Sibanye, led by Neal Froneman, plans to shut loss-making assets
The company warned that its South African PGM operations may no longer be viable if prices don’t recover soon.
Nigerian-Lebanese billionaire Bassim Haidar backs Reform UK with $1.3 million
A longtime supporter of the Tories, Haidar is now backing Nigel Farage, whom he believes can restore the UK to its former glory.
Lamia Tazi gains $14 million from Sothema stake in 18 days
This upswing has further cemented her position among Morocco’s wealthiest individuals.
Stephen Saad’s Aspen faces $148.7 million contract dispute
Aspen shares dive 30% amid $148.7 million mRNA tech dispute, stoking investor fears over financial stability.
Gabriel Ogbechie’s Eterna stake declines by $6.3 million
In just two months, his holdings have lost N10.16 billion ($6.32 million) due to the recent decline in stock price.
Dominic Sewela's Barloworld $1.2 billion bid gets PIC backing
The PIC has pledged its support by agreeing to accept a standby offer for 41.6 million Barloworld shares, which translates to 21.93 percent of the company’s total issued shares.
Zak Calisto’s Karooooo stake gains $71.5 million in 15 days
Calisto’s 64.81% stake in Karooooo—about 20 million shares—has gained $71.5 million in market value over the past two weeks.
CIVH, backed by Johann Rupert’s Remgro, valued at $667 million
The decline has sparked debate, with Remgro recently valuing Maziv at $2.8 billion, outpacing even larger rivals like Telkom.
Vodacom, led by Shameel Joosub, poised for major comeback
The Johannesburg-listed telecom giant raised medium-term guidance, signaling a potential turnaround driven by gains in Egypt and fintech.
Davido sets sights on Nollywood with upcoming film investments
The multi-platinum hitmaker is ready to invest hands-on in Nigeria’s creative economy, starting with film.
Ackerman family stake tops $180 million as Pick n Pay shares rebound
The family owns 16.71 percent of Pick n Pay, which amounts to 124.68 million shares.
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.