Abdul Samad Rabiu faces $1.6 billion loss in BUA Cement as naira weakens
This underscores Nigerian investors' broader financial challenges amid currency volatility and economic uncertainty.
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Naira devaluation cuts $72.4 million from Jim Ovia's Zenith Bank stake
The devaluation of the Naira has eroded nominal gains, reflecting the impact of currency depreciation on wealth accumulation.
Tony Elumelu faces $18 million loss in UBA stake
This highlights the challenges posed by Nigeria’s volatile currency on shareholder wealth.
Suresh Bhagwanji Shah’s stake in I&M Group gains $23 million year-to-date
This strategic move brings together two powerhouse entities and marks a significant step toward consolidating Black-led financial influence.
Jay-Z’s Marcy Ventures joins forces with Pendulum Holdings' investment arm
This strategic move brings together two powerhouse entities and marks a significant step toward consolidating Black-led financial influence.
Koos Bekker-linked family trust offloads $162 million in Prosus stock
This highlights Bekker’s approach to blending technology investments with high-end real estate, showcasing his commitment to diversified growth.
Aradel-backed consortium gets approval for $2.4 billion Shell deal
The transaction has been designed to preserve SPDC’s operational integrity post-acquisition.
South African billionaire Ivan Glasenberg loses $1.9 billion on Glencore stake
Glencore's share price slump wipes out $1.9 billion from Ivan Glasenberg's stake.
Clicks Group, led by Bertina Engelbrecht, attracts $31.5 million JP Morgan bet
The financial giant acquired additional shares worth $31.48 million, increasing its stake by 0.56 percentage points to 5.96 percent.
Moroccan tycoon Anas Sefrioui gains over half a billion dollars from ADH stake
This surge reflects growing investor confidence in ADH, cementing Sefrioui's position among the wealthiest investors on the Casablanca bourse.
Palantir secures $618.9 million deal to extend U.S. Army Vantage partnership
This builds on Palantir’s ongoing role in modernizing the Army’s data infrastructure to drive operational efficiency.
Bakhresa invests $8.4 million to expand juice production capacity
Tanzania’s Bakhresa Group doubles down on fruit juice production, boosting agriculture and exports.
Oando posts $725 million revenue in Q3 2024, records $8.5 million net profit amid operational efficiency
Oando achieves strong financial performance, driven by cost management and improved operations.
Hassan Allam’s leadership drives Egypt’s $1.1 billion Gulf of Suez wind farm project
Hassan Allam leads Egypt’s renewable energy transformation with a landmark wind farm project.
Isabel dos Santos denies corruption claims, criticizes UK sanctions over $440 million allegations
Angolan businesswoman Isabel dos Santos rejects corruption allegations, calling UK sanctions politically motivated.
Nicky Oppenheimer's top 5 philanthropic contributions: Shaping Africa's future through education, conservation and economic empowerment
Nicky Oppenheimer’s transformative philanthropy impacts millions across Africa.