Mohammed Elsewedy’s fortune up $293 million amid devaluation of Egyptian pound
This highlights his resilience in navigating one of Egypt’s most challenging economic years.
Sanari Capital $80 million to scale African tech businesses
The fund focuses on businesses that capitalize on technology, innovation, and emerging sector trends, positioning itself as a key player in the continent's economic growth.
Patrice Motsepe’s Tyme Group, valued at $1.5 billion after $250 million raise
Tyme Group has raised $250 million in its latest funding round, boosting its valuation to $1.5 billion and positioning it among Africa’s few unicorns.
Egypt’s wealthy Khamis family stake in Oriental Weavers declines by $17.1 million
The market value of their stake in Oriental Weavers has dropped by more than $17 million, due to the sharp devaluation of the Egyptian pound.
Hassan Allam Construction to lead key projects on Abu Dhabi’s Ramhan Island
This win not only reinforces the company’s footprint in the UAE but also highlights its growing presence in the Middle East’s competitive construction sector.
Mpumi Zikalala: South African executive leading $6.3-billion iron ore producer
Zikalala champions diversity and inclusivity in mining, advocating for gender equity and supporting opportunities for women in leadership roles.
Refinery owned by Africa’s richest man exports petrol to South Africa, three other nations
Dangote Oil Refinery exports petrol to Cameroon, Angola, Ghana, and South Africa, a key milestone in reshaping Africa’s fuel market.
South African Saltzman family sees $90 million gain from Dis-Chem shares
This not only cements the Saltzman family’s status among South Africa’s wealthiest but also underscores Dis-Chem’s strong market performance.
NFL reaffirms partnership with Roc Nation amid allegations against Jay-Z
While the allegations have cast a shadow over Jay-Z, Roc Nation’s NFL partnership appears unaffected.
Absa seals $300-million green syndicated loan deal
The syndicated loan, Absa’s first, signals a significant step in the bank’s commitment to sustainable investments.
Barry Swartzberg’s Discovery stake yields $83 million so far this year
The value of his stake has climbed by R1.41 billion ($83.5 million) since the start of the year, reflecting the stock's robust rally.
MTN Nigeria raises $46.6 million from commercial paper issuance
The issuance forms part of the company’s N250-billion ($151.9 million) commercial paper program.
Yasseen Mansour's Palm Hills stake gains $14 million despite Egyptian pound devaluation
The Egyptian billionaire’s stake could have grown by as much as $41.9 million if not for the devaluation of the Egyptian pound against the U.S. dollar.
Sanlam Kenya shareholders approve $25.1 million rights issue to boost capital
This move aligns with the company’s broader strategy to improve its financial standing and long-term stability.
Ghabbour family gains $29.2 million from GB Corp stake surge
This builds on the $56 million the family gained in 2023.
Bidvest to sell banking business to Access Bank for $157.2 million
Bidvest Group to sell its stake in Bidvest Bank Holdings to Access Bank for $157.2 million as part of its financial services simplification strategy.