Edha Nahdi talks $380 million cement expansion with Kenya’s president
The $380 million investment will boost Kenya’s manufacturing, create jobs, and support AfCTA goals.
Hend El-Sherbini loses $19.5 million from IDH shares
Hend El-Sherbini is one of Egypt’s leading executives and a key figure in the MENA region’s healthcare sector.
Aliko Dangote scales up $10 million food relief effort in Nigeria
The program is aimed at helping low-income families cope with the harsh economic climate and rising cost of living.
Khamis family's stake in Oriental Weavers falls by $17 million
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
Stephen Brookes' Balwin secures $52.5 million for Tshwane project
The investment aims to tackle South Africa’s housing shortfall while creating jobs and stimulating economic growth.
Moroccan billionaire Anas Sefrioui loses $160 million in 19 days
The dip highlights the challenges investors face amid global economic uncertainty and market conditions.
Abdallah Sallam’s Madinet Masr executes 42.7 million share buyback
The Cairo-based developer said it has repurchased 42.7 million shares, about 2 percent of its total share capital, through open-market transactions.
Adrian Gore’s Discovery stake declines by nearly $40 million
In the past two weeks, Adrian Gore's stake has dropped by R753.34 million ($39.83 million) as Discovery's shares slide on the JSE.
Seplat, co-founded by Austin Avuru, builds mega gas facility
The company has installed over 850MMscfd of gas infrastructure to help meet Nigeria’s rising domestic energy demand.
Hisham Talaat Moustafa’s stake falls by $110 million in 26 days
The setback comes on the heels of a more positive period earlier this year, when his stake grew by $54.87 million.
Stephen Saad’s stake in Aspen slips below $450 million
South African pharma tycoon Stephen Saad’s stake in Aspen Pharmacare drops to $434.35 million, losing $62.85 million in 15 days.
Koos Bekker's Prosus backs Rain’s $75 million funding round
Under South African billionaire Koos Bekker, Prosus continues its efforts to support tech solutions that address the evolving needs of workers worldwide.
Duncan Wanblad's Anglo American faces hurdle in $3.5 billion deal
Anglo American is also navigating a strategic overhaul, including a potential listing of its diamond business, De Beers.
Sam Darwish gains nearly $12 million from IHS stake
U.S.-Nigerian telecom executive Sam Darwish’s IHS stake rises nearly $12 million to $56 million.
Beyoncé’s hair care line launches in retail stores
The Ulta partnership marks an important new chapter for Cécred, which first launched as a direct-to-consumer brand through cecred.com.
MTN, led by Ralph Mupita, partners with Synamedia to launch streaming platform
By employing multiple monetization strategies, the platform will be adaptable to the unique demands of different African markets.