Kanye West’s Skims stake soars to $250 million after $5 billion valuation
Kanye West’s 5 percent stake in Skims climbs to $250 million after the brand hits a $5 billion valuation.
South African executive Thabo Mabe takes top job at Dangote Sugar Refinery
South African executive Thabo Mabe is set to lead Dangote Sugar, driving $700 million expansion and growth at the sugar producer.
South African executive Gus Attridge loses $10 million as Aspen shares fall
South African pharma leader Gus Attridge sees a $10.7 million drop in his Aspen stake as the drugmaker’s shares slide and investor concerns deepen in 2025.
Egyptian billionaire Naguib Sawiris cuts London penthouse price by $13.2 million
Sawiris lowers London penthouse price to $92.2 million as UK luxury market struggles and wealthy investors reconsider holdings.
UK firm seeks 40 percent of $40.7 million settlement from ‘Please Call Me’ inventor Nkosana Makate
Nkosana Makate faces a new court battle as UK company seeks $16.2 million of his $40.7 million Vodacom settlement.
Ethiopia’s richest man Mohammed Al-Amoudi sees wealth rebound past $8.1 billion
Mohammed Al-Amoudi’s net worth rebounds to more than $8.1 billion after a $2.42 billion gain tied to his stake in Preem.
Tanzanian billionaire Rostam Aziz cleared to build $124 million Mombasa LPG terminal
Kenya clears Rostam Aziz’s $124 million LPG terminal, paving the way for construction and new competition in Mombasa’s energy market.
Nigerian banker Jim Ovia’s Zenith Bank eyes Kenyan bank after $230 million raise
Nigerian banker Jim Ovia’s Zenith Bank plans to acquire Kenya’s Paramount Bank after raising $230 million for regional expansion.
South African executive Fraser-Moleketi drives Tiger Brands’ $76 million Chococam exit
Tiger Brands, chaired by Geraldine Fraser-Moleketi, sells its 74.69% stake in Cameroon’s Chococam for $76 million, part of its global portfolio restructuring.
iFood, backed by Koos Bekker-led Prosus, buys Advolve to boost ads growth
iFood acquires Advolve to accelerate its ads growth and strengthen Prosus’s retail-media expansion.
Kenyan businessman Paul Ndung’u challenges SportPesa trademark transfer in new court fight
Paul Ndung’u returns to court, challenging the transfer of the SportPesa trademark and accusing former partners of arranging a fraudulent deal.
IFC proposes $15 million loan to Ayodele Aderinwale’s Justrite to accelerate expansion
IFC is considering a $15 million loan to Justrite to fund 25 new stores, boosting the Nigerian retailer’s nationwide expansion and supply-chain capacity.
Egyptian billionaire Yasseen Mansour’s Palm Hills stake tops $50 million again
Yasseen Mansour’s Palm Hills stake rises above $50 million as renewed demand on the EGX lifts the real estate developer’s share value.
Jim Ovia, Nigeria’s richest banker, gains $37 million from Zenith Bank stake
Jim Ovia adds $37.2 million to his Zenith Bank stake as the lender’s shares surge on the NGX.
South African tycoon Barry Swartzberg’s Discovery stake rises by $18.5 million
Barry Swartzberg’s stake in Discovery Limited rises by $18.5 million as shares gain 5.57% on the JSE, signaling renewed investor confidence in 2025.
Kenyan tycoon Gideon Muriuki-led Co-op Bank to pay $45 million interim dividend
Co-op Bank, led by CEO Gideon Muriuki, plans a $45.4 million interim dividend after stronger nine-month earnings and rising assets across its network.