South African businessman Barry Swartzberg’s Discovery stake rebounds by $20 million
The surge cements Swartzberg’s position as one of South Africa’s richest investors and a key player on the JSE.
Egyptian steel tycoon Ahmed Ezz makes over $37 million from Ezz steel stake
With an output surpassing 5 million metric tonnes each year, Ezz Steel continues to outperform regional rivals like Saudi Arabia's Hadeed and Emirates Steel.
South African tycoon Steven Herring-led Heriot REIT, raises stake in JSE-listed Texton to $15.4 million
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Heriot REIT.
Ethiopia's richest man adds $552 million to his net worth in 2025 after last year's loss
His net worth now stands at $9.4 billion, reinforcing his status among the world’s wealthiest individuals.
Egyptian real estate tycoon Abdallah Sallam's Madinet Masr hits $911 million in 2024 contract sales
Madinet Masr posts record $910.5 million sales in 2024, driven by strategic expansion and strong market demand, reinforcing its leadership in Egypt’s real estate sector.
Forbes ranks Dangote as Africa’s richest man again as his $20 billion refinery shakes up global oil markets
Forbes’ latest valuation narrows the gap with Bloomberg’s estimate, though a discrepancy remains.
South Africa’s richest man Johann Rupert’s net worth hits $17 billion
Rupert owns a 10.18 percent equity stake in Richemont and controls 51 percent of its voting rights through 6.26 million “A” shares and 522 million “B” shares.
Mauritian executive Aisha Timol leads Cim Group to $5.6 million profit in Q1 2025
Profit after tax grew by 13.6 percent, increasing from $4.97 million in the same period last year to $5.65 million.
Africa’s richest man Aliko Dangote plans $400 million cement expansion in Ethiopia
The move is expected to double the facility’s annual capacity to 5 million tonnes, strengthening Dangote Cement Plc’s position as Africa’s leading cement manufacturer.
Malawian banker Noel Mkulichi leads FDH Bank to $1.25 billion valuation
With over two decades of experience in financial regulation and banking, Mkulichi has shaped Malawi’s financial sector.
One of America’s richest Black CEOs sees $46.7 million drop in Eaton stake
Over the past 23 days, the market value of his holdings has dropped by $44.86 million as investors pulled back from the stock.
South African executive Duncan Wanblad-led Anglo American announces internal restructure as demerger advances
The internal restructuring consolidates control under AAI while keeping Anglo American’s overall ownership unchanged.
Mauritian businessman Arnaud Dalais-led CIEL sees half-year profit slump below $50 million
While revenue edged higher, the group’s profit took a hit, weighed down by new tax levies and weaker contributions from its agro business.
Nigerian gambling magnate Kessington Adebutu stake in Wema Bank rebounds above $47 million
In the past three weeks, the value of his stake has risen by $5.23 million, recovering from a sharp decline earlier this year.
Aliko Dangote’s fortune rebounds: Africa’s richest man nears $30 billion
A surge in the market value of his stake in Dangote Cement, Africa’s largest cement maker, has added $800 million to his wealth in just three day.
South African banker Sim Tshabalala-led Standard Bank, raises stake in JSE-listed Trencor to $4.2 million
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Stand Bank.