South African businesswoman Noluthando Gosa-linked ArcelorMittal SA to lay off 3,500 workers
ArcelorMittal SA, linked to Noluthando Gosa, to close its long steel division, risking 3,500 jobs amid rising costs and weak demand.
South African businessman Fred Robertson's Sea Harvest posts $251 million half-year revenue
Sea Harvest’s profit surged 71% to $17.9 million in H1 2025 on higher hake volumes and stronger pricing, with revenue climbing 34% to $251 million.
Ghabbour family’s GB Corp plans $6 million Hyundai facility in Egypt
GB Corp invests $6 million to produce Hyundai cars in Egypt, boosting its role in the $6.15 billion automotive market.
Orascom Construction, owned by Egypt’s richest family, eyes Abu Dhabi listing
Egypt’s Sawiris family-led Orascom Construction shifts primary listing to Abu Dhabi Securities Exchange.
Egyptian tycoon Abdallah Sallam’s Madinet posts $26.4 million profit in H1 2025
Madinet Masr, led by Abdallah Sallam, posted $26.4 million profit in H1 2025, down 11.9%, as rising costs hit margins despite record sales and revenue growth.
GTCO’s CEO Segun Agbaje’s stake is now worth $2.5 million
Segun Agbaje’s stake in GTCO has surged to $2.5 million as shares rally, cementing his standing among Nigeria’s affluent bankers.
Millionaires from 4 nations account for more than half of Africa’s wealthy
Four nations now host more than half of Africa’s 122,500 millionaires, reshaping the continent’s wealth landscape.
South African businessman Mario Maio’s ACDC Dynamics acquires battery firm
South African businessman Mario Maio’s ACDC Dynamics acquires Blue Nova Energy from Reunert to expand lithium-ion battery operations amid easing load-shedding.
Allen Onyema’s Air Peace launches Nigeria’s first direct route to Brazil
Air Peace begins direct Nigeria–Brazil service, boosting trade, tourism, and cultural ties, while cutting travel time by nearly a day.
Nigerian banker Segun Agbaje-led GTCO boosts GTBank's paid up capital to $328 million
GTCO injects $238.5 million into GTBank, boosting paid-up capital to $328.5 million as lender meets new CBN rules and strengthens growth drive.
South African billionaire Johann Rupert-backed poultry giant reports nearly $900 million revenue
Rainbow Chicken, partly owned by Johann Rupert, reported $895.6 million in 2025 revenue, driven by strong chicken sales and tighter operations.
Ackerman family’s Pick ‘n Pay to close Fourways store
Pick ‘n Pay, partly owned by the Ackermans, exits Fourways as Accelerate sells local malls amid debt-reduction and retail restructuring efforts.
Sibanye narrows loss to $211 million in H1 2025 under Neal Froneman
Sibanye Stillwater narrows H1 2025 loss to $211 million under CEO Neal Froneman, showing signs of recovery amid weak metal markets and operational restructuring.
Accelerate Property Fund, partly owned by Michael Georgiou, sells two Gauteng shopping centers
Accelerate Property Fund sells Buzz and Waterford Centers for $12.2 million to reduce debt, improve liquidity.
Nigerian aviation mogul Allen Onyema's Air Peace to build maintenance hub in Lagos
Air Peace, led by Allen Onyema, will build a Lagos MRO hub to boost local aviation and cut overseas maintenance costs.