Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rises above $1 billion
Hisham Talaat Moustafa’s TMG shares hit $1.04 billion in value as the company’s stock climbs 8.72%, pushing market cap above $2.4 billion.
Aliko Dangote’s $20 billion refinery deploys 4,000 CNG trucks in Nigeria
The CNG-powered fleet, imported through Lagos’ Apapa Port, will support the refinery’s fuel delivery program set to launch on August 15.
French billionaire’s firm Canal+ hit as Ghana orders MultiChoice shutdown over rates
The regulator has given the company 30 days, until Sept. 8, to respond or risk losing its broadcasting license.
Nigerian billionaire TY Danjuma’s May & Baker to expand manufacturing with new facility
Nigerian billionaire TY Danjuma’s May & Baker boosts local drug production and herbal innovations with new facility.
Egyptian businessman Hani Berzi gains $31 million from Edita Foods shares
A strong rebound in Edita’s stock boosts Berzi’s wealth and underscores renewed investor confidence in Egypt’s snack food sector.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, to develop $1.8 billion project in Cairo
The ambitious project, spanning over 2 million square meters, underscores Egypt’s growing momentum in large-scale real estate development amid rising urban demand.
Neal Froneman-led Sibanye, Gwede Mantashe face off over US mining deal
The initiative—intended to reset strained trade ties—was presented to President Cyril Ramaphosa ahead of his May 21 meeting with U.S. President Donald Trump.
Afreximbank backs $4 billion refinancing loan for Aliko Dangote’s refinery
The deal forms part of a broader $4 billion syndicated loan package aimed at refinancing earlier capital costs tied to the construction of the $20 billion refinery.
South African banker Jason Quinn-led Nedbank to offload Ecobank shares worth over $100 million
The South African bank confirmed that the stake, classified under IFRS 5 as a non-current asset held for sale, has a market value of R1.9 billion ($105.8 million).
South African banker Mary Vilakazi-led FirstRand warns of rising loan costs after UK ruling
FirstRand, led by Mary Vilakazi, may raise provisions by $53 million after a UK court ruling on car finance commissions.
Saltzman family of South Africa sees $28.2 million drop in Dis-Chem stake
Dis-Chem founders lose $28 million as retail stock pressures hit Saltzman family’s holding on the Johannesburg Stock Exchange.
Karl Toriola-led MTN Nigeria posts $1.57 billion in half-year revenue
MTN Nigeria posts $1.55 billion H1 revenue, swings to $271 million profit on soaring data, fintech growth, and improved forex environment.
Moroccan businessman Alami Lazraq loses $33 million as ADI shares fall
Alami Lazraq’s stake in ADI drops $33 million as shares slide, reversing a sharp rally in Morocco’s real estate market.
Nigerian oil mogul Wale Tinubu’s Oando plans $1.2 billion solar power project
Oando to build $1.2 billion solar panel factory with Africa’s first recycling line, expand drilling, and raise $327.5 million for clean energy growth.
South African tycoon Barry Swartzberg's Discovery stake falls by $13.7 million
Discovery shares dip 4.33% on JSE, wiping $13.7 million from Barry Swartzberg’s stake and pushing market value below $8 billion.
Glencore, led by South African executive Gary Nagle, to cut global operating costs by $1 billion
Glencore targets $1 billion in savings, plans coal spinoff and copper mine closure amid weak refining margins.