Hani Berzi's Edita Foods stake drops by more than $130 million
The decline stems from a steep fall in the company’s share price on the Egyptian Exchange (EGX) and the sharp devaluation of the Egyptian pound.
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Patrice Motsepe faces $195-million lawsuit over alleged non-compete breach in Tanzania
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BUA Group partners with Starlinger for packaging production facility with six hundred million-bag capacity
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Egyptian billionaire Naguib Sawiris unveils $150 million hotel project in Cairo
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Dawie de Villiers receives $2 million compensation for 2024 fiscal year at Alexforbes Group
This represents a significant 89.68 percent surge from the R19.16 million ($1.07 million) he received in the previous year 2023.
Alex Karp’s Palantir extends $36.8 million AI deal with U.S. Special Operations
This extension highlights Palantir's growing influence in defense, leveraging its expertise in artificial intelligence and data analytics to modernize mission-critical systems.
Seplat Energy acquires ExxonMobil Nigeria for $800 million
The deal strengthens Seplat’s leadership in the country’s energy sector and enhances its global standing.
South Africa's top billionaire gains $800 million within eight days
Johann Rupert's net worth surged to $13.8 billion, nearing $14 billion for the first time since October.
Geregu Power eyes $40 million quarterly revenue target for early 2025
Geregu Power, led by Nigerian billionaire Femi Otedola, targets $40 million revenue in Q1 2025 as it builds on robust 2024 performance.
James Mwangi gains $17.6 million as Equity Group shares rise
In 2024, the market value of Mwangi's stake increased by Ksh1.51 billion ($17.57 million), fueled by a robust stock performance on the NSE.
Sibanye Stillwater sells Beatrix 4 shaft for $28 million to advance Beisa uranium project
The sale reflects a shift in the company’s strategy, prioritizing growth in sectors such as battery and precious metals, while monetizing its uranium assets.