Kenyan tycoon Narendra Raval’s Devki Group accelerates production to meet surging demand
Raval, the chairman of Devki Group, attributed the surge in orders to competitive pricing and innovative production methods.
Nigerian billionaire Mike Adenuga earns $1.5-million dividend from Julius Berger
Adenuga is the largest shareholder in Julius Berger with a 25.1-percent stake.
CEO of Africa’s largest publicly listed firm gains $5.48 million in just 18 days
Over the past 18 days, van Dijk’s holdings surged by an impressive $5.48 million, according to data tracked by Billionaires.Africa.
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit.
Kenya’s Moi family-linked Sosian Energy electrifies national grid, paving way for power stability
Kenya’s Moi family is Kenya’s second-largest landowner after the Kenyatta family.
South African billionaire Johann Rupert is now Africa’s richest man, according to Forbes
According to Forbes, Rupert has ousted Aliko Dangote to become Africa’s richest man.
25 Indian billionaires who made a fortune in Africa
Meet 25 Indian immigrant entrepreneurs who have built multimillion- and billion-dollar businesses and fortunes in Africa.
Prosus N.V., led by South African billionaire Koos Bekker, braces for profit slump
Founded in 1997 under Bekker’s leadership, Prosus has grown into one of the world’s largest technology investors.
Kenyan liquor tycoon Tabitha Karanja steps down as CEO of Keroche after 25 years
Keroche Breweries has become one of Kenya’s largest producers of alcoholic beverages.
Nigerian oil tycoon Tein Jack-Rich awarded license to build crude oil export terminal
Jack-Rich is the founder of Belema oil Producing Limited, one of Nigeria’s leading indigenous oil exploration and production companies.
South Africa’s second-richest man Nicky Oppenheimer gains $120 million in 19 days
The recent increase in Oppenheimer’s net worth can be attributed to the performance of his private equity investments.
Tony Elumelu’s wife, Awele, purchases 7.3 million new Transcorp shares
Awele Elumelu’s prominence extends beyond her investments, as she has made significant contributions to the healthcare sector.
Kenyan entrepreneur Peter Njonjo’s Twiga Foods fires 130 sales agents
According to Peter Njonjo, the decision to part ways with the agents was made to ensure the company’s continued growth and success.
Kings of booze: 7 African tycoons who made a fortune in alcohol
Meet seven extremely successful African tycoons, who have built multimillion-dollar fortunes by manufacturing and distributing alcoholic beverages.
Egyptian disruptor Amr Abodraiaa leads startup to bold acquisition of Saudi company
Rology was founded in October 2017 by Egyptian entrepreneurs Amr AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf.
Britam, owned by Kenya’s richest investors, absorbs losses with $45.2-million payment
Britam Holdings is a prominent diversified financial services conglomerate partly owned by Kenya’s richest investors.