Stephen Saad’s stake in Aspen slips below $450 million
South African pharma tycoon Stephen Saad’s stake in Aspen Pharmacare drops to $434.35 million, losing $62.85 million in 15 days.
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Hassanein Hiridjee's AXIAN Telecom secures $100 million for expansion
AXIAN Telecom has secured $100 million from EIB Global to expand 4G and 5G in Madagascar and Tanzania, enhancing digital access and inclusion.
Namibia’s top 7 richest people in 2025
Namibia's richest, including Frans Indongo and Koos Brandt, fuel economic growth through diversified investments.
Koos Bekker's Prosus backs Rain’s $75 million funding round
Under South African billionaire Koos Bekker, Prosus continues its efforts to support tech solutions that address the evolving needs of workers worldwide.
Laurence Rapp-led Vukile acquires mall in Portugal for $72 million
Vukile Property Fund expands its Iberian retail portfolio with a $72.2 million acquisition of Forum Madeira, strengthening its foothold in Portugal’s tourism sector.
Johann Rupert gains $1.1 billion in just 24 hours
South Africa’s richest man, Johann Rupert’s net worth, surged by $1.1 billion in less than 24 hours, reaching $14.3 billion.
Rob Hersov backs U.S. aid cuts to South Africa
South African billionaire Rob Hersov backs U.S. aid cuts to South Africa, calls for more sanctions against ANC.
Wema Bank, backed by Adebutu, launches $93.7 million rights issue
Wema Bank, backed by Kessington Adebutu, launches $93.7 million rights issue to boost capital and meet CBN's 2026 recapitalization deadline.
Emeka Offor donates $5 million to fight maternal deaths in Nigeria
Nigerian oil mogul Emeka Offor pledges $5 million to The Rotary Foundation to improve maternal and neonatal health in Nigeria’s high-need areas.
Alami Lazraq’s stake in ADI slips below $600 million
Moroccan real estate tycoon Alami Lazraq has seen the market value of his stake drop by MAD1.02 billion ($123.26 million) over the past month.
Sylvia Mulinge, Kenyan executive behind MTN’s $1.6 billion Uganda unit
When Mulinge became CEO of MTN Uganda on Oct. 1, 2022, it marked a pivotal moment for the company, women in leadership, and Africa’s business landscape.
Adrian Gore-linked Discovery Life pays $593 million in claims
The company paid out R11.5 billion ($593 million) in benefits, with wellness incentives and living benefits surpassing traditional death claims for the first time.
Duncan Wanblad's Anglo American faces hurdle in $3.5 billion deal
Anglo American is also navigating a strategic overhaul, including a potential listing of its diamond business, De Beers.
Kola Karim eyes big cashout from Mota-Engil’s DBN Energies takeover
Mota-Engil, a Portuguese construction firm, plans to acquire DBN Energies, an oil infrastructure specialist, from Kola Karim.
Ibidapo Lawal unveils $150 million-a-year aluminum plant in Nigeria
The plant, which is expected to generate $150 million in annual revenue once fully operational, will play a significant role in boosting Nigeria’s industrial sector.
Yasseen Mansour's Palm Hills backs $25.2 million loan for 200 hotel rooms
Palm Hills backs $25.2 million loan for 200 hotel rooms at Hacienda White, boosting its stake in Egypt's North Coast tourism.