Alami Lazraq’s ADI stake now worth over $410 million
Over the past 11 days, Lazraq’s stake has gained MAD477.54 million ($47.72 million), boosting the market value of his stake to over $410 million.
Hot News
Barloworld in talks to sell African Caterpillar business to Zahid Group-led consortium
The potential deal could reshape Africa's heavy equipment market.
South Africa's Ackerman family sees Pick n Pay stake nears $180 million
This offsets earlier losses of $20.15 million between Oct. 7 and 20, when the family’s stake fell from $206.91 million to $186.75 million.
IDH revenue reaches $83 million in first nine months of 2024
Revenue for the period grew from $61.54 million in 2023 to $82.76 million in 2024, a 9 percent increase.
Equity Group partners with DEG to launch German desk in East Africa
The initiative will focus on enhancing support for small and medium-sized enterprises (SMEs) in both regions.
Coty posts resilient Q1 2025 results; revenue hits $1.67 billion
The modest increase in revenue came despite a 1 percent foreign exchange impact and the divestiture of the Lacoste license.
InfraCredit secures $30 million to fund renewable energy projects in Nigeria
The funding will enable InfraCredit to expand renewable energy infrastructure, strengthening energy access in underserved communities.
Motsepe sees $100-million wealth boost amid $195-million lawsuit in Tanzania
This marks a $300 million increase in Motsepe's fortune so far in 2024, up from $200 million at the start of November.
Lowe’s launches $2.5-million relief fund for small businesses in Western North Carolina
Lowe's introduces $2.5 million initiative to expedite recovery for small businesses impacted by Hurricane Helene.
John Coumantaros’ stake in Flour Mills tops $100 million
This follows a $31.57-million increase in his stake earlier this year, between Sept. 5 and Oct. 9, when his holdings increased from $68.11 million to $99.68 million.
Brait reports $56.45-million profit in first half of 2025 fiscal year
Brait demonstrated notable resilience, with significant profitability and revenue growth.
Adrian Gore’s stake in Discovery tops $500 million
Adrian Gore, one of South Africa’s most affluent executives, owns a 7.19-percent stake in Discovery.
TFG takes on Shein, Amazon with faster delivery in South Africa
TFG aims to slash delivery times, setting itself apart from rivals whose shipments to South Africa often stretch to 10 days.
Masiyiwa’s Liquid extends partnership with Western Cape Government in $111-million deal
Liquid aims to improve internet access, supporting mobile learning, job creation, and entrepreneurship.
TAQA Arabia reports $266-million revenue in first nine months of 2024
TAQA Arabia's revenue surged to $266 million in the nine months of 2024, up from $198.3 million during the same period in 2023.
Oprah Winfrey denies $1-million payment for endorsing Kamala Harris’ campaign
The media mogul clarifies she was not compensated for supporting the Democratic candidate.