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.
Southern Africa
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.
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).
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.
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.
Strive Masiyiwa’s biggest philanthropic contributions: Transforming lives in Africa and beyond
Strive Masiyiwa, a Zimbabwean-born billionaire, has used his wealth and influence to drive transformative philanthropic efforts across Africa, from education and healthcare to economic development and digital innovation.
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.
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.
Refinery owned by Africa’s richest man exports petrol to South Africa, three other nations
Dangote Oil Refinery exports petrol to Cameroon, Angola, Ghana, and South Africa, a key milestone in reshaping Africa’s fuel market.
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.
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.
Bidvest to sell banking business to Access Bank for $157.2 million
Bidvest Group to sell its stake in Bidvest Bank Holdings to Access Bank for $157.2 million as part of its financial services simplification strategy.