Safaricom plans to insure millions of mobile users to increase revenue
Safaricom’s entry into mobile phone insurance is part of its ongoing efforts to expand financial services across East Africa.
Holcim sells $100 million stake in Bamburi Cement to Tanzania’s Amsons Group
The move follows Amsons’ earlier purchase of an 18 percent stake in Bamburi Cement for $70 million after receiving regulatory approval.
Abdul Samad Rabiu faces $1.6 billion loss in BUA Cement as naira weakens
This underscores Nigerian investors' broader financial challenges amid currency volatility and economic uncertainty.
Naira devaluation cuts $72.4 million from Jim Ovia's Zenith Bank stake
The devaluation of the Naira has eroded nominal gains, reflecting the impact of currency depreciation on wealth accumulation.
Tony Elumelu faces $18 million loss in UBA stake
This highlights the challenges posed by Nigeria’s volatile currency on shareholder wealth.
Suresh Bhagwanji Shah’s stake in I&M Group gains $23 million year-to-date
This strategic move brings together two powerhouse entities and marks a significant step toward consolidating Black-led financial influence.
Jay-Z’s Marcy Ventures joins forces with Pendulum Holdings' investment arm
This strategic move brings together two powerhouse entities and marks a significant step toward consolidating Black-led financial influence.
Koos Bekker-linked family trust offloads $162 million in Prosus stock
This highlights Bekker’s approach to blending technology investments with high-end real estate, showcasing his commitment to diversified growth.
Aradel-backed consortium gets approval for $2.4 billion Shell deal
The transaction has been designed to preserve SPDC’s operational integrity post-acquisition.
South African billionaire Ivan Glasenberg loses $1.9 billion on Glencore stake
Glencore's share price slump wipes out $1.9 billion from Ivan Glasenberg's stake.
Clicks Group, led by Bertina Engelbrecht, attracts $31.5 million JP Morgan bet
The financial giant acquired additional shares worth $31.48 million, increasing its stake by 0.56 percentage points to 5.96 percent.
Moroccan tycoon Anas Sefrioui gains over half a billion dollars from ADH stake
This surge reflects growing investor confidence in ADH, cementing Sefrioui's position among the wealthiest investors on the Casablanca bourse.
Palantir secures $618.9 million deal to extend U.S. Army Vantage partnership
This builds on Palantir’s ongoing role in modernizing the Army’s data infrastructure to drive operational efficiency.
Strive Masiyiwa's Cassava raises $310 million for growth, restructuring
Funding supports debt refinancing, restructuring, and expansion across Africa and globally, solidifying its position as a technology leader.
Sibanye gets $500 million upfront in streaming deal with Franco-Nevada
In exchange for gold and platinum streams from its Marikana, Kroondal, and Rustenburg operations, Sibanye receives a $500 million upfront payment.
Sadek El-Sewedy gains $405 million from Elsewedy Electric despite currency devaluation
Sadek El-Sewedy’s stake could have seen a higher growth of $633.88 million if not for the 39.16 percent devaluation of the Egyptian pound.