Billionaire Yasseen Mansour's Palm Hills posts 29.55 percent profit jump to EGP 4.22 billion in 2025
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
Otobong Tommy
Reporter
Otobong Tommy is a business writer and researcher with a background in public administration. She has worked with media and policy-adjacent institutions including Ventures Africa and NAEC, contributing to research and business reporting.
Steel tycoon Sikander Lalani's Roofings Group launches e-commerce platform to bring steel sales online across Uganda
Sikander Lalani's Roofings Group has launched an e-commerce platform with Tech Mahindra, enabling customers worldwide to browse, order and pay for steel products online.
Hesham El Ghoroury's Tiba wins Amethis backing to scale Egypt's rice-based food ingredients export push
Hesham El Ghoroury's Tiba for Starch & Glucose has secured a minority stake from Amethis to scale production capacity and expand into global export markets.
South African trio sells stablecoin startup BVNK to Mastercard for $1.8 billion, becoming instant billionaires
South African co-founders Jesse Hemson-Struthers, Donald Jackson and Chris Harmse have sold stablecoin startup BVNK to Mastercard for up to $1.8 billion.
Sam Darwish's IHS Towers swings to $126.8 million profit as MTN's $6.2 billion takeover looms
Sam Darwish's IHS Towers swung to a $126.8 million profit in 2025, reversing a $1.64 billion loss, as MTN's $6.2 billion takeover moves toward completion.
Ibrahim Mahama's Engineers and Planners leads race to take over Ghana's Damang gold mine from Gold Fields
Ibrahim Mahama's Engineers and Planners is the frontrunner to take over Ghana's Damang gold mine as Gold Fields prepares a formal state handover in April 2026.
Simon Rudland says extortion plot and AI-generated smear campaign falsely linked him to Zimbabwe coup plot
Gold Leaf Tobacco co-owner Simon Rudland says an alleged extortion attempt has driven a fabricated social media campaign falsely linking him to a Zimbabwe coup plot.
Gilbert Chagoury's ITB wins MSC's Lagos port build as two private dynasties unite on a $1 billion Snake Island bet
Gilbert Chagoury's ITB Nigeria has won the construction contract on Diego Aponte's MSC Snake Island port deal, uniting two of the world's most secretive business dynasties on a $1 billion Lagos bet.
GB Agboola's Flutterwave backs Tiwa Savage's music foundation to take African creative talent global
Flutterwave CEO GB Agboola has partnered with Tiwa Savage's new music foundation to build infrastructure for emerging African creative talent to reach global markets.
Adrian Gore says South Africa's NHI needs a decade to mature and cannot work in its current form
Discovery CEO Adrian Gore says South Africa's NHI cannot work in its current form, lacks the doctors and resources to function, and needs a decade to mature.
Johann Rupert's Remgro sells R4.88 billion worth of FirstRand shares in six-year exit from South Africa's biggest bank
Johann Rupert's Remgro has sold nearly 52 million FirstRand shares for R4.88 billion, extending a six-year disposal process that began in 2020.
Anthony Joshua relocates to Dubai as his £150 million business empire files formal change of residence
Anthony Joshua has formally relocated to Dubai, filing a change of residence across his £150 million business empire despite ongoing Iranian drone strikes on the UAE.
Quinton van Rooyen's Trustco surrenders banking licence as Bank of Namibia drops liquidation bid
Quinton van Rooyen's Trustco has surrendered its Namibian banking licence, prompting the central bank to withdraw its High Court liquidation application entirely.
Adrian Gore's Discovery Bank turns profitable as group delivers 24 percent operating profit jump
Adrian Gore's Discovery posted a 24% rise in normalised operating profit to R8.9 billion, with Discovery Bank crossing into profitability for the first time.
Southern Sun loses R735 million Sandton bid after Pareto pulls rank
Southern Sun has lost its R735 million bid for Sandton Consortium properties after co-owner Pareto exercised its pre-emptive rights to block the deal.
Aliko Dangote's refinery shields Nigeria from global oil shock but Nigerians still feel the pinch
Aliko Dangote's 650,000-barrel refinery absorbed over half of a global crude price surge, shielding Nigeria from the full force of the oil shock.