Sam Darwish’s IHS raises $1.2 billion to boost telecom network in emerging markets
IHS led by Sam Darwish plans to boost digital inclusion, economic development through expanded connectivity.
Meet Nevine Sabbour: Trailblazing banker leading Egypt’s most valuable company
Nevine Sabbour became the first woman to chair Commercial International Bank (CIB) in September 2024, a historic first for Egypt’s banking sector.
Abdallah Sallam’s Madinet Masr signs $11.6 million deal for development project
This partnership underscores the company’s strategic focus on expanding its presence in Egypt’s high-growth real estate market through key collaborations.
Richemont's rally lifts Johann Rupert's wealth to $13 billion
Johann Rupert stays South Africa’s richest as Richemont boosts his net worth to $13 billion.
LeBron James’ SpringHill lost nearly $30 million last year amid Hollywood woes
This comes despite James' net worth soaring past the $1 billion mark this year.
Gus Attridge's Aspen stake down $39 million so far in 2024
This corresponds to an 18.12 percent drop in Aspen’s stock price on the Johannesburg Stock Exchange (JSE) since the start of the year.
Lighthouse completes $72.6-million sale of Planet Koper mall in Slovenia
The sale proceeds from Planet Koper Mall aim to fund acquisitions in the Iberian market, a key focus of growth with stronger economic resilience and tourism-driven retail demand.
IHS Holding's market woes slice $14.83 million from Sam Darwish’s stake
Despite setbacks in 2024, the telecom sector's long-term growth potential offers hope, with Darwish's leadership crucial for IHS Holding's recovery.
Court decision frees Benson Ndeta from jail in $34.7-million fraud case
Ndeta was detained in Nairobi’s Valley Arcade area before being questioned at the Directorate of Criminal Investigations (DCI) headquarters.
Sue Nabi’s beauty giant stake loses $150 million as shares decline
Despite 2024 setbacks, the beauty sector offers long-term growth potential, with Nabi's leadership crucial for Coty’s recovery.
Hassan Allam Construction lands Oman contract, strengthens regional reach
The firm will carry out refurbishment and construction work for the Al Ghubrah Pumping Station in Muscat, Oman.
Aliko Dangote plans major investment in Angola
This marks the latest phase in Dangote Industries' ongoing expansion as it looks to capitalize on Angola’s growing economy.
Capitec’s strong performance adds nearly $1 billion to Michiel Le Roux’s fortune
South African billionaire's net worth surges as bank shares hit record highs.
Zepz teams up with dLocal after $267 million raise to boost cross-border payments
The partnership aims to tackle financial access barriers in Africa, Asia, and Latin America, where millions are excluded from traditional banking systems.
Christo Wiese sees $96.3 million rise in Shoprite stake this year
Wiese, a key architect behind Shoprite’s transformation into Africa's largest retailer, holds a 10.67 percent stake in the retail giant.
Shares held by El-Sewedy brothers in Egyptian electric giant near $1 billion each
The El-Sewedys, founders of the electrical equipment manufacturing powerhouse, collectively hold a 51.05 percent stake in Elsewedy Electric.