Barry Swartzberg loses $40 million from stake in Discovery
South African businessman Barry Swartzberg’s stake in JSE-listed Discovery has dropped by $40.1 million, falling from R5.5 billion ($283.8 million) to R4.72 billion ($243.7 million).
Pascal Dozie, founder of defunct Diamond Bank, dies at 86
Dozie founded Diamond Bank in 1990, growing it into a major player before its acquisition by Access Holdings in 2018.
Benedict Peters resolves dispute at Accra Apartment Complex, no arrests, police confirm
Pan-African billionaire Benedict Peters’ dispute over lift access at an Accra apartment complex led to a peaceful vehicle protest, resolved without disruptions.
Abdul Samad Rabiu signs deal for palm oil refinery
The facility will support sustainable practices in agriculture and manufacturing.
Samuel Dossou-Aworet-backed Tullow Oil sells oil assets to Gabonese government
Tullow Oil sells Tullow Oil Gabon SA to the Gabonese government for $302 million.
Africa’s oldest billionaire Natie Kirsh joins takeover bid for Abacus Storage King
The offer, made through his family office, Ki Corporation, values the ASX-listed company at around A$1.93 billion ($1.2 billion).
Johann Rupert loses $3.2 billion as Trump tariffs ripple through global markets
South Africa's richest man, Johann Rupert, saw his net worth fall from $17 billion on March 4 to $13.8 billion at the time of this report.
Court blocks East Africa's first billionaire from recovering $2.2 million from dfcu
This marks a twist in the ongoing legal battle between Ruparelia’s Crane Management Services and dfcu bank.
Sanlam Kenya, backed by Kenyan investor Baloobhai Patel, to raise $19.3 million in rights issue
Sanlam Kenya, backed by tycoon Baloobhai Patel, plans a $19.3 million rights issue to cut debt, strengthen its balance sheet, and revive profitability.
Saltzman family, one of South Africa’s richest, loses $43.95 million from Dis-Chem stake
This follows a previous loss between Feb. 7 and Mar. 10, when their stake dropped by $45.37 million, from $473.47 million to $428.09 million.
Moi family’s Sosian Energy loses geothermal license in Kenya
The Moi family's energy company, Sosian Energy, faces setbacks as its geothermal project’s progress is halted amid growing scrutiny.
Waleed Zaki leads Egyptian real estate developer to $21 million profit in 2024
This strong performance came despite a decline in operating revenues, from $114.3 million to $98.64 million.
Burna Boy, Davido, others out earn South African counterparts in $10 billion Spotify royalty payout
Spotify reports that around 250 million user-created playlists now feature at least one Nigerian artist, while 220 million contain a South African.
MTN unfreezes $23 million as court rules against Cameroon's richest man
This is a major twist in the ongoing legal battle between Baba Ahmadou Danpullo and First National Bank (FNB), with MTN Cameroon caught in the middle.
Marvin Ellison, one of America’s Black executives, loses $21 million from Lowe’s stake
This decline follows earlier losses from Jan. 27 to Feb. 18, when his stake fell $12.44 million, from $200.78 million to $188.34 million.
Burkina Faso's richest man starts construction of Gabon's $370 million airport
EBOMAF has also been tapped to lead the development of Libreville 2 — a brand-new city designed for smart living and sustainable growth.