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Prosus N.V. has grown into a leading global consumer Internet group. The transaction gives Prosus liquidity to focus on higher-growth areas in its portfolio.
Otedola’s net worth has surged by $400 million since the start of 2024, increasing from $1.1 billion to $1.5 billion, according to Forbes.
The agreement will see BUA Foods more than double its current output from 400,000 tonnes to 900,000 tonnes per year.
Combs was arrested last week and remains in custody after twice being denied bail.
Excelsior Shipping, linked to Coumantaros, has secured a court order to convene a Court-Ordered Meeting, during which shareholders will vote on the proposed scheme.
Jay-Z pledges $250 million in grants to support Hell’s Kitchen and boost his Times Square casino bid.
James' SpringHill Co. partners with Mediawan to co-produce film and TV projects for international markets.
Billionaire Naguib Sawiris expands Orascom's gold investments to $1.5 billion amid rising global demand from China and Russia.
This acquisition is expected to deliver substantial value to Smartsheet’s shareholders and aligns seamlessly with the investment strategies of both firms.
Saad's wealth drops by nearly $160 million after Aspen Pharmacare's shares tumble 20.17 percent over the past 25 days on the JSE.
Nedbank is reorganizing its investment banking unit to target Africa’s growing debt market.
Ibeto's business empire spans multiple industries, including cement manufacturing, petrochemicals, auto parts, real estate, and hospitality, cementing his role as a top Nigerian entrepreneur.
The move comes as Dangote, 67, continues to expand his industrial empire, which includes cement, sugar, fertilizer, and a newly operational $20-billion oil refinery in Lagos.
Du Plessis’ stake in Capitec Bank now above $160 million, thanks to $10.49-million gain in 18 days.
The project will link the Lekki Deep Sea Port to the Shagamu-Benin Expressway via Epe, enhancing transportation infrastructure in Lagos, Nigeria’s economic center.
Acorn’s portfolio under Edward Kirathe includes 17,000 beds in 17 student housing properties, with an additional 6,000 beds under development.