Tag: Featured

Mandarin Oriental, TMG partner on Egypt luxury hotels, Nile Cruise

Mandarin Oriental Hotel Group expands in Egypt with historic hotels and its first luxury Nile cruise launch.

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Aliko Dangote’s daughters, Halima, Fatima, Mariya, take key roles in family conglomerate

Dangote daughters assume executive roles, leading energy, cement, and international operations at Africa’s top conglomerate.

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South Africa fast-tracks $3 billion Durban LNG power plant

South Africa accelerates a $3 billion Durban LNG plant, combining power generation, gas pipelines, and industrial LNG supply.

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PIC boosts Famous Brands stake to 15.02% in $53 million bet

PIC raises stake in Famous Brands to $53 million, lifting holding to 15.02% as sales rise and institutional appetite grows.

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Patrice Motsepe steps down from ARM executive duties under new JSE rules

South African billionaire Patrice Motsepe steps down from ARM executive role, stays as chairman.

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Ninety-One increases Resilient REIT stake to $212 million

Ninety-One lifts Resilient REIT stake to $212 million, reinforcing institutional confidence in South Africa’s retail property sector.

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BUA Group drives Africa’s food independence through strategic Abu Dhabi deals

BUA Group teams with AD Ports and MAIR to expand sugar refining, regional food production, and global logistics.

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Africa’s 10 oldest billionaires

Africa’s 10 oldest billionaires, 75 and above, built $50 billion empires spanning retail, banking, mining and luxury goods.

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Africa’s first defense tech prime Terra Industries closes $34 million funding round

Terra Industries raises $34 million to expand Africa’s first homegrown defense tech and secure $11 billion in critical infrastructure.

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IFC invests $5 million in Arc Ride to scale Kenya’s electric motorcycle market

IFC plans $5 million investment in Arc Ride, accelerating Kenya’s electric motorcycle and battery-swap expansion.

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Nigerian billionaire Abdul Samad Rabiu shares boat cruise weeks after Masai Mara safari

Abdul Samad Rabiu shares a boat cruise after Masai Mara safari; BUA Foods posts record profits, and cement expansion underway.

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Stefanutti stocks shows recovery with over $960 million order book

Stefanutti Stocks’ R15.3 billion ($960.52 million) order book and debt cut signal recovery, positioning the group for steady infrastructure growth.

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