Eswatini’s richest man Natie Kirsh loses $300 million
Natie Kirsh’s fortune drops by $300 million, trimming his 2025 year-to-date gains to $774 million after a recent two-month surge.
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Patrice Motsepe’s ARM hedges part of $1.1 billion Harmony Gold stake
Although ARM remains a committed long-term investor in Harmony Gold, the company has taken steps to improve liquidity.
Aliko Dangote's refinery to begin nationwide fuel distribution in August
It is ready to deploy 4,000 new Compressed Natural Gas (CNG)-powered tankers to enhance last-mile delivery and fuel accessibility across Nigeria.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, eyes Saudi expansion
Madinet Masr signs MoU with Waheej to co-develop real estate projects in Saudi Arabia, marking a key move in its regional growth strategy.
South African real estate mogul Michael Georgiou’s firm enters business rescue
Court questions UK capital promise; billions owed to banks.
Indimi sons back father in explosive $435 million oil battle with sisters
Indimi family feud escalates as sons side with father in $435 million Oriental Energy oil dividend dispute against sisters Ameena and Zara.
South African exec. Gary Nagle-led Glencore halts some cobalt deliveries after Congo ban
Despite the disruption, many Glencore customers are still receiving deliveries under existing agreements.
Africa’s newest billionaire Zak Calisto sells Karooooo shares worth $75 million
Zak Calisto sells $75 million in Karooooo shares to boost stock liquidity and diversify holdings, retaining majority control under governance pact.
Malawian banker Hitesh Anadkat makes $73 million from FMB Capital stake
Hitesh Anadkat holds a 45.32-percent stake in the Mauritius-headquartered financial group, equivalent to 1.11 billion shares.
Hisham Talaat Moustafa’s TMG eyes $2.4 billion in sales from Sharm Bay project
The project, located near Sharm El-Sheikh, reflects the group's growing focus on high-end tourism and residential investments.
Ethiopia’s richest man adds $1 billion, back to Bloomberg list after Preem's deal
The $1 billion rebound not only brought him back onto the list but pushed him up to 455th place.
Rihanna brings Fenty Beauty to Saint Lucia, expands Caribbean presence
The launch drew a crowd of beauty lovers eager to explore the brand’s offerings, which include Fenty Beauty, Fenty Skin, and Fenty Eau de Parfum.
Aliko Dangote's Dangote Cement, Tetracore increase focus on clean energy solutions
As part of the latest phase, Tetracore installed a mobile AutoGas refueling unit at Dangote Cement’s Ibese Plant in Ogun State.
Eaton stake held by Craig Arnold nears $250 million
The market value of his stake has climbed by $24.08 million, pushing it close to the $250 million mark.
Mary Vilakazi-led FirstRand gets approval to absorb HSBC South Africa
FirstRand, led by Mary Vilakazi, gains approval to absorb HSBC South Africa by Oct. 2025, boosting its corporate banking footprint.
Johann Rupert, South Africa’s richest man, gains $200 million in a week
This increase pushes his total wealth growth for the year to $2.72 billion, up from $2.52 billion just a few days ago.