Dominic Sewela's Barloworld $1.2 billion bid gets PIC backing
The PIC has pledged its support by agreeing to accept a standby offer for 41.6 million Barloworld shares, which translates to 21.93 percent of the company’s total issued shares.
Hot News
Jannie Mouton’s Capitec Bank stake gains $209 million
The rise in Jannie Mouton’s stake in Capitec Bank strengthens his position among South Africa’s billionaires.
Moroccan billionaire Anas Sefrioui denies link to Sheffield Wednesday takeover
While he hasn’t ruled out an interest in owning a football club in the future, he made it clear that no talks or plans have been initiated regarding Sheffield Wednesday.
Hassanein Hiridjee powers Senegal’s solar future
AXIAN Energy, controlled by Hassanein Hiridjee, is set to build a solar-plus-storage facility in Senegal’s underserved Kolda region, boosting clean power access.
Zak Calisto’s Karooooo stake gains $71.5 million in 15 days
Calisto’s 64.81% stake in Karooooo—about 20 million shares—has gained $71.5 million in market value over the past two weeks.
Aisha Abdulaziz to become first woman to list Nigerian company
Aisha Abdulaziz called the NGX listing “a national moment,” citing Legend’s mission to build Africa’s most customer-focused, innovative internet company.
Michiel le Roux’s Capitec Bank posts record $742.5 million profit
The performance underlines the leading retail bank’s ability to deliver in a challenging global economic environment.
Jean Kacou Diagou takes majority stake in NSIA Participations
Ivorian banker Jean Kacou Diagou has raised his stake in NSIA Participations to 68.73%, strengthening his influence in Africa’s financial services sector.
Tidjane Thiam disqualified from Côte d'Ivoire’s presidential bid
A court in Abidjan ruled him ineligible to run, citing his removal from the electoral list after losing Ivorian nationality upon becoming a French citizen in 1987.
Gus Attridge gains over $18 million as Aspen shares rebound
This follows a strong recovery in Aspen's share price on the Johannesburg Stock Exchange (JSE).
Nicky Oppenheimer’s net worth rises by $700 million
The recent upswing is largely credited to the revaluation of his wide-ranging private investments.
Nassef Sawiris blames UK exit on Conservative government’s failing
Egypt’s richest man Nassef Sawiris left the UK for Italy, blaming “years of incompetence” by the Conservative government on tax policy.
Johann Rupert’s Richemont supports YNAP with $114 million loan
Richemont backs YNAP with a $114 million credit line to bolster digital luxury expansion, following EU approval of Mytheresa’s acquisition of YNAP.
Mohamed El-Kettani: Top executive behind Morocco’s $78 billion lender
Mohamed El-Kettani has transformed Attijariwafa Bank into Morocco’s top private lender and a $15-billion African banking powerhouse spanning 27 countries.
Mzi Khumalo: South African tycoon who built Capital Alliance into an $8 billion asset manager
South African entrepreneur Mzi Khumalo built Capital Alliance into an $8 billion asset manager, blending sharp business acumen with social impact.
Peter Munga loses bid to block Britam shares auction over $3.35 million loan
The bank seeks to recover $3.35 million in loans owed by Equatorial Nut Processors, controlled by Munga.