Economy

KEY POINTS Paul van Zuydam is South Africa’s newest billionaire with an estimated net worth of $1.7 billion He acquired Le Creuset in the late 1980s and rebuilt it through …

KEY POINTS Groupe EDK Senegal retail expansion will add up to 18 new stores IFC financing is largely structured in local currency The project is expected to create more than …

KEY POINTS • Ghana’s parliament has approved a law regulating cryptocurrency activities• Central bank to license and supervise crypto platforms and service providers• Crypto remains legal but not legal tender …

KEY POINTS Adrian Gore sells $3 million Discovery stock while securing long-term hedge. Gore uses collar strategy to manage risk and protect his stake. Discovery reports $545 million profit and …

Talaat Moustafa Group is investing more than $5 billion in Oman real estate projects, marking one of the largest foreign property expansions in the sultanate

Crown Healthcare secures $10 million to build a pharmaceutical plant in Kenya, marking a shift from distribution to local drug manufacturing

KEY POINTS UK court orders Paul Ndung’u to repay $2.9 million to former co-shareholders. Ndung’u’s appeal to reclaim a 17 percent SportPesa stake is blocked. SportPesa continues operations under institutional …

Edita is rolling out an $84 million investment plan that expands its Egypt base while accelerating new growth moves in Iraq and Morocco

KEY POINTS Terrence Moolman Caxton stake rose by about $7.7 million as Caxton & CTP shares climbed on the JSE. Caxton’s market cap reached roughly $285 million, reflecting renewed investor …

KEY POINTS Palm Hills Gulf expansion advances with UAE trademark approval. New Incolease facility boosts liquidity for Egypt projects. Shareholders endorse strategic cross-border growth agenda. Cairo-based Palm Hills Developments has …