Billionaire investor Femi Otedola signals painful reset as First HoldCo rebuilds its future
Femi Otedola says rebuilding First HoldCo will involve tough disruptions as the group resets its balance sheet and positions for long term stability.
$8.4 billion deal
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.
Nigerian billionaire Abdul Samad Rabiu collects $144.4 million in BUA Foods dividend
Abdul Samad Rabiu received a $144.4 million dividend from BUA Foods after the company boosted its payout by 136 percent in 2024.
Orascom, controlled by Egypt’s richest family, gets board approval for ADX listing
The move, pending shareholder and regulatory approval, signals a shift by one of the Middle East’s top construction firms toward the UAE’s growing capital markets.