Adrian Gore’s stake in Discovery tops $500 million
Adrian Gore, one of South Africa’s most affluent executives, owns a 7.19-percent stake in Discovery.
AXIAN Energy expands solar power network in Senegal with $89-million deal
The financing will support the construction of the region's largest battery storage system alongside a photovoltaic array.
TFG takes on Shein, Amazon with faster delivery in South Africa
TFG aims to slash delivery times, setting itself apart from rivals whose shipments to South Africa often stretch to 10 days.
Masiyiwa’s Liquid extends partnership with Western Cape Government in $111-million deal
Liquid aims to improve internet access, supporting mobile learning, job creation, and entrepreneurship.
TAQA Arabia reports $266-million revenue in first nine months of 2024
TAQA Arabia's revenue surged to $266 million in the nine months of 2024, up from $198.3 million during the same period in 2023.
Fidelis Ayebae’s stake in Fidson Healthcare falls to under $7 million
Fidson Healthcare founder, Fidelis Ayebae, sees major stake decline, but holds firm in pharma industry.
Shoprite Nigeria expands, opens new outlet in Benin City
This new store reinforces the company's strategic growth in Nigeria.
Giovanni Ravazzotti’s stake in Italtile nears $570 million as shares surge
Italtile’s market surge boosts Ravazzotti’s net worth by $24.82 million in just 15 days.
MDaaS begins Francophone expansion with new office in Cameroon’s largest city
This is part of the company’s strategy to broaden its presence beyond Nigeria to meet increasing healthcare demands across the continent.
Equity Group's nine-month profit rises 13 percent to $317 million
Regional subsidiaries contributed 49.78 percent of the earnings, reflecting the group's successful regional diversification strategy.
Morocco’s royal family’s stake in Attijariwafa Bank gains $1.08 billion in 2024
This highlights Attijariwafa Bank’s position as a leading North African financial institution and the royal family’s key role in the region’s economy.
Margins Developments launches $304-million residential resort in Cairo
The 35-feddan project marks the developer’s entry into luxury residential and hospitality.
Khamis family loses over $44 million from Oriental Weavers stake
This decline reversed a $17.05 million gain for the Khamis family between October 9 and 15.
Vodacom posts $4.1-billion revenue in H1 2024
Despite this growth, profitability faced challenges due to currency fluctuations in key markets such as Egypt and Ethiopia, which put pressure on service revenue.
Sibanye-Stillwater secures wage deal with South African gold workers
The deal, announced on Monday, concludes negotiations that began on July 1, 2024, with labor unions representing workers at the Beatrix, Driefontein, and Kloof mines.
Madinet Masr’s net profit reaches $52 million as new projects fuel growth
Net profit rose by 88.9 percent, exceeding $50 million, as contracted sales more than doubled and revenue surged 62.9 percent.