Nigerian billionaire Abdul Samad Rabiu donates $2.4 million to Nnamdi Azikiwe University
The donation was made through his Abdul Samad Rabiu Africa Initiative, the philanthropic arm of BUA Group.
Christo Wiese’s Invicta Holdings acquires controlling stake in Dartcom for $33 million
Dartcom is Africa’s leading distributor of communication and renewable energy technology solutions.
Kenyan billionaire David Langat and family dragged to court over $152,000 travel debt
The plaintiff claims that they flew around the country and abroad for a year and now refuse to pay the bill.
African Judo Union President: ‘Businesses must support sport. It has the power to change the world.’
MP and AJU President Siteny Thierry Randrianasolo-Niaiko is one of Madagascar’s most dynamic public figures.
Ugandan multimillionaire Charles Mbire in high spirits as MTN IPO looms
MTN Uganda has been operating in Uganda since 1998 when it acquired a 20-year license.
Congolese billionaire Lucien Ebata, advisor to president, arrested in Paris airport
French officials arrested him at Le Bourget Airport in Paris carrying a large amount of undeclared cash.
Egyptian property tycoon Hisham Talaat Moustafa looks to Iraq, Saudi Arabia for growth
Iraq’s instability over the past 30 years has created a demand for housing projects.
Nigerian oil billionaire Mohammed Indimi acquires additional shares in Jaiz Bank for $8 million
Indimi is the chairman of Oriental Energy Resources, a privately held Nigerian oil exploration firm.
Egyptian billionaire Nassef Sawiris’ Fertiglobe plans IPO
The deal will be the first onshore listing of a free zone company in the UAE.
Meet Hamis Kiggundu, the 37-year-old entrepreneur who built a property empire in Uganda
Kiggundu is one of East Africa’s most revered young entrepreneurs and a real estate mogul of note.
Tanzanian billionaire Mohammed Dewji steps down as Simba Sports Club chairman
Dewji is stepping down due to his extremely busy schedule, which involves significant world travel.
Zambian multimillionaire mogul James Ndambo ventures into business aviation
Ndambo joins a long list of African UHNWIs investing in the private jet business.
The 10 largest charitable gifts made by African billionaires in the past decade
The year 2020 was record-breaking for African philanthropy.
Ten family offices owned by Africa’s wealthiest people
The UHNWI population in Africa is growing at a faster pace than any other region in the world – except Asia.
Nine yachts Africa’s wealthiest people have owned
If you had all the money in the world, what type of yacht would you buy?
The private jets of 10 African billionaires
Owning one’s own private jet is such a costly affair that most tycoons can barely afford the luxury.