Naguib Sawiris calls on Egypt’s President to reevaluate mega-projects amid dollar shortage
Sawiris cautioned that the ambitious projects require substantial foreign currency, straining Egypt’s economy.
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South African exec. Duncan Wanblad-led Anglo American deepens ties with Botswana in diamond deal
De Beers secures a 25-year extension for Debswana’s mining licenses, reinforcing its leadership as Botswana rebalances its diamond trade strategy.
Nigerian energy magnate Austin Avuru’s Seplat targets 14 trillion cubic feet of gas from new assets
Seplat Energy targets 14 trillion cubic feet of gas to boost Nigeria’s energy security, expand crude output, and drive economic growth through strategic acquisitions.
Eswatini’s richest man Natie Kirsh sees $100 million drop in net worth
Kirsh, who built his empire from a family sorghum-malt business in 1952, derives most of his fortune from his 75-percent stake in Jetro Holdings.
Ghabbour family, one of Egypt’s wealthiest, gains $21.5 million from GB Corp.
The recent rally in GB Corp.’s shares has pushed the Ghabbour family’s stake to nearly $234 million.
America’s first Black female billionaire offloads luxury property for $2.23 million
This sale marks a shift in her hospitality portfolio as she moves on from the property after two decades.
Credit Bank, owned by Kenya’s wealthy Nyachae family, cleared to sell stalled skyscraper project
The decision comes after a legal battle with Jabavu Village Limited and Hasscon Pharmaceuticals Limited, which had borrowed the funds.
15 richest mining tycoons in South Africa
Their influence extends far beyond the mines, reaching into banking, infrastructure, and energy—sectors that form the backbone of Africa’s most industrialized economy.
Burkina Faso’s banking mogul Idrissa Nassa’s Coris Bank Togo hits $845 million in assets
The steady growth underscores Coris Bank International’s commitment to expanding its West African footprint under Idrissa Nassa’s leadership.
Billionaire golfer Tiger Woods defies Puma’s lawsuit, pushes forward with clothing brand
Tiger Woods takes major step to establish Sun Day Red despite ongoing legal pressure from the sportswear giant.
Standard Bank, led by South African banker Sim Tshabalala, unveils $397 million boost for SMMEs
The move is set to widen credit access, stimulate job creation, and bolster economic resilience.
Egyptian billionaire Hisham Talaat Moustafa leads TMG to record $843.3 million revenue in 2024
The company’s growth is attributed to the continued success of its real estate ventures and the booming hospitality sector.
South African executive Simon Baloyi-led Sasol posts $6.7 billion in revenue in H1 2024
The decline in revenue was driven by a combination of weaker oil prices, a 5 percent drop in sales volumes, and softer market demand.
Africa’s richest man Aliko Dangote is $213 million richer this year
The increase is tied to his 86 percent stake in Dangote Cement Plc, Africa’s largest cement producer, which has gained nearly $200 million in value this year.
Egypt’s richest family powers major expansion at the American University in Cairo
The company has secured the contract to develop “Campus 2026,” a major expansion of The American University in Cairo (AUC).
Zimbabwe’s richest man urges local venture funding, pushes for high school entrepreneurship
Strive Masiyiwa believes a stronger local investment ecosystem would create a more sustainable future for entrepreneurs across the continent.