Egypt’s Khamis family loses $15 million as Oriental Weavers stock declines
Oriental Weavers shares fall 18% in 2025, cutting $15 million from the Khamis family’s $170 million stake.
Egyptian tycoon Safwan Thabet gains $40 million as Juhayna shares rebound
Safwan Thabet’s Juhayna stake rises $40 million as shares rebound, boosting the Egyptian consumer goods leader’s market value.
Aga Khan Fund restructures $9.3 million stake in Kenya's Nation Media Group
Aga Khan Fund reorganized its $9.3 million stake in Nation Media Group into a new unit, consolidating control as the publisher faces financial strain and industry shifts.
Africa’s richest man, Aliko Dangote, funds 250-bed university hostel in Nigeria
Africa’s richest man, Aliko Dangote, is funding a N1.1 billion ($732,642) 250-bed hostel at the University of Ilorin to aid student housing and mosque upkeep.
Dominic Sewela-led Barloworld gets Namibia green light in acquisition push
With this approval, the condition tied to Namibian regulatory clearance has been satisfied.
Mantrac Kenya celebrates 100 years of Caterpillar in Kenya
Mantrac Group is among the largest Caterpillar dealers worldwide, providing machinery, power systems, and material-handling equipment across 11 countries.
Kenya’s richest banker James Mwangi adds $12.6 million from Equity Group stake
Kenyan banker and leading businessman James Mwangi adds $12.6 million from his Equity Group stake as shares rally.
Nigerian businessman Samuel Maduka Onyishi’s C&I Leasing wins approval for $20 million raise
C&I Leasing, chaired by Nigerian entrepreneur Samuel Maduka, won approval to raise $20 million in debt and equity to expand and refinance debt.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa begins Kenya data center project
Airtel Africa has broken ground on a 44-megawatt Nxtra data center at Tatu City, Kenya, to serve enterprises, government agencies, and global cloud providers.
U.S.-Nigerian telecom mogul Sam Darwish’s IHS stake tops $90 million
IHS Towers co-founder Sam Darwish sees his holdings rise above $93 million as the company’s market cap nears $2.4 billion.
Egyptian billionaire Hisham Talaat Moustafa loses $59 million from TMG stake
Egyptian billionaire Hisham Talaat Moustafa loses $59 million as Talaat Moustafa Group shares fall on the Egyptian Exchange.
Kenyan businessman Henry Njeru’s tea company placed under administration
Njeru Industries, a Kenyan tea firm, enters administration amid sector challenges and financial pressures on exporters and farmers.
Medhat Khalil’s Raya gets $23.3 million to boost Egypt’s banking sector
Raya Integration secures $23.3 million credit to boost Egypt’s digital banking, IT infrastructure, and cybersecurity capabilities.
Egyptian entrepreneur Khalid Ashmawy's Munify raises $3 million in seed round
Egypt’s Munify raises $3 million led by Y Combinator to grow cross-border banking for millions of Egyptians overseas.
Egyptian tycoon Abdallah Sallam’s Madinet launches $370 million SAFE fund
Egyptian tycoon Abdallah Sallam’s Madinet wins FRA nod for its $370 million SAFE fund, a fractional real estate platform with 70,000 users.
Shameel Joosub-led Vodacom strikes clean energy deal to ease South Africa grid reliance
The company launched its virtual wheeling solution, enabling companies to source renewable electricity through the grid from independent producers.