South African executive Laurence Rapp-led Vukile Property Fund raises $28.4 million in bonds
Vukile Property Fund raises $28.4 million through bonds, cutting debt costs and boosting its retail portfolio in South Africa and Iberia.
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Malawi gains second billionaire as Hitesh Anadkat’s stake in FMB tops $1 billion
Hitesh Anadkat becomes Malawi’s second billionaire as his FMB Capital stake surpasses $1 billion.
Burkina Faso’s richest banker Idrissa Nassa drives Coris Bank to $60 million H1 profit
Idrissa Nassa’s Coris Bank International posts a $60M profit in H1 2025, powered by strong deposits and rising banking income despite higher risk costs.
Egypt’s richest family bags $15.1M dividend as Orascom posts $1.96B H1 revenue
Egypt’s Sawiris family, the country’s wealthiest dynasty, secured a $15.1M dividend from Orascom’s H1 results as revenue reached $1.96B.
Ghanaian real estate developer Eric Ebo Acquah wins $1 million in loan case
Blue Rose founder Eric Ebo Acquah wins $1 million after court finds Shelter Afrique breached $5.2 million housing loan.
Nigerian billionaire Abdul Samad Rabiu sees $400 million decline in net worth
Abdul Samad Rabiu’s net worth drops $400 million following a decline in BUA Cement shares.
Egyptian tycoon Ahmed El-Sewedy loses $65 million on Elsewedy Electric stake
Ahmed El-Sewedy loses $65 million as Elsewedy Electric shares drop, reflecting market caution.
South African businessman Des de Beer to receive $5.2 million from Lighthouse
Des de Beer will receive $5.2 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.
Sasol, led by Simon Baloyi, works to protect $80 million in chemical exports from U.S. tariffs
Sasol faces $80 million U.S. tariff impact but posts higher profits, cuts impairments, and plans strategic growth under Simon Baloyi.
Nigerian banker Jim Ovia’s Zenith Bank stake drops $21 million in 3 weeks
Jim Ovia loses nearly $21 million as Zenith Bank shares slide over 22 days, pulling market value under $2 billion.
Remgro, owned by South Africa’s richest man Johann Rupert, wins approval for eMedia restructuring
Johann Rupert’s Remgro gets Competition Commission approval for eMedia Holdings to acquire full control of eMedia Investments.
Palantir CEO Alex Karp unloads $110 million in stock within 100 days
Alex Karp has sold more than $110 million in Palantir shares within 100 days amid stock volatility and tax obligations.
Nigerian tycoon Muazzam Mairawani plans $600 million cement plant to rival Dangote, Rabiu
Nigerian tycoon Muazzam Mairawani plans a $600 million cement plant in Kebbi, challenging Dangote Cement and BUA.
6 South African billionaire heirs and how they’re shaping their own paths
They could simply guard old wealth, but these seven South African heirs are stepping into art, sport, and renewables to build legacies of their own.
Black executive Marvin Ellison leads Lowe’s expansion with $8.8 billion FBM purchase
The move reflects Ellison’s push to strengthen Lowe’s footprint and deliver stronger earnings.
Coty posts $381 million loss in 2025 under Algerian-born executive Sue Nabi
Coty, led by Algerian-born executive Sue Nabi, posted a $381 million loss in 2025 as weak demand and currency pressures hit sales of fragrances and cosmetics.