South African property tycoon Barry Stuhler’s Lighthouse acquires $159 million mall in Spain
Lighthouse Properties acquires Espacio Mediterráneo mall in Spain for $159.2 million, expanding its Iberian footprint and strengthening its retail strategy.
Hot News
Africa’s richest man Aliko Dangote outlines expansion plans for $3 billion fertilizer plant
Dangote eyes expansion of $3 billion fertilizer plant to reduce Africa’s imports and boost local food production in 40 months.
Egypt's Naguib Sawiris to invest $100 million in electric motorbike project in Morocco
Naguib Sawiris backs $100 million plan to electrify Morocco’s motorbike transport through affordable battery leasing with BluEV.
Ghanaian businessman Ibrahim Mahama seals $100 million gold financing deal
Ibrahim Mahama’s $100 million deal backs Ghana’s first large-scale, locally owned gold mine, shifting control from foreign to local hands.
South African billionaire Michiel Le Roux’s Capitec stake rises to $2.6 billion
Michiel Le Roux’s Capitec stake climbs to $2.64 billion after a strong share rally, adding $105 million in two weeks.
Hisham Talaat Moustafa leads TMG to record $4.3 billion sales in H1 2025
TMG posts $4.3 billion in H1 2025 sales, driven by high demand for Egypt’s coastal projects and expansion into Oman, Iraq.
Dalia Khorshid-led Beltone unveils AI unit to target MENA growth
Robin’s offerings include real-time market monitoring tools, intelligent dashboards, predictive analytics, and automated strategic reporting.
Ghanaian businessman Joseph Siaw Agyepong targets Kenya in latest expansion push
Joseph Siaw Agyepong teams up with Kenyan officials to scale African-led waste solutions through Zoomlion’s sanitation model.
ArcelorMittal SA, linked to Noluthando Gosa, accuses Transnet of market abuse
ArcelorMittal SA accuses Transnet of anti-competitive rail practices, citing delivery failures and rising tariffs that threaten its survival and job security.
Kenyan businessman Narendra Raval’s $85 million plant hits snag over lease conflict
Land dispute stalls Kenyan businessman Narendra Raval’s iron plant in Voi as county disowns lease, citing illegal leadership deal.
Egyptian tycoon Yasmine Khamis turns to AI to power Africa’s next retail boom
Oriental Weavers opens Cairo’s first AI-powered carpet showroom, blending tech with tradition under CEO Yasmine Khamis’ leadership.
Vista, led by Black billionaire Robert F. Smith, exits Cvent with $1.3 billion sale
The sale comes a year after Blackstone took Cvent private in a $4.6 billion acquisition, finalizing its full ownership of the event software company.
Zimbabwe’s richest man Strive Masiyiwa sells off all Netflix shares
Strive Masiyiwa sells all Netflix shares as Cassava Technologies ramps up Africa’s AI push with Nvidia-powered data centers.
Alami Lazraq’s stake in Moroccan real estate firm tops $600 million
Alami Lazraq’s ADI stake hits $618 million after stock rally adds $46.4 million to his wealth in just two weeks.
Glencore, led by South African executive Gary Nagle, unveils $1 billion buyback
The transaction, finalized on Wednesday, netted Glencore a 16.4 percent stake in Bunge and approximately $900 million in cash.
London civil suit targets Egyptian billionaire in old murder case
Hisham Talaat Moustafa battles a London civil suit linked to a 2008 murder while driving record real estate sales across the Gulf.