing BEE scheme and strengthening its balance sheet under CEO Ralph Mupita’s leadership.
Dalia Khorshid leads Beltone in securing $20 million in green funding
Beltone secures $20 million from SANAD and GGF to fund MSMEs and green projects, deepening its sustainability push under Dalia Khorshid’s leadership.
Dis-Chem founder Ivan Saltzman restructures $377.7 million stake among heirs
Dis-Chem’s Ivan Saltzman restructures $377.7 million stake, transferring shares to heirs in a move reinforcing family control, succession, and executive alignment.
Adaora Umeoji acquires $2.1 million in additional Zenith Bank shares
Zenith Bank CEO Adaora Umeoji deepens her stake with a $2.1 million share buy, affirming long-term faith in the bank’s growth and profitability.
Johann Rupert’s Richemont debuts Van Cleef & Arpels boutique in Florence
Richemont’s Van Cleef & Arpels opens its first Florence boutique, showcasing high-jewelry heritage and bolstering the group’s luxury retail presence in Europe.
Baloobhai Patel-linked Sanlam Kenya repays $23.5 million Stanbic loan
Sanlam Kenya, backed by investor Baloobhai Patel, has cleared a $23.5 million Stanbic loan and posted a profit rebound on stronger revenue and investment income.
Laurence Rapp leads Vukile to $181 million profit in 2025
The strong result was driven by solid performance in its South African retail business and continued expansion in Spain and Portugal.