Seplat, co-founded by Austin Avuru bets big on power sector
The move, announced by CEO Roger Brown, is part of the firm’s long-term strategy to deepen Nigeria’s energy access and industrial development.
South African billionaire Jannie Mouton gains $28 million from Capitec stake
Jannie Mouton gains $28 million in 24 days as Capitec shares rally, driven by digital-first banking and rising investor confidence on the JSE.
Glencore, led by Gary Nagle, moves $30 billion asset base to Australia in restructure
The restructured entity now controls a portfolio worth over $65 billion, effectively doubling its asset base in Australia.
Kenya banker James Mwangi leads Equity Group to $119 million profit in Q1 2025
Equity Group posted $119.2 million Q1 profit, down 4.24% on weak income growth and currency losses, offset by digital and regional expansion momentum.
Africa’s richest royal family gains $432 million from Attijariwafa Bank stake
Morocco’s royal family gains $430 million as Attijariwafa Bank shares surge, boosting stake to over $7 billion amid rising investor confidence.
Aliko Dangote's mega refinery ends Nigeria’s era as Africa’s top fuel importer
The $20 billion refinery, the largest in Africa and the world’s biggest single-train facility, has reduced Nigeria’s need for imported petrol.
South African tycoon Stephen Saad's Aspen opens regional headquarters in Saudi Arabia
Aspen’s investment comes amid a broader push to localize manufacturing, enhance drug supply chains, and develop regional talent.
Egyptian businessman Ahmed El-Sewedy gains $36 million from company shares
Elsewedy Electric’s shares rise 4.12% in 2025, boosting Ahmed El-Sewedy’s stake amid Egypt’s energy infrastructure and green projects growth.
Barloworld, led by Dominic Sewela, extends probe into Russian operations
Barloworld prolongs Russia probe through Sept. 2025 amid sanctions pressure, falling revenue, and possible delisting via Zahid Group-backed buyout.
Egyptian billionaire Hassan Allam signs deal to revive Alexandria Tram Line
The contract, awarded by the National Authority for Tunnels (NAT), marks a pivotal push to modernize urban transport in Egypt’s second-largest city.
Suresh Bhagwanji Shah’s I&M acquires prime commercial building in Tanzania
The property, now known as I&M House@1046, will serve as the new Tanzanian headquarters for the Nairobi-listed lender and host one of its flagship branches.
South African executive Simon Baloyi-led Sasol wins $241 million Transnet payout
The payment resolves all pending litigation between the two state-backed firms, according to a Sens announcement issued after the market closed on Friday.
Stephen Saad’s Aspen stake drops $21 million in value
This mirrors wider investor caution amid challenges facing the global pharmaceutical sector and instability in emerging markets.
Neal Froneman-led Sibanye reports 289 workers trapped in South Africa mine
Details on the cause of the incident remain scarce, but the company is actively conducting safety checks and shaft inspections before hoisting workers to the surface.
Aliko Dangote's refinery set to start polypropylene exports
The move marks a major milestone for Nigerian industrial exports as the country shifts from import dependence to value-added manufacturing.
Moroccan businesswoman Lamia Tazi's stake in Sothema nears $90 million
This boost comes on the heels of a strong rally in Sothema’s share price on the Casablanca Bourse.