ArcelorMittal South Africa, tied to Noluthando Gosa, to end long steel production by April
After prolonged discussions with authorities, ArcelorMittal SA said it had no choice but to move forward with the shutdown.
Oil firm led by Nigerian President’s nephew wins bid for Caribbean refinery
The move positions the oil company for deeper integration into the Caribbean’s refining sector, strengthening its international footprint.
Egyptian tycoon Ahmed El-Sewedy’s electric firm to build Hungary’s largest power plant in decades
This marks a significant step in Elsewedy Electric’s expansion into Europe, reinforcing its presence in the global energy infrastructure market.
Glencore, led by South Africa’s Gary Nagle, wins $120 million payout in Nigerian LNG battle
The legal dispute underscores escalating tensions in global LNG markets, as suppliers and traders grapple with post-2022 contract enforcement challenges.
Standard Bank, led by South African banker Sim Tshabalala, unveils $397 million boost for SMMEs
The move is set to widen credit access, stimulate job creation, and bolster economic resilience.
Egypt’s richest family powers major expansion at the American University in Cairo
The company has secured the contract to develop “Campus 2026,” a major expansion of The American University in Cairo (AUC).
Egyptian fintech mogul Mounir Nakhla’s MNT-Halan bets $10 million on Pakistan expansion
The company plans to open 100 new branches in Pakistan and expand its digital lending platform by the end of 2025.
Burkina Faso’s richest man secures $5.2 million to support Togo’s farmers
The funds will be channeled through Bonkoungou Distribution (BKG), a subsidiary of Mahamadou Bonkoungou’s EBOMAF.
Alami Lazraq, Moroccan real estate tycoon, gains nearly $90 million in nine days
This latest gain comes after an earlier increase of $37.2 million between Jan. 21 and Feb. 5.
Egyptian businessman Mohammed El-Sewedy's stake in electric giant surges by $45 million
Since the start of the year, the value of his holding has risen by $45.8 million, fueled by a strong rally in the company’s stock on the EGX.
Sibanye, led by South African tycoon Neal Froneman, strikes chrome management deal with Glencore
The deal will see Glencore’s joint venture with Merafe Resources oversee Sibanye’s chrome recovery plants in South Africa.
Egyptian tycoon Ibrahim Al Organi backs $5 billion mega project, steering Organi Group’s bold expansion
The consortium aims to take on large-scale projects across Egypt and beyond, targeting $500 million in business volume in its first year.
Shaquille O'Neal signs $15 million deal to keep 'Inside The NBA' crew intact
The deal extends as long as ESPN carries the program, securing the award-winning broadcast team at Turner Sports, which is part of Warner Bros. Discovery.
Egyptian steel tycoon Ahmed Ezz makes over $37 million from Ezz steel stake
With an output surpassing 5 million metric tonnes each year, Ezz Steel continues to outperform regional rivals like Saudi Arabia's Hadeed and Emirates Steel.
One of America’s richest Black CEOs sees $46.7 million drop in Eaton stake
Over the past 23 days, the market value of his holdings has dropped by $44.86 million as investors pulled back from the stock.
South African billionaire Jannie Mouton’s Capitec Bank stake nears $1 billion
A recent surge in the leading retail bank’s share price has pushed his holdings close to the $1 billion mark.