Ackerman family’s Pick n Pay opens first hypermarket at Liberty Midlands Mall
The opening forms part of Pick n Pay’s turnaround plan, which includes revamping existing outlets, closing weaker stores and introducing new formats.
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Egyptian tycoon Safwan Thabet gains $40 million as Juhayna shares rebound
Safwan Thabet’s Juhayna stake rises $40 million as shares rebound, boosting the Egyptian consumer goods leader’s market value.
Prosus, led by South African billionaire Koos Bekker, takes Rapido stake in $270 million deal
Prosus, chaired by Koos Bekker, invests $221.76 million in India’s Rapido, deepening its push into mobility after Swiggy’s exit.
John Kimani, one of Kenya’s richest men, boosts Centum stake to $8.2 million
Kenyan tycoon John Kimani raises his Centum stake to $8.2 million, strengthening his influence in Nairobi’s investment scene.
Seplat Energy, co-founded by Austin Avuru, to invest up to $3 billion in Nigeria
Seplat Energy to invest up to $3 billion in Nigeria after the Exxon deal, boosting oil and gas output, shareholder returns, and local energy access.
Nigerian billionaire Abdul Samad Rabiu gains $500 million in under a month
Nigerian billionaire Abdul Samad Rabiu gains $500 million in less than a month, fueled by BUA Foods’ strong stock rally.
GTCO, led by Segun Agbaje, posts $301 million H1 profit, down from $608 million
GTCO’s H1 profit drops to $301 million from $608 million amid a sharp fall in dividend income from GTBank.
Aga Khan Fund restructures $9.3 million stake in Kenya's Nation Media Group
Aga Khan Fund reorganized its $9.3 million stake in Nation Media Group into a new unit, consolidating control as the publisher faces financial strain and industry shifts.
South African tycoon Adrian Gore’s Discovery Bank targets nearly $180 million profit
Discovery Bank eyes 2 million clients and R3 billion ($173 million) profit by 2029 with strong loan growth and new products.
Zenith Bank to pay Jim Ovia $4.9 million in October
Jim Ovia will receive nearly $5 million from the lender’s $34.5 million interim dividend payout to shareholders.
Judge delays ruling in $116 million land case involving Mombasa businessman Mohamed Jaffer
Mombasa businessman Mohamed Jaffer faces further delays in the $116 million Mayport Limited land dispute as court sets new judgment date for Oct. 17.
South African billionaire Michiel Le Roux gains $87 million from Capitec stake
Capitec Bank co-founder Michiel Le Roux adds $87 million to his wealth after the bank’s stock surge boosts its market value past $24 billion.
South Africa’s richest man Johann Rupert gains $100 million from Remgro stake
Johann Rupert’s Remgro stake rises $100 million as shares climb, highlighting his influence in South Africa’s investment sector.
Moroccan physician Rochdi Talib’s Akdital opens $24 million clinic in Khouribga
Akdital opens $24 million clinic in Khouribga, adding 100 beds and the city’s first oncology, cardiology and intensive care units.
Egyptian billionaire Nassef Sawiris plans $50 billion U.S. infrastructure investment
Nassef Sawiris plans $50 billion U.S. infrastructure bet as Orascom shifts focus from Europe to Gulf and America.
Nigerian billionaire Femi Otedola warns depot owners as Dangote Refinery reshapes fuel supply
Nigerian billionaire Femi Otedola backs Dangote Refinery, urges depot owners to adapt as $20 billion project transforms Nigeria’s fuel supply chain.