South African billionaire Jannie Mouton’s Capitec stake drops below $1 billion
This marks a reversal after his stake surged by over $300 million in 2024, reaching a peak valuation of $1 billion by the end of the year.
Mansa IP, co-founded by Senegal-based executives, aims to raise $300 million for African development in 2025
This is part of a larger $1.2 billion initiative to advance infrastructure development across the continent.
Life Healthcare to sell stake in Life Molecular Imaging to U.S. firm for $350 million
South African healthcare provider led by Victor Litlhakanyane to sell its stake in Life Molecular Imaging to U.S.-based Lantheus Holdings for R6.48 billion ($350 million).
Egyptian entrepreneur Omar Khairy confirms RIGA’s acquisition of new projects, investments in East Africa
This underscores the group's strategic shift to capitalize on the region's untapped opportunities and resources.
South African tech mogul Zak Calisto gains $45 million from Karooooo shares in early 2025
The latest increase extends the market value of his stake to nearly $950 million.
Nigerian court orders banks to freeze accounts of Arise TV founder over $718 million debt
The injunction, stemming from an alleged $718 million debt owed to First Bank of Nigeria, also freezes their assets within the court's jurisdiction.
MTN shares earn Ugandan executive $2.4 million in first 10 days of 2025
Ugandan executive Charles Mbire's MTN Uganda stake adds $2.4 million, reaching a record-high valuation of nearly $70 million.
Refinery owned by Africa’s richest person to add new tanks for crude oil imports
Dangote Refinery is boosting storage capacity by 41.67%, adding 6.3 million barrels to ensure a stable imported crude oil supply.
Egypt’s Hassan Allam Holding secures $703.6 million financing for Suez Wind Farm
The $703.6 million financing package was provided by a consortium of financial institutions.
South African billionaire loses $112 million as US targets Tencent in Chinese military blacklist
His 0.76% stake in Prosus dropped $73 million, while his 0.93% stake in Naspers lost $39.6 million.
Nassef, Samih, and Naguib Sawiris to get $13.3 million from Orascom Construction
The payout comes as the company reaffirms its commitment to its shareholders amid economic pressures.
Kanye West reignites dispute with Adidas after $1.6 billion blow
West, also known as Ye, accused Adidas of “design theft and oppression” in a fiery Instagram post, signaling a potential new chapter in their contentious relationship.
Egypt’s richest person considers UK exit over tax changes under Labour Government
This potential move follows his earlier decision to relocate his family office to Abu Dhabi, the capital of the United Arab Emirates (UAE), in December 2023.
Kenya’s satellite communication push challenges Starlink, other competitors
Kenya's push to benefit from the growing satellite internet industry could pose financial challenges for providers like Starlink.
South Africa's richest person adds $138 million to net worth in first week of 2025
This recent surge brings his wealth closer to crossing the $14-billion mark—a milestone last achieved in October 2024.
Trustco wins shareholder approval for $25 million stake in Legal Shield Holdings
The deal, which marks a major move for Trustco, will proceed as planned, with all conditions either met or waived.