Motsepe-backed Harmony Gold wins shareholder approval for $1.03 billion Australian copper deal
Harmony Gold secures support in its $1.03 billion MAC Copper acquisition, expanding its global mining portfolio.
Billionaires.Africa
Meta joins Peter Ndegwa-led Safaricom on $23 million fiber project for East Africa
Meta teamed up with Safaricom to invest $23 million in an undersea cable linking Kenya to Oman, aiming to cut costs and boost internet access in East Africa.
Eswatini’s richest man Natie Kirsh loses $500 million in three months
Natie Kirsh loses $500 million in three months, bringing his wealth below $10 billion despite new business moves.
South African businesswoman Noluthando Gosa-linked ArcelorMittal SA to lay off 3,500 workers
ArcelorMittal SA, linked to Noluthando Gosa, to close its long steel division, risking 3,500 jobs amid rising costs and weak demand.
Egyptian tycoon Hassan Allam's group wins major Oman water infrastructure contract
The project highlights the company’s expanding presence in international infrastructure projects.
South African businessman Fred Robertson's Sea Harvest posts $251 million half-year revenue
Sea Harvest’s profit surged 71% to $17.9 million in H1 2025 on higher hake volumes and stronger pricing, with revenue climbing 34% to $251 million.
South African businessman Lazarus Zim sued for $7 million in BEE dispute
South African businessman Lazarus Zim battles a $7 million lawsuit linked to Northam Platinum’s BEE restructuring.
South African tycoon Barry Swartzberg’s Discovery stake rises above $320 million
South African billionaire Barry Swartzberg’s Discovery stake rises above $320 million as shares recover on the JSE.
Ghabbour family’s GB Corp plans $6 million Hyundai facility in Egypt
GB Corp invests $6 million to produce Hyundai cars in Egypt, boosting its role in the $6.15 billion automotive market.
Orascom Construction, owned by Egypt’s richest family, eyes Abu Dhabi listing
Egypt’s Sawiris family-led Orascom Construction shifts primary listing to Abu Dhabi Securities Exchange.
Egyptian tycoon Medhat Khalil’s Raya bids $31.7 million to tighten grip on outsourcing arm
Raya Holding moves to lift stake in outsourcing arm RAYA CX to 90 percent with $31.7 million tender offer as the unit posts stronger profit growth.
Zenith Bank CEO Adaora Umeoji delivers $130,000 to Nigeria’s D’Tigress
Zenith Bank honors Nigeria’s women’s basketball champions with $130,000 after their 2025 AfroBasket victory.
Egyptian tycoon Abdallah Sallam’s Madinet posts $26.4 million profit in H1 2025
Madinet Masr, led by Abdallah Sallam, posted $26.4 million profit in H1 2025, down 11.9%, as rising costs hit margins despite record sales and revenue growth.
South Africa’s richest Johann Rupert rebounds to $16.1 billion after Richemont surge
South Africa’s richest man Johann Rupert regains $1.2 billion in two weeks, lifting his fortune to $16.1 billion on Richemont gains.
GTCO’s CEO Segun Agbaje’s stake is now worth $2.5 million
Segun Agbaje’s stake in GTCO has surged to $2.5 million as shares rally, cementing his standing among Nigeria’s affluent bankers.
Burna Boy, Davido, Wizkid drive Nigerian entertainment industry toward $13.6 billion
Nigeria’s entertainment industry is projected to hit $13.6 billion by 2028, led by Burna Boy, Davido and Wizkid.