Dominic Sewela's Barloworld $1.2 billion bid gets PIC backing
The PIC has pledged its support by agreeing to accept a standby offer for 41.6 million Barloworld shares, which translates to 21.93 percent of the company’s total issued shares.
Billionaires Africa
Jannie Mouton’s Capitec Bank stake gains $209 million
The rise in Jannie Mouton’s stake in Capitec Bank strengthens his position among South Africa’s billionaires.
Moroccan billionaire Anas Sefrioui denies link to Sheffield Wednesday takeover
While he hasn’t ruled out an interest in owning a football club in the future, he made it clear that no talks or plans have been initiated regarding Sheffield Wednesday.
Hassanein Hiridjee powers Senegal’s solar future
AXIAN Energy, controlled by Hassanein Hiridjee, is set to build a solar-plus-storage facility in Senegal’s underserved Kolda region, boosting clean power access.
Zak Calisto’s Karooooo stake gains $71.5 million in 15 days
Calisto’s 64.81% stake in Karooooo—about 20 million shares—has gained $71.5 million in market value over the past two weeks.
Aisha Abdulaziz to become first woman to list Nigerian company
Aisha Abdulaziz called the NGX listing “a national moment,” citing Legend’s mission to build Africa’s most customer-focused, innovative internet company.
CIVH, backed by Johann Rupert’s Remgro, valued at $667 million
The decline has sparked debate, with Remgro recently valuing Maziv at $2.8 billion, outpacing even larger rivals like Telkom.
Michiel le Roux’s Capitec Bank posts record $742.5 million profit
The performance underlines the leading retail bank’s ability to deliver in a challenging global economic environment.
Hilton Schlosberg: South African co-founder of $57 billion Monster Beverage
Hilton Schlosberg transformed Monster Beverage from a struggling juice company into a $57 billion giant.
Jean Kacou Diagou takes majority stake in NSIA Participations
Ivorian banker Jean Kacou Diagou has raised his stake in NSIA Participations to 68.73%, strengthening his influence in Africa’s financial services sector.
Gabon taps Ivorian builder Hassan Dakhlallah for data center project
From Libreville to Johannesburg, African leaders are driving a continental push toward digital growth and connectivity.
Tidjane Thiam disqualified from Côte d'Ivoire’s presidential bid
A court in Abidjan ruled him ineligible to run, citing his removal from the electoral list after losing Ivorian nationality upon becoming a French citizen in 1987.
Gus Attridge gains over $18 million as Aspen shares rebound
This follows a strong recovery in Aspen's share price on the Johannesburg Stock Exchange (JSE).
Noluthando Gosa-linked ArcelorMittal SA pays Eskom $171 million for electricity
In 2024, ArcelorMittal SA paid Eskom $171 million for electricity as rising costs, weak demand, and imports pressured the steelmaker.
Nicky Oppenheimer’s net worth rises by $700 million
The recent upswing is largely credited to the revaluation of his wide-ranging private investments.
Nassef Sawiris blames UK exit on Conservative government’s failing
Egypt’s richest man Nassef Sawiris left the UK for Italy, blaming “years of incompetence” by the Conservative government on tax policy.