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.
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Investec, led by Fani Titi, seeks electricity trading license
If approved, the lender will purchase power from the Illikwa Solar PV Facility in the Free State and transmit it to its corporate headquarters in Sandton via Eskom’s infrastructure.
Zak Calisto’s Karooooo reports $250 million in 2025 revenue
Karooooo’s FY 2025 revenue hit $249.87 million, driven by subscription growth and global expansion, reaffirming its role as a leader in mobility solutions.
Dalia Khorshid drives Beltone to $56 million revenue in Q1 2025
Beltone’s Q1 revenue surged 111% to $56 million, driven by strong growth in NBFI and investment banking, reinforcing its lead in Egypt’s financial sector.
Lebanese-Nigerian tycoon Hassan Hammoud plans $50 million investment in Ogun
This development marks a significant milestone in Nigeria’s push to expand its manufacturing capabilities and create jobs.
Workers seek dues at Bernard Soi’s recently acquired Muhoroni firm
Bernard Soi’s takeover of Muhoroni Sugar sparks labor protests as workers demand unpaid dues, exposing tensions in Kenya’s push to privatize state mills.
Ackerman family sees $13.95 million decline in Pick n Pay stake
The recent dip is a reflection of the growing pressure facing one of South Africa’s most recognizable retail names.
Christo Wiese’s Shoprite stake jumps $97 million
His stake in the company has surged by over $97 million, driven by a strong rally in Shoprite’s shares on the Johannesburg Stock Exchange (JSE).
Zimbabwean billionaire Strive Masiyiwa sells $1.1 million in Netflix shares
Strive Masiyiwa, Zimbabwe's richest man, has been gradually reducing his stake in Netflix over the past year.
Oando, led by Wale Tinubu, wraps up pipeline repairs after spills
To prevent further incidents, Oando has initiated the sectional replacement of aging pipelines.
Samih Sawiris’ Orascom Development Egypt posts Q1 revenue of $127 million
Orascom Development Egypt posted $126.8 million in Q1 revenue, driven by hotels and land sales, despite a dip in real estate bookings.
PIC takes new shares worth $11.85 million in Neal Froneman-led Sibanye
PIC has increased its stake in Sibanye to 15.409% with a $11.85 million share purchase, signaling renewed confidence ahead of CEO Neal Froneman’s retirement.
Discovery co-founder Adrian Gore sees $60 million rebound in stake
The surge follows a strong rally in Discovery’s share price on the Johannesburg Stock Exchange (JSE).
Johann Rupert’s net worth rises by $488 million in 24 hours
The boost further cements his position as Africa’s second-richest person, behind Nigerian industrialist Aliko Dangote.
Strive Masiyiwa’s Cassava strikes deal to support AI growth in Africa
The partnership marks a strategic move by Cassava to deepen its commitment to digital transformation in Africa through scalable AI solutions.
Saki Macozoma sells manganese assets to Exxaro in $638 million deal
The transaction was executed through his investment company, Ntsimbintle Holdings, in partnership with Singapore-based OM Holdings.