Aliko Dangote's Dangote Cement, Tetracore increase focus on clean energy solutions
As part of the latest phase, Tetracore installed a mobile AutoGas refueling unit at Dangote Cement’s Ibese Plant in Ogun State.
Eaton stake held by Craig Arnold nears $250 million
The market value of his stake has climbed by $24.08 million, pushing it close to the $250 million mark.
Dominic Sewela led-Barloworld’s $1.3 billion buyout gets green light from regulator
The approval marks a milestone in the company’s transition from public to private ownership, ending its over 80-year run on the JSE.
Baloobhai Patel linked-Absa Kenya recovers $1.8 million lost to fraud
The Nairobi-listed lender said its systems helped avert an additional Ksh334 million ($2.59 million) in potential losses.
Nigerian energy magnate Austin Avuru records $23.6 million loss on Seplat stake
Since the start of the year, the market value of this stake has fallen by $23.6 million, driven by a slump in the company’s share price.
U.S.-Nigerian telecom executive Sam Darwish records $7.24 million decline on IHS stake
The decline reflects ongoing investor caution and broader market volatility affecting emerging-market telecom stocks.
Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom takes stake in Jumia
The deal comes as longtime backer Baillie Gifford sold off its remaining shares in Jumia, closing the book on a multi-year bet on the e-commerce platform.
Duncan Wanblad-led Anglo American plans $26 million upgrade at Quellaveco mine
The upgrade aims to enhance production capacity and sustainability efforts amid rising global demand for copper, a critical metal in the clean energy transition.
Media mogul Byron Allen enlists investment bank to sell TV stations
The move comes after Allen’s aggressive expansion, spending over $1 billion acquiring network-affiliated stations in smaller U.S. markets.
Abdul Samad Rabiu’s BUA pours $65 million into port terminal project
This follows public controversy after former Nigerian Ports Authority (NPA) Managing Director Hadiza Bala Usman accused BUA of breaching concession terms.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, opens new unit in Dubai
The new entity will serve as the hub for managing the group’s real estate projects beyond Egypt.
South Africa’s Barry Swartzberg gains $18 million from Discovery stake
Discovery Limited's stock gains lift Barry Swartzberg’s fortune, reinforcing confidence in South Africa’s financial services sector.
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.