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.
Naguib Sawiris adds nearly $600 million to fortune, maintains spot among Africa’s richest
The Egyptian billionaire’s wealth growth is attributed to the performance of his diversified investment portfolio.
Anglo American sells steelmaking coal business for $4.9 billion
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.
Kessington Adebutu gains $2.1 million from Wema Bank shares
Adebutu's stake surged by $3.26 million between Sept. 18 and Nov. 11, rising from $13.93 million to $17.19 million.
South African Saltzman family gains $15.7 million from Dis-Chem shares
This recent gain follows an earlier increase of $18.79 million between Sept. 13 and Oct. 26.
Brait reduces stake in Premier group to $284.4 million
Brait’s decision to reduce its stake in Premier comes after a successful R750 million ($41.3 million) accelerated bookbuild offering earlier this year.
Kenya cancels Adani Group's $2.5-billion deals in wake of U.S. indictment
The decision sparked widespread jubilation in the House, with both Senators and Members of Parliament chanting “Adani Must Go,” briefly interrupting the President's speech.
Karooooo shares decline, costing Zak Calisto $60.5 million
This follows a $107.76 million decline recorded between Oct. 14 and Nov. 6, pushing his stake further below the $1 billion mark.
Nassef Sawiris sees $930-million wealth gain, entering global top 350 richest
Egypt’s richest man, Nassef Sawiris’ wealth is bolstered by increased cash holdings, rising by nearly $1 billion to $3.85 billion.
Sibanye-Stillwater partners with C5 Capital to explore Nuclear opportunities
The two companies formalized their partnership with a Memorandum of Understanding (MoU).
Ghabbour family's GB Corp stake declines by $15.6 million in 28 days
The decline follows a previous gain of $12.3 million recorded between Sept. 17 and Oct. 11, when Ghabbour family’s stake rose from $190.39 million to $202.72 million.
Flour Mills gains shareholder approval for buyout deal
The move follows a resolution approved by the Federal High Court, clearing the path for the company’s long-discussed acquisition strategy, which was first unveiled on Sept. 24.
Ahmed Ezz’s stake in Ezz Steel nears $840 million
Ezz Steel’s scale positions it as an industry leader, surpassing competitors like Saudi Arabia’s Hadeed and Emirates Steel.