Moroccan billionaire Alami Lazraq loses $75 million as ADI shares slide
Moroccan billionaire Alami Lazraq loses $75 million as ADI shares fall, reversing recent gains and reflecting cooling confidence in Morocco’s real estate market.
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South African entrepreneur Lelo Rantloane’s Ata Capital offloads Novare stake in management buyout
Ata Capital exits Novare, selling 26% stake to management, marking full ownership and a new chapter for the African investment firm.
Investec, led by South African executive Fani Titi, ramps up corporate mid-market expansion
Investec ramps up mid-market growth in South Africa and the U.K., targeting stronger returns and deeper client relationships.
South African retail tycoon Giovanni Ravazzotti’s Italtile stake tops $400 million
Italtile’s share rebound lifts Giovanni Ravazzotti’s stake back above $400 million after months of pressure on the JSE.
Africa’s richest man Aliko Dangote loses $1.4 billion so far in November
Africa’s richest man Aliko Dangote sees $1.4 billion drop so far in November amid share price declines.
Nigerian insurance mogul Oye Hassan Odukale’s Leadway takes full control of PAL Pensions
Leadway, chaired by Oye Hassan Odukale, completes its acquisition of PAL Pensions, strengthening its position in Nigeria’s pension industry.
Kenyan businessman Suresh Bhagwanji Shah set for $2 million I&M dividend
Kenyan businessman Suresh Bhagwanji Shah is set to earn $2.06 million after I&M Bank declared a stronger interim dividend.
Patrice Motsepe-backed Harmony Gold eyes Newmont copper venture in Papua New Guinea
Patrice Motsepe-backed Harmony Gold weighs a multibillion-dollar copper venture with Newmont in Papua New Guinea.
TotalEnergies to take 50% of OPL257 from Nigerian billionaire Mike Adenuga’s Conoil
Conoil Producing sells 50 percent of OPL257 to TotalEnergies, keeping 10 percent, advancing Nigeria’s offshore oil development.
Mauritius-based investor Peter McAllister Todd’s Afine stake falls $3 million
Peter McAllister Todd’s Afine stake drops $3.2 million as the small-cap property firm faces a sharp slide on the Johannesburg Stock Exchange.
Christo Wiese-backed Pepkor joins Investec to launch zero-fee banking service
Pepkor and Investec discuss a zero-fee banking service to reach millions of lower-income South Africans.
Kampala-based entrepreneur Agnes Aistleitner Kisuule's First Circle Capital secures $6 million
Agnes Aistleitner Kisuule’s First Circle Capital raises $6 million to support African fintech founders.
Harrods to remove Egyptian billionaire Mohamed Al-Fayed escalators following $83.9 million victim
Harrods replaces Al-Fayed’s Egyptian-themed escalators following $83.9 million victim compensation, unveiling a brighter, spacious central area.
Iwosan Investments, co-founded by Nigerian businessman Fola Adeola, buys Paelon Memorial Hospital
Fola Adeola’s Iwosan Investments buys Paelon Memorial Hospital, strengthening its nationwide healthcare expansion.
Reinet, led by South African billionaire Johann Rupert, posts $7.8 billion in net assets
Reinet Investments, led by Johann Rupert, posts $7.8 billion in net assets despite a $298 million decline amid market volatility.
Kanye West’s Skims stake soars to $250 million after $5 billion valuation
Kanye West’s 5 percent stake in Skims climbs to $250 million after the brand hits a $5 billion valuation.