Edita, led by Hani Berzi, reports $190 million H1 revenue
Egypt’s Edita Food Industries, led by Hani Berzi, posts $190.7 million H1 2025 revenue, with profit up 22.7% despite lower sales volumes.| Daily News on African Billionaires and UHNWIs
Egypt’s Edita Food Industries, led by Hani Berzi, posts $190.7 million H1 2025 revenue, with profit up 22.7% despite lower sales volumes.| Daily News on African Billionaires and UHNWIs
Edita launches a premium frozen bakery line for Egypt’s food service sector, targeting cafés, hotels, and restaurants with ready-to-bake pastry solutions.| Daily News on African Billionaires and UHNWIs
Sanlam, backed by billionaire Patrice Motsepe, boosts private market investments to strengthen returns in South Africa.| Daily News on African Billionaires and UHNWIs
Gabonese oil magnate Samuel Dossou-Aworet eyes a major payout as Petrolin plans to sell its 40 percent ND Western stake to Aradel Energy.| Daily News on African Billionaires and UHNWIs
South African tycoon Christopher Seabrooke’s stake surges by $8 million as Sabvest Capital shares rally on the JSE, lifting his stake above $100 million.| Daily News on African Billionaires and UHNWIs
Sunil Bharti Mittal’s Airtel Africa targets partnerships, AI, and data centers to strengthen the continent’s digital economy.| Daily News on African Billionaires and UHNWIs
Rasheed Sarumi-led Presco sees profit surge to N110.79 billion and revenue climb to N274.5 billion on higher palm oil prices.| Daily News on African Billionaires and UHNWIs
Led by Abdulmajid Nsekela, CRDB Bank raises $120 million from FinDev Canada, DEG, and Shelter Afrique to boost women, youth, and small businesses.| Daily News on African Billionaires and UHNWIs
The Ghabbour family’s GB Corp stake rebounds above $350 million as shares rally 17% on the Egyptian Exchange, restoring investor confidence in Egypt’s leading automaker.| Daily News on African Billionaires and UHNWIs
Senegalese businessman Tamsir Ousmane Traoré acquires Ivorian freight startup Kamtar, expanding Logidoo’s digital logistics network across West Africa.| Daily News on African Billionaires and UHNWIs
Africa’s richest man Aliko Dangote plans a 10% listing of his $20 billion refinery on the Nigerian Exchange to expand investor participation.| Daily News on African Billionaires and UHNWIs
Optasia, led by Nigerian-Lebanese tycoon Bassim Haidar, plans a Johannesburg IPO targeting a $1.5 billion valuation.| Daily News on African Billionaires and UHNWIs
Neville Koopowitz, head of Discovery Group’s U.K. unit, earned almost $5 million in the last financial year, topping the pay of founder and CEO Adrian Gore.| Daily News on African Billionaires and UHNWIs
South African billionaire Patrice Motsepe has denied speculation that he plans to run for the ANC presidency. Speaking in Johannesburg, Motsepe said his focus remains on business and philanthropy, not politics, dismissing weeks of mounting rumors about a potential candidacy.| Daily News on African Billionaires and UHNWIs
Nigeria’s richest man is preparing to list a slice of his refinery, and if the market agrees with his valuation, it could send his net worth soaring to levels few in the world have reached.| Daily News on African Billionaires and UHNWIs
Hilton has signed three new Tapestry Collection hotels across Sub-Saharan Africa, including a Kigali property by Masai Ujiri’s Zaria Group.| Daily News on African Billionaires and UHNWIs
Hani Berzi’s Edita Food acquires $6.7 million in machinery to raise capacity and strengthen its regional snack food expansion.| Daily News on African Billionaires and UHNWIs
Innocent Chukwuma moves to expand clean transport as Innoson plans a major CNG vehicle plant in Bayelsa State.| Daily News on African Billionaires and UHNWIs
Moniepoint, led by Tosin Eniolorunda, posted a $1.2 million loss in the UK while preparing for a full 2025 launch.| Daily News on African Billionaires and UHNWIs
North Africa| Daily News on African Billionaires and UHNWIs
King Mohammed VI opened a sweeping set of projects at Casablanca Port, part of Morocco’s push to elevate the city as Africa’s commercial and tourism hub.| Daily News on African Billionaires and UHNWIs
Alaouite family’s stake in Attijariwafa Bank rises $2.2 billion, reflecting strong bank performance and strategic investments.| Daily News on African Billionaires and UHNWIs
Morocco’s King Mohammed VI announces a $33 million project for a rehabilitation center offering psychiatric, vocational, and social support.| Daily News on African Billionaires and UHNWIs
West & Central Africa| Daily News on African Billionaires and UHNWIs
Access Holdings secures IFC backing to boost SME lending in Sierra Leone, targeting women-led firms and expanding access to credit in underserved markets.| Daily News on African Billionaires and UHNWIs
Belemaoil struggles with low output on OML 55 while Elizabeth Jack-Rich’s Elin Group gains ground in Nigeria’s aviation sector, redefining the Jack-Rich business empire.| Daily News on African Billionaires and UHNWIs
Tullow Oil has completed the $120 million sale of its Kenya assets to Gulf Energy, handing a local firm control of long-delayed oil hopes.| Daily News on African Billionaires and UHNWIs
African Bank completes a $28 million Grindrod asset deal, expanding its portfolio with loans, property stakes, and mortgage bonds in South Africa’s financial sector.| Daily News on African Billionaires and UHNWIs
African Bank, led by Kennedy Bungane, secures $40.4 million to support SMEs through its first social bond and sustainable finance framework.| Daily News on African Billionaires and UHNWIs
First HoldCo’s gross earnings jump to $1.07 billion in H1 2025, while Otedola-led reforms drive asset growth and investor confidence.| Daily News on African Billionaires and UHNWIs
The results reflect the growing impact of Otedola’s leadership on the 130-year-old institution.| Daily News on African Billionaires and UHNWIs
Otedola remains one of Nigeria’s wealthiest businessmen, who has conquered industries ranging from banking to oil and gas.| Daily News on African Billionaires and UHNWIs
Femi Otedola boosts FirstHoldCo stake with $1.35 million share purchase, raising his holding to 16.1 percent.| Daily News on African Billionaires and UHNWIs
Christopher Seabrooke’s Sabvest stake rebounds to $99 million as shares rally nearly 19% in weeks.| Daily News on African Billionaires and UHNWIs
Aga Khan’s investments shaped East Africa’s media, banking, and hospitality sectors.| Daily News on African Billionaires and UHNWIs
Aga Khan Fund reorganized its $9.3 million stake in Nation Media Group into a new unit, consolidating control as the publisher faces financial strain and industry shifts.| Daily News on African Billionaires and UHNWIs
Billionaires.Africa is the world's premier source of news and information on African billionaires and UHNWIs.| Daily News on African Billionaires and UHNWIs
Aliko Dangote’s $20 billion refinery bought $7.2 million crude from NNPC in July under Nigeria’s naira-for-crude policy, filings show.| Daily News on African Billionaires and UHNWIs
