10 richest African billionaires in 2023
African billionaires are bouncing back in 2023, after a challenging 2022 marked by significant losses in their net worth.
5 African countries with lower government spending than Aliko Dangote’s $640-million dividend
Dangote’s dividend exceeds the yearly government expenditures of these five African countries.
Swazi billionaire Natie Kirsh’s London skyscraper Tower 42 plummets in value by $10 million
Tower 42 is the fifth-tallest tower in London.
Africa’s richest man Aliko Dangote to receive $640.6-million dividend from his cement business
The dividend is higher than the annual government expenditures of Rwanda, Burkina Faso, and Malawi.
Kenyan businessman Paul Ndung’u lists prime Nairobi property for sale
Ndung’u is a prominent Kenyan businessman and shareholder in Pevans East Africa.
Nigerian energy magnate Bryant Orjiako’s Seplat rakes in $950 million in revenue in 2022
Orjiako and Austin Avuru are both credited with turning Seplat Energy into the largest listed company on the Nigerian Exchange.
Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA
Ndegwa owns 4.3 percent of NCBA Group, making him one of the bank’s most significant shareholders.
10 powerful and influential North African businesswomen you need to know
These women are making a difference in their communities.
10 facts about world’s first and richest Black woman billionaire Oprah Winfrey
Winfrey is the world’s first and wealthiest Black woman billionaire.
South African banker Michiel Le Roux on verge of losing ‘billionaire’ status
Le Roux is widely regarded as one of Africa’s richest men.
Nigerian billionaire Abdul Samad Rabiu to pocket $198-million dividend from BUA cement
Rabiu holds a 96.3-percent ownership stake in BUA Cement.
Aliko Dangote’s cement company reaches all-time highs, profits exceed $800 million in 2022
Dangote recommended a dividend of $0.0434 per share.
Kenyan banker Gideon Muriuki’s Co-op Bank secures $100 million from global investors
Muriuki holds a two-percent stake in the leading financial services group.
Egyptian billionaire Ahmed Ezz’s fortune skyrockets by $48 million in 2023 thanks to Ezz Steel stake
Ezz owns a majority stake of 60.7 percent in Ezz Steel.
Egyptian magnate Abdallah Sallam’s MNHD rakes in whopping $24 million profit in 2022
This can be directly linked to the devaluation of the Egyptian pound, which has made the country’s real estate market more attractive.
Inside Michael Jordan’s $1.7-billion fortune and trailblazing journey to becoming first athlete-billionaire
In June 2014, Jordan became the first athlete to amass a billion-dollar fortune.