Adidas drops lawsuit freezing $75-million payment to Kanye West’s Yeezy brand
While this marks a victory for West, the dispute is far from over as Adidas and Yeezy will now proceed with private arbitration.
Led by Kenyan banker Nasim Devji, DTB posts impressive Q1 profits of over $17 million
Diamond Trust Bank Group reports impressive Q1 profit surge of more than $17 million, led by Devji.
America’s richest Black billionaire Robert F. Smith maintains top spot with $12 billion net worth
Smith, America’s richest Black billionaire holds firm to top spot with a whopping $12-billion net worth.
Khaled Mahmoud’s MM Group reports 201.7-percent surge in Q1 2023 profits
Mahmoud’s MM Group reports 201.7-percent surge in Q1 2023 profits, boosted by consumer electronics and automotive division.
Nigerian media mogul Raymond Dokpesi passes away at 71
Dokpesi made significant contributions to Nigeria’s media landscape, particularly with the establishment of RayPower FM.
Kenyan business mogul Peter Munga loses $1 million as Britam’s share price plummets
Munga holds a substantial 72 million shares in Britam Holdings.
7 pharma multimillionaires in Africa you should know
Meet seven African entrepreneurs who founded pharma companies worth at least $50 million.
Meet Joseph Rutakangwa, Tanzanian entrepreneur revolutionizing market intelligence in Africa
Rutakangwa’s entrepreneurial journey and the success of Rwazi highlight the transformative power of technology.
South African businessman Barry Swartzberg’s stake in Discovery plummets by $20.6 million
Swartzberg owns a 3.92-percent stake in the Sandton-based financial services group.
Mike Adenuga’s Conoil reports record $6.5 million profit in Q1 2023
Adenuga controls a majority stake of 74.4 percent in Conoil.
Jit Bhattacharya’s BasiGo to roll out 16 EV charging stations in Nairobi
The announcement was made during the launch of the firm’s first-ever public charging station in Nairobi.
South African-born billionaire Patrick Soon-Shiong’s fortune plunges by $1.1 billion in 16 days
Soon-Shiong’s net worth plunges by $1.1 billion due to the declining value of ImmunityBio shares.
U.S. President Joe Biden commits $300-million credit facility to Strive Masiyiwa’s ADC
Owned by Zimbabwean billionaire Strive Masiyiwa, ADC is a carrier-neutral data center provider affiliated with Cassava Technologies.
Shoprite shares slump costs South African billionaire Christo Wiese $159.7 million in net worth
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
Egyptian billionaire Mohamed Mansour makes historic $6.2-million donation to UK Conservative Party
The contribution marks the largest individual donation received by the party in the past two decades.
Nigerian billionaire banker Jim Ovia scores $43-million gain from Zenith Bank stake
Ovia’s stake in Zenith Bank soars, adding $42.93 million in value in 34 days amid a bullish market.