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Top Billionaires.Africa News

Sibanye says 289 workers trapped in South African gold mine

South Africa Economy · Johannesburg

Sibanye says 289 workers trapped in South African gold mine

45% Center coverage: 102 sources

The incident happened at the Kloof mine in South Africa.See the Story

Bill Gates says most of the $200 billion he's pledged to donate will go to Africa

Bill Gates · United States

Bill Gates says most of the $200 billion he's pledged to donate will go to Africa

45% Right coverage: 31 sources

Bill Gates is revealing his plans for the $200 billion he intends to give away through his foundation over the next 20 years, vowing that much of the money will go to Africa. See the Story

Top Wall Street analysts prefer these dividend stocks for consistent returns

Top Wall Street analysts prefer these dividend stocks for consistent returns

Coverage: 2 sources

TipRanks' analyst ranking service discusses three dividend-paying stocks, including Home Depot and Diamondback Energy, highlighted by Wall Street's top pros.See the Story

Nigeria Loses Import Crown to South Africa Malawi 24 | Latest News From Malawi

Nigeria has lost its position as Africa’s largest importer of refined petroleum products, overtaken by South Africa, according to a report from energy consultancy CITAC seen by local media. This shift follows the ramp-up of operations at the Dangote Petrochemical Refinery, which began large-scale production in early 2024. Firstly, the Dangote refinery, with a capacity […] The post Nigeria Loses Import Crown to South Africa appeared first on Mala…Oil and Gas Sector · South Africa See the Story

Acumatica to Be Acquired by Vista Equity Partners

Acumatica, a leading provider of cloud ERP solutions for small and mid-sized businesses, today announced it has signed a definitive agreement to be acquired ...See the Story

Yasseen Mansour's Palm Hills launches new project with $4 billion sales target

Key PointsPalm Hills to develop Jirian, a 361-feddan residential city in New Sheikh Zayed, excluding the Nile river frontage, part of a 1,600-acre masterplan.The two-phase development will deliver 6,500 units and target approximately EGP200 billion ($4 billion) in total residential sales.The project marks Palm Hills’ entry into the New Delta expansion, aligning with Egypt’s westward housing push and growing demand for large-scale residential inf…Giza, Giza Governorate · Giza Read Article

Madinet Masr, led by Egyptian tycoon Abdallah Sallam, opens new unit in Dubai

Key PointsMadinet Masr expands to the UAE with Dubai-based subsidiary Cities of the World, aiming to tap into surging Gulf real estate demand. Abdallah Sallam leads regional growth, appoints veteran Mohamed Lashien to drive Madinet Masr’s international operations from Dubai. Despite Q1 profit drop, company signals long-term confidence with 42.7M share buyback amid strategic Gulf expansion.Madinet Masr Housing and Development (MNHD), one of Egypt…Read Article

Johann Rupert to receive $20.7 million dividend from Reinet

Key PointsJohann Rupert, South Africa’s richest man, is set to earn $20.7 million in dividends from Reinet following the company’s strong net asset growth in fiscal 2025.Reinet’s NAV rose 11.85% year-over-year to $7.89 billion, driven by strategic exits like BAT and high-yield investments including Pension Insurance Corporation Group.With a 24.9% stake in Reinet, Rupert remains its largest shareholder, and his holdings now contribute $1.32 billi…South Africa · South Africa See the Story

South Africa’s Barry Swartzberg gains $18 million from Discovery stake

Key PointsBarry Swartzberg’s stake in Discovery surged by $18.59 million in 23 days, driven by a 6.24% rally in the firm’s share price. Discovery shares are up 11.97% year-to-date, outperforming peers and attracting strong local and foreign institutional demand. With a 3.92% stake, Swartzberg remains a key figure as Discovery expands its global footprint and integrated services model.South African businessman Barry Swartzberg, co-founder of fina…Sandton · Sandton Read Article

Mike Adenuga’s Globacom expands network to community near Nigeria’s capital

Key PointsGlobacom connects 12,000 residents in rural Kura, expanding mobile access with LTE speeds and public WiFi for schools and clinics.Glo targets underserved areas to support education, healthcare, and business, with more rollouts planned nationwide.Through Conoil, Mike Adenuga exports Nigeria’s newest medium-sweet crude from OML 150, partnering with NNPCL.Globacom, the telecom giant founded by Nigerian billionaire Mike Adenuga, has expand…Education · Nigeria See the Story

South Africa’s Saltzman family sees $28.6 million gain from Dis-Chem shares

Key PointsSaltzman family stake in Dis-Chem rises to $476 million after shares gain 6.4% in just 22 days on the Johannesburg Stock Exchange.Dis-Chem shares rise 6.4% since May 8, lifting the company’s market cap to over $1.6 billion and delivering solid gains to major investors.Despite recent gains, Dis-Chem shares are down 6.57% in 2025, with a $100,000 investment declining to $93,430, reflecting lingering market pressures.The Saltzman family—a…Johannesburg · Johannesburg Read Article

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