Pick n Pay to list Boxer unit in JSE IPO, targeting $451 million
The IPO could raise up to R8 billion ($451.2 million), potentially the biggest public offering in Africa in 2024.
Barry Swartzberg gains $43.3 million from stake in South Africa’s Discovery
Barry Swartzberg, one of South Africa’s most successful businessmen, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
Femi Otedola’s $2.25-million gift to Augustine University deepens commitment to education
Otedola’s $2.25-million donation to Augustine University in Lagos bolsters his legacy in education and philanthropy.
This Nigerian entrepreneur built a $28-million-a-year plastic and mat business
Salisu Buhari's remarkable transformation from the shadows of political scandal to establishing a thriving multimillion-dollar manufacturing empire.
Dangote Cement exports 22 clinker shipments to Ghana and Cameroon
Dangote Cement supports regional construction, exports 22 shipments of clinker to Ghana and Cameroon in first nine months of 2024.
Dangote Cement revenue surges 69 percent to $1.56 billion in nine months
Pan-African operations drive growth; profit margins remain steady despite rising costs.
Johann Rupert's wealth drops by $700 million in October amid Richemont stake decline
The decline is primarily attributed to fluctuations in his stake in Richemont, the luxury conglomerate that houses brands like Cartier and Chloé.
Savannah Clinker gains edge in Bamburi Cement takeover after Amsons, Holcim pullout
Savannah Clinker's increased offer of Ksh76.55 ($0.59) per share values Bamburi at Ksh27.8 billion ($215.7 million), surpassing Amsons' earlier bid.
Suresh Bhagwanji Shah’s stake in I&M Group surges past $36 million
The recent rally in I&M Group's shares on the Nairobi Securities Exchange has significantly boosted Shah's fortune.
African Bank offers $28.3 million for Grindrod property assets
Deal to diversify African Bank’s portfolio; Grindrod refocuses on core operations.
Gabriel Ogbechie’s stake in Eterna surpasses $13 million on NGX
Nigerian oil magnate solidifies his position among the country’s richest investors.
Prosus aims for $400-million e-commerce profit by 2025
CEO Bloisi emphasizes profitability and strategic divestments in core business
South African tycoon Terrence Moolman’s Caxton stake surges above $130 million
This surge is driven by the sustained rise in the shares of the leading publisher of books, newspapers, and magazines on the Johannesburg Stock Exchange (JSE).
Kenya's top banker gains $3 million in three weeks from Equity Group investment
Over the past 20 days, the market value of his stake has increased by Ksh396.21 million ($3.07 million), fueled by a robust stock performance on the NSE.
Aradel Holdings sees $517-million market cap drop amid investor sell-off
The selloff coincides with Nigeria’s decision to reject Shell’s plan to offload its onshore oil assets to a consortium that includes Aradel, alongside ND Western and Waltersmith.
Nigerian government approves Seplat’s $1.28-billion acquisition of ExxonMobil assets
Seplat Energy receives Nigerian Government approval for $1.28 billion purchase of ExxonMobil onshore assets.