South African banker Sim Tshabalala-led Standard Bank, raises stake in JSE-listed Trencor to $4.2 million
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Stand Bank.
South African executive Neal Froneman steps down as Sibanye-Stillwater CEO after 12 years
His departure marks the end of a transformative chapter for the multinational mining group.
Egypt’s Ashraf Sabry leads Fawry’s bold move to revolutionize digital payments in MENA
This reflects its commitment to accelerating digital transformation and making financial transactions seamless.
10 richest businessmen in Botswana in 2025
Botswana is home to a small but powerful group of multimillionaires whose influence extends far beyond their personal fortunes.
Africa’s largest asset manager buys additional stake worth $67 million in Stephen Saad’s Aspen Pharmacare
With this latest transaction, PIC’s stake in Aspen is now worth nearly a billion dollars—R15.2 billion ($824.24 million).
Sanlam, backed by Patrice Motsepe, partners with Fedhealth to expand affordable healthcare in South Africa
Sanlam partners with Fedhealth to provide integrated healthcare, insurance, and investment solutions, expanding affordable healthcare access to South Africans.
Gus Attridge’s stake in Africa’s largest pharma company drops by $12 million
His 19,188,850 shares are now valued at R3.24 billion ($175.82 million), reflecting the latest decline in Aspen’s stock price.
Zimbabwe’s 10 richest men in 2025
Their influence extends across industries that define the country’s financial pulse: telecommunications, real estate, mining, energy, retail, and finance.
Egyptian tycoon Mohamed Morshedy’s firm buys iconic Fouda Tower for $49.7 million
Morshedy Group is set to redevelop the 50-story Fouda Tower into a luxury mixed-use development featuring high-end residences and a premium hotel.
Abdallah Sallam’s Madinet Masr backs Disney on Ice grand finale in Cairo
The event, celebrating 100 years of Disney magic, reflects Madinet Masr’s commitment to enriching Egypt’s cultural and entertainment scene.
UK-based firm opposes Dominic Sewela-Barloworld’s delisting plan
UK-based investor Silchester rejects $1.24-billion offer, arguing it undervalues the company and lacks sufficient shareholder backing.
Egyptian tycoon Hassan Allam’s group expands agri-portfolio with Jinet Agriculture
As part of this move, Jinet Agriculture has acquired 14,100 feddans in West Minya from the Egyptian Countryside Development Company.
How Patricia Poku Diaby became Ghana’s richest woman and cocoa powerhouse
Poku Diaby’s business success has made her one of Ghana’s most influential figures, with an estimated net worth of over $400 million.
Egyptian businessman Ahmed El-Sewedy’s electric firm launches telecom cables factory
The facility marks a major step in expanding Egypt’s telecom infrastructure and solidifying the country’s position as a regional manufacturing hub.
VC firm backed by Egyptian billionaire Mohamed Mansour closes $50 million fund for African startups
The funding marks a significant step in expanding tech investment across Africa, with a particular focus on Francophone regions and major startup hubs.
Nigeria’s 10 richest businessmen in 2025
From cement and construction to telecoms and finance, Nigeria’s richest businessmen have built empires that extend far beyond the country’s borders.