Cameroonian billionaire Samuel Foyou’s brewery suspends staff over poor sales
Cameroonian tycoon Samuel Foyou, who is one of the country’s richest men, established Brasaf in 2014 and also owns Fermencam, a distillery.
Founded by Nairobi-based entrepreneur, startup bags $20 million in funding from UK investor
MyDawa, under Nairobi-based entrepreneur O’Leary, has evolved from an e-pharmacy to an all-in-one health platform.
Remgro, controlled by Africa’s richest man, increases stake in Heineken
Rupert, Africa’s wealthiest individual, holds a 6.87-percent stake in Remgro, valued at more than $357.2 million.
Ethiopia’s richest man Mohammed Al-Amoudi drops off Bloomberg’s richest list
Despite the decrease in his net worth, Al-Amoudi remains a prominent figure in the Middle East and Africa.
Nigerian billionaire Benedict Peters eyes lithium deposit in Zimbabwe
Peters made headlines in 2019 when he embarked on a platinum mining venture in Zimbabwe.
7 assets owned by South African furniture tycoon Eric Ellerine
After South African furniture retail tycoon Eric Ellerine sold off his shares in Ellerines, he established his family office that invests in malls, private equity and listed equities.
America’s seventh-richest Black woman Emma Grede’s Good American launches first-ever store in LA
The grand opening of Good American’s flagship store over the weekend saw Grede and Khloe Kardashian cutting the ribbon.
10 companies owned by Africa’s youngest billionaire, Mohammed Dewji
These are the 10 most important assets owned by Dewji, the CEO of MeTL.
Mauritian tycoon Arnaud Lagesse’s IBL invests in Mambo Retail to acquire stake in Naivas
Arnaud Lagesse, alongside his siblings Benoit, Hugues, Jean-Pierre, Thierry, and Stephane Lagesse, holds a 16.8-percent joint stake in IBL.
Nigerian gas tycoon Julius Rone seals deal with Afreximbank for FLNG project
Rone is the founder of UTM Offshore, a company that is building the country’s first FLNG facility.
Nigerian VC firm Verod-Kepple invests $1.5 million in Morocco’s Chari
Chari, a B2B e-commerce company, was founded by Moroccan entrepreneur Ismael Belkhayat and his wife Sophia Alj.
Billionaire Sean ‘Diddy’ Combs plans to sell DeLeon Tequila directly amid Diageo dispute
Diageo announced its decision to cut ties with Diddy after the latter accused the spirits giant of racial discrimination.
7 assets owned by Sudan’s wealthy Elnefeidi family
Controlled by Amin Bashir Elnefeidi, Elnefeidi Group is the largest family business in Sudan.
South African-born billionaire Patrick Soon-Shiong sees net worth slump by $860 million in 54 days
The decline in Soon-Shiong’s fortune can be attributed to the drop in the market value of his 80-percent stake in ImmunityBio.
Google executive Juliet Ehimuan, who led growth in West Africa, exits company
Ehimuan was appointed as Google’s country manager for Nigeria in 2011 and represented the company in partnership opportunities in West Africa.
Kenyan tycoon Ronald Karauri’s Sportpesa commits $260,000 to support Kenyan Rugby
Karauri emphasized that SportPesa is committed to the long-term development of rugby in Kenya.