Kenyan businessman Suresh Bhagwanji Shah set for $2 million I&M dividend
Kenyan businessman Suresh Bhagwanji Shah is set to earn $2.06 million after I&M Bank declared a stronger interim dividend.
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Patrice Motsepe-backed Harmony Gold eyes Newmont copper venture in Papua New Guinea
Patrice Motsepe-backed Harmony Gold weighs a multibillion-dollar copper venture with Newmont in Papua New Guinea.
TotalEnergies to take 50% of OPL257 from Nigerian billionaire Mike Adenuga’s Conoil
Conoil Producing sells 50 percent of OPL257 to TotalEnergies, keeping 10 percent, advancing Nigeria’s offshore oil development.
Mauritius-based investor Peter McAllister Todd’s Afine stake falls $3 million
Peter McAllister Todd’s Afine stake drops $3.2 million as the small-cap property firm faces a sharp slide on the Johannesburg Stock Exchange.
Christo Wiese-backed Pepkor joins Investec to launch zero-fee banking service
Pepkor and Investec discuss a zero-fee banking service to reach millions of lower-income South Africans.
Kampala-based entrepreneur Agnes Aistleitner Kisuule's First Circle Capital secures $6 million
Agnes Aistleitner Kisuule’s First Circle Capital raises $6 million to support African fintech founders.
Harrods to remove Egyptian billionaire Mohamed Al-Fayed escalators following $83.9 million victim
Harrods replaces Al-Fayed’s Egyptian-themed escalators following $83.9 million victim compensation, unveiling a brighter, spacious central area.
Iwosan Investments, co-founded by Nigerian businessman Fola Adeola, buys Paelon Memorial Hospital
Fola Adeola’s Iwosan Investments buys Paelon Memorial Hospital, strengthening its nationwide healthcare expansion.
Reinet, led by South African billionaire Johann Rupert, posts $7.8 billion in net assets
Reinet Investments, led by Johann Rupert, posts $7.8 billion in net assets despite a $298 million decline amid market volatility.
Kanye West’s Skims stake soars to $250 million after $5 billion valuation
Kanye West’s 5 percent stake in Skims climbs to $250 million after the brand hits a $5 billion valuation.
South African executive Thabo Mabe takes top job at Dangote Sugar Refinery
South African executive Thabo Mabe is set to lead Dangote Sugar, driving $700 million expansion and growth at the sugar producer.
South African executive Gus Attridge loses $10 million as Aspen shares fall
South African pharma leader Gus Attridge sees a $10.7 million drop in his Aspen stake as the drugmaker’s shares slide and investor concerns deepen in 2025.
Kenyan tycoon Peter Munga in $30 billion coal dispute with Chinese investors
The rights to Kitui's Mui Basin coal blocks are the subject of a $30 billion coal dispute between Kenyan tycoon Peter Munga and Chinese investors.
South African billionaire Ackerman family set to offload Pick n Pay shares
The Ackerman family plans to sell up to 8.5 percent of Pick n Pay shares to support the retailer’s turnaround efforts.
Sankei Ole Kenga's Enkisoma lands $9.3 million to widen access to Kenya’s private schools
Enkisoma Africa and MyCredit are funding digital labs for 150 Kenyan schools, offering financing and full support to ease adoption.
Egyptian billionaire Naguib Sawiris cuts London penthouse price by $13.2 million
Sawiris lowers London penthouse price to $92.2 million as UK luxury market struggles and wealthy investors reconsider holdings.