Baloobhai Patel-backed Sanlam Kenya reports sharp profit decline in first half
Sanlam Kenya, backed by Nairobi investor Baloobhai Patel, reported an 89% profit fall in H1 2025 as rising expenses outweighed investment gains.
U.S.-Nigerian mogul Sam Darwish’s stake in IHS nears $90 million
Sam Darwish’s stake in IHS Towers approaches $90 million as the NYSE-listed telecom company climbs 137% in 2025 on growth in Africa and Brazil.
Cameroon’s richest woman loses cocoa export crown after Cargill split
Kate Fotso’s Telcar Cocoa lost its top spot in Cameroon’s cocoa trade after ending a two-decade partnership with U.S. giant Cargill.
KCB Group, led by Kenyan banker Paul Russo, eyes Ethiopia entry
KCB Group, led by Paul Russo, is eyeing entry into Ethiopia’s newly opened banking sector, weighing acquisitions and foreign ownership exemptions.
Naguib Sawiris overtakes brother Nassef as Egypt’s richest man
Naguib Sawiris’ fortune hits $9.13 billion, edging past brother Nassef’s $9.03 billion in Bloomberg’s latest ranking.
Khalil’s stake in Egypt’s Raya nears $50M as profit climbs 36%
Raya Holding’s profits jumped 36% in the first half of 2025, boosting founder Medhat Khalil’s stake in the Egyptian investment firm to nearly $50 million
South African pharma tycoon Stephen Saad loses $44 million from Aspen stake
Aspen Pharmacare shares slide 33 percent, cutting Stephen Saad’s stake by $44 million amid global pharma pressures.
Malawian billionaire Thom Mpinganjira's FDH Bank posts $34 million profit in H1 2025
FDH Bank’s profit nearly doubles to $35 million on higher interest income and loan growth in the first half of 2025.
Malawian tycoon Vizenge Kumwenda's NICO Holdings stake now worth $34 million
Malawian tycoon Vizenge Kumwenda’s NICO Holdings stake has surged to $34.34 million in 2025 as shares on the Malawi Stock Exchange rally 176.7%.
Palantir CEO Alex Karp’s net worth drops $1.9 billion after peaking at $16.4 billion
Alex Karp’s net worth falls to $14.5 billion after a $1.9 billion drop, even as Palantir reports record revenue and contracts.
Nigerian tycoon Segun Lawson, partners hold $40 million stake in nation’s top gold mine
Riding record profits from its Nigerian mine, Thor Explorations’ stock has soared nearly 270%, boosting the fortune of its founder, Segun Lawson and his Nigerian partners.
South African billionaire Koos Bekker-led Prosus plans stake sales to raise $2 billion
Prosus targets $2 billion from asset sales as CEO Fabricio Bloisi sharpens focus on e-commerce and lifestyle platforms.
South African executive Kenny Fihla drives Absa’s retail and pan-African expansion plans
Kenny Fihla leads Absa’s retail revamp, driving digital banking growth and pan-African expansion with strong first-half 2025 results.
Kenyan banker James Mwangi-led Equity Group posts $267 million half-year profit
Kenyan banker James Mwangi leads Equity Group to a 17% profit rise, posting $267 million with assets reaching $13.9 billion.
Namibian tycoon Knowledge Katti owns stake in Sintana Energy worth $11-million
Katti’s place on Sintana’s board and his multimillion-dollar stake tie him directly to Namibia’s rising oil ambitions.
Egyptian billionaire Yasseen Mansour loses $10 million on Palm Hills stake
Yasseen Mansour loses nearly $10 million from Palm Hills stake as EGX shares drop, highlighting challenges in Egypt’s real estate sector.