South Africa’s Jonathan Jawno loses $32.8 million from Transaction Capital stake
His 14.09 percent stake in the company has declined in value by over $30 million, reflecting the steep decline in the company’s stock price.
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Meet Jane Karuku: Top executive leading Kenya’s $1 billion brewery giant
Karuku champions innovation and sustainability, advocating for gender diversity and youth empowerment in East Africa's corporate landscape.
BUA launches 2,400-ton gypsum plaster production facility in Nigeria
The state-of-the-art plant underscores BUA Group’s growing influence in Africa’s industrial and manufacturing sectors.
Meet Mohammed Shafik Gabr: Bridging business, culture, and global innovation
Mohammed Shafik Gabr, an Egyptian entrepreneur, philanthropist, and art collector, has left an indelible mark on global business and cultural diplomacy through his visionary leadership and multifaceted ventures.
6 businesses owned by Angolan millionaire Jean-Claude Bastos de Morais
Jean-Claude Bastos de Morais, a dynamic entrepreneur with Angolan roots, has built a multifaceted business empire that spans private equity, real estate, innovation hubs, and philanthropy. With his ventures, he aims to fuel Africa’s economic growth while making a lasting social impact.
Meet Abdul Satar Dada: Botswana's business tycoon and philanthropic visionary
Abdul Satar Dada, a prominent entrepreneur and philanthropist, has shaped Botswana’s economic and social landscape for over six decades, earning recognition as one of the country's most influential figures.
BUA Group donates $1.25 million to rebuild historic Zaria mosque
Abdul Samad Rabiu’s BUA Group funds the rebuilding of the Abdulkarim Central Mosque in Zaria, preserving its historic legacy while enhancing modern facilities for the community.
Muhammadu Indimi unveils $315-million FPSO vessel to boost Nigeria’s oil production
Billionaire oil magnate Muhammadu Indimi has launched a $315-million Floating Production, Storage, and Offloading (FPSO) vessel in Dubai, signaling a major step in enhancing Nigeria's offshore oil production.
Access Bank hosts German President Steinmeier, strengthens Nigeria-Germany trade relations
German President Frank-Walter Steinmeier’s visit to Access Bank underscores the bank’s role in advancing trade partnerships between Nigeria and Germany, fostering economic growth and innovation.
Strive Masiyiwa’s biggest philanthropic contributions: Transforming lives in Africa and beyond
Strive Masiyiwa, a Zimbabwean-born billionaire, has used his wealth and influence to drive transformative philanthropic efforts across Africa, from education and healthcare to economic development and digital innovation.
Chappal mulls selling Equity after $860 million TotalEnergies transaction
Chappal Energies seeks new investors to fund expansion following significant acquisitions in Nigeria.
Mohammed Elsewedy’s fortune up $293 million amid devaluation of Egyptian pound
This highlights his resilience in navigating one of Egypt’s most challenging economic years.
Sanari Capital $80 million to scale African tech businesses
The fund focuses on businesses that capitalize on technology, innovation, and emerging sector trends, positioning itself as a key player in the continent's economic growth.
Patrice Motsepe’s Tyme Group, valued at $1.5 billion after $250 million raise
Tyme Group has raised $250 million in its latest funding round, boosting its valuation to $1.5 billion and positioning it among Africa’s few unicorns.
Egypt’s wealthy Khamis family stake in Oriental Weavers declines by $17.1 million
The market value of their stake in Oriental Weavers has dropped by more than $17 million, due to the sharp devaluation of the Egyptian pound.
Hassan Allam Construction to lead key projects on Abu Dhabi’s Ramhan Island
This win not only reinforces the company’s footprint in the UAE but also highlights its growing presence in the Middle East’s competitive construction sector.