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Nassef Sawiris lifted his OCI stake to 57.5%, closing in on taking private the chemicals empire he spent two years dismantling. And Aliko Dangote is $5 billion richer as his refinery became Europe's biggest supplier of jet fuel and diesel after the Strait of Hormuz closed.
Justin Stanford left school alone as a teenager, built a cybersecurity firm from a Cape Town garage, then spent 15 years seeding the companies that became African tech — VALR, Wasoko, Aerobotics. He isn't a billionaire. He may be the man who built the ground they stand on.
South Africa ships ~80% of its manganese out as raw rock. Daphne Mashile-Nkosi spent two decades and $1.3 billion refusing to — building the world's largest sinter plant on bare Kalahari earth. Inside the beneficiation bet African mining is still arguing about.
Nassef Sawiris spent two years selling off OCI's fertiliser and methanol empire and paying shareholders billions. Now he's buying back the shell at a 2% premium to take it private. The lesson: value is realised by what you sell, not what you hold.
Geregu Power chairman Abdulaziz Yari has personally provided the funds to clear the company's N40.09 billion ($29 million) bond after a recent default.
Chris Otto's family office and Dimension Data co-founder Richard Came have backed Comsol's wholesale 5G network, launching this month.
Robinhood chief Vlad Tenev says global markets are in an early 'tokenization supercycle,' as on-chain equity trading reportedly hit a record $9 billion this year.
Theresa Oppong-Beeko graduated from the University of Ghana, went into fishing, failed with $2.5 million in debt, returned to study, and built Manet Group into a $420 million Ghanaian real estate empire.
Elon Musk says SpaceX will reach $1 trillion in revenue by 2030, but with analysts forecasting just $44.6 billion this year, Amazon may claim the milestone first.
Justin Stanford dropped out of school on a Western Cape apple farm, built a pan-African cybersecurity company from a garage, and launched 4Di Capital, the early-stage fund that seeded Wasoko, Aerobotics and VALR.
Combined Motor Holdings will pay three of its executive directors and their family trusts R745 million ($46 million) for 13 dealership properties it already leases.
An Algerian court has postponed to August 31 a money-laundering case centered on funds belonging to jailed tycoon Mahieddine Tahkout, with four private investors accused.
Mark Zuckerberg and his wife Priscilla Chan have reportedly bought Strancally Castle in County Waterford, a Gothic-revival mansion set on a 440-acre riverside estate.
Nassef Sawiris bought a further 320,708 OCI shares on Wednesday, taking his combined holding to 57.5% as his takeover offer proceeds.
Naguib Sawiris has become chairman of Orascom Investment Holding, whose shareholders approved a loan of up to $10 million from its principal owner.
Trustco shareholders rejected Riskowitz's bid to replace the board, a second failed attempt in six months to remove Namibian tycoon Quinton van Rooyen.