Jay-Z’s Marcy Ventures joins forces with Pendulum Holdings' investment arm
This strategic move brings together two powerhouse entities and marks a significant step toward consolidating Black-led financial influence.
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Koos Bekker-linked family trust offloads $162 million in Prosus stock
This highlights Bekker’s approach to blending technology investments with high-end real estate, showcasing his commitment to diversified growth.
Aradel-backed consortium gets approval for $2.4 billion Shell deal
The transaction has been designed to preserve SPDC’s operational integrity post-acquisition.
South African billionaire Ivan Glasenberg loses $1.9 billion on Glencore stake
Glencore's share price slump wipes out $1.9 billion from Ivan Glasenberg's stake.
Clicks Group, led by Bertina Engelbrecht, attracts $31.5 million JP Morgan bet
The financial giant acquired additional shares worth $31.48 million, increasing its stake by 0.56 percentage points to 5.96 percent.
Moroccan tycoon Anas Sefrioui gains over half a billion dollars from ADH stake
This surge reflects growing investor confidence in ADH, cementing Sefrioui's position among the wealthiest investors on the Casablanca bourse.
Palantir secures $618.9 million deal to extend U.S. Army Vantage partnership
This builds on Palantir’s ongoing role in modernizing the Army’s data infrastructure to drive operational efficiency.
Bakhresa invests $8.4 million to expand juice production capacity
Tanzania’s Bakhresa Group doubles down on fruit juice production, boosting agriculture and exports.
Oando posts $725 million revenue in Q3 2024, records $8.5 million net profit amid operational efficiency
Oando achieves strong financial performance, driven by cost management and improved operations.
Hassan Allam’s leadership drives Egypt’s $1.1 billion Gulf of Suez wind farm project
Hassan Allam leads Egypt’s renewable energy transformation with a landmark wind farm project.
Isabel dos Santos denies corruption claims, criticizes UK sanctions over $440 million allegations
Angolan businesswoman Isabel dos Santos rejects corruption allegations, calling UK sanctions politically motivated.
Nicky Oppenheimer's top 5 philanthropic contributions: Shaping Africa's future through education, conservation and economic empowerment
Nicky Oppenheimer’s transformative philanthropy impacts millions across Africa.
Strive Masiyiwa's Cassava raises $310 million for growth, restructuring
Funding supports debt refinancing, restructuring, and expansion across Africa and globally, solidifying its position as a technology leader.
Sibanye gets $500 million upfront in streaming deal with Franco-Nevada
In exchange for gold and platinum streams from its Marikana, Kroondal, and Rustenburg operations, Sibanye receives a $500 million upfront payment.
Sadek El-Sewedy gains $405 million from Elsewedy Electric despite currency devaluation
Sadek El-Sewedy’s stake could have seen a higher growth of $633.88 million if not for the 39.16 percent devaluation of the Egyptian pound.
Hassan Allam unit to build first international port terminal in Upper Egypt
The move underscores the deepening trade relationship between Egypt and the UAE.