Chappal mulls selling Equity after $860 million TotalEnergies transaction
Chappal Energies seeks new investors to fund expansion following significant acquisitions in Nigeria.
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Mohammed Elsewedy’s fortune up $293 million amid devaluation of Egyptian pound
This highlights his resilience in navigating one of Egypt’s most challenging economic years.
Sanari Capital $80 million to scale African tech businesses
The fund focuses on businesses that capitalize on technology, innovation, and emerging sector trends, positioning itself as a key player in the continent's economic growth.
Patrice Motsepe’s Tyme Group, valued at $1.5 billion after $250 million raise
Tyme Group has raised $250 million in its latest funding round, boosting its valuation to $1.5 billion and positioning it among Africa’s few unicorns.
Egypt’s wealthy Khamis family stake in Oriental Weavers declines by $17.1 million
The market value of their stake in Oriental Weavers has dropped by more than $17 million, due to the sharp devaluation of the Egyptian pound.
Hassan Allam Construction to lead key projects on Abu Dhabi’s Ramhan Island
This win not only reinforces the company’s footprint in the UAE but also highlights its growing presence in the Middle East’s competitive construction sector.
Mpumi Zikalala: South African executive leading $6.3-billion iron ore producer
Zikalala champions diversity and inclusivity in mining, advocating for gender equity and supporting opportunities for women in leadership roles.
South African Saltzman family sees $90 million gain from Dis-Chem shares
This not only cements the Saltzman family’s status among South Africa’s wealthiest but also underscores Dis-Chem’s strong market performance.
NFL reaffirms partnership with Roc Nation amid allegations against Jay-Z
While the allegations have cast a shadow over Jay-Z, Roc Nation’s NFL partnership appears unaffected.
Absa seals $300-million green syndicated loan deal
The syndicated loan, Absa’s first, signals a significant step in the bank’s commitment to sustainable investments.
Barry Swartzberg’s Discovery stake yields $83 million so far this year
The value of his stake has climbed by R1.41 billion ($83.5 million) since the start of the year, reflecting the stock's robust rally.
MTN Nigeria raises $46.6 million from commercial paper issuance
The issuance forms part of the company’s N250-billion ($151.9 million) commercial paper program.
Folorunsho Alakija: The billionaire oil tycoon redefining philanthropy and empowerment
From a groundbreaking oil venture to impactful philanthropic initiatives, Folorunsho Alakija’s journey is a testament to resilience, vision, and the power of giving back.
MNT-Halan enters UAE market with cutting-edge fintech solutions
MNT-Halan, Egypt's first unicorn fintech, launches in the UAE with its innovative financial super app, aiming to serve 250,000 customers by 2025 and boost financial inclusion across the GCC.
Aradel Holdings acquires 5.14-percent equity stake in Chappal Energies to strengthen its position in Nigeria’s energy sector
Aradel Holdings strengthens its energy sector footprint with a 5.14 percent stake in Chappal Energies, gaining access to Nigeria's key oil assets and driving future growth in the industry.
Raya Holding secures $25 million investment to build advanced tier III data center in Egypt
Raya Holding has secured $25 million in funding to build a cutting-edge Tier III data center in Egypt, marking a key step in the country’s digital transformation and regional tech hub ambitions.