Michael Jordan is reportedly selling his Hornets stake for $3-billion
In 2010, Jordan who is today worth $2-billion, paid $275-million for a majority ownership in the Hornets.
Tanzanian billionaires Aunali and Sajjad Rajabali lose $2.8 million as CRDB bank shares plummet
Despite this setback, the Tanzanian billionaire brothers remain among the wealthiest investors on the Dar es Salaam Stock Exchange.
South African tech mogul Jens Montanana gains $17.6 million from Datatec stake
Montanana holds a 14.06-percent stake in the multinational technology company.
James Mwangi’s Equity Group set to acquire Rwandan bank for $48.2 million
Under the leadership of James Mwangi, who owns a 3.38-percent stake in the company, Equity Group saw a 15 percent increase in profit in 2022
Kenyan tycoon Jimnah Mbaru’s firm claims resounding win in $3.3-million legal battle
Dyer & Blair, owned by Mbaru, has emerged triumphant in a $3.3-million legal battle against former KCB Director John Kung’u Kiarie.
Egyptian billionaire Samih Sawiris plans major tourism investment in Saudi Arabia
Sawiris’ foray into the Saudi Arabian tourism market follows a series of successful ventures in other countries.
Flutterwave, led by tech billionaire Gbenga Agboola, suffers setback as court freezes 45 bank accounts
Flutterwave is widely recognized as Africa’s most valuable tech startup.
South African tycoon Sipho Maseko hits roadblock as Telkom rejects latest bid
Last week, Maseko supported by the Public Investment Corporation, presented a bold bid to acquire a 35-percent stake in Telkom.
South African billionaire Christo Wiese secures green light for lawsuit to reclaim wine estate
This approval comes nearly two years after Wiese initiated legal proceedings against the disgraced tycoon.
South African billionaire Stephen Saad rakes in $132 million as Aspen shares skyrocket
With a net worth of $1.2 billion, Saad’s 12.5-percent stake in Aspen Pharmacare accounts for a significant portion of his wealth.
Tanzanian multimillionaire Said Bakhresa lists Zanzibar mansion for $12 million
Bakhresa is the founder of Tanzanian conglomerate, Bakhresa Group.
Kenyan billionaire Manu Chandaria donates $286,000 to cancer hospital
Chandaria donated the funds to the Kenyatta University Teaching, Referral and Research Hospital.
Tanzanian tycoon Michael Shirima dies at 80
Shirima was the founder of Precision Air, the largest privately held commercial airline in East Africa.
Wealthy Lawyer Asue Ighodalo acquires $200,000 in Nigerian Brewery shares
Ighodalo is the co-founder of one of Nigeria’s top three commercial law firms and serves as the chairman of Nigerian Breweries.
South African billionaire Patrice Motsepe-linked TymeBank surpasses 7 million customers
TymeBank is a South African digital-only bank controlled by Africa’s first Black billionaire.
World’s richest Black woman Oprah Winfrey settles trademark lawsuit over ‘Oprahdemics’ podcast
Despite losing more than $100 million in 2022, the “Queen of Talk” remains the World’s richest Black woman.