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.
Egyptian businesswoman Hend El-Sherbini suffers $23-million blow to her stake in IDH
El-Sherbini owns a significant 25.5-percent stake in Integrated Diagnostics Holdings.
South African billionaire Christo Wiese’s Brait to list Premier on JSE on March 24
Wiese derives the majority of his fortune from Shoprite.
South African tech mogul Jens Montanana rakes in $5.5 million in 70 days from Datatec stake
Montanana’s stake since the start of the year has risen to $58.34 million.
Egyptian businessman Waleed Zaki’s real estate company rakes in $278 million in revenue
The company’s success is due to the devaluation of the Egyptian pound.
Egyptian entrepreneur Ashraf Sabry’s Fawry smashes expectations with $10.6 million in profit in 2022
Sabry owns a 2.345-percent stake in Fawry.
Hitesh Anadkat poised to become Malawi’s richest man as net worth surges by $50 million
Anadkat’s influence in the African business landscape extends beyond his stake in FMB Capital.
South African billionaire Johann Rupert’s net worth plummets $200 million in just 72 hours
Rupert’s net worth has now declined from $12.7 billion on March 6 to $12.5 billion at the time of writing.
Centum, controlled by heirs of late Kenyan tycoon Chris Kirubi, settles $17.8-million debt
Centum Investments is partly owned by Robert Kirubi and Mary-Ann Musangi, heirs to the late Chris Kirubi’s multimillion-dollar business empire.
Egyptian billionaire Yasseen Mansour’s Palm Hills hits historic $40-million profit mark
Mansour’s 5.22-percent stake in Palm Hills Developments is now worth $10 million.
Meet Kagure Wamunyu: 34-year-old Kenyan entrepreneur disrupting East Africa’s construction industry
Wamunyu founded Jumba in 2022.