JPMorgan cuts Sibanye-Stillwater stake from over $215 million to $157 million
This move signals a reassessment of its exposure to the $3-billion mining group amid evolving economic dynamics in South Africa.
Jean Kacou Diagou: Founder of Côte d'Ivoire’s first banking-insurance group
He transformed Africa’s financial sector by founding NSIA Group, the first Ivorian banking-insurance conglomerate, now operating in 12 countries.
Patrice Motsepe’s ARC Investments to re-domicile to South Africa after buyout
The move is aimed at consolidating control, unlocking shareholder value, and streamlining operations.
U.S.-Nigerian telecom tycoon Sam Darwish-led IHS reports lower 2024 revenue at $1.7 billion
The decline in revenue—driven largely by the devaluation of the Nigerian naira—underscores the financial challenges facing the company despite strong operational growth.
South African executive, Gary Nagle, leads Glencore to $231 billion revenue in 2024
Despite the topline growth, adjusted EBITDA dropped 16 percent to $14.4 billion, weighed down by lower energy coal prices.
7 companies owned by Egyptian billionaire Yasseen Mansour
Egyptian billionaire Yasseen Mansour’s vast empire spans real estate, automotive, retail, and finance, solidifying his influence in Egypt’s economic transformation.
African Bank, led by Kennedy Bungane, completes $28 million Grindrod unit deal
African Bank completes a $28 million Grindrod asset deal, expanding its portfolio with loans, property stakes, and mortgage bonds in South Africa’s financial sector.
Shoprite takes over Pick n Pay’s Hyde Park space—a shift after Raymond Ackerman’s passing
Pick n Pay exits Hyde Park as Shoprite takes over the space for a flagship Checkers FreshX store, reflecting a shift in South Africa’s competitive retail landscape.
Nigerian businessman Oba Otudeko summoned to court over $24 million fraud
The case adds to his growing legal troubles, marking another chapter in the challenges facing the former FBN Holdings chairman and founder of Honeywell Group.
Noel Mkulichi: 7 career-defining milestones of the Malawian banker
Noel Mkulichi transformed FDH Bank, boosting its market cap to $1.26 billion while advancing fintech, expanding financial inclusion, and reshaping Malawi’s banking sector.
10 companies owned by Kenyan businessman Peter Munga
Over the years, Munga has built a diverse business empire spanning, banking, agribusiness, insurance, and real estate.
Noluthando Gosa-linked ArcelorMittal South Africa seeks $170 million cash rescue
ArcelorMittal SA seeks a $170 million bailout to prevent steel mill closures, risking 3,500 jobs amid high costs, imports, and stalled government talks.
Johannesburg fund led by Laurence Rapp acquires Valencia’s biggest mall for $332 million
The €305 million ($332 million) deal was executed through Castellana Properties, Vukile’s 99.5%-owned Spanish subsidiary.
Kenya’s 30 richest people
Kenya’s wealth creation remains strong amid global turbulence, driven by a resilient private sector and strategic business environment.
South African billionaire Patrice Motsepe re-elected unopposed as CAF President
His leadership has reshaped CAF’s financial outlook, attracting record sponsorship deals and boosting revenue streams.
10 companies owned by Ghanaian tycoon Paa Kwesi Nduom
Paa Kwesi Nduom has built a diverse empire spanning banking, media, hospitality, and more, creating jobs and driving economic growth across Ghana and West Africa.
×
