Safwan Thabet's stake in Juhayna drops by $65 million
Juhayna shares have plunged over 18% in six weeks, wiping over $65 million from Egyptian businessman Safwan Thabet’s stake.
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Pascal Dozie, founder of defunct Diamond Bank, dies at 86
Dozie founded Diamond Bank in 1990, growing it into a major player before its acquisition by Access Holdings in 2018.
Benedict Peters resolves dispute at Accra Apartment Complex, no arrests, police confirm
Pan-African billionaire Benedict Peters’ dispute over lift access at an Accra apartment complex led to a peaceful vehicle protest, resolved without disruptions.
Abdul Samad Rabiu signs deal for palm oil refinery
The facility will support sustainable practices in agriculture and manufacturing.
Top 10 richest people in Morocco
Morocco’s wealthiest individuals are driving economic growth, influencing sectors like real estate, finance, energy, and pharmaceuticals, and enhancing Africa's economic footprint.
LeBron James-backed Lobos 1707 signs strategic vodka deal with Diageo
This partnership marks a fresh start for Ciroc and a major leap forward for Lobos 1707, which has quickly gained traction in the booming agave spirits market.
Zimbabwe’s richest man Strive Masiyiwa’s AI factory to cost $720 million
The facility, which is set to launch in South Africa by June 2025, will provide businesses, governments, and researchers with world-class AI computing capabilities.
MTN, led by Ralph Mupita, partners with Synamedia to launch streaming platform
By employing multiple monetization strategies, the platform will be adaptable to the unique demands of different African markets.
Samuel Dossou-Aworet-backed Tullow Oil sells oil assets to Gabonese government
Tullow Oil sells Tullow Oil Gabon SA to the Gabonese government for $302 million.
Africa’s oldest billionaire Natie Kirsh joins takeover bid for Abacus Storage King
The offer, made through his family office, Ki Corporation, values the ASX-listed company at around A$1.93 billion ($1.2 billion).
Johann Rupert loses $3.2 billion as Trump tariffs ripple through global markets
South Africa's richest man, Johann Rupert, saw his net worth fall from $17 billion on March 4 to $13.8 billion at the time of this report.
Court blocks East Africa's first billionaire from recovering $2.2 million from dfcu
This marks a twist in the ongoing legal battle between Ruparelia’s Crane Management Services and dfcu bank.
Sanlam Kenya, backed by Kenyan investor Baloobhai Patel, to raise $19.3 million in rights issue
Sanlam Kenya, backed by tycoon Baloobhai Patel, plans a $19.3 million rights issue to cut debt, strengthen its balance sheet, and revive profitability.
Saltzman family, one of South Africa’s richest, loses $43.95 million from Dis-Chem stake
This follows a previous loss between Feb. 7 and Mar. 10, when their stake dropped by $45.37 million, from $473.47 million to $428.09 million.
Paul Fokam's Afriland to boost SME financing in Cameroon with $60 million
The move is designed to help close the funding gap faced by local businesses, especially those led by women, and support private-sector growth in the country.
South African tech mogul Zak Calisto’s stake in Karooooo drops $87.9 million
The drop comes in the wake of sweeping U.S. tariffs, which have rattled investors and pushed the mobility Software-as-a-Service (SaaS) company’s stock lower.