Egyptian steel tycoon Ahmed Ezz recovers $110 million following 2024 decline
Ezz, who owns 360.7 million shares — representing a 66.4 percent stake in Ezz Steel — has seen the value of his shares rise from $815.18 million to $925.94 million.
Hot News
South African billionaire Christo Wiese’s Brait completes bond buyback, cuts debt by $5.3 million
This is part of the company’s broader strategy to strengthen its financial structure and improve its balance sheet.
Johann Rupert, South Africa’s richest man, to divest $1.5 billion in British American Tobacco shares
This aligns with Reinet's broader investment strategy to optimize its portfolio and enhance liquidity.
Africa’s richest man, Aliko Dangote, loses $455 million in 24 hours
The plunge in Dangote's wealth is largely attributed to a major sell-off in Dangote Cement shares on the Nigerian Exchange (NGX).
Nigerian billionaire Adebayo Ogunlesi joins OpenAI’s Board of Directors
This appointment marks a key step for Ogunlesi, reflecting his leadership and experience in shaping global infrastructure and corporate strategy.
Egypt’s Ghabbour family faces $13.6 million loss in GB Corp shares
The Ghabbour family holds a 63.4 percent controlling stake in GB Corp., equivalent to 688,207,000 shares.
El-Sewedy family’s Elsewedy Electric lands $60 million deal for Egypt’s textile transformation
The landmark deal will establish a state-of-the-art private free zone in Industria Sadat, spanning 50,000 square meters.
Life Healthcare to sell stake in Life Molecular Imaging to U.S. firm for $350 million
South African healthcare provider led by Victor Litlhakanyane to sell its stake in Life Molecular Imaging to U.S.-based Lantheus Holdings for R6.48 billion ($350 million).
Africa's first Black billionaire faces pressure to sell South African fresh food unit
South Africa’s Competition Commission has recommended ARC divest from one of the country’s largest fresh produce agencies.
South African tycoon Giovanni Ravazzotti loses $46.8 million in Italtile stake in early 2025
This decline comes on the heel of a nearly 30 percent gain experienced in 2024 which added $24.82 million to his stake.
Egyptian tycoon Hani Berzi sees $4.4 million loss in Edita Food shares
The company’s stock suffered a downturn on the Egyptian Exchange (EGX), reflecting the ongoing challenges in Egypt’s snack food market.
Sasini, backed by Kenya’s Merali family, reports $4.3 million loss for 2024
Sasini has reported a full-year loss of $4.3 million for 2024, despite seeing a 20.55% increase in revenue and a 54.52% growth in assets.
Egyptian entrepreneur Omar Khairy confirms RIGA’s acquisition of new projects, investments in East Africa
This underscores the group's strategic shift to capitalize on the region's untapped opportunities and resources.
Billionaire golfer, Tiger Woods, faces Puma lawsuit
Puma alleges that Woods's logo, a red leaping tiger, bears an “unmistakable similarity” to Puma’s signature leaping cat emblem.
South African tech mogul Zak Calisto gains $45 million from Karooooo shares in early 2025
The latest increase extends the market value of his stake to nearly $950 million.
Naspers spends $1.2 billion on share buybacks in less than 5 months
Naspers has invested $1.2 billion to repurchase 5.38 million shares over the past five months, enhancing shareholder value and reaffirming financial stability.