Nigerian gambling magnate Kessington Adebutu loses $3.6 million from Wema Bank shares
This setback follows a challenging year for Adebutu, who saw his Wema Bank stake drop by $2.73 million in 2024.

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South Africa’s second-richest man sees net worth soar to $12 billion
Over the past 17 days, his net worth has risen by $225 million, reaching $12 billion, according to the Bloomberg Billionaires Index.

Billionaire Mike Adenuga’s Globacom makes retail expansion in north-eastern Nigeria
The expansion aligns with Globacom’s long-term strategy of deepening its presence across the country.

Egyptian businessman Ahmed El-Sewedy’s electric firm launches telecom cables factory
The facility marks a major step in expanding Egypt’s telecom infrastructure and solidifying the country’s position as a regional manufacturing hub.

Palantir’s soaring stock adds billions to Alex Karp’s net worth, pushing him near $10 billion
The Black billionaire, who owns a 2.63 percent stake in Palantir, added $2.1 billion to his net worth in just a few days, according to Forbes’ estimates.