Moroccan billionaire Alami Lazraq gains $78 million from ADI shares
This is a reversal from early May when ADI came under pressure. Between May 6 and May 22, Lazraq’s stake lost MAD570.53 million ($61.78 million) in market value.
Burkinabe tycoon Idrissa Nassa’s Coris Bank gets $34 million to expand SME lending in Côte d’Ivoire
Coris Bank secures $34.3 million loan from Proparco to expand SME lending in Côte d’Ivoire and grow its $9 billion footprint across West and Central Africa.
Africa’s newest billionaire Zak Calisto gains $115 million from Karooooo’s stake
Zak Calisto’s Karooooo stake rises to $1.17 billion, gaining $115 million as SaaS growth drives revenue and user expansion across 23 countries.
South African billionaire Johann Rupert’s net worth drops below $17 billion
Johann Rupert’s net worth falls $800 million to $16.3 billion amid Richemont’s 6.5% share decline despite strong global jewelry sales.
Why Tony Elumelu is betting big on UBA with a stake worth over $80 million
In Elumelu’s world, control is currency, and UBA is the crown jewel he’s determined to protect.
Ghanaian businessman Joseph Siaw Agyepong signs deal to close dumpsites in Lagos
Joseph Agyepong partners with Lagos to transform waste management, build recycling facilities, create 5,000 jobs, and shift from landfills to resource recovery.
Fidson stake held by Nigerian tycoon Fidelis Ayebae rises by $2.4 million
Over the past 30 days, his stake has surged by N3.8 billion ($2.4 million), propelling the market value of his stake above $13 million.
Bill Gates to direct most of $200 billion pledge toward Africa’s future
His focus: supporting governments that put people’s health and wellbeing at the heart of their agendas.
Nigerian gambling magnate's secret $4.3 million stake in foam manufacturer
Kessington Adebutu’s investment in Vitafoam and Wema Bank highlights his strategic wealth-building beyond Nigeria’s lottery empire, Premier Lotto.
Mike Adenuga’s Globacom expands network to community near Nigeria’s capital
Glo expands mobile network to rural Kura near Abuja, connecting 12,000 residents with LTE, public WiFi for schools, clinics, and businesses.
South Africa’s Saltzman family sees $28.6 million gain from Dis-Chem shares
This increase highlights the family's position as one of South Africa’s wealthiest.
Khaled Mahmoud’s MM Group signs deal with Tata Motors to grow auto segment in Egypt
Indian automaker, Tata Motors, is known globally for producing reliable and versatile vehicles suited to various transport and logistics needs.
Vista, led by billionaire Robert F. Smith, to acquire Acumatica in nearly $2 billion deal
Vista Equity to acquire Acumatica in $2B deal, boosting AI-driven ERP growth for mid-sized businesses with strategic support from Robert F. Smith.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rebounds above $1 billion
Hisham Talaat Moustafa’s TMG stake rebounds above $1 billion amid strong EGX rally and plans for $4.7 billion Oman expansion.
Emmanuel Katongole’s QCIL gets $36 million for new pharma plant in Uganda
Uganda’s QCIL gets $36 million Stanbic loan for second pharma plant, aims to scale drug output and locally manufacture TB treatments for regional markets.
From Boom to Bust: Malawi’s richest man loses $270 million in 3 months
FMB Capital’s stock dips 30%, slashing Hitesh Anadkat’s stake by $274 million. Yet, investors stay confident in the regional banking powerhouse.