Sasol CEO, Simon Baloyi signals chemical unit listing before 2030
The division, anchored by a $12.8 billion Lake Charles Chemicals Project in Louisiana, is expected to contribute up to $1 billion annually to Sasol’s earnings by 2030.
Ghabbour family’s GB Corp delivers $334 million in Q1 revenue
GB Corp. posted $334.4 million in Q1 revenue, driven by strong auto sales, CKD output, and expanding finance services amid Egypt’s improving economic environment.
Hisham Talaat Moustafa's TMG eyes $4.7 billion sales from mixed-use development in Oman
TMG enters Oman with two smart city projects, targeting $4.7 billion in sales as it scales its proven Egypt-Saudi urban model across the Gulf.
Fawry delivers Q1 revenue of $53.3 million under Ashraf Sabry
Fawry’s Q1 2025 revenue surged 65.1% to $53.3 million under Ashraf Sabry, with record digital transactions and profit, cementing its fintech dominance in Egypt.
Co-op Bank delivers Q1 profit of $53.3 million under Gideon Muriuki
Co-op Bank posted a $53.3 million Q1 profit, up 5.3%, driven by digital lending, strong interest income, and operational efficiency under CEO Gideon Muriuki.
Prosus, led by Koos Bekker completes $1.7 billion acquisition of Despegar
Prosus, led by Koos Bekker, finalizes a $1.7 billion Despegar deal to expand its lifestyle ecosystem across Latin America’s high-growth digital sectors.
Hisham Talaat Moustafa's TMG begins second phase of SouthMED following $20 billion in sales
TMG Holding launches SouthMED Phase 2 after hitting $20 billion in sales, setting new records and redefining luxury real estate on Egypt’s North Coast.
Moroccan billionaire Anas Sefrioui sees $102 million loss in 30 days
This follows a sustained downturn on the Casablanca bourse and rising investor concerns over the company’s financial performance in the 2025 fiscal year.
Zak Calisto’s Karooooo reports $250 million in 2025 revenue
Karooooo’s FY 2025 revenue hit $249.87 million, driven by subscription growth and global expansion, reaffirming its role as a leader in mobility solutions.
Dalia Khorshid drives Beltone to $56 million revenue in Q1 2025
Beltone’s Q1 revenue surged 111% to $56 million, driven by strong growth in NBFI and investment banking, reinforcing its lead in Egypt’s financial sector.
Workers seek dues at Bernard Soi’s recently acquired Muhoroni firm
Bernard Soi’s takeover of Muhoroni Sugar sparks labor protests as workers demand unpaid dues, exposing tensions in Kenya’s push to privatize state mills.
Samih Sawiris’ Orascom Development Egypt posts Q1 revenue of $127 million
Orascom Development Egypt posted $126.8 million in Q1 revenue, driven by hotels and land sales, despite a dip in real estate bookings.
PIC takes new shares worth $11.85 million in Neal Froneman-led Sibanye
PIC has increased its stake in Sibanye to 15.409% with a $11.85 million share purchase, signaling renewed confidence ahead of CEO Neal Froneman’s retirement.
Saki Macozoma sells manganese assets to Exxaro in $638 million deal
The transaction was executed through his investment company, Ntsimbintle Holdings, in partnership with Singapore-based OM Holdings.
Peter Ndegwa leads Safaricom to historic $3 billion revenue
Safaricom posted $3.01 billion in revenue, marking a historic first in East Africa, as it eyes tech-driven growth in Kenya, Ethiopia, and beyond.
Baloobhai Patel linked-Absa Kenya backs $52 million student housing in Nairobi
Absa Bank Kenya, partly owned by investor Baloobhai Patel, is backing a $52 million student housing drive to ease Nairobi’s 300,000-bed deficit.