Hisham Talaat Moustafa leads TMG to record $4.3 billion sales in H1 2025
TMG posts $4.3 billion in H1 2025 sales, driven by high demand for Egypt’s coastal projects and expansion into Oman, Iraq.
Billionaires Africa
Dalia Khorshid-led Beltone unveils AI unit to target MENA growth
Robin’s offerings include real-time market monitoring tools, intelligent dashboards, predictive analytics, and automated strategic reporting.
The world’s 23 Black billionaires in July 2025
Black billionaires near $100 billionaire net worth as AI, energy, and finance drive gains; Dangote and Karp lead the July 2025 ranking.
Ghanaian businessman Joseph Siaw Agyepong targets Kenya in latest expansion push
Joseph Siaw Agyepong teams up with Kenyan officials to scale African-led waste solutions through Zoomlion’s sanitation model.
ArcelorMittal SA, linked to Noluthando Gosa, accuses Transnet of market abuse
ArcelorMittal SA accuses Transnet of anti-competitive rail practices, citing delivery failures and rising tariffs that threaten its survival and job security.
Sudan’s richest family, the Elnefeidis, seeks $17 million from the IFC to import wheat
Sudan's richest family, the Elnefeidis, is seeking a $19 million facility from the International Finance Corporation to support wheat imports for its Cameroon business.
Kenyan businessman Narendra Raval’s $85 million plant hits snag over lease conflict
Land dispute stalls Kenyan businessman Narendra Raval’s iron plant in Voi as county disowns lease, citing illegal leadership deal.
Egyptian tycoon Yasmine Khamis turns to AI to power Africa’s next retail boom
Oriental Weavers opens Cairo’s first AI-powered carpet showroom, blending tech with tradition under CEO Yasmine Khamis’ leadership.
Vista, led by Black billionaire Robert F. Smith, exits Cvent with $1.3 billion sale
The sale comes a year after Blackstone took Cvent private in a $4.6 billion acquisition, finalizing its full ownership of the event software company.
Zimbabwe’s richest man Strive Masiyiwa sells off all Netflix shares
Strive Masiyiwa sells all Netflix shares as Cassava Technologies ramps up Africa’s AI push with Nvidia-powered data centers.
Alami Lazraq’s stake in Moroccan real estate firm tops $600 million
Alami Lazraq’s ADI stake hits $618 million after stock rally adds $46.4 million to his wealth in just two weeks.
Glencore, led by South African executive Gary Nagle, unveils $1 billion buyback
The transaction, finalized on Wednesday, netted Glencore a 16.4 percent stake in Bunge and approximately $900 million in cash.
London civil suit targets Egyptian billionaire in old murder case
Hisham Talaat Moustafa battles a London civil suit linked to a 2008 murder while driving record real estate sales across the Gulf.
Mauritian tycoon Arnaud Lagesse's Phoenix completes $80 million acquisition in Seychelles
Phoenix Beverages buys 54.4% stake in Seychelles Breweries from Diageo to boost growth across East Africa and the Indian Ocean.
Nigerian energy mogul Ahonsi Unuigbe pushes NGX cross-listing talks in Dubai
Ahonsi Unuigbe deepens ties between Nigeria’s markets and Dubai to unlock global capital for African energy firms.
South African billionaire Patrice Motsepe’s wealth rises to $3.4 billion
Patrice Motsepe’s fortune hits $3.4 billion as shares in Harmony Gold and ARM surge; fintech bets deepen his footprint in digital finance.