Anas Sefrioui, Moroccan billionaire, eyes English football club
If the deal goes through, Sefrioui would join Nassef Sawiris as one of few African billionaires with stakes in English football.
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Vodacom, led by Shameel Joosub, poised for major comeback
The Johannesburg-listed telecom giant raised medium-term guidance, signaling a potential turnaround driven by gains in Egypt and fintech.
Hend El-Sherbini leads IDH to $111 million revenue in 2024
Revenue for the period grew from $80.64 million in 2023 to $111.9 million in 2024, a 39 percent increase.
Edha Nahdi's recently acquired Bamburi Cement posts $7 million loss
Bamburi Cement, recently acquired by Tanzania’s Amsons Group, reported a $7 million net loss in 2024, driven by forex losses from the sale of its Ugandan unit.
Kevin Hart’s tequila brand ups small business grant to $1.5 million
Kevin Hart’s tequila brand expands commitment to $1.5 million for entrepreneurs in under-resourced communities across the U.S. and Mexico.
Edha Nahdi talks $380 million cement expansion with Kenya’s president
The $380 million investment will boost Kenya’s manufacturing, create jobs, and support AfCTA goals.
Tidjane Thiam, ex-Credit Suisse CEO, eyes presidency in Côte d'Ivoire
Ex-Credit Suisse CEO Tidjane Thiam secures opposition bid, reshaping Côte d'Ivoire’s October presidential race in a political homecoming.
Runa Alam’s DPI takes over $105 million Egypt-based fintech fund
This acquisition is a strategic move that strengthens DPI's presence across the African continent.
Paul Fokam’s Afriland facilitates $1.2 billion agricultural deal in Bangui
The deal, signed in Bangui, aims to develop 30,000 hectares for large-scale cassava and sugarcane farming and processing.
Motsepe donates $10 million to support youth sports, education in Africa
The donation highlights his commitment to youth empowerment through sport and education across Africa.
Michiel Le Roux gains nearly $300 million from Capitec stake
This follows a recent rally in the share price of the retail banking giant on the Johannesburg Stock Exchange (JSE).
Aliko Dangote scales up $10 million food relief effort in Nigeria
The program is aimed at helping low-income families cope with the harsh economic climate and rising cost of living.
JP Morgan takes new shares worth $288 million in Bernard Berson-led Bidcorp
It reflects the bank’s growing confidence in the Johannesburg-based food service group, which is led by Bernard Berson.
Clicks Group, led by Bertina Engelbrecht, plans $54.5 million expansion
Clicks Group, led by Bertina Engelbrecht, to invest $54.5 million to expand stores, upgrade supply chains, and grow health and beauty segments.
Khamis family's stake in Oriental Weavers falls by $17 million
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
Aig-Imoukhuede leads Access Holdings to $400 million profit
Access Holdings, under Aigboje Aig-Imoukhuede, posted a $400 million profit in 2024, driven by asset growth, cost control, and expansion across Africa.