Billionaire Patrice Motsepe’s Tyme Bank sets ambitious plans for Vietnam expansion
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.
Kenya’s Merali family sells 35-percent stake in Nairobi-based batteries distributor
While the aggregate consideration remains undisclosed, the Naushad Merali family received a premium above the market price.
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.
Oprah Winfrey, world’s richest Black woman, proves financial might: net worth holds firm at $2.5 billion
Winfrey’s net worth remains stable despite challenging economic climate.
Tunisian tycoon Abdelwaheb Ben Ayed loses $2.8 million as Poulina shares plummet
Ben Ayed faces a $2.8-million loss as Poulina shares plummet, testing investor confidence.
Owned by Kenya’s Mukuha family, Naivas rakes in $15.2-million profit in 9M 2023
The leadership of the Mukuha family has played a pivotal role in the company’s growth.
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.
Aliko Dangote unveils $20.5-billion mega-refinery, fuel production set to begin in June
Dangote has unveiled his $20.5-billion mega-refinery, propelling Nigeria’s oil industry and economy to new heights.
South Africa’s second-richest man Nicky Oppenheimer adds $75 million to his fortune
Oppenheimer is an influential figure in the business world.
Nigerian businessman Tony Elumelu’s stake in UBA now worth $44 million
Elumelu’s strategic acquisition boosts stake in UBA to $44 million, cementing position as one of Nigeria’s leading investors.
Africa’s richest man Aliko Dangote’s fortune surges by $1.81 billion in 2023
Dangote’s fortune surges by $1.81 billion in 2023, fueled by Dangote Cement’s remarkable performance.
Swiss billionaire Gianluigi Aponte’s AGL wins contract to manage Zanzibar port
Aponte is the founder of MSC, the world’s largest shipping line and owner of Africa Global Logistics.
Jay-Z and Beyonce, worth $3 billion, splash $200 million on new home
Jay-Z and Beyonce got a deal on the purchase price, as the mansion was initially offered for $295 million.
Algeria’s richest man Issad Rebrab arrested over foreign dealings
Rebrab was reportedly arrested on May 17 by agents of the Algerian Central Office for the Fight against Organized Crime.
Kenyan banker Gideon Muriuki’s Co-op Bank rakes in $44.4 million profit in Q1 2023
Under the leadership of Muriuki, Co-op Bank has fortified its position as a key player in the region.
South African tycoon Adrian Gore’s net worth plunges $34.9 million amid Discovery’s share pullback
Gore’s net worth plummets by $34.9 million as Discovery’s shares face significant pullback.