Africa’s largest asset manager buys additional stake worth $67 million in Stephen Saad’s Aspen Pharmacare
With this latest transaction, PIC’s stake in Aspen is now worth nearly a billion dollars—R15.2 billion ($824.24 million).
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Two years after Funke Opeke’s MainOne deal, Equinix unveils $1 billion data center in Saudi Arabia
The announcement was made at the LEAP 2025 tech conference in Riyadh, which brought together participants from 18 countries.
Egyptian multimillionaire Ghabbour family’s stake in GB Corp falls by $19.65 million
The Ghabbour family holds a 63.4 percent controlling stake in GB Corp., equivalent to 688.2 million shares.
Africa’s richest man, Aliko Dangote’s net worth grows by $201 million in 24 hours
With this latest boost, his year-to-date loss has narrowed to $461 million.
Nigerian tech entrepreneur Victor Alade’s Raenest secures $11 million to expand cross-border payment solutions
This latest funding follows a $700,000 pre-seed round in 2022 and a $2.6 million seed round in 2023, bringing Raenest’s total funding to $14.3 million.
Gus Attridge’s stake in Africa’s largest pharma company drops by $12 million
His 19,188,850 shares are now valued at R3.24 billion ($175.82 million), reflecting the latest decline in Aspen’s stock price.
Zimbabwe’s 10 richest men in 2025
Their influence extends across industries that define the country’s financial pulse: telecommunications, real estate, mining, energy, retail, and finance.
South African tycoon Adrian Gore makes $41 million from Discovery stake in just 8 days
The rebound follows a $22.6 million decline in his stake between January 7 and 19.
Alex Karp joins U.S. Black billionaires worth over $10 billion
His net worth has climbed by $3 billion since the start of the year, rising from $7 billion.
Abdallah Sallam’s Madinet Masr backs Disney on Ice grand finale in Cairo
The event, celebrating 100 years of Disney magic, reflects Madinet Masr’s commitment to enriching Egypt’s cultural and entertainment scene.
UK-based firm opposes Dominic Sewela-Barloworld’s delisting plan
UK-based investor Silchester rejects $1.24-billion offer, arguing it undervalues the company and lacks sufficient shareholder backing.
Sayyu Dantata’s MRS Oil cuts petrol price after Dangote Refinery’s reduction
This follows Dangote Oil Refinery’s recent move to lower its ex-depot price by 6.3 percent, from N950 ($0.64) to N890 ($0.60), after a drop in global crude oil prices.
Egypt’s second-richest man, Naguib Sawiris’ net worth soars past $7 billion
With his net worth now at $7.27 billion, Sawiris remains Egypt’s second-richest man, trailing his younger brother, Nassef Sawiris, who is worth $8.99 billion.
South African tycoon, Terrence Moolman, rakes in $4 million from Caxton shares
In just six days, the market value of his stake has climbed by $4.06 million, bringing his total holdings to $124.26 million.
Egyptian billionaire Hisham Talaat Moustafa unveils $27 billion plan to rebuild Gaza
His plan focuses on housing, infrastructure, and international cooperation to address the crisis.
Refinery owned by Africa’s richest man set to hit full capacity in 30 days
The refinery last month announced plans to construct eight new crude storage tanks to secure a stable supply of imported oil.