Africa’s richest man Aliko Dangote sustains $51.9-million loss in 24 hours after gaining $100 million
Dangote’s net worth stands at an astounding $19.6 billion.
South African tycoon Jonathan Jawno’s Transaction Capital expects earnings to fall by 41 percent in H1 2023
Transaction Capital is a South African financial services group co-founded and led by Jawno.
Nigerian banker Herbert Wigwe recoups $2.1 million after last week’s losses
Wigwe owns 4.51 percent of Access Holdings.
Kenya’s Moi family secures license to supply electricity from multimillion-dollar power plant
Kenya’s Moi family ranks second as the country’s largest landowner.
Nigerian shipping tycoon Victor Odili’s stake in MTN Nigeria has slumped by $21.5 million within 48 hours
Odili is a former non-executive director of MTN Nigeria, one of Africa’s largest telecom providers.
Michael Jordan considers selling majority stake in billion-dollar Charlotte Hornets franchise
He is expected to maintain a minority ownership interest in the franchise.
Kenyan banker Gideon Muriuki’s Co-op Bank records nearly $170 million in profit in 2022
Co-operative Bank Group is a Nairobi-based financial services group.
Tech billionaire Olugbenga Agboola’s Flutterwave secures electronic money issuer and remittance licenses in Rwanda
The licenses will enable the fintech firm to provide a more comprehensive range of financial services.
Nigerian businessman Atedo Peterside gains $1.9 million from stake in Stanbic IBTC
The increase solidifies his position as one of the richest investors on the Nigerian Exchange.
Ugandan tycoon Ham Serunjogi’s Chipper Cash is reportedly considering a sale
Chipper Cash is a cross-border payment platform co-founded by Serunjogi.
South African mogul Mark Lamberti’s Massmart provides solar energy financing options to customers
Massmart Holdings was founded by the prominent South African businessman more than 30 years ago.
Nigerian billionaire banker Jim Ovia has lost over $18 million so far in March
Ovia holds a significant 16.2-percent stake in Zenith Bank
Meet Paul Kimani, Kenyan entrepreneur whose HR startup processes over $200 million in payroll value annually
Success for Kimani means paving the way for the next generation of African entrepreneurs.
Egyptian tycoon Hassan Allam’s firm set to develop world-class logistics parks in Egypt
Hassan Allam Holding is a privately owned engineering firm led by Egyptian businessman Hassan Allam.
Egyptian tycoon Medhat Khalil loses $10 million as Raya Holdings’ profits tumble below $14 million in 2022
Raya Holdings is an investment group.