Moroccan billionaire Anas Sefrioui loses nearly $200 million in Addoha stake
Anas Sefrioui’s stake in Groupe Addoha drops $199 million after shares fall 16 percent amid Morocco property concerns.
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South African tech founders Brett and Mark Levy pocket $4.3m as Cell C rebound drives bonuses
Blu Label’s co-CEOs reaped R74.3m ($4.3m) in 2025, driven by incentive plans tied to Cell C’s restructuring and surging share price.
Nigeria’s bank chiefs: Big salaries, luxury homes, but tiny stakes
Nigeria’s leading bank CEOs command giant lenders, yet their own stockholdings remain modest by global standards — raising questions about alignment with investors.
Richard Stewart succeeds Neal Froneman as Sibanye CEO
Sibanye-Stillwater names Richard Stewart CEO as Neal Froneman retires, with stock hitting record highs.
Nigerian billionaire Adebayo Ogunlesi’s GIP eyes $40 billion U.S. power company deal
Adebayo Ogunlesi’s Global Infrastructure Partners is in advanced talks for a takeover of Virginia-based AES Corp.
Prosus, led by Koos Bekker, clears $4.3 billion Just Eat Takeaway deal
Prosus, chaired by Koos Bekker, secures 90% of Just Eat Takeaway in a $4.73 billion deal, marking its biggest European acquisition in years.
Jailed Angolan billionaire Carlos São Vicente taken to Luanda clinic for urgent medical checks
Carlos São Vicente, imprisoned in Angola for economic crimes, was taken to a Luanda clinic for specialist tests, prompting speculation over his health.
Kevin Hart leads $35 million funding for AI weight-loss app
Kevin Hart’s Hartbeat Ventures leads $35 million funding for Simple, an AI health app with 700,000 subscribers.
Nigerian gas tycoon Julius Rone nears FID on $5 billion FLNG project with Vitol as key buyer
At Africa Energy Week 2025 in Cape Town, Rone confirmed the $5 billion FLNG project is nearing FID, with Vitol and Seplat on board.
Billionaire Strive Masiyiwa boosts family governance as two daughters join Econet Wireless board
Econet Wireless Zimbabwe adds Sarah Masiyiwa as alternate director alongside Elizabeth Tanya, cementing the Masiyiwa family’s legacy in the telecom empire.
Egyptian businessman Hani Berzi gains $25 million as Edita stock surges
Hani Berzi’s stake in Edita Food Industries rises above $120 million after stock surges on the EGX.
U.S.-Nigerian telecom tycoon Sam Darwish’s IHS invests $750 million in solar, hybrid power projects
IHS invests $750 million in solar and hybrid power in Nigeria, advancing clean energy and sustainability goals.
South African billionaire Michiel Le Roux’s Capitec reports $326 million half-year profit
Capitec Bank, founded by billionaire Michiel le Roux, posted $326.4 million profit in H1 2026, lifted by higher income and tight cost control.
Kenyan tycoon TK Muya’s Family Bank plans Nairobi Stock Exchange listing
Kenyan tycoon TK Muya’s Family Bank plans NSE listing as shareholders meet to approve debut after decades of growth.
Nigerian banker Roosevelt Ogbonna buys $20 million home on London’s Billionaires' Row
Nigerian banker Roosevelt Ogbonna acquires $20 million Hampstead home as London’s luxury housing market cools.
South Africa’s richest Johann Rupert gains $1.2 billion in September
Johann Rupert’s wealth jumped $1.2 billion in September, lifting his net worth to $17.3 billion on Richemont gains.