Ibex, formerly Steinhoff, exits Christo Wiese-backed Pepkor in $1.6 billion deal
Ibex exits Pepkor in $1.6 billion deal, ending a scandal-plagued chapter traced to Markus Jooste between 2011 and 2014.
Hot News
Net asset value of South African billionaire Johann Rupert’s Reinet falls
The decline comes despite strong March gains, as Reinet shifts focus from tobacco to long-term alternative asset strategies.
Nigerian businessman Adedeji Adeleke confirms completion of $2 billion power plant
Adedeji Adeleke’s $2 billion gas plant is ready in Ondo, awaiting grid link to begin powering over 2,000 jobs in Nigeria.
South African banker Gerrie Fourie steps aside as new CEO takes helm at Capitec
Graham Lee takes over as Capitec CEO as Gerrie Fourie steps aside, remaining an adviser to support the bank’s global and digital growth plans.
South African mining mogul Neal Froneman guides Sibanye’s $82 million bid for U.S. metals recycler
Sibanye-Stillwater, led by Neal Froneman, acquires U.S.-based Metallix for $82 million, boosting its circular economy strategy and U.S. metals footprint.
South African executive Duncan Wanblad-led Anglo faces Botswana backlash over De Beers sale
The southern African nation, which owns 15 percent of De Beers, believes it was not adequately consulted on the divestment.
Africa’s richest man Aliko Dangote plans refinery expansion to 700,000 barrels a day
Dangote's refinery nears 700,000-barrel daily capacity with U.S. crude imports and RFCC unit upgrade at 85 percent efficiency.
Kenyan businessman Peter Munga faces eviction from 75-acre property
Court orders Peter Munga to vacate 75-acre school land after Del Monte wins a long-standing lease dispute.
UK court dismisses murder suit against Egyptian billionaire Hisham Talaat Moustafa
UK court clears Egyptian billionaire Hisham Talaat Moustafa in civil suit linked to Suzanne Tamim’s 2008 killing.
South African retail tycoon Giovanni Ravazzotti’s Italtile stake drops $30 million
Italtile founder Giovanni Ravazzotti sees $30 million stake value drop as shares tumble nearly 7% in nine days.
Egypt’s Khamis family gains nearly $17 million from Oriental Weavers stake
Khamis family stake in Oriental Weavers jumps $16.75 million as shares rally on AI showroom and digital expansion plans.
Econet, led by Zimbabwe’s richest man, to pay $16 million to investors
Econet Wireless Zimbabwe, led by billionaire Strive Masiyiwa, announces $16.3 million dividend amid strong data and FinTech performance.
Egyptian tycoon Ahmed El-Sewedy-led electric company wins contract for mega rail project
Elsewedy will handle the full HVAC delivery scope—supply, copper piping installation, start-up, commissioning, and after-sales service—ensuring seamless execution.
Tanzania’s first dollar billionaire, Rostam Aziz, proposes $100 million youth talent fund
Rostam Aziz calls for $100 million youth talent fund and education reforms as he expands Taifa Gas with a $1.9 billion facility in Kenya.
Moroccan billionaire Anas Sefrioui's stake in ADH rebounds above $1 billion
ADH stock rebound lifts Anas Sefrioui’s stake above $1 billion, signaling renewed confidence in Morocco’s real estate market.
Meet John Dabiri, the Nigerian-born genius with $3 million shares in Nvidia
Nigerian-American scientist John Dabiri holds $3 million in Nvidia stock and brings bioengineering insights to the AI chip giant’s board.