Khamis family's Oriental Weavers starts 2025 with $11 million profit
Oriental Weavers posted $128 million in Q1 revenue, up 27%, but net profit dipped 1.2% to $11 million as currency woes and input costs pressured margins.
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Southern Sun, led by John Copelyn, reports $57 million profit in 2025
The performance was underpinned by higher room occupancy, improved Ebitdar margins, and disciplined cost and capital management.
Black executive Marvin Ellison gains $9 million from stock rally
This latest gain builds on a previous $9.2 million increase recorded between April 21 and May 8, during which the value of his holdings rose from $159.15 million to $168.35 million.
Kanye West’s South Korea show canceled after $20 million contract loss in Japan
This follows Japan’s $20 million Tokyo Dome show drop after controversial onstage behavior offended local cultural values.
Algeria’s richest Issad Rebrab’s Cevital taps European partner for Béjaïa project
The wastewater treatment plant is a practical step that helps the company stay productive, meet regulatory requirements, and reduce its environmental impact.
Sasol CEO, Simon Baloyi signals chemical unit listing before 2030
The division, anchored by a $12.8 billion Lake Charles Chemicals Project in Louisiana, is expected to contribute up to $1 billion annually to Sasol’s earnings by 2030.
Ghabbour family’s GB Corp delivers $334 million in Q1 revenue
GB Corp. posted $334.4 million in Q1 revenue, driven by strong auto sales, CKD output, and expanding finance services amid Egypt’s improving economic environment.
Christopher Seabrooke loses more than $4 million on Sabvest shares
Seabrooke, the largest individual shareholder in Sabvest, owns around 16 million shares in the Sandton-based investment holding company.
Hisham Talaat Moustafa's TMG eyes $4.7 billion sales from mixed-use development in Oman
TMG enters Oman with two smart city projects, targeting $4.7 billion in sales as it scales its proven Egypt-Saudi urban model across the Gulf.
South African tech tycoon Zak Calisto’s Karooooo stake tops $1 billion
Investors have been responding positively to the firm’s recent earnings and steady growth, particularly in its core subscription business.
Ghana gives Elon Musk’s Starlink one-month deadline to comply with regulations
The move aligns with Ghana’s broader push to tighten oversight of big tech and ensure equitable participation in its growing digital economy.
Aliko Dangote's refinery receives 146,000 tonnes of global oil supply
The latest delivery, discharged by the vessel Hercules, comes ahead of another 125,000-tonne shipment expected via the Sienna.
Khamis family loses $10 million on Oriental Weavers stake in 22 days
This follows a notable decline in the company’s share price on the Egyptian Exchange (EGX), bringing pressure on one of Egypt’s richest families.
South Africa’s biggest food producer to sell canned fruit business for one rand
This is part of the company’s ongoing efforts to streamline its operations and concentrate on its core business in the local market.
Tope Shonubi’s Sahara and NNPC agree to improve energy access across Nigeria
The agreement was reached during a recent meeting between Sahara Group’s leadership team and NNPC’s Group CEO.
Jim Ovia makes over $4.6 million from Zenith Bank stake
Zenith Bank shares climb, lifting market cap above $1 billion, as investor sentiment strengthens.