Sayyu Dantata, half-brother of Africa's richest man, struggles to sell $22 million Banana Island mansion
Dantata’s decision to sell the mansion coincides with reports that he is contemplating a return to his hometown of Kano State.
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Nigerian gambling magnate Kessington Adebutu-backed Wema Bank to raise additional $128 million
The move aims to strengthen its capital base and solidify its position as a leading player in the country’s financial sector.
Angola to sell stakes in Unitel, years after gaining control from Africa’s first female billionaire
The decision follows nearly three years of state control after Unitel was seized from Africa’s first female billionaire, Isabel dos Santos.
South African businessman Barry Swartzberg loses $13.8 million on Discovery shares
The recent decline, however, reflects a shift in investor sentiment, despite Discovery's robust financial results.
Luxembourg-based firm controlled by South Africa’s richest man hits $7.2 billion in net assets
Its portfolio includes stakes in Pension Insurance Corporation Group Limited, British American Tobacco (BAT), and other diversified assets.
South African billionaire Nicky Oppenheimer adds $225 million to his net worth
Oppenheimer’s fortune has risen from $11.6 billion at the start of the year to $11.8 billion as of Jan. 22, showcasing consistent financial gains.
SeamlessHR secures $9 million series-A extension from Gates Foundation, Helios Venture
The company continues to scale its operations, providing innovative solutions to empower businesses across Africa.
Azza El-Sewedy's stake in Egyptian electric giant rises by $11.4 million in 22 days
This surge brings her total stake to over $100 million, reflecting the company’s solid performance on the Egyptian bourse.
South African mining expert, Moses Madondo, to lead billion-dollar thermal coal exporter
Madondo, who currently serves as CEO of De Beers Group Managed Operations, brings over 25 years of experience in the mining industry to his new role.
Egypt's billionaire family-led Elsewedy Electric to power Greece’s first large-scale battery storage project
The project, the first of its kind in Greece, signals a pivotal moment in Elsewedy Electric’s aggressive expansion strategy within the renewable energy sector.
Craig Arnold’s Eaton stake hits $255 million, solidifying his place among America’s richest Black executives
Eaton’s growth is also reflected in its strong financial results, including a 9-month net sales increase of 8.18 percent year-over-year.
Namibian businessman Quinton van Rooyen’s Trustco mulls delisting to sharpen growth focus
Trustco Group considers delisting from the JSE, NSX, and OTCQX to streamline operations, focus on growth, and pursue broader international opportunities.
South African billionaire Saltzman family's Dis-Chem stake declines by $26.3 million
This comes after a period of growth in 2024, reflecting the group’s resilience last year.
Airtel Africa joins forces with Bajaj Finance to launch digital financial platform
The collaboration aims to revolutionize last-mile delivery of financial services by leveraging their combined scale and distribution reach.
London office skyscraper owned by Eswatini’s richest man loses $76 million in value
While the property has seen a decline in market value, Natie Kirsh’s wealth has grown remarkably.
Nigerian oil mogul Wale Tinubu’s Oando wins Angola’s KON 13 block
This marks a key step in the company’s efforts to increase its oil production capacity to 100,000 barrels per day as part of its broader global expansion plans.