Aga Khan IV, spiritual leader and business visionary, dies at 88
Aga Khan’s investments shaped East Africa’s media, banking, and hospitality sectors.
South African tycoon Christopher Seabrooke’s stake in Sabvest drops by $6 million
The decline comes as investors on the Johannesburg Stock Exchange (JSE) take profits and adjust their portfolios.
Egypt’s richest man loses $220 million in one week
Despite recent setback, Sawiris' wealth is up by $261 million YTD, driven by early 2025 gains and strong performance in his diverse portfolio.
Egyptian business executive Dalia Khorshid drives Beltone to record $143 million revenue in 2024
The strong results reinforced its position as one of the fastest-growing financial institutions in the Middle East and North Africa (MENA) region.
South African tech mogul Jens Montanana buys Datatec shares worth $4.25 million
The move cements his position among the company’s top shareholders and reflects confidence in its future.
South African billionaire Douw Steyn passes away at 72
Douw Steyn, founder of Steyn City and owner of Saxon Hotel, dies at 72 after battling ongoing health issues.
Anglo American plans spin-off, 12 years after Oppenheimer family’s $5.2 billion De Beers exit
Anglo American plans to spin off De Beers by end of 2025, part of broader strategy to focus on high-growth commodities.
Egypt's wealthy Khamis family’s stake in Oriental Weavers rises $13.5 million
This turnaround comes after a strong rally in the company’s shares in recent weeks.
U.S. third-richest Black person Alex Karp’s Palantir delivers $2.9 billion revenue in 2024
Revenue for the twelve months of 2024 climbed to $2.87 billion, up from $2.23 billion in the prior year period.
Oil billionaire Indimi addresses $435 million dividend feud, says he bought daughters’ stakes for $10 million
He has also denied their accusations of intimidation, insisting they were not pressured into transferring their shares.
Nigerian billionaire Femi Otedola's net worth soars by $100 million to $1.7 billion amid naira's recovery
His $100 million gain comes after an impressive 2024, during which his net worth grew by $600 million
Hitesh Anadkat, one of Malawi's richest, sees FMB Capital stake surpass $410 million
Since the start of 2025, Anadkat’s 45.32 percent stake, which consists of 1,114,195,155 shares, has grown by $54.26 million.
Vodacom, led by South African exec. Shameel Joosub, extends deadline for $790 million Maziv deal
The deal, first disclosed on Nov. 10, 2021, has encountered multiple regulatory and transactional hurdles, leading to repeated extensions.
Moroccan royal family’s bank holdings soar above $6.2 billion—what this means for their influence
As the value of the royal family’s stake continues to rise, so does its influence in the country’s financial sector.
Nigerian President Bola Tinubu’s nephew leads oil company to $2.7 billion revenue in 2024
This was driven by higher crude oil volumes, rising gas prices, and favorable exchange rate translations.
Africa’s richest man Aliko Dangote’s refinery cuts petrol price by 6 percent
The decision follows favorable shifts in the global energy market and a notable drop in international crude oil prices.