Stephen Brookes' Balwin posts $120 million revenue in 2025
Balwin posted $120.6 million in revenue for FY2025, down 6%, as rate cuts in H2 fueled an 8% profit rise despite sluggish apartment sales.
James Mwangi-led Equity Group seals $495 million deal for MSME
The strategic alliance is set to revolutionize financial access for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa.
Adegbite Falade-led Aradel commits $20 million to Chappal Energies acquisition
The move is part of a broader plan to diversify its operations and build a stronger presence in Nigeria’s energy sector.
Norman Moyo-led Grid Africa, seals fresh deal to boost energy access in Africa
This collaboration aims to address the pressing energy deficit in Sub-Saharan Africa, where many nations struggle to meet escalating power demands.
Jay-Z alleges $200 million loss from assault claim, net worth holds at $2.5 billion
Despite maintaining a $2.5 billion net worth, Jay-Z says the accusations have severely damaged his business empire, especially his entertainment company, Roc Nation.
South African businessman Swartzberg nets $36 million from Discovery stake
Swartzberg, a top figure in South Africa’s financial services industry, owns a 3.92-percent stake in Discovery, about 25.95 million shares.
Kenya’s largest landowner loses $9.5 million on NCBA stake
This drop comes after a significant fall in the bank’s share price on the Nairobi Securities Exchange (NSE).
Absa Group Chair Sello Moloko to step down in July
René van Wyk, a former interim CEO of the bank and seasoned regulator, will take over as chairperson of both Absa Group and Absa Bank.
Ahmed El-Sewedy’s Elsewedy Electric takes stake to grow oil and gas portfolio
The deal is set to strengthen Elsewedy Electric’s energy solutions portfolio and open up new opportunities in fast-growing markets.
South Africa’s Saltzman family gains $53.5 million from Dis-Chem shares
The Saltzman family’s Dis-Chem stake surged by $53.5 million, recovering earlier losses and reinforcing their position among South Africa’s richest investors amid renewed market confidence.
Mohamed Edris launches $266 million housing project in Cairo
The sprawling development, set in the fast-growing New Zayed City in West Cairo, will span 84 feddans.
Rajiv Ruparelia, only son of Uganda’s richest man, dies in car crash
Rajiv was driving a high-performance Nissan GTR along the Kajjansi – Munyonyo Road near the Busabala Flyover junction when the crash occurred.
Christopher Seabrooke gains $11 million from Sabvest stake
This comes after a tough period earlier in the year when Seabrooke saw his wealth dip by $6.35 million due to a decline in the company’s stock price.
Centum, backed by Kirubi family, leads East Africa’s urban shift
Heading into its 2026 fiscal year, the company has firmly established itself as a major force in shaping the future of cities in Kenya and Uganda.
Kendrick Lamar makes history: $9 million from one night on stage
The Grammy- and Pulitzer-winning artist set the record at the Grand National Tour’s Minneapolis opener, co-headlining with SZA.
Craig Arnold, one of America’s Black CEOs, gains $32 million from Eaton’s shares
This uptick follows a notable decline in March, when Arnold’s stake dropped by $28.9 million, briefly reducing its market value to $201.88 million.