Beyonce challenges IRS in U.S. tax court over $2.7-million tax liability
The move comes after her activewear brand, Ivy Park, severed ties with German sportswear brand, Adidas.
South African mogul Andries Brink’s 42Markets secures $10 million in funding
42Markets is a financial and capital markets fintech investment group.
Abdelwaheb Ben Ayed’s Poulina Group surpasses $320 million in revenue in Q1 2023
Ben Ayed is one of the wealthiest investors on the Tunis Stock Exchange.
Ugandan pharma tycoon Emmanuel Katongole’s stake in CiplaQCIL now worth $1.9 million
CiplaQCIL’s total assets have surpassed $64 million.
Naguib Sawiris rakes in $110 million, YTD gains top $813 million
Sawiris owns a 70-percent stake in La Mancha Resources, a closely held company that invests in gold assets.
Gideon Muriuki-linked CIC resumes repayment of $33.2 million loan
Muriuki holds the largest individual shareholder in CIC Group with a 5.27-percent stake.
Swazi billionaire Natie Kirsh’s fortune rises by $72.9 million, cementing status as one of Africa’s richest men
Kirsh has seen his net worth drop by $72.9 million since the start of the year.
Former SportPesa chair Paul Ndung’u faces jail time for contempt of court
Aside from his ownership interest in the SportPesa brand, Ndung’u owns a significant stake in Life Care Medics.
Congolese entrepreneur Washikala Malango’s firm bags $18 million debt financing
In 2013, Altech was founded by Malango and Iongwa Mashangao with the objective of addressing DRC’s energy deficit.
Mohamed Mansour’s net worth soars to $3.5 billion as wealth gains top $1 billion
The lion’s share of Mansour’s staggering $3.6-billion fortune emanates from his stake in Mansour Group.
Billionaire Michael Lee-Chin’s Portland joins forces with UAE’s MBM Holding
Michael Lee-Chin sees the collaboration as an opportunity to contribute to the economic progress in scientific fields across the UAE
Theophilus Yakubu Danjuma’s IMG records $11.6 million in revenue
Danjuma holds a significant 72-percent stake in IMG.
Disgraced South African billionaire faces arrest after skipping German court hearing
Jooste is the face of South Africa’s largest private sector fraud scandal.
Michiel Le Roux’s Capitec shines with over $531 million in profit in 2023
Under Le Roux, Capitec Bank has grown into one of the world’s most reputable retail banking brands.
Kenyan businessman Andrew Ndegwa gains $3 million in 26 days
Ndegwa owns 4.3 percent of NCBA Group.
Uganda’s richest man Sudhir Ruparelia demands $8.66 million in rent arrears from dfcu Bank
Uganda’s richest man with a $1.1-billion net worth in 2012, Ruparelia is the chairman and founder of The Ruparelia Group.