Ugandan tycoon Patrick Bitature and Absa Bank clash over $13.6-million loan
The growing number of legal disputes surrounding Bitature has raised concerns about his financial standing.
South African tycoon Laurie Dippenaar rakes in $15 million in just 18 days
The $15.52-million bump in the market value of Dippenaar’s stake in FirstRand further cements his position as one of South Africa’s richest businessmen.
Startup led by Nairobi-based entrepreneur secures $5-million funding from UK gov’t
BasiGo has secured $5 million in debt funding from British International Investment.
Startup led by U.S.-based Nigerian entrepreneur to acquire Tosin Eniolorunda-backed PayDay
Bitmama, led by CEO Ruth Iselema, has reportedly extended an offer of $1 million in equity in the crypto company to Payday investors.
Nigerian energy tycoon Bryant Orjiako’s stake in Seplat surges by $30 million
Orjiako, a former director of the Lagos-based energy conglomerate, holds a 6.43-percent stake in Seplat Energy.
One of America’s richest Black CEOs, Craig Arnold makes $17 million from stake in Eaton
Arnold, who ranks as one of America’s leading executives, owns a beneficial 0.13-percent stake in the power management company, or 517,061 shares.
North Africa’s richest billionaire relocates family office to Abu Dhabi
Sawiris eyes Africa, the Middle East, and beyond with Abu Dhabi as the springboard.
Tanzanian multimillionaire Said Bakhresa set to invest $100 million in Malawi
Bakhresa’s planned investment holds immense significance in enhancing Malawi’s self-sufficiency in cooking oil production.
7 iconic assets the late South African businessman Eric Ellerine owned
Ellerine’s legacy extends beyond furniture retail, shaping the landscape of South Africa’s business and investment sectors.
Black executive Paul Richardson earns $5.5-million salary from Walt Disney in 2022
Richardson’s compensation package comprises a base salary of $0.76 million and a performance-based short-term incentive of $1.67 million.
Eric Ellerine, one of South Africa’s richest men, dies at 90
As one of the country’s wealthiest individuals, his passing marks the end of an era.
7 companies owned by multimillionaire Black tech executive Merline Saintil
From steering Fortune 500 giants to guiding space exploration at Rocket Lab, Merline Saintil’s influence extends to diverse ventures.
Top Black executive Desiree Ralls-Morrison earns $4.8-million salary from McDonald’s
With a $4.8-million compensation package, Ralls-Morrison’s leadership redefines the role of legal counsel in the corporate landscape.
5 companies owned by Malawian multimillionaire banker Hitesh Anadkat
As the visionary force behind FMB Capital Holdings, Hitesh Anadkat’s influence extends across Southern Africa, impacting the financial sector.
South African billionaire Michiel Le Roux rakes in $208 million from Capitec Bank
This surge in his fortune reaffirms his position among South Africa’s billionaires — firmly establishing his presence within the ranks of the continent’s financial elite.
Billionaire Mike Adenuga-linked Julius Berger delivers $425-million bridge to Nigerian gov’t
Julius Berger, the renowned construction giant partly owned by Nigerian billionaire Mike Adenuga, has officially handed over the N336 billion ($425.6 million)…