Isabel dos Santos denies corruption claims, criticizes UK sanctions over $440 million allegations
Angolan businesswoman Isabel dos Santos rejects corruption allegations, calling UK sanctions politically motivated.
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Nicky Oppenheimer's top 5 philanthropic contributions: Shaping Africa's future through education, conservation and economic empowerment
Nicky Oppenheimer’s transformative philanthropy impacts millions across Africa.
Strive Masiyiwa's Cassava raises $310 million for growth, restructuring
Funding supports debt refinancing, restructuring, and expansion across Africa and globally, solidifying its position as a technology leader.
Sibanye gets $500 million upfront in streaming deal with Franco-Nevada
In exchange for gold and platinum streams from its Marikana, Kroondal, and Rustenburg operations, Sibanye receives a $500 million upfront payment.
Hassan Allam unit to build first international port terminal in Upper Egypt
The move underscores the deepening trade relationship between Egypt and the UAE.
Malawi business tycoon Hitesh Anadkat gains $148.7 million from FMB Capital
This latest surge builds on the strong performance of his stake in 2023, when it increased by MWK178.2 billion ($105.88 million).
Amsons Group acquires $70 million stake in Bamburi Cement, eyes full buyout
The move is part of Amsons’ strategy to consolidate its presence in East Africa’s construction sector.
Barry Stuhler gains $4.85 million as Lighthouse Properties’ stock climbs on JSE
With 95,369,273 shares in the Malta-based property firm, Stuhler’s stake has risen by $4.85 million since the start of the year.
CI Capital exits $23.6 million investment in Taaleem Management services
The divestment yielded an impressive four times return on invested equity, with an Internal Rate of Return (IRR) of approximately 50 percent.
South Africa’s Jonathan Jawno loses $32.8 million from Transaction Capital stake
His 14.09 percent stake in the company has declined in value by over $30 million, reflecting the steep decline in the company’s stock price.
Meet Jane Karuku: Top executive leading Kenya’s $1 billion brewery giant
Karuku champions innovation and sustainability, advocating for gender diversity and youth empowerment in East Africa's corporate landscape.
BUA launches 2,400-ton gypsum plaster production facility in Nigeria
The state-of-the-art plant underscores BUA Group’s growing influence in Africa’s industrial and manufacturing sectors.
Meet Mohammed Shafik Gabr: Bridging business, culture, and global innovation
Mohammed Shafik Gabr, an Egyptian entrepreneur, philanthropist, and art collector, has left an indelible mark on global business and cultural diplomacy through his visionary leadership and multifaceted ventures.
Meet Abdul Satar Dada: Botswana's business tycoon and philanthropic visionary
Abdul Satar Dada, a prominent entrepreneur and philanthropist, has shaped Botswana’s economic and social landscape for over six decades, earning recognition as one of the country's most influential figures.
BUA Group donates $1.25 million to rebuild historic Zaria mosque
Abdul Samad Rabiu’s BUA Group funds the rebuilding of the Abdulkarim Central Mosque in Zaria, preserving its historic legacy while enhancing modern facilities for the community.
Muhammadu Indimi unveils $315-million FPSO vessel to boost Nigeria’s oil production
Billionaire oil magnate Muhammadu Indimi has launched a $315-million Floating Production, Storage, and Offloading (FPSO) vessel in Dubai, signaling a major step in enhancing Nigeria's offshore oil production.