Adrian Gore-linked Discovery Life pays $593 million in claims
The company paid out R11.5 billion ($593 million) in benefits, with wellness incentives and living benefits surpassing traditional death claims for the first time.
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Duncan Wanblad's Anglo American faces hurdle in $3.5 billion deal
Anglo American is also navigating a strategic overhaul, including a potential listing of its diamond business, De Beers.
Kola Karim eyes big cashout from Mota-Engil’s DBN Energies takeover
Mota-Engil, a Portuguese construction firm, plans to acquire DBN Energies, an oil infrastructure specialist, from Kola Karim.
Ibidapo Lawal unveils $150 million-a-year aluminum plant in Nigeria
The plant, which is expected to generate $150 million in annual revenue once fully operational, will play a significant role in boosting Nigeria’s industrial sector.
Yasseen Mansour's Palm Hills backs $25.2 million loan for 200 hotel rooms
Palm Hills backs $25.2 million loan for 200 hotel rooms at Hacienda White, boosting its stake in Egypt's North Coast tourism.
South African billionaire Patrice Motsepe under pressure in $195 million lawsuit
The lawsuit threatens to derail ARC’s plans to delist and restructure, casting a shadow over the firm’s future.
Laurence Rapp-led fund surpasses $2.5 billion in assets
Vukile Property Fund has exceeded $2.5 billion in assets, driven by its Iberian expansion and strong earnings from strategic offshore investments.
Ivan Glasenberg makes first Glencore share purchase in a decade
Ivan Glasenberg increases stake in Glencore after decade-long gap. His stake is worth around $3.7 billion, making him Glencore’s largest individual shareholder.
Sam Darwish gains nearly $12 million from IHS stake
U.S.-Nigerian telecom executive Sam Darwish’s IHS stake rises nearly $12 million to $56 million.
Sim Tshabalala named interim head of Standard Bank's South African unit
This move is designed to provide stability and maintain the strength of both the group and its largest revenue-generating subsidiary during a crucial leadership transition.
Thom Mpinganjira’s FDH Bank stake hits $500 million
This significant growth comes after a notable rise in the shares of the Blantyre-based lender on the Malawi Stock Exchange (MSE).
Egyptian businessman Hani Berzi to pocket $6.9 million dividend
This payout, which more than double what he received last year, underscores Edita’s strong financial position and its commitment to rewarding shareholders.
Beyoncé’s hair care line launches in retail stores
The Ulta partnership marks an important new chapter for Cécred, which first launched as a direct-to-consumer brand through cecred.com.
Barry Swartzberg loses $40 million from stake in Discovery
South African businessman Barry Swartzberg’s stake in JSE-listed Discovery has dropped by $40.1 million, falling from R5.5 billion ($283.8 million) to R4.72 billion ($243.7 million).
Benedict Peters: How envy-fuelled fiction tried—and failed!
Benedict Peters is not an invader, but an investor. He is not a threat, but a thriving thread in the fabric of African economic renaissance.
Adebola Adegunwa donates $1 million trauma center to Nigerian hospital
The center, which was completed in less than a year, marks a major step forward in the region’s emergency healthcare capabilities.