South African pharma tycoon Gus Attridge loses $12 million from Aspen stake
Gus Attridge’s Aspen Pharmacare stake drops over $12 million as shares slide 9.45%, pushing market value below $3 billion.
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Bridgette Radebe, South Africa’s first Black mining tycoon, disputes $10 billion money laundering claim
Botswana’s High Court has cleared mining tycoon Bridgette Radebe of $10 billion laundering claims, ordering a government apology for false allegations.
Court backs FBNQuest Trustees in move to seize energy assets linked to Tope Shonubi
A Lagos court has cleared FBNQuest Trustees to appoint a receiver over Tope Shonubi’s KEPCO, opening the way to seize key power assets.
Nambian multi-millionaire Quinton van Rooyen gets $281-million offer for Trustco
Trustco’s founding family weighs $281 million offer from Cayman-based investor, tied to U.S. listing ambitions and $250 million debt financing.
Nigerian billionaire Adebayo Ogunlesi’s net worth rises to $2.5 billion after $800 million gain
Adebayo Ogunlesi’s fortune rises to $2.5 billion in 2025 after an $800 million gain from BlackRock stake growth and major deals.
Tanzanian billionaire Said Bakhresa to spend $500 million doubling soft-drink output
Bakhresa is pouring $500 million into his flagship soft‑drink plant in Mwandege, doubling capacity and boosting sourcing from 100,000 local farmers.
Nigerian billionaire TY Danjuma’s May & Baker to expand manufacturing with new facility
Nigerian billionaire TY Danjuma’s May & Baker boosts local drug production and herbal innovations with new facility.
South African tycoon Adrian Gore's Discovery stake slips under $600 million
Discovery co-founder Adrian Gore sees $21 million erased from his stake as JSE market pressures mount.
World’s first Black billionaire, Robert L. Johnson, leads trust to $691 million half-year revenue
RLJ Lodging Trust posts $691.2 million H1 revenue, with CEO Robert L. Johnson steering steady results despite margin and occupancy pressures.
Kanye West’s onetime estate listed for just under $17 million
Kanye West’s former Hidden Hills estate returns as a rebuilt 11,000-sq-ft ranch listed for just under $17 million.
Egyptian businessman Hani Berzi gains $31 million from Edita Foods shares
A strong rebound in Edita’s stock boosts Berzi’s wealth and underscores renewed investor confidence in Egypt’s snack food sector.
Egyptian billionaire Nassef Sawiris’ OCI to reward shareholders with $700 million payout
OCI, led by billionaire Nassef Sawiris, approves $700 million shareholder payout via capital repayment or dividend, backed by strong financial reserves.
South African billionaire Zak Calisto to pocket $22 million in Karooooo dividends
Karooooo’s latest dividend will hand its billionaire founder a pre-tax windfall of more than $22-million.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, to develop $1.8 billion project in Cairo
The ambitious project, spanning over 2 million square meters, underscores Egypt’s growing momentum in large-scale real estate development amid rising urban demand.
Nigerian logistics tycoon Taiwo Afolabi’s SIFAX Group boosts Lagos port efficiency
SIFAX Group partners with Micura Services and expands trade links to the UK, India, and China to improve Lagos port operations and ease exports.
Egyptian businessman Medhat Khalil’s Raya secures $20.6 million credit facility
Raya Holding’s tech arm secures $20.8 million facility from MIDBANK to fuel digital expansion, support Egypt’s transformation, and scale national tech projects.