Energy mogul Simon Baloyi's Sasol faces high-stakes test
CEO Simon Baloyi is exploring liquefied natural gas imports to mitigate gas shortages, but this option comes with higher costs.
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South African banker Alan Pullinger's stake in FirstRand exceeds $30 million
This marks a significant milestone for Pullinger, who holds a 0.13 percent stake, equivalent to 7,079,000 ordinary shares in FirstRand.
Lowe’s Chief Marvin Ellison sees stake rise above $210 million
Marvin Ellison, one of the few Black CEOs on the Fortune 500 list, owns 748,000 shares of Lowe’s.
Flour Mills plans $1-billion investment in Nigeria over four years
The announcement follows a move by its majority shareholder, Excelsior Shipping Company, to buy out minority shareholders and take the company private.
Grid Africa secures $2.8 million to boost solar projects in South Africa
The move aims to boost renewable energy projects in South Africa, as the country grapples with an increasingly strained power sector.
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Egyptian billionaire Nassef Sawiris gains £810 million as Aston Villa thrives in UEFA Champions League
Egyptian billionaire and Aston Villa co-owner Nassef Sawiris has experienced a remarkable financial surge, seeing his personal wealth increase by £810 million over the past 12 months.
Philanthropist billionaire Abdul Samad Rabiu empowers future leaders with prestigious mentorship awards
Abdul Samad Rabiu, the billionaire founder and chairman of BUA Group, has awarded 40 standout students from Al-Qalam University in Katsina State with the "Abdul Samad Rabiu Achievers Award."
Hotel mogul Henry Akinduro challenges EFCC's 'unlawful' wanted declaration with $3-million lawsuit
Hotel mogul Henry Akinduro sues EFCC for N5 billion ($3 million), challenging an 'unlawful' wanted declaration. He claims fraud allegations stem from a civil business dispute.
Egyptian tourism mogul Ayoub Adly Ayoub's Remco reports $18-million loss in H1 2024
Tourism tycoon Ayoub Adly Ayoub’s Remco reports a shocking $18 million loss in 2024. Despite revenues skyrocketing, the company’s profits have evaporated