Malawian billionaire Thom Mpinganjira's FDH Bank posts $34 million profit in H1 2025
FDH Bank’s profit nearly doubles to $35 million on higher interest income and loan growth in the first half of 2025.
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Malawian tycoon Vizenge Kumwenda's NICO Holdings stake now worth $34 million
Malawian tycoon Vizenge Kumwenda’s NICO Holdings stake has surged to $34.34 million in 2025 as shares on the Malawi Stock Exchange rally 176.7%.
South African billionaire Koos Bekker-led Prosus plans stake sales to raise $2 billion
Prosus targets $2 billion from asset sales as CEO Fabricio Bloisi sharpens focus on e-commerce and lifestyle platforms.
South African executive Kenny Fihla drives Absa’s retail and pan-African expansion plans
Kenny Fihla leads Absa’s retail revamp, driving digital banking growth and pan-African expansion with strong first-half 2025 results.
Kenyan banker James Mwangi-led Equity Group posts $267 million half-year profit
Kenyan banker James Mwangi leads Equity Group to a 17% profit rise, posting $267 million with assets reaching $13.9 billion.
Egyptian billionaire Yasseen Mansour loses $10 million on Palm Hills stake
Yasseen Mansour loses nearly $10 million from Palm Hills stake as EGX shares drop, highlighting challenges in Egypt’s real estate sector.
Anglo, led by South Africa’s Duncan Wanblad, loses $3.8 billion coal deal
Peabody cancels $3.8 billion Anglo coal deal after mine fire; Anglo plans arbitration as H1 revenue falls to $8.95 billion.
Africa’s richest man Aliko Dangote loses $549 million overnight
Aliko Dangote’s net worth drops $549 million as Dangote Cement shares fall nearly 10 percent, reducing his stake to $4.96 billion.
PIC buys $40 million stake in South African tycoon Des de Beer’s Resilient
PIC raised its Resilient REIT stake by $40.6 million to 20.02 percent, underscoring confidence in Des de Beer’s retail property group.
South African tycoon Mike Teke’s Seriti secures $295 million for Mpumalanga wind project
Seriti Green secures $295 million for a major wind project in Mpumalanga, expanding clean power and creating 800 jobs.
Zimbabwe’s richest man, Strive Masiyiwa, gains $100 million amid AI factory rollout
Strive Masiyiwa regains $100 million, raising his net worth to $1.3 billion amid Africa’s first AI factory rollout with NVIDIA.
Motsepe-backed Harmony Gold gets clearance for $1-billion copper deal
Patrice Motsepe’s Harmony-backed mining giant gets green light to buy Australian copper company in $1-billion deal.
MTN names Nigerian executive Karl Toriola to oversee Francophone Africa markets
MTN expands Karl Toriola’s role to VP for Francophone Africa as Nigeria drives growth and South Africa lags in group earnings.
Black entrepreneur Fawn Weaver’s Uncle Nearest defaults on $108 million loan after $900 million valuation
Fawn Weaver’s Uncle Nearest faces $108 million loan default and legal scrutiny after reaching a $900 million valuation.
Nigerian oil tycoon Gabriel Ogbechie loses $6 million from Eterna stake
Eterna’s market cap slips below $35 million as Gabriel Ogbechie’s stake drops, but shares remain up 56% this year.
South African-born real estate mogul Barry Stuhler to receive $2 million from Lighthouse
Barry Stuhler will receive $2.04 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.