Hassan Allam and partners secure 1,200-megawatt solar deal to advance Egypt’s renewable energy sector
Landmark agreement highlights regional leadership in clean energy transition.
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Vista Investment Partners deepens tech portfolio with $3.85-million NVIDIA stake
Investment reflects strategic focus on high-growth, high-impact sectors.
Attacq plans major $1.1 billion expansion of Waterfall City hub
Attacq’s ambitious growth plans have gained significant momentum through a strategic partnership with the GEPF.
Shares held by El-Sewedy brothers in Egyptian electric giant near $1 billion each
The El-Sewedys, founders of the electrical equipment manufacturing powerhouse, collectively hold a 51.05 percent stake in Elsewedy Electric.
Barry Stuhler’s Lighthouse Properties stake drops $3 million amid JSE sell-off
This decline compounds an earlier loss of $2.18 million recorded between June 19 and July 19.
Pick n Pay secures $471 million in Boxer IPO to drive growth strategy
Boxer's oversubscribed listing marks one of Africa’s largest IPOs in 2024.
Naguib Sawiris adds nearly $600 million to fortune, maintains spot among Africa’s richest
The Egyptian billionaire’s wealth growth is attributed to the performance of his diversified investment portfolio.
Orascom Development gets $155 million loan to support green tourism in Egypt
The loan comprises two tranches—$96 million and $57.3 million—aimed at financing green upgrades and unlocking growth potential in El Gouna.
Anglo American sells steelmaking coal business for $4.9 billion
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.
Kessington Adebutu gains $2.1 million from Wema Bank shares
Adebutu's stake surged by $3.26 million between Sept. 18 and Nov. 11, rising from $13.93 million to $17.19 million.
South African Saltzman family gains $15.7 million from Dis-Chem shares
This recent gain follows an earlier increase of $18.79 million between Sept. 13 and Oct. 26.
NCBA Bank acquires Unga Group’s $6.6-million loan portfolio from Absa Bank
The acquisition underscores NCBA’s commitment to strengthening its domestic operations while reinforcing its role as a leading financial institution in East Africa.
Remgro's Manta Bidco posts $2.3-billion revenue in H1 2024 revenue
The revenue growth was bolstered by a 2.3 percent rise in inpatient admissions and a 2.1 percent uptick in day cases.
Aga Khan IV's stake in Nairobi-based insurer Jubilee sees $1.7-million rebound
His investment has grown by $1.7 million over the past 10 days, cementing his position as a key player in Kenya’s investment landscape.
Brait reduces stake in Premier group to $284.4 million
Brait’s decision to reduce its stake in Premier comes after a successful R750 million ($41.3 million) accelerated bookbuild offering earlier this year.
Kenya’s Merali family sees $2.2-million loss as Sasini Tea shares decline on NSE
This latest decline has further impacted the Merali family’s stake, reducing its value to Ksh2.54 billion ($19.63 million) as of Nov. 22.