Internet group led by South African billionaire Koos Bekker buys back $196 million in shares
While continuing its buyback program, Prosus is also looking ahead, with plans to invest nearly $20 billion in Europe.
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South African tycoon Adrian Gore makes $41 million from Discovery stake in just 8 days
The rebound follows a $22.6 million decline in his stake between January 7 and 19.
Egyptian tycoon Mohamed Morshedy’s firm buys iconic Fouda Tower for $49.7 million
Morshedy Group is set to redevelop the 50-story Fouda Tower into a luxury mixed-use development featuring high-end residences and a premium hotel.
Alex Karp joins U.S. Black billionaires worth over $10 billion
His net worth has climbed by $3 billion since the start of the year, rising from $7 billion.
Abdallah Sallam’s Madinet Masr backs Disney on Ice grand finale in Cairo
The event, celebrating 100 years of Disney magic, reflects Madinet Masr’s commitment to enriching Egypt’s cultural and entertainment scene.
Nigerian banker Adaora Umeoji-led Zenith Bank lists 9.67 billion shares on NGX after hybrid offer
Zenith Bank adds 9.67 billion shares on NGX, capital boost meets CBN requirement.
UK-based firm opposes Dominic Sewela-Barloworld’s delisting plan
UK-based investor Silchester rejects $1.24-billion offer, arguing it undervalues the company and lacks sufficient shareholder backing.
Sayyu Dantata’s MRS Oil cuts petrol price after Dangote Refinery’s reduction
This follows Dangote Oil Refinery’s recent move to lower its ex-depot price by 6.3 percent, from N950 ($0.64) to N890 ($0.60), after a drop in global crude oil prices.
Egypt’s second-richest man, Naguib Sawiris’ net worth soars past $7 billion
With his net worth now at $7.27 billion, Sawiris remains Egypt’s second-richest man, trailing his younger brother, Nassef Sawiris, who is worth $8.99 billion.
South African tycoon, Terrence Moolman, rakes in $4 million from Caxton shares
In just six days, the market value of his stake has climbed by $4.06 million, bringing his total holdings to $124.26 million.
Egyptian billionaire Hisham Talaat Moustafa unveils $27 billion plan to rebuild Gaza
His plan focuses on housing, infrastructure, and international cooperation to address the crisis.
Refinery owned by Africa’s richest man set to hit full capacity in 30 days
The refinery last month announced plans to construct eight new crude storage tanks to secure a stable supply of imported oil.
South African billionaire Michiel le Roux's Capitec Bank stake rebounds above $2.2 billion
Capitec Bank shares have edged up 1.07 percent since Jan. 1, despite an early dip in January.
How a tailor’s son became a multimillionaire: The rise of Nigerian industrialist Razaq Okoya
Okoya’s legacy is about people. His companies employ over 5,000 Nigerians and support the livelihoods of more than 25,000 others who sell Eleganza products.
Egyptian tycoon Hassan Allam’s group expands agri-portfolio with Jinet Agriculture
As part of this move, Jinet Agriculture has acquired 14,100 feddans in West Minya from the Egyptian Countryside Development Company.
Egyptian tycoon Hani Berzi faces $6.9 million loss as Edita Food stake plunges
Wary investors have been pulling back from the company as part of a broader shift on the EGX, increasing selling pressure on Edita Food’s stock.