Egyptian fintech mogul Mounir Nakhla’s MNT-Halan bets $10 million on Pakistan expansion
The company plans to open 100 new branches in Pakistan and expand its digital lending platform by the end of 2025.
Hot News
Egyptian tycoon Hassan Allam’s firm seals deal to build nationwide EV charging network
The plan includes installing both alternate current (AC) and direct current (DC) chargers at high-traffic filling stations, making EV adoption more accessible.
Alan Pullinger, South African banker, sees stake in FirstRand dip below $30 million
The decline in Pullinger’s stake reflects the broader uncertainty among investors.
Abdul Samad Rabiu, Nigeria’s third-richest man, donates $3.3 million at ex-President’s book launch
His $3.3 million donation, was the second-largest of the evening, surpassed only by Aliko Dangote’s contribution.
John Kimani, one of Kenya’s richest men, buys Centum shares worth nearly $2 million
His latest investment strengthens his position as Centum’s third-largest shareholder and reinforces his presence on the NSE.
Neal Froneman, South African mining tycoon, leads Sibanye to $70.4 million profit in H2 2024
Sibanye-Stillwater posts a $70.4 million profit in H2 2024, driven by restructuring, cost-cutting, and higher gold prices as CEO Neal Froneman nears retirement.
Egypt’s real estate mogul Hany El Assal’s Misr Italia rakes in $79.1 million sales in January
Misr Italia Properties saw a 200% contract sales surge in Jan. 2025, driven by strong demand, new project phases, and strategic investments across Egypt.
Africa’s richest man donates $5.3 million at ex-Nigerian President’s book launch
Speaking at the event, he credited Babangida’s economic policies—particularly the abolition of import licenses—for shaping Nigeria’s private sector.
South Africa’s richest man loses $400 million after brief surge to $17 billion
The drop followed a wave of profit-taking by investors, which pushed down the share price of Richemont, where Rupert holds a significant stake.
Anglo American, led by South Africa’s Duncan Wanblad, to pay $791-million dividend
This comes despite a 64.94 percent decline in headline earnings, underscoring commitment to shareholders amid a challenging operating environment.
Egyptian billionaire shatters records as TMG hits $10 billion in 2024 sales
Egypt’s TMG Holding posts record $10 billion sales in 2024, a 253% surge, driven by expansion into Saudi Arabia and major North Coast projects.
Burkina Faso’s richest man secures $5.2 million to support Togo’s farmers
The funds will be channeled through Bonkoungou Distribution (BKG), a subsidiary of Mahamadou Bonkoungou’s EBOMAF.
Alami Lazraq, Moroccan real estate tycoon, gains nearly $90 million in nine days
This latest gain comes after an earlier increase of $37.2 million between Jan. 21 and Feb. 5.
Jay-Z keeps $2.5 billion wealth after dismissed assault case but loses $20 million in income
Despite retaining his $2.5 billion fortune, the rapper and businessman said the lawsuit caused significant financial damage to his entertainment company, Roc Nation.
Oriental Weavers, led by Egyptian tycoon Yasmine Khamis, seeks end to Morocco’s carpet tariff
The company argues that the economic conditions that led to the duty in 2022 have changed, making it unnecessary.
Tosin Eniolorunda, Moniepoint founder, eyes Europe’s 13 million unbanked adults
With 13 million adults in Europe still unbanked, he believes African fintechs can help bridge the gap.