Nigerian gambling magnate Kessington Adebutu’s Wema Bank stake tops $50 million
Adebutu, who founded Premier Lotto, owns a 28.26 percent stake in Wema Bank through Neemtree Limited, amounting to 6,057,090,218 shares.
Mike Adenuga exports new Nigerian crude grade to international market
The Obodo blend is a medium sweet crude extracted from the onshore OML 150 block, operated by Continental Oil & Gas Limited, one of Conoil Producing’s units.
South African billionaire Michiel le Roux's Capitec Bank stake nears $2.5 billion
Michiel le Roux’s Capitec stake nears $2.5 billion after a strong share price rally on the Johannesburg Stock Exchange.
Ugandan tycoon Charles Mbire's stake in MTN Uganda nears $70 million
Over the past 51 days, the value of his shares has jumped by Ush17.91 billion (around $4.89 million) as renewed optimism lifts MTN Uganda’s stock price.
Black executive Marvin Ellison gains $9.2 million from Lowe’s shares
Marvin Ellison’s stake in Lowe’s rose by $9.2 million as shares rebounded 5.78% over 17 trading days.
Hassan Allam’s firm obtains $55 million Islamic loan for Cairo project
The National Bank of Egypt, Suez Canal Bank, ADCB, IDB, and SAIB served as underwriters for the $55 million Islamic loan.
ORA Developers, led by Naguib Sawiris, begins Al-Wardi City project in Iraq
Ora Developers, led by billionaire Naguib Sawiris, has broken ground on Iraq’s Al-Wardi City, a major eco-focused housing and smart city project near Baghdad.
Ahmed Wadi’s Money Fellows raises $13 million to expand beyond Egypt
This brings the Cairo-based fintech startup's total funding to just over $60 million.
IHS stake of U.S.-Nigerian telecom executive Sam Darwish tops $60 million
This is linked to an increase in IHS Holding’s share price on the New York Stock Exchange (NYSE), driven by renewed investor confidence.
Kenya gets $20 million from World’s richest investor after Trump's grant cuts
The donation, part of the external funding for Kenya’s 2025/26 budget, marks another significant philanthropic effort by the 94-year-old billionaire.
Moroccan real estate mogul Alami Lazraq's ADI stake hits $610 million
Alami Lazraq’s stake in ADI rises to $610 million, fueled by a nearly 8% surge in shares over 25 days.
Mounir Nakhla’s MNT-Halan raises $49 million to boost lending in Egypt
MNT-Halan raises EGP 2.5 billion ($49.4 million) in bonds to expand its Egyptian loan book and fuel growth.
Jaswant Rai wins 30-year lease to operate troubled Kenyan sugar factory
Kenyan businessman wins 30-year lease to operate Nzoia Sugar Factory, advancing Kenya’s privatization drive to revive its struggling sugar sector.
Charles Molapisi leads MTN South Africa's affordable smartphone rollout
Charles Molapisi is leading MTN South Africa’s rollout of affordable smartphones to help bridge the digital divide and expand access to 4G and 5G networks.
Ladi Balogun leads FCMB to $157 million gross earnings in Q1 2025
FCMB Group, led by Ladi Balogun, reported strong Q1 2025 results with gross earnings of $157 million, solidifying its position among Nigeria’s top financial institutions.
Sulaiman Adebola Adegunwa’s Rite Foods slams $1 million lawsuit on rival
Rite Foods sues Mamuda Beverages for $1 million, accusing the company of copying its Fearless Energy Drinks’ design and infringing on its trademark.