Nigerian billionaire TY Danjuma earns $500,000 dividend from pharma company
TY Danjuma holds a 43.28 percent stake in May & Baker Plc, the oldest pharmaceutical company on the Nigerian Stock Exchange.
Nairobi-based firm linked to Kenya’s Merali family sets sights on $6.3 million from land sale
The Merali family, custodians of the late tycoon Naushad Merali’s estate, is the majority shareholder of Sameer Africa.
Robert L. Johnson, world’s first Black billionaire, snaps up $20-million Palm Beach mansion
In 2001, Johnson made history by selling BET to Viacom for an astonishing $3 billion, becoming the world’s first Black billionaire.
Nigerian venture capitalist Adeyemi Ajao named to Forbes Midas List
Ajao, founder and managing partner of Base10 Partners, is the first Black person to make the Forbes Midas List.
The 9 richest Black women in America in 2023
From media mogul and entertainers to sport icons and software developers, meet the nine richest Black women in America in 2023.
Kenyattas, Kenya’s leading landowners, rake in $9.8 million in three weeks from NCBA stake
The Kenyatta family owns an impressive 13.2-percent stake in NCBA Group, or 217,497,023 ordinary shares.
African billionaires and presidents gather in Abidjan for The Africa CEO Forum
The Africa CEO Forum aims to define an African response to global crises.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Bank bolsters Ugandan unit with $5.92-million investment
I&M Bank Group is a prominent financial services conglomerate founded by Shah.
Egyptian businessman Ahmed El-Sewedy’s electric company records $94 million in profit in Q1 2023
El Sewedy Electric achieved extraordinary financial success in the first quarter of 2023.
Kenya’s richest banker James Mwangi faces $11.7-million loss in Equity Group investment
Mwangi has played a pivotal role in Equity Group’s expansion.
Tanzanian billionaire Rostam Azizi’s mining firm acquires 50-percent stake in Williamson Diamonds
Azizi, chairman of Taifa Mining, lauded the deal as a significant milestone for the company.
Nigeria’s richest banker Jim Ovia bolsters stake in Zenith Bank with 5 million new shares
Ovia continues to play a significant role in shaping Nigeria’s financial landscape.
Neal Froneman leads Sibanye to green future with wind energy deal
Froneman leads Sibanye-Stillwater to a green milestone, secures wind energy deal for carbon neutrality by 2040.
Abdul Samad Rabiu’s net worth surpasses $8 billion with single-day gain of $501 million
With the latest surge of $501 million in his net worth, Rabiu’s year-to-date wealth gains have now reached $1.53 billion.
Nigeria’s richest banker Jim Ovia rakes in $26 million in single day as NGX soars
This recent surge has further solidified Ovia’s position as one of the most affluent investors on the Nigerian Exchange.
Egyptian tycoon Hani Berzi’s Edita records impressive $12.9 million in profit in Q1 2023
Berzi’s Edita Food Industries surges with $12.9 million in profit in Q1 2023, boosting investor confidence.