Hassan Allam unit to build first international port terminal in Upper Egypt
The move underscores the deepening trade relationship between Egypt and the UAE.
Malawi business tycoon Hitesh Anadkat gains $148.7 million from FMB Capital
This latest surge builds on the strong performance of his stake in 2023, when it increased by MWK178.2 billion ($105.88 million).
Amsons Group acquires $70 million stake in Bamburi Cement, eyes full buyout
The move is part of Amsons’ strategy to consolidate its presence in East Africa’s construction sector.
Barry Stuhler gains $4.85 million as Lighthouse Properties’ stock climbs on JSE
With 95,369,273 shares in the Malta-based property firm, Stuhler’s stake has risen by $4.85 million since the start of the year.
CI Capital exits $23.6 million investment in Taaleem Management services
The divestment yielded an impressive four times return on invested equity, with an Internal Rate of Return (IRR) of approximately 50 percent.
South Africa’s Jonathan Jawno loses $32.8 million from Transaction Capital stake
His 14.09 percent stake in the company has declined in value by over $30 million, reflecting the steep decline in the company’s stock price.
Meet Jane Karuku: Top executive leading Kenya’s $1 billion brewery giant
Karuku champions innovation and sustainability, advocating for gender diversity and youth empowerment in East Africa's corporate landscape.
BUA launches 2,400-ton gypsum plaster production facility in Nigeria
The state-of-the-art plant underscores BUA Group’s growing influence in Africa’s industrial and manufacturing sectors.
Chappal mulls selling Equity after $860 million TotalEnergies transaction
Chappal Energies seeks new investors to fund expansion following significant acquisitions in Nigeria.
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.