Billionaire Sean ‘Diddy’ Combs reveals rebranding of Combs Enterprises to Combs Global
Since 2019, his net worth has risen from $740 million to $1 billion.
Malagasy businessman Hassanein Hiridjee’s AXIAN launches new investment unit
AXIAN Group is a pan-African conglomerate.
Mauritian tycoon Arnaud Lagesse’s IBL Group backs Qotto’s $8-million Series-A equity-debt round
Lagesse’s group is investing in solar kit provider Qotto.
Nigerian auto magnate Innocent Chukwuma’s Innoson to sell vehicles to Jamaica
IVM was established in 2007.
Idrissa Nassa, Burkinabe banking mogul, announces Coris Bank’s ambitious pan-African expansion for 2023
Coris Bank has evolved into a key player in the West African financial services industry.
Meet Egypt’s top five richest billionaires
These billionaires hold 6.1 percent of the country’s total private wealth.
Somali mogul Ismail Ahmed shocks industry as Zepz surpasses $800 million in funding
Zepz has continued to thrive, with its total funding increasing from $699.7 million to $800 million in two years.
Africa’s richest man Aliko Dangote has now gained $411 million so far in 2023
Dangote derives most of his wealth from an 86-percent stake in Dangote Cement.
Led by Sophia Alj, Ismael Belkhaya, Chari secures $1 million from Orange Ventures
Chari is a Moroccan e-commerce and fintech startup.
Nigerian billionaire Abdul Samad Rabiu’s BUA Group flags off $252-million highway project
BUA Group is a leading infrastructure conglomerate.
Nigerian oil tycoon Jide Omokore acquitted of $1.6-billion fraud
Omokore is the chairman of Atlantic Energy Drilling Concepts Nigeria Limited.
South African mogul Neal Froneman’s latest pursuit: Zambian copper mines
Froneman’s interest in Zambia’s copper mining assets represents a major opportunity for the country.
Kenyan businessman Paul Ndung’u ousted as SportPesa shareholder amid legal battle
Ndung’u and Asenath Wachera Maina each owned 17 and 21 percent of Pevans East Africa.
Sasini, controlled by family of late Kenyan tycoon, aims for growth after reaching $10-million profit milestone
The late Kenyan tycoon Naushad Merali’s family owns a 65.46-percent stake in Sasini Tea.
U.S. Black billionaire Robert Smith’s Vista takes over KnowBe4 in cash deal
Smith is a successful private equity investor and philanthropist, who has been ranked among the top 100 richest people in the world.
Pope Francis to foreign powers: ‘Stop choking Africa!’
The pope’s Africa tour has received significant media attention all around the globe.