Billionaire Yasseen Mansour's Palm Hills posts 29.55 percent profit jump to EGP 4.22 billion in 2025
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
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Steel tycoon Sikander Lalani's Roofings Group launches e-commerce platform to bring steel sales online across Uganda
Sikander Lalani's Roofings Group has launched an e-commerce platform with Tech Mahindra, enabling customers worldwide to browse, order and pay for steel products online.
African Wealth Daily Briefing — Fri., March 20, 2026
Three South African founders became instant billionaires after selling BVNK to Mastercard for $1.8 billion, Dangote's refinery powered Nigeria to a $4.23 billion balance of payments surplus, and Zenith Bank hit an all-time high on plans for a London listing.
Hesham El Ghoroury's Tiba wins Amethis backing to scale Egypt's rice-based food ingredients export push
Hesham El Ghoroury's Tiba for Starch & Glucose has secured a minority stake from Amethis to scale production capacity and expand into global export markets.
Chevron sells Angola oil blocks to Energean in $260M deal
Chevron is selling its stakes in two offshore Angola oil blocks to Energean for $260 million, marking the US major's latest portfolio trim.
South African trio sells stablecoin startup BVNK to Mastercard for $1.8 billion, becoming instant billionaires
South African co-founders Jesse Hemson-Struthers, Donald Jackson and Chris Harmse have sold stablecoin startup BVNK to Mastercard for up to $1.8 billion.
Mellody Hobson's $1 billion women's sports fund would be the largest ever
Ariel Investments is pushing Project Level toward a $1 billion target after closing $250 million for its women's sports fund.
Dangote Refinery drives $3.74 billion in crude imports into Nigeria as trade patterns shift
Aliko Dangote's refinery drove $3.74 billion in crude imports into Nigeria in 2025, flipping the country's oil trade script entirely.
Turkish billionaire Fuat Tosyali pushes Algeria steel complex to 8 million tons with new cold rolling mill
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Aliko Dangote's refinery helps push Nigeria's balance of payments to $4.23bn surplus in 2025
Nigeria swung to a $4.23 billion balance of payments surplus in 2025, powered by Dangote Refinery exports and surging diaspora remittances.
Idrissa Nassa's Coris Bank takes another shot at Cameroon, the CEMAC region's most lucrative banking market
Coris Bank International has filed to enter Cameroon, seeking a foothold in the CEMAC region's largest and most profitable banking market.
Jim Ovia's Zenith Bank reclaims Nigeria's most valued lender
Jim Ovia's Zenith Bank Plc reclaimed its position as Nigeria's most valuable lender after shares surged to an all-time high of N111.
Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Uganda signs a deal with the Sawiris family's Orascom Construction to study a light rail system for Kampala
Uganda signed a deal with Egypt's Orascom Construction to study whether a light rail transit system for Kampala is viable.
African Wealth Daily Briefing — Thurs., March 19, 2026
The Economist says Dangote's empire isn't as innovative as he claims, Rupert is fighting a friend over a R2.3 billion Stellenbosch deal, Transcorp just posted record revenue of $399 million, and Motsepe is being tipped as South Africa's next president.
Dis-Chem founders' sons Mark and Dan Saltzman sold $37.9 million in shares months after inheriting a $400 million stake
Mark and Dan Saltzman have sold R642 million ($37.9 million) in Dis-Chem shares months after inheriting a R6.8 billion stake from their parents.