Africa’s newest billionaire Zak Calisto gains $115 million from Karooooo’s stake
Zak Calisto’s Karooooo stake rises to $1.17 billion, gaining $115 million as SaaS growth drives revenue and user expansion across 23 countries.
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Duncan Wanblad-led Anglo American plans $26 million upgrade at Quellaveco mine
The upgrade aims to enhance production capacity and sustainability efforts amid rising global demand for copper, a critical metal in the clean energy transition.
Lowe’s led by Marvin Ellison completes $1.33 billion acquisition of Artisan Design
Lowe’s finalizes $1.33 billion Artisan Design deal to strengthen Pro services and capture growth in the $50 billion interior finishes market amid a U.S. housing boom.
Discovery co-founder Adrian Gore gains $34 million from stock rally
Over the past 16 days, the market value of his stake has increased by $34.74 million, propelling the market value of his stake above the $600-million mark.
Kenyatta family, Kenya’s largest landowners, gains $10 million from NCBA stake
Kenyatta family gains $10 million as NCBA stock rallies 12%, lifting their 13.2% stake to over $92 million in just 22 days.
Wale Tinubu's Oando restates 2024 profit at $139 million
Oando's 2024 profit hit $139 million, up 267%, fueled by the NAOC deal, rising production, and improved upstream performance.
South African billionaire Johann Rupert’s net worth drops below $17 billion
Johann Rupert’s net worth falls $800 million to $16.3 billion amid Richemont’s 6.5% share decline despite strong global jewelry sales.
Media mogul Byron Allen enlists investment bank to sell TV stations
The move comes after Allen’s aggressive expansion, spending over $1 billion acquiring network-affiliated stations in smaller U.S. markets.
Abdul Samad Rabiu’s BUA pours $65 million into port terminal project
This follows public controversy after former Nigerian Ports Authority (NPA) Managing Director Hadiza Bala Usman accused BUA of breaching concession terms.
Yasseen Mansour's Palm Hills launches new project with $4 billion sales target
Palm Hills launches Jirian, its first project in Egypt’s New Delta, targeting EGP200 billion ($4 billion) in sales as it redefines urban living with a Nile-front city.
Bill Gates to direct most of $200 billion pledge toward Africa’s future
His focus: supporting governments that put people’s health and wellbeing at the heart of their agendas.
Nigerian gambling magnate's secret $4.3 million stake in foam manufacturer
Kessington Adebutu’s investment in Vitafoam and Wema Bank highlights his strategic wealth-building beyond Nigeria’s lottery empire, Premier Lotto.
Johann Rupert to receive $20.7 million dividend from Reinet
Johann Rupert will receive a $20.7 million dividend from Reinet Investments after the Luxembourg-based firm reported strong asset growth in its latest fiscal year.
South Africa’s Barry Swartzberg gains $18 million from Discovery stake
Discovery Limited's stock gains lift Barry Swartzberg’s fortune, reinforcing confidence in South Africa’s financial services sector.
Lowe’s, led by Marvin Ellison, declares $672 million quarterly dividend
Lowe’s, led by CEO Marvin Ellison, declares $672 million quarterly dividend, up 4%, underscoring its commitment to shareholder value amid market challenges.
Mike Adenuga’s Globacom expands network to community near Nigeria’s capital
Glo expands mobile network to rural Kura near Abuja, connecting 12,000 residents with LTE, public WiFi for schools, clinics, and businesses.