Egyptian tycoon Abdallah Sallam’s Madinet Masr seals $9.5-million Taj City deal
As part of the agreement, Korra Energy will lead the construction of a showroom in Tajed, a key component of Taj City’s broader mixed-use development.
South African billionaire Michiel Le Roux faces $164.5 million loss from Capitec share drop
This decline has reduced the market value of his stake to $2.05 billion as the bank contends with broader market challenges.
Zenith Bank, led by Nigerian banker Jim Ovia, raises $230.3 million in public offering, rights issue
This milestone solidifies Zenith’s position as one of Nigeria’s top-capitalized financial institutions.
Egyptian multimillionaire Safwan Thabet’s Juhayna stake gains $30.1 million
In the past nine days, his shares have increased by $30.1 million, pushing the market value of his stake above $325 million.
Egyptian billionaire’s group allocates $4.9 million for Ain Shams Medical City healthcare upgrades
This funding supported the launch of a fully upgraded Children’s Emergency Department and a modern Blood Transfusion and Chemotherapy Center.
Kenyan tycoon Suresh Bhagwanji Shah sees $3.1 million gain from I&M stake
The rise in I&M Group’s stock price highlights ongoing investor confidence and growing market interest.
Moniepoint, led by Tosin Eniolorunda, receives Visa backing after reaching $1 billion valuation
This investment signals the beginning of a partnership between Visa and Moniepoint, a collaboration that could reshape Africa’s digital payments landscape.
Nigerian insurance tycoon Wole Oshin makes $1.9 million from Custodian shares
As the largest shareholder and group managing director, Oshin wields considerable influence, holding a 27.05 percent stake in Custodian Investment.
Egyptian billionaire Khamis family’s stake in Oriental Weavers tops $200 million
Since the start of 2025, their shares have increased by $13.32 million, bringing the market value to $200.36 million.
Nigerian gambling magnate Kessington Adebutu-backed Wema Bank to raise additional $128 million
The move aims to strengthen its capital base and solidify its position as a leading player in the country’s financial sector.
SeamlessHR secures $9 million series-A extension from Gates Foundation, Helios Venture
The company continues to scale its operations, providing innovative solutions to empower businesses across Africa.
Nigerian gambling magnate Kessington Adebutu loses $3.6 million from Wema Bank shares
This setback follows a challenging year for Adebutu, who saw his Wema Bank stake drop by $2.73 million in 2024.
Egypt's billionaire family-led Elsewedy Electric to power Greece’s first large-scale battery storage project
The project, the first of its kind in Greece, signals a pivotal moment in Elsewedy Electric’s aggressive expansion strategy within the renewable energy sector.
South African billionaire Saltzman family's Dis-Chem stake declines by $26.3 million
This comes after a period of growth in 2024, reflecting the group’s resilience last year.
Airtel Africa joins forces with Bajaj Finance to launch digital financial platform
The collaboration aims to revolutionize last-mile delivery of financial services by leveraging their combined scale and distribution reach.
Sasol, led by South African executive Simon Baloyi, plans to revive and list chemical division
Sasol has been working to optimize the project’s performance, restore investor confidence, and explore strategic options—including an Initial Public Offering (IPO).