South African tycoon Giovanni Ravazzotti’s Italtile stake nears $330 million
Ravazzotti’s stake in Italtile nears $330 million thanks to a $21.9-million gain in 14 days.
Electric firm owned by Egyptian billionaire El-Sewedy family lands $1 billion deal with Saudi Electric
Elsewedy Electric has secured a $1-billion partnership with Saudi Electricity Company to enhance energy infrastructure in the Middle East.
Prosus, linked to South African billionaire Koos Bekker, offloads $743 million worth of Trip.com shares
Prosus N.V. has grown into a leading global consumer Internet group. The transaction gives Prosus liquidity to focus on higher-growth areas in its portfolio.
South African tycoon Andre du Plessis sees Capitec Bank stake rise above $160 million
Du Plessis’ stake in Capitec Bank now above $160 million, thanks to $10.49-million gain in 18 days.
Egyptian billionaire Yasseen Mansour’s Palm Hills approves $212.3-million loan for Badya project
Badya, Palm Hills Developments' flagship smart city, leads the way in innovative property development in the MENA region.
African-American billionaire Alex Karp's Palantir secures $99.8-million contract expansion with U.S. Army
Enhanced expansion to accelerate the adoption of AI-driven technologies in the U.S. defense and intelligence operations.
Moroccan pharma tycoon Lamia Tazi faces $3.35 million loss as Sothema shares dip
Lamia Tazi’s stake in Sothema dips below $65 million as shares slide
Moroccan real estate mogul Alami Lazraq’s ADI stake nears $400 million
Real estate mogul Alami Lazraq’s wealth climbs amid soaring ADI shares.
South African tycoon Adrian Gore’s Discovery posts $411.6 million in earnings in FY 2024
The group’s results for the 2024 fiscal year showcase a headline earnings figure amounting to $411.6 million.
African-American billionaire Alex Karp's Palantir partners with Nebraska Medicine in multimillion-dollar healthcare deal
This builds on earlier collaboration which started in January 2024 sharing a mission to solve critical healthcare problems rapidly.
Egyptian billionaire Ahmed Ezz’s steel group posts $460-million profit in H1 2024
This marks a substantial recovery from the loss the company recorded during the same period in 2023.
South African billionaire Johann Rupert’s Richemont seals acquisition of Italian jewelry brand
The move expands Richemont’s “Jewellery Maisons” division, which includes brands like Cartier and Van Cleef & Arpels.
Africa's first Black billionaire Patrice Motsepe’s investment firm surpasses $1 billion in net asset value
Motsepe owns an indirect 27-percent stake in ARC, contributing to his status as Africa’s first richest man.
Sibanye, led by South African tycoon Neal Froneman, reports $379 million loss for first half of 2024
The results mark a stark contrast to the same period in 2023, when Sibanye posted a profit of R7.8 billion ($427 million).
South African tycoon Christopher Seabrooke's Sabvest Capital stake drops by $4.44 million
Christopher Seabrooke’s stake in Sabvest Capital dips below $70 million as shares slide.
Nigerian insurance tycoon Wole Oshin’s Custodian projects $18-million profit for Q4 2024
Custodian Investment expects a 119.74-percent profit increase in Q4 2024, with after-tax profit projected to reach N30.98 billion ($18 million).