Nigerian gambling magnate Kessington Adebutu loses $3.6 million from Wema Bank shares
This setback follows a challenging year for Adebutu, who saw his Wema Bank stake drop by $2.73 million in 2024.
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South African mining expert, Moses Madondo, to lead billion-dollar thermal coal exporter
Madondo, who currently serves as CEO of De Beers Group Managed Operations, brings over 25 years of experience in the mining industry to his new role.
Egypt's billionaire family-led Elsewedy Electric to power Greece’s first large-scale battery storage project
The project, the first of its kind in Greece, signals a pivotal moment in Elsewedy Electric’s aggressive expansion strategy within the renewable energy sector.
Craig Arnold’s Eaton stake hits $255 million, solidifying his place among America’s richest Black executives
Eaton’s growth is also reflected in its strong financial results, including a 9-month net sales increase of 8.18 percent year-over-year.
Namibian businessman Quinton van Rooyen’s Trustco mulls delisting to sharpen growth focus
Trustco Group considers delisting from the JSE, NSX, and OTCQX to streamline operations, focus on growth, and pursue broader international opportunities.
South Africa’s richest man, Johann Rupert, gains $1.64 billion in first three weeks of 2025
Forbes' real-time billionaire rankings still list Rupert as Africa’s richest person, with a net worth of $13.1 billion.
South African billionaire Saltzman family's Dis-Chem stake declines by $26.3 million
This comes after a period of growth in 2024, reflecting the group’s resilience last year.
Airtel Africa joins forces with Bajaj Finance to launch digital financial platform
The collaboration aims to revolutionize last-mile delivery of financial services by leveraging their combined scale and distribution reach.
London office skyscraper owned by Eswatini’s richest man loses $76 million in value
While the property has seen a decline in market value, Natie Kirsh’s wealth has grown remarkably.
Caxton appeals to constitutional court over Media24’s $2.5 million restructuring deal
Caxton appeals Media24’s $2.5 million restructuring plan, citing risks to media diversity, rural access, and competition in South Africa’s shifting print landscape.
Nigerian oil mogul Wale Tinubu’s Oando wins Angola’s KON 13 block
This marks a key step in the company’s efforts to increase its oil production capacity to 100,000 barrels per day as part of its broader global expansion plans.
10 companies owned by Egyptian billionaire El-Sewedy family
The El-Sewedy family leads a diverse portfolio of energy, electrical, and infrastructure companies across the Middle East and Africa.
South African insurance tycoon Adrian Gore’s Discovery stake drops below $500 million
This marks a reversal after his stake surged by $147.4 million in 2024, reaching $525.12 million in 2024.
Sasol, led by South African executive Simon Baloyi, plans to revive and list chemical division
Sasol has been working to optimize the project’s performance, restore investor confidence, and explore strategic options—including an Initial Public Offering (IPO).
Egyptian billionaire Yasseen Mansour’s Palm Hills stake dips by $3.5 million
Mansour, one of Africa’s leading business leaders, holds a 10.83-percent stake in the Cairo-based real estate firm, equating to 318,574,726 shares.
MTN Nigeria, led by Karl Toriola, secures $27.1 million through commercial paper issuance
The issuance is part of the company’s N250-billion ($160.56 million) commercial paper program.