Yasseen Mansour's Palm Hills launches new project with $4 billion sales target
Palm Hills launches Jirian, its first project in Egypt’s New Delta, targeting EGP200 billion ($4 billion) in sales as it redefines urban living with a Nile-front city.
Billionaires Africa
Fidson stake held by Nigerian tycoon Fidelis Ayebae rises by $2.4 million
Over the past 30 days, his stake has surged by N3.8 billion ($2.4 million), propelling the market value of his stake above $13 million.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, opens new unit in Dubai
The new entity will serve as the hub for managing the group’s real estate projects beyond Egypt.
Bill Gates to direct most of $200 billion pledge toward Africa’s future
His focus: supporting governments that put people’s health and wellbeing at the heart of their agendas.
Nigerian gambling magnate's secret $4.3 million stake in foam manufacturer
Kessington Adebutu’s investment in Vitafoam and Wema Bank highlights his strategic wealth-building beyond Nigeria’s lottery empire, Premier Lotto.
Johann Rupert to receive $20.7 million dividend from Reinet
Johann Rupert will receive a $20.7 million dividend from Reinet Investments after the Luxembourg-based firm reported strong asset growth in its latest fiscal year.
South Africa’s Barry Swartzberg gains $18 million from Discovery stake
Discovery Limited's stock gains lift Barry Swartzberg’s fortune, reinforcing confidence in South Africa’s financial services sector.
Lowe’s, led by Marvin Ellison, declares $672 million quarterly dividend
Lowe’s, led by CEO Marvin Ellison, declares $672 million quarterly dividend, up 4%, underscoring its commitment to shareholder value amid market challenges.
Mike Adenuga’s Globacom expands network to community near Nigeria’s capital
Glo expands mobile network to rural Kura near Abuja, connecting 12,000 residents with LTE, public WiFi for schools, clinics, and businesses.
South Africa’s Saltzman family sees $28.6 million gain from Dis-Chem shares
This increase highlights the family's position as one of South Africa’s wealthiest.
Seplat, co-founded by Austin Avuru bets big on power sector
The move, announced by CEO Roger Brown, is part of the firm’s long-term strategy to deepen Nigeria’s energy access and industrial development.
South African billionaire Jannie Mouton gains $28 million from Capitec stake
Jannie Mouton gains $28 million in 24 days as Capitec shares rally, driven by digital-first banking and rising investor confidence on the JSE.
Glencore, led by Gary Nagle, moves $30 billion asset base to Australia in restructure
The restructured entity now controls a portfolio worth over $65 billion, effectively doubling its asset base in Australia.
Khaled Mahmoud’s MM Group signs deal with Tata Motors to grow auto segment in Egypt
Indian automaker, Tata Motors, is known globally for producing reliable and versatile vehicles suited to various transport and logistics needs.
Kenya banker James Mwangi leads Equity Group to $119 million profit in Q1 2025
Equity Group posted $119.2 million Q1 profit, down 4.24% on weak income growth and currency losses, offset by digital and regional expansion momentum.
Vista, led by billionaire Robert F. Smith, to acquire Acumatica in nearly $2 billion deal
Vista Equity to acquire Acumatica in $2B deal, boosting AI-driven ERP growth for mid-sized businesses with strategic support from Robert F. Smith.