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).
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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.
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.
Latest
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.
Sadek El-Sewedy gains $405 million from Elsewedy Electric despite currency devaluation
Sadek El-Sewedy’s stake could have seen a higher growth of $633.88 million if not for the 39.16 percent devaluation of the Egyptian pound.
Hassan Allam unit to build first international port terminal in Upper Egypt
The move underscores the deepening trade relationship between Egypt and the UAE.