rahim6 news

Key Points Reinet, controlled by Johann Rupert, is in talks to sell its 49.5% stake in Pension Insurance Corporation for up to $6.85 bil...Read More

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Hassanein Hiridjee’s AXIAN Telecom raises $600 million to expand connectivity in Africa with rahim66

June 30, 2025

Key Points AXIAN Telecom secured $600 million via oversubscribed bonds to refinance debt and expand digital infrastructure across Africa...Read More

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Egyptian billionaire Nassef Sawiris’ OCI finalizes $1.6 billion methanol business sale with rahim66

June 30, 2025

Key Points OCI secured $1.3 billion in cash and 9.9 million Methanex shares, becoming the company’s second-largest shareholder with a 12...Read More

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Elon Musk’s Starlink reconnects Nigeria after regulatory halt with rahim66

June 29, 2025

Key Points Starlink resumes satellite internet activations in Nigeria after regulatory approval, targeting high-demand cities like Lagos...Read More

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Egypt’s Mohammed El-Sewedy sees electric stake rise toward $600 million with rahim66

June 28, 2025

Key Points Mohammed El-Sewedy’s stake in Elsewedy Electric rose $31.6 million in one week, nearing a market value of $600 million. Inve...Read More

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Billionaire philanthropist Aminu Dantata, uncle to Aliko Dangote, dies at 94 with rahim66

June 28, 2025

Key Points The respected businessman and uncle to Aliko Dangote passed away Saturday, according to a family statement. His ventures sp...Read More

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Merali family's Sameer Africa closes $7.1 million land sale to slash debt with rahim66

June 27, 2025

Key Points Sameer Africa finalized all documentation in a $7.1 million land sale delayed by Kenya’s digital land registry transition, un...Read More

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Neal Froneman’s Sibanye nears decision on restarting $281 million Burnstone gold project with rahim66

June 27, 2025

Key Points Sibanye-Stillwater nears decision to revive its $281 million Burnstone gold project, paused in 2021 amid a downturn in platin...Read More

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Aliko Dangote’s fertilizer plant listing may fetch $3 billion in market value with rahim66

June 26, 2025

Key Points Dangote Fertilizer eyes $3 billion valuation as it prepares to debut on the Nigerian Exchange, marking a major move for Afric...Read More

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Safwan Thabet’s Juhayna starts 2025 strong with $13 million Q1 profit with rahim66

June 26, 2025

Key Points Juhayna’s Q1 2025 profit rose 34% to $13 million, driven by Ramadan-fueled demand, volume growth in dairy and juice, and stra...Read More

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Ghana’s Agyepong expands waste management operations to Burkina Faso after Lagos deal with rahim66

June 26, 2025

Key Points Ghana’s Jospong Group will develop a full-cycle waste management system in Burkina Faso, following high-level talks with Prim...Read More

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Black executive Marvin Ellison’s stake in Lowe’s grows by $5.8 million with rahim66

June 25, 2025

Key Points Ellison’s stake in Lowe’s grew by $5.79 million over the past six trading days, driven by a 3.67% rise in the stock price. L...Read More

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Sven Thieme expands O&L’s footprint in Namibia’s luxury tourism with Desert and River Lodge acquisitions with rahim66

June 25, 2025

Key Points Sven Thieme’s O&L Leisure acquires Le Mirage and Divava lodges to deepen its luxury tourism portfolio in Namibia. The ex...Read More

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Wale Tinubu’s Oando kicks off 2025 with $601.5 million in first-quarter revenue with rahim66

June 25, 2025

Key Points Oando reported a 90.51% rise in Q1 2025 profit, driven by net finance income of $43.7 million and a tax credit of $106.8 mill...Read More

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MTN, led by Zimbabwe’s Ralph Mupita, completes $360 million share buyback with rahim66

June 24, 2025

Key Points MTN Group repurchased 50.6 million shares worth $360.2 million from its empowerment vehicle, settling legacy NVF debt and clo...Read More

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How Prosus plans to repeat South African billionaire Bekker’s billion-dollar Tencent bet with rahim66

June 24, 2025

Key Points The company has invested heavily in platforms like PayU and Meesho, aiming to create India’s next $100 billion tech giant. C...Read More

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Hassanein Hiridjee’s AXIAN Telecom secures $28.8 million loan after Jumia stake deal with rahim66

June 23, 2025

Key Points AXIAN Telecom’s Yas Comoros unit secured a $28.8 million loan from IFC to expand broadband and boost digital access across th...Read More

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Kenyan tycoon Humphrey Kariuki’s beverage business faces insolvency with rahim66

June 23, 2025

Key Points Kenya’s tax authority triggered the move after a $317 million dispute; all company operations now fall under an administrator...Read More

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Dis-Chem founder Ivan Saltzman restructures $377.7 million stake among heirs with rahim66

June 21, 2025

Key Points Ivan and Lynette Saltzman transferred $377.7 million in Dis-Chem shares to heirs Dan and Mark, reducing their holding via Ivl...Read More

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Egyptian businesswoman Hend El-Sherbini expands IDH with $8 million CAIRO RAY acquisition with rahim66

June 21, 2025

Key Points IDH acquires CAIRO RAY for $8 million to deepen its radiology services, expanding Al Borg Scan’s footprint across Greater Cai...Read More

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Pick ‘n Pay, backed by Ackerman family, fuels retail recovery in South Africa with rahim66

June 20, 2025

Key Points Pick n Pay streamlines operations, closing 40 underperforming stores to boost profitability in South Africa’s retail sector. ...Read More

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Johann Rupert’s Richemont debuts Van Cleef & Arpels boutique in Florence with rahim66

June 20, 2025

Key Points Richemont’s Van Cleef & Arpels debuts a 260-square-meter boutique in Florence, fusing Renaissance elegance with the Maiso...Read More

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Otedola's FirstHoldCo pumps nearly $10 million into cybersecurity defenses with rahim66

June 19, 2025

Key Points Femi Otedola’s FirstHoldCo invests $9.7 million to strengthen cybersecurity at First Bank amid rising financial cyberattacks ...Read More

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Burkinabe tycoon Idrissa Nassa’s Coris Bank launches operation in Central Africa with rahim66

June 19, 2025

Key Points Coris Bank launches Chad unit after acquiring Société Générale’s operations, marking its first entry into the Central African...Read More

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