Raya Holding enters Saudi Market with $26.6 million Jarir partnership
This reflects the conglomerate’s ambition to broaden its regional presence and highlights its dedication to diversifying financial services across the Middle East.
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Barry Stuhler's Resilient gets $57.1 million boost from Ninety One
Ninety-One acquires a 5% stake in Resilient REIT, signaling confidence in South Africa’s real estate investment sector.
Nigerian billionaire Mike Adenuga’s fortune grows by $700 million in 2024
Globacom remains the crown jewel of Adenuga’s empire, driving Nigeria’s digital transformation through substantial investments in network expansion.
South African tycoon Adrian Gore earns $1.7 million salary from Discovery in 2024
Discovery CEO and Co-founder Adrian Gore’s 2024 compensation package comprises a secure base pay of $448,843 and a performance-based short-term incentive of $565,687.
Dangote Cement partners with Tetracore to boost auto CNG supply chain
The partnership is set to address the surging demand for CNG, driven by Dangote’s vast fleet and an expanding base of Auto CNG users nationwide.
Custodian shares boost Wole Oshin's portfolio by $14.6 million, but naira's decline reduces gains
Had naira remained stable, Oshin’s stake could have increased by as much as $14.62 million.
Tullow, backed by oil magnate Dossou-Aworet, wins $320 million tax dispute in Ghana
An international tribunal ruled that the company is not liable for a $320 million tax assessment levied by the Ghana Revenue Authority.
Absa adds $3.2 million to Kenyan businessman Baloobhai Patel’s portfolio gains in 2024
His portfolio benefited from a rise in the bank's share price on the Nairobi bourse and the strengthening of the Kenyan shilling against the U.S. dollar.
Mangwana Capital aids Invictus Energy in $10 million raise for Zimbabwe's energy shift
This investment solidifies Mangwana Capital’s pivotal role in advancing Zimbabwe's energy sector and supports Invictus Energy's growth plans.
MTN Uganda secures $100 million loan for network expansion, corporate purposes
The financing demonstrates MTN Uganda’s strong financial position and commitment to advancing digital and financial inclusion.
MTN finalizes sale of Guinea operations, strengthening strategic focus
MTN’s sale of its Guinea-Conakry operations underscores the company’s commitment to optimizing its portfolio.
Tongaat Hulett to sell Zimbabwe operations in $330-million deal amid currency woes
The deal will be executed via a debt-to-asset swap, a component of Tongaat's ongoing restructuring process.
South African businessman Christopher Seabrooke’s Sabvest stake hits $77 million in 2024
Christopher Seabrooke’s stake in Sabvest Capital grew by $10.57 million in 2024, reaching a market value of $77 million by year-end.
Beltone accelerates regional expansion with Baobab majority stake acquisition
This acquisition is set to accelerate Beltone’s growth strategy, centered on innovation, as the firm seeks to leverage advanced technologies like data science and AI.
Des de Beer adds to Lighthouse stake with $13.7 million share purchase in 2024
Des de Beer increased his Lighthouse Properties stake by 1.61 percent, acquiring $13.7 million in shares throughout 2024.
Ghana’s richest investor Daniel Ofori gains $2.9 million from GCB Bank stake in 2024
Ofori's stake rose from $5.68 million to $8.61 million, a gain of $2.93 million, despite the impact of currency depreciation on dollar-denominated returns.