Led by Egyptian Khamis family, Oriental Weavers’ earnings fall as raw material prices rise
Yasmine Mohamed Khamis and her family own a 56.58-percent controlling interest in the leading carpet manufacturer.
Namibia-based tech entrepreneur David Akinin’s JABU raises $15 million from investors
Akinin founded JABU in mid-2020.
Nigeria’s Kano State renames university after Africa’s richest man Aliko Dangote
Dangote’s net worth has risen by more than $1.88 billion this year.
Cameroonian mogul Paul Fokam’s Afriland exits Uganda over lack of customers
Fokam is one of Africa’s richest men, with a fortune assessed at more than $800 million in 2020.
Egyptian tycoon Ahmed El Sewedy’s electric company records over $44 million in profit in Q1 2022
The El-Sewedy family owns 68 percent of the corporation, or 1,478,689,860 ordinary shares.
Ivorian businessman Jean-Luc Konan’s COFINA Group secures $64.2 million from DPI
Based in Abidjan, COFINA Group was founded in 2014.
Zimbabwean billionaire Strive Masiyiwa loses over $620 million as Econet shares slump
Masiyiwa owns a 52.85-percent stake of Econet Zimbabwe.
5 multimillionaires from Ivory Coast you’ve never heard of
You might not know their names, but you should.
5 multimillionaires from Djibouti you’ve never heard of
Meet five ultra-wealthy Djiboutian entrepreneurs who are individually worth $30 million or more.
5 Angolan multimillionaires you should know
You might not know their names, but you should.
Kenyan businessman John Kimani receives $1.2 million in dividends from agro-allied firm, Kakuzi
Kimani owns a 32.3-percent stake in Kenyan agricultural company.
Eight African billionaires make Sunday Times UK Rich List
Among them are Zimbabwean telecom billionaire Strive Masiyiwa and Swazi retail and property mogul Nathan “Natie” Kirsch.