Consortium comprising Egyptian tycoon Hassan Allam’s firm secures land for $10-billion project
Hassan Allam Holding, led by Allam and his brother Amr, is one of the largest privately held corporations in Egypt.
Egypt’s richest man Nassef Sawiris loses more than $67 million in 2023
Despite the decline in his net worth, Sawiris remains a prominent figure among African business leaders.
Swazi billionaire Natie Kirsh hit hard as year-to-date wealth losses surpass $170 million
Kirsh’s stake in Jetro Holdings is worth $4.76 billion, accounting for the majority of his $7.28-billion fortune.
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.