Mike Adenuga exports new Nigerian crude grade to international market
The Obodo blend is a medium sweet crude extracted from the onshore OML 150 block, operated by Continental Oil & Gas Limited, one of Conoil Producing’s units.
Electric giant led by Egypt's El-Sewedy family inks $274.7 million Qatar contract
Elsewedy Electric signs a $274.7 million Qatar deal to supply and install 132kV power cables, advancing Kahramaa’s grid and Qatar’s infrastructure goals.
South African banker Alan Pullinger gains $3.9 million from FirstRand stake
Pullinger, one of South Africa’s most respected banking executives, owns a 0.13-percent stake in FirstRand, equal to about 7.08 million shares.
Adegbite Falade-led Aradel commits $20 million to Chappal Energies acquisition
The move is part of a broader plan to diversify its operations and build a stronger presence in Nigeria’s energy sector.
Charles Russon-led Absa secures $75 million to boost climate projects
Absa Bank Mauritius secures $75 million from France’s Proparco to back solar, waste, and green building projects aligned with Africa’s climate goals.
South African billionaire Michiel le Roux's Capitec Bank stake nears $2.5 billion
Michiel le Roux’s Capitec stake nears $2.5 billion after a strong share price rally on the Johannesburg Stock Exchange.
Norman Moyo-led Grid Africa, seals fresh deal to boost energy access in Africa
This collaboration aims to address the pressing energy deficit in Sub-Saharan Africa, where many nations struggle to meet escalating power demands.
Yasseen Mansour's Palm Hills books $1 billion in Q1 sales
Palm Hills, chaired by Yasseen Mansour, kicked off 2025 with $1 billion in Q1 sales, up 148%, driven by booming demand in New Cairo, Badya, and Alexandria.
Stephen Saad raises Aspen stake by $5.6 million amid stock slump
Stephen Saad invests $5.6 million more in Aspen amid its biggest stock slump in two decades, signaling confidence in the company’s long-term outlook.
Ugandan tycoon Charles Mbire's stake in MTN Uganda nears $70 million
Over the past 51 days, the value of his shares has jumped by Ush17.91 billion (around $4.89 million) as renewed optimism lifts MTN Uganda’s stock price.
Preem, formerly owned by Mohammed Al-Amoudi, posts $3.29 billion in Q1 sales
Preem's Q1 2025 sales dropped 8.3% to $3.29 billion, with weaker margins and downtime impacting profits.
Black executive Marvin Ellison gains $9.2 million from Lowe’s shares
Marvin Ellison’s stake in Lowe’s rose by $9.2 million as shares rebounded 5.78% over 17 trading days.
Hisham Talaat Moustafa leads TMG to $3.2 billion in 2025 sales year-to-date
Cumulative real estate sales have now surpassed EGP1 trillion ($19.76 billion), cementing TMG’s place as Egypt’s most successful property developer.
Jay-Z alleges $200 million loss from assault claim, net worth holds at $2.5 billion
Despite maintaining a $2.5 billion net worth, Jay-Z says the accusations have severely damaged his business empire, especially his entertainment company, Roc Nation.
Hassan Allam’s firm obtains $55 million Islamic loan for Cairo project
The National Bank of Egypt, Suez Canal Bank, ADCB, IDB, and SAIB served as underwriters for the $55 million Islamic loan.
ORA Developers, led by Naguib Sawiris, begins Al-Wardi City project in Iraq
Ora Developers, led by billionaire Naguib Sawiris, has broken ground on Iraq’s Al-Wardi City, a major eco-focused housing and smart city project near Baghdad.