South Africa’s biggest food producer to sell canned fruit business for one rand
This is part of the company’s ongoing efforts to streamline its operations and concentrate on its core business in the local market.
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Tope Shonubi’s Sahara and NNPC agree to improve energy access across Nigeria
The agreement was reached during a recent meeting between Sahara Group’s leadership team and NNPC’s Group CEO.
Jim Ovia makes over $4.6 million from Zenith Bank stake
Zenith Bank shares climb, lifting market cap above $1 billion, as investor sentiment strengthens.
Malagasy tycoon Hassanein Hiridjee's AXIAN Energy gets $5 million for renewable projects
The funding will help several solar and hydroelectric projects across Africa, many of which have stalled due to a lack of early-stage financing, move beyond the planning phase.
Anthony Joshua falls off 2025 Forbes list of highest-paid athletes
British-Nigerian boxing star Anthony Joshua falls off Forbes 2025 list of highest-paid athletes following earnings decline and costly defeat.
Fawry delivers Q1 revenue of $53.3 million under Ashraf Sabry
Fawry’s Q1 2025 revenue surged 65.1% to $53.3 million under Ashraf Sabry, with record digital transactions and profit, cementing its fintech dominance in Egypt.
Co-op Bank delivers Q1 profit of $53.3 million under Gideon Muriuki
Co-op Bank posted a $53.3 million Q1 profit, up 5.3%, driven by digital lending, strong interest income, and operational efficiency under CEO Gideon Muriuki.
Adrian Gore makes move in renewable energy for African SMEs
This marks the first time wheeled electricity, energy generated from remote wind and solar farms and delivered via the grid, has been made accessible to businesses of all sizes.
Algerian-born French tycoon Sue Nabi makes $14 million from Coty stake
Algerian-born French executive benefits from 10% rally in Coty shares, as stock momentum lifts wealth despite year-to-date losses.
Johann Rupert’s Richemont sees sales reach $24 billion
This was driven by a steady demand for high-end jewelry and solid growth in key markets such as the U.S., Europe, Japan, and the Middle East.
Samuel Dossou-Aworet-backed Tullow agrees to sell Gabon unit for $300 million
Tullow Oil Gabon holds all of Tullow’s non-operated working interests in Gabon, and the buyer is Gabon Oil Company.
Prosus, led by Koos Bekker completes $1.7 billion acquisition of Despegar
Prosus, led by Koos Bekker, finalizes a $1.7 billion Despegar deal to expand its lifestyle ecosystem across Latin America’s high-growth digital sectors.
James Mwangi gains $5.8 million as Equity Group shares soar
Mwangi’s stake has grown in value from Ksh5.44 billion ($42.06 million) to Ksh6.19 billion ($47.84 million).
Hisham Talaat Moustafa's TMG begins second phase of SouthMED following $20 billion in sales
TMG Holding launches SouthMED Phase 2 after hitting $20 billion in sales, setting new records and redefining luxury real estate on Egypt’s North Coast.
Egyptian tycoon Sadek El-Sewedy sees $55 million gain from company shares
Elsewedy Electric stock gains boost chairman's net worth amid infrastructure boom and energy transition in MENA region.
Moroccan billionaire Anas Sefrioui sees $102 million loss in 30 days
This follows a sustained downturn on the Casablanca bourse and rising investor concerns over the company’s financial performance in the 2025 fiscal year.