South African-born billionaire Patrick Soon-Shiong has now lost $820 million so far in 2023
Soon-Shiong is best known for developing the cancer treatment Abraxane.
Kenyan tycoon Gideon Muriuki-linked insurance firm CIC Group reaches record profits of $8 million in 2022
Muriuki is expected to receive $136,800 from his stake in CIC Insurance Group.
Zimbabwean billionaire Strive Masiyiwa’s Liquid acquires Cairo-based cybersecurity provider, Cysiv MEA
Masiyiwa’s Liquid Intelligent Technologies plans to augment its cloud and cybersecurity identity with Cysiv MEA integration.
Somali mogul Abdirashid Duale’s Dahabshiil spearheads fund mobilization for drought relief
Duale and Dahabshiil are leading efforts to assist those in need, while much of the attention is on foreign aid.
America’s richest Black person Robert Smith’s net worth surpasses $12 billion
Smith’s Vista Equity boasts over $95 billion in assets and an annual return of 22 percent.
Australian billionaire Andrew Forrest’s firm doubles down on green manure projects in Kenya
Recent agreement could make Forrest richer and unlock gains for Kenya.
Tymebank breaks new ground with 6.2 million customers thanks to Patrice Motsepe’s ARC support
TymeBank is owned in part by ARC Financial Services Holding, a Black-owned and -controlled company linked to Motsepe.
Moroccan businessman Hassane Amor loses $2.6 million from stake in Casablanca-based IT firm
Amor owns a 56.17-percent stake in the Casablanca-based IT services provider.
Nigerian real estate mogul Paul Onwuanibe’s Landmark Africa secures $24 million funding from Shelter Afrique
Landmark Africa has extended exceptional services to more than 5,000 organizations.
Somali tycoon Abdirashid Duale receives recognition for supporting women’s entrepreneurship
Duale and Dahabshiil’s recent recognition comes after they received two Global Good Governance awards from Cambridge IFA.
Moroccan real estate mogul Alami Lazraq loses $4.3 million from stake in ADI
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of ADI.
Ugandan tycoon Emmanuel Katongole’s CiplaQCIL set to sell majority stake to Africa Capitalworks
Katongole owns a 2.79-percent equity stake in the Uganda-based pharmaceutical company.
Meet 30-year-old Black-British entrepreneur who is investing $100 million in female-founded firms
Bartlett plans to invest $1 million to $10 million in at least 10 early-stage startups.
Zimbabwean billionaire Strive Masiyiwa’s ADC inks 20-year solar energy deal with Distributed Power Africa
ADC is a carrier-neutral data center provider that is affiliated with Masiyiwa’s Cassava Technologies.
African-American billionaire Sean “Diddy” Combs joins Tyler Perry, Byron Allen in race to acquire BET
Combs plans to build a multi-billion-dollar Black-owned media giant.
South African billionaire Michiel Le Roux’s Capitec Bank reaches 20-million clients milestone
Le Roux owns 11.41 percent of the Stellenbosch-based financial services provider.