Christo Wiese sees $96.3 million rise in Shoprite stake this year
Wiese, a key architect behind Shoprite’s transformation into Africa's largest retailer, holds a 10.67 percent stake in the retail giant.
Hot News
Orascom reports $2.32-billion revenue amid MENA slowdown
Orascom posted $2.32 billion in revenue, a slight decline of 1.92 percent from $2.37 billion in the same period last year.
Standard Bank and IFC partner to boost local currency lending across Africa
The deal aims to mitigate currency risks, expand local currency exposure, and facilitate cross-currency swaps and derivatives for businesses across Africa.
Naguib Sawiris unveils new digital news platform targeting emerging markets
Sawiris launches Moniify, a Dubai-based digital platform delivering emerging market business and finance news from a local perspective.
Equity Insurance unit’s nine-month profit surges to $8.26 million, outpaces regional banking subsidiaries
Equity Life Assurance Kenya, a fast-growing subsidiary of Equity Group Holdings, posts a remarkable 181-percent profit increase, signaling robust performance in the insurance sector.
Investec reports strong lending surge as post-election optimism lifts economic prospects
Renewed confidence in South Africa's governance and economy drives growth for Investec Group, with improved lending activity and expanded opportunities at home and abroad.
Hassan Allam and partners secure 1,200-megawatt solar deal to advance Egypt’s renewable energy sector
Landmark agreement highlights regional leadership in clean energy transition.
Vista Investment Partners deepens tech portfolio with $3.85-million NVIDIA stake
Investment reflects strategic focus on high-growth, high-impact sectors.
Attacq plans major $1.1 billion expansion of Waterfall City hub
Attacq’s ambitious growth plans have gained significant momentum through a strategic partnership with the GEPF.
Shares held by El-Sewedy brothers in Egyptian electric giant near $1 billion each
The El-Sewedys, founders of the electrical equipment manufacturing powerhouse, collectively hold a 51.05 percent stake in Elsewedy Electric.
Barry Stuhler’s Lighthouse Properties stake drops $3 million amid JSE sell-off
This decline compounds an earlier loss of $2.18 million recorded between June 19 and July 19.
Pick n Pay secures $471 million in Boxer IPO to drive growth strategy
Boxer's oversubscribed listing marks one of Africa’s largest IPOs in 2024.
Naguib Sawiris adds nearly $600 million to fortune, maintains spot among Africa’s richest
The Egyptian billionaire’s wealth growth is attributed to the performance of his diversified investment portfolio.
Orascom Development gets $155 million loan to support green tourism in Egypt
The loan comprises two tranches—$96 million and $57.3 million—aimed at financing green upgrades and unlocking growth potential in El Gouna.
Anglo American sells steelmaking coal business for $4.9 billion
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.
South African Saltzman family gains $15.7 million from Dis-Chem shares
This recent gain follows an earlier increase of $18.79 million between Sept. 13 and Oct. 26.