Sam Darwish’s IHS to sell Rwandan tower assets for $274 million
IHS Holding divests its 1,465 Rwandan towers to Paradigm Tower Ventures for $274.5 million, refocusing on core markets amid global portfolio reshuffle.
Egyptian billionaire Yasseen Mansour’s Palm Hills signs deal for real estate project in UAE
Palm Hills expands beyond Egypt with a major Abu Dhabi project near Saadiyat Island, boosting Gulf presence amid record-breaking Q1 2025 sales.
South African tycoon Stephen Saad's Aspen opens regional headquarters in Saudi Arabia
Aspen’s investment comes amid a broader push to localize manufacturing, enhance drug supply chains, and develop regional talent.
Legal dispute threatens Tanzanian billionaire Rostam Aziz’s Mombasa LPG project
Rostam Aziz’s Mombasa LPG project faces court challenge over alleged environmental harm, coral disruption, and lack of community consultation.
Egyptian businessman Ahmed El-Sewedy gains $36 million from company shares
Elsewedy Electric’s shares rise 4.12% in 2025, boosting Ahmed El-Sewedy’s stake amid Egypt’s energy infrastructure and green projects growth.
Barloworld, led by Dominic Sewela, extends probe into Russian operations
Barloworld prolongs Russia probe through Sept. 2025 amid sanctions pressure, falling revenue, and possible delisting via Zahid Group-backed buyout.
Moroccan billionaire Anas Sefrioui’s stake in Addoha falls below $1 billion
Sefrioui, founder and majority shareholder of Addoha, holds a 64.78 percent stake—equivalent to 260.8 million shares in the Casablanca-based real estate group.
Neal Froneman-led Sibanye rescues 260 workers trapped in South Africa mine
The miners were stranded Thursday after a skip door on a rock winder opened unexpectedly at Level 39, disrupting access to lower levels.
Pick n Pay, backed by Ackerman family, posts $6.8 billion revenue in 2025
Pick n Pay, partly owned by the Ackerman family, posted $6.8 billion revenue in 2025 as Boxer growth and recapitalization drove a sharp cut in losses.
Egyptian billionaire Hassan Allam signs deal to revive Alexandria Tram Line
The contract, awarded by the National Authority for Tunnels (NAT), marks a pivotal push to modernize urban transport in Egypt’s second-largest city.
Kenyan businessman Julius Mwale cleared as U.S. court dismisses $1.7 million lawsuit
The court upheld a 2023 loan modification and release agreement barring future claims, ending disputes over alleged business loan issues linked to MMTC.
Egyptian billionaire Yasseen Mansour makes $4 million from Palm Hills
Over the past 15 days, the company’s stock has risen by 9.64 percent, boosting Mansour’s stake from $43.15 million to $47.31 million.
Suresh Bhagwanji Shah’s I&M acquires prime commercial building in Tanzania
The property, now known as I&M House@1046, will serve as the new Tanzanian headquarters for the Nairobi-listed lender and host one of its flagship branches.
South African executive Simon Baloyi-led Sasol wins $241 million Transnet payout
The payment resolves all pending litigation between the two state-backed firms, according to a Sens announcement issued after the market closed on Friday.
Ghabbour family, among Egypt’s richest, loses $17 million on GB Corp shares
This recent downturn has erased the gains made between April 9 and May 4, when their holdings surged by $23.48 million during a brief market rally.
Hani Berzi’s Edita Food Industries launches premium frozen bakery line
Edita launches a premium frozen bakery line for Egypt’s food service sector, targeting cafés, hotels, and restaurants with ready-to-bake pastry solutions.