Egyptian businessman Hani Berzi loses $4 million as Edita shares fall
The decline marks another blow for Berzi, who chairs the Cairo-based snack maker and owns a 44.07-percent controlling stake.
Hassanein Hiridjee’s AXIAN Telecom sees promise in Africa’s digital economy with $35 million Jumia stake
With Jumia’s market capitalization approaching $400 million, AXIAN’s growing interest underscores its faith in the platform’s renewed business focus.
Elon Musk's SpaceX to invest $28 million to expand Starlink in South Africa
The proposed investment aims to provide free high-speed broadband connectivity to 5,000 rural schools, reaching 2.4 million children nationwide.
South African billionaire Christo Wiese’s Shoprite stake falls below $1 billion
This reflects renewed pressure on South African retail stocks as investor confidence continues to waver on the Johannesburg Stock Exchange (JSE).
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.
Eswatini’s richest man Natie Kirsh loses $300 million
Natie Kirsh’s fortune drops by $300 million, trimming his 2025 year-to-date gains to $774 million after a recent two-month surge.
Patrice Motsepe’s ARM hedges part of $1.1 billion Harmony Gold stake
Although ARM remains a committed long-term investor in Harmony Gold, the company has taken steps to improve liquidity.
Access Holdings, led by Aigboje Aig-Imoukhuede, takes over Gambian bank
Access Holdings, led by Aigboje Aig-Imoukhuede, has acquired Standard Chartered Bank Gambia, ending the British bank’s 130-year presence in the country.
Aliko Dangote's refinery to begin nationwide fuel distribution in August
It is ready to deploy 4,000 new Compressed Natural Gas (CNG)-powered tankers to enhance last-mile delivery and fuel accessibility across Nigeria.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, eyes Saudi expansion
Madinet Masr signs MoU with Waheej to co-develop real estate projects in Saudi Arabia, marking a key move in its regional growth strategy.
South African real estate mogul Michael Georgiou’s firm enters business rescue
Court questions UK capital promise; billions owed to banks.
Indimi sons back father in explosive $435 million oil battle with sisters
Indimi family feud escalates as sons side with father in $435 million Oriental Energy oil dividend dispute against sisters Ameena and Zara.
South African exec. Gary Nagle-led Glencore halts some cobalt deliveries after Congo ban
Despite the disruption, many Glencore customers are still receiving deliveries under existing agreements.
British-Nigerian entrepreneur Ladi Delano's Moove eyes unicorn status
The fresh capital comes on the heels of Moove’s $100 million raise in 2024 at a $750 million valuation.
Ninety One set to absorb UK asset management unit of Patrice Motsepe's backed Sanlam
The partnership aims to combine Ninety One’s investment expertise with Sanlam’s distribution network to improve operational scale and client outcomes.
Ghabbour family, among Egypt’s richest, gains $40 million on GB Corp shares
The Cairo-based automaker is still largely steered by the Ghabbour family, who remain deeply involved in shaping its future.