South African businessman Swartzberg nets $36 million from Discovery stake
Swartzberg, a top figure in South Africa’s financial services industry, owns a 3.92-percent stake in Discovery, about 25.95 million shares.
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Trustco, led by Quinton van Rooyen, loses $11 million tax case
Trustco loses court bid as Namibia upholds NAD305.5 million ($16.7 million) tax recovery.
Kenya’s largest landowner loses $9.5 million on NCBA stake
This drop comes after a significant fall in the bank’s share price on the Nairobi Securities Exchange (NSE).
Ahmed Wadi’s Money Fellows raises $13 million to expand beyond Egypt
This brings the Cairo-based fintech startup's total funding to just over $60 million.
IHS stake of U.S.-Nigerian telecom executive Sam Darwish tops $60 million
This is linked to an increase in IHS Holding’s share price on the New York Stock Exchange (NYSE), driven by renewed investor confidence.
Kenya gets $20 million from World’s richest investor after Trump's grant cuts
The donation, part of the external funding for Kenya’s 2025/26 budget, marks another significant philanthropic effort by the 94-year-old billionaire.
Absa Group Chair Sello Moloko to step down in July
René van Wyk, a former interim CEO of the bank and seasoned regulator, will take over as chairperson of both Absa Group and Absa Bank.
GEIL completes $400 million onshore project under Anthony Adegbulugbe
Anthony Adegbulugbe’s GEIL completes the $400 million Otakikpo terminal, Nigeria’s first indigenous onshore crude export hub in over 50 years.
World’s first Black billionaire leads real estate trust to $328 million Q1 revenue
RLJ Lodging Trust posted $328.1 million in Q1 revenue, a modest gain, as hotel conversions offset margin pressure, pulling net income down to $3.2 million.
Alex Karp’s Palantir posts $884 million Q1 revenue
Palantir’s Q1 revenue surged 39% to $884 million, powered by AI-driven demand in U.S. commercial and government sectors, marking its most profitable quarter yet.
Moroccan real estate mogul Alami Lazraq's ADI stake hits $610 million
Alami Lazraq’s stake in ADI rises to $610 million, fueled by a nearly 8% surge in shares over 25 days.
Ahmed El-Sewedy’s Elsewedy Electric takes stake to grow oil and gas portfolio
The deal is set to strengthen Elsewedy Electric’s energy solutions portfolio and open up new opportunities in fast-growing markets.
Mounir Nakhla’s MNT-Halan raises $49 million to boost lending in Egypt
MNT-Halan raises EGP 2.5 billion ($49.4 million) in bonds to expand its Egyptian loan book and fuel growth.
Jaswant Rai wins 30-year lease to operate troubled Kenyan sugar factory
Kenyan businessman wins 30-year lease to operate Nzoia Sugar Factory, advancing Kenya’s privatization drive to revive its struggling sugar sector.
Yasseen Mansour gains $5 million from Palm Hills stake
In just 26 days, his stake increased by $5 million, driven by a 12.56 percent jump in share price.
15 richest people in Uganda
Uganda's wealthiest drive growth through real estate, finance, and manufacturing, shaping the nation's rise as East Africa’s emerging private sector hub.