Egyptian tycoon Ibrahim Al Organi backs $5 billion mega project, steering Organi Group’s bold expansion
The consortium aims to take on large-scale projects across Egypt and beyond, targeting $500 million in business volume in its first year.
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South African billionaire Koos Bekker’s net worth climbs to $3.2 billion as Tencent adds DeepSeek AI to WeChat
The $200-million windfall is tied to Bekker’s stakes in Africa’s most valuable company, Naspers, and its Amsterdam-based subsidiary, Prosus.
South African exec. Duncan Wanblad-led Anglo American announces nickel business sale for up to $500 million
Anglo-American, led by South African executive Duncan Wanblad, has agreed to sell its nickel business to MMG Limited for up to $500 million.
Basil El-Baz: Egyptian tycoon behind $10.8 billion petrochemical revolution
More than two decades into his career, Basil El-Baz has not only built billion-dollar ventures but has also reshaped Egypt’s petrochemical industry.
Botswana businessman Duncan Lewis’ CA&S Group acquires stake in Tradco, expanding East African presence
CA&S Group expands in East Africa with a 35% stake in Tradco, strengthening its FMCG presence and positioning for long-term market growth.
Mauritian businessman Arnaud Mayer’s Evaco Group reports $1.2 million loss in H1 2024
Revenue dropped from MUR347.94 million ($7.5 million) to MUR232.4 million ($5 million), while finance costs surged to MUR63.1 million ($1.36 million).
Wealthy Black executive Marvin Ellison’s Lowe’s investment dips below $200 million
Over the last 21 days, Ellison’s shares in Lowe’s, amounting to 748,000 shares, declined by more than $12 million.
Africa's richest man’s biggest bet: The $23 billion investment in Dangote Refinery
Reflecting on the decade-long journey to completion, Dangote told Forbes, “If this didn’t work, I was dead.”
Kenyan investor Baloobhai Patel buys $1.1 million additional stake in Co-op Bank
This move reflects his confidence in the bank’s potential and his ongoing commitment to expanding his influence in Kenya's financial industry.
Shaquille O'Neal signs $15 million deal to keep 'Inside The NBA' crew intact
The deal extends as long as ESPN carries the program, securing the award-winning broadcast team at Turner Sports, which is part of Warner Bros. Discovery.
Top 10 South African businessmen driving change in real estate
From thriving city centers to expanding suburban areas, demand for both residential and commercial properties is growing steadily.
South African businessman Barry Swartzberg’s Discovery stake rebounds by $20 million
The surge cements Swartzberg’s position as one of South Africa’s richest investors and a key player on the JSE.
Egyptian steel tycoon Ahmed Ezz makes over $37 million from Ezz steel stake
With an output surpassing 5 million metric tonnes each year, Ezz Steel continues to outperform regional rivals like Saudi Arabia's Hadeed and Emirates Steel.
South African tycoon Steven Herring-led Heriot REIT, raises stake in JSE-listed Texton to $15.4 million
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Heriot REIT.
Ethiopia's richest man adds $552 million to his net worth in 2025 after last year's loss
His net worth now stands at $9.4 billion, reinforcing his status among the world’s wealthiest individuals.
Egyptian real estate tycoon Abdallah Sallam's Madinet Masr hits $911 million in 2024 contract sales
Madinet Masr posts record $910.5 million sales in 2024, driven by strategic expansion and strong market demand, reinforcing its leadership in Egypt’s real estate sector.