Malawian tycoon Vizenge Kumwenda's NICO Holdings stake now worth $34 million
Malawian tycoon Vizenge Kumwenda’s NICO Holdings stake has surged to $34.34 million in 2025 as shares on the Malawi Stock Exchange rally 176.7%.
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Palantir CEO Alex Karp’s net worth drops $1.9 billion after peaking at $16.4 billion
Alex Karp’s net worth falls to $14.5 billion after a $1.9 billion drop, even as Palantir reports record revenue and contracts.
Nigerian tycoon Segun Lawson, partners hold $40 million stake in nation’s top gold mine
Riding record profits from its Nigerian mine, Thor Explorations’ stock has soared nearly 270%, boosting the fortune of its founder, Segun Lawson and his Nigerian partners.
Femi Otedola’s memoir climbs to No. 3 on Amazon UK best-seller list
Just days after release, Femi Otedola’s debut memoir Making It Big has surged to the top tier of Amazon’s business biography rankings.
South African billionaire Koos Bekker-led Prosus plans stake sales to raise $2 billion
Prosus targets $2 billion from asset sales as CEO Fabricio Bloisi sharpens focus on e-commerce and lifestyle platforms.
South African executive Kenny Fihla drives Absa’s retail and pan-African expansion plans
Kenny Fihla leads Absa’s retail revamp, driving digital banking growth and pan-African expansion with strong first-half 2025 results.
Kenyan banker James Mwangi-led Equity Group posts $267 million half-year profit
Kenyan banker James Mwangi leads Equity Group to a 17% profit rise, posting $267 million with assets reaching $13.9 billion.
Namibian tycoon Knowledge Katti owns stake in Sintana Energy worth $11-million
Katti’s place on Sintana’s board and his multimillion-dollar stake tie him directly to Namibia’s rising oil ambitions.
Egyptian billionaire Yasseen Mansour loses $10 million on Palm Hills stake
Yasseen Mansour loses nearly $10 million from Palm Hills stake as EGX shares drop, highlighting challenges in Egypt’s real estate sector.
Malawian billionaire Thom Mpinganjira's FDH Bank buys Ecobank Mozambique for $19.2 million
FDH Bank acquires 98.8% of Ecobank Mozambique for $19.2 million, boosting regional footprint and cutting dividend to fund Southern Africa growth.
Anglo, led by South Africa’s Duncan Wanblad, loses $3.8 billion coal deal
Peabody cancels $3.8 billion Anglo coal deal after mine fire; Anglo plans arbitration as H1 revenue falls to $8.95 billion.
Africa’s richest man Aliko Dangote loses $549 million overnight
Aliko Dangote’s net worth drops $549 million as Dangote Cement shares fall nearly 10 percent, reducing his stake to $4.96 billion.
PIC buys $40 million stake in South African tycoon Des de Beer’s Resilient
PIC raised its Resilient REIT stake by $40.6 million to 20.02 percent, underscoring confidence in Des de Beer’s retail property group.
South African tycoon Mike Teke’s Seriti secures $295 million for Mpumalanga wind project
Seriti Green secures $295 million for a major wind project in Mpumalanga, expanding clean power and creating 800 jobs.
Black executive Marvin Ellison gains $25 million from Lowe stake
Lowe’s CEO Marvin Ellison gains $25 million as the company’s stock jumps 16% on the NYSE, boosting his stake to $187 million.
Zimbabwe’s richest man, Strive Masiyiwa, gains $100 million amid AI factory rollout
Strive Masiyiwa regains $100 million, raising his net worth to $1.3 billion amid Africa’s first AI factory rollout with NVIDIA.