Algerian-born French tycoon Sue Nabi makes $14 million from Coty stake
Algerian-born French executive benefits from 10% rally in Coty shares, as stock momentum lifts wealth despite year-to-date losses.
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Johann Rupert’s Richemont sees sales reach $24 billion
This was driven by a steady demand for high-end jewelry and solid growth in key markets such as the U.S., Europe, Japan, and the Middle East.
Samuel Dossou-Aworet-backed Tullow agrees to sell Gabon unit for $300 million
Tullow Oil Gabon holds all of Tullow’s non-operated working interests in Gabon, and the buyer is Gabon Oil Company.
Prosus, led by Koos Bekker completes $1.7 billion acquisition of Despegar
Prosus, led by Koos Bekker, finalizes a $1.7 billion Despegar deal to expand its lifestyle ecosystem across Latin America’s high-growth digital sectors.
James Mwangi gains $5.8 million as Equity Group shares soar
Mwangi’s stake has grown in value from Ksh5.44 billion ($42.06 million) to Ksh6.19 billion ($47.84 million).
Egyptian tycoon Sadek El-Sewedy sees $55 million gain from company shares
Elsewedy Electric stock gains boost chairman's net worth amid infrastructure boom and energy transition in MENA region.
Investec, led by Fani Titi, seeks electricity trading license
If approved, the lender will purchase power from the Illikwa Solar PV Facility in the Free State and transmit it to its corporate headquarters in Sandton via Eskom’s infrastructure.
Zak Calisto’s Karooooo reports $250 million in 2025 revenue
Karooooo’s FY 2025 revenue hit $249.87 million, driven by subscription growth and global expansion, reaffirming its role as a leader in mobility solutions.
Dalia Khorshid drives Beltone to $56 million revenue in Q1 2025
Beltone’s Q1 revenue surged 111% to $56 million, driven by strong growth in NBFI and investment banking, reinforcing its lead in Egypt’s financial sector.
Workers seek dues at Bernard Soi’s recently acquired Muhoroni firm
Bernard Soi’s takeover of Muhoroni Sugar sparks labor protests as workers demand unpaid dues, exposing tensions in Kenya’s push to privatize state mills.
Ackerman family sees $13.95 million decline in Pick n Pay stake
The recent dip is a reflection of the growing pressure facing one of South Africa’s most recognizable retail names.
Christo Wiese’s Shoprite stake jumps $97 million
His stake in the company has surged by over $97 million, driven by a strong rally in Shoprite’s shares on the Johannesburg Stock Exchange (JSE).
Zimbabwean billionaire Strive Masiyiwa sells $1.1 million in Netflix shares
Strive Masiyiwa, Zimbabwe's richest man, has been gradually reducing his stake in Netflix over the past year.
Oando, led by Wale Tinubu, wraps up pipeline repairs after spills
To prevent further incidents, Oando has initiated the sectional replacement of aging pipelines.
Samih Sawiris’ Orascom Development Egypt posts Q1 revenue of $127 million
Orascom Development Egypt posted $126.8 million in Q1 revenue, driven by hotels and land sales, despite a dip in real estate bookings.
PIC takes new shares worth $11.85 million in Neal Froneman-led Sibanye
PIC has increased its stake in Sibanye to 15.409% with a $11.85 million share purchase, signaling renewed confidence ahead of CEO Neal Froneman’s retirement.