Fairtree invests $210 million in South Africa’s richest man Johann Rupert’s Remgro
This reinforces Fairtree’s commitment to investing in high-quality South African businesses while expanding its footprint in the country’s equity market.
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South African billionaire Adrian Gore’s Discovery rakes in $377.9 million profit in H1 2025
The solid performance came despite a tough economic climate, driven by growth in its core businesses, customer acquisition, and steady global expansion.
South African gov’t engages ArcelorMittal SA, linked to Noluthando Gosa, to prevent steel plant closure
The discussions follow failed rescue efforts and mounting financial pressure on the company.
South African billionaire Jannie Mouton’s Capitec stake dips below $1 billion
Jannie Mouton’s Capitec Bank stake, which was valued at $1 billion on Feb. 26, has now dropped to $979.41 million.
Africa’s richest man set to pocket nearly $300 million in cement dividends
Inside Africa’s richest man’s payday from his cement empire, Dangote Cement Plc.
Struggling cereals firm linked to Kenyan tycoon Ngugi Kiuna receives $10 million buyout offer
The troubled company is pinning its hopes on the potential investor, who has reportedly offered $10 million to revive operations and settle debts owed to KCB Bank Kenya.
RCL Foods, backed by South Africa’s richest man, reports $730 million in half-year revenue
Revenue climbed to $730 million, while profit surged to $63 million, reflecting strong execution across key segments.
Moroccan pharma executive Lamia Tazi gains $8.14 million from Sothema stake
Tazi holds an 8.19 percent stake in Sothema, equivalent to 589,658 shares.
Stephen Saad leads Africa’s largest drugmaker to $1.2 billion in half-year revenue
The growth was fueled by the successful integration of acquired products in Latin America.
Egyptian tycoon Hani Berzi’s Edita Foods stake surges past $170 million
His stake's market value has climbed by $5.75 million, reversing some of the sharp declines recorded earlier this year.
Absa, led by Sello Moloko, strikes deal to expand South Africa’s mobile marketplace for farmers
The investment aims to improve agricultural efficiency and expand market access in one of Africa’s most crucial sectors.
Natie Kirsh, Africa’s oldest billionaire, is half a billion dollars richer this year
At 93, his fortune has grown by $504 million since January, pushing his net worth from $9.3 billion to $9.83 billion, according to the Bloomberg Billionaires Index.
GB Corp., led by Egypt’s Ghabbour family, reports $58 million profit in 2024
This was driven by robust growth in both its automotive and financial services arms, underscoring its key role in Egypt’s automotive sector.
Malawi’s 15 richest people
Billionaires.Africa profiles Malawi’s 15 richest business leaders, highlighting their industries, key holdings, and financial impact.
Egyptian tech tycoon Ashraf Sabry’s Fawry posts $31.8 million profit in 2024
The company’s financial performance reflects its dominant position in Egypt’s digital payments sector and the country’s growing shift toward cashless transactions.
Asoma Banda, Ghanaian business icon and philanthropist, dies at 91
His passing has been met with an outpouring of tributes from business leaders and close associates, reflecting on his remarkable legacy.