Forbes list reveals 19 African billionaires, up from 18, despite $3.1-billion wealth dip
African billionaires continue to symbolize the continent’s economic growth.
South African billionaire banker Michiel Le Roux loses $92 million in 19 days
Le Roux remains one of South Africa’s wealthiest businessmen.
Nigerian billionaire Aliko Dangote reigns as Africa’s richest man for 12 consecutive years
The slump can be linked to the performance of his stake in his flagship business, Dangote Cement.
Nigerian billionaire Mike Adenuga’s Conoil posts $13.5 million in profit in 2022
Conoil is a petroleum marketing firm.
Femi Otedola’s Geregu Power sets milestone with audited results as market cap hits $1 billion
Geregu Power is the first NGX-listed company to publish its audited financials in 2023.
Kenyan banker-turned-politician Peter Kenneth, others to pocket $40 million from Mayfair Bank sale
Mayfair Bank was established in June 2017 by a consortium of prominent investors led by Kenneth.
Rihanna set to expand billion-dollar empire with launch of children’s brand, Fenty Kids
The move comes more than six months after Rihanna filed two applications for “Fenty Hair” with the U.S. Patent and Trademark Office.
Mining mogul Quinton van der Burgh’s QGC teams up with Marula to mine future metals
Van der Burgh is a wealthy South African mining magnate and serial entrepreneur.
Beyonce’s net worth more than doubles to over $450 million in eight years
Beyonce’s success extends far beyond her music empire.
Zimbabwean businessman Paddy Zhanda sees million-dollar return from Masimba investment
Zhanda owns a beneficial 8.08-percent stake in Masimba Holdings.
Kanye West faces new hurdle in business and personal life as Australian visa denial looms
The potential denial of a visa may be the latest in a long list of repercussions facing Kanye West.
James Mwangi’s Equity Group to receive $4.1 million for acquisition of Spire Bank
Equity Group is the largest financial services conglomerate in East Africa.
Nigerian billionaire Abdul Samad Rabiu’s food conglomerate achieves milestone with $195-million profit
Rabiu and his son, Isyaku Naziru Rabiu, own 99.8 percent of BUA Foods.
Ennakl Automobiles owned by Tunisia’s Ben Yedder family achieves record revenue in 2022
Ennakl Automobiles is a leading Tunis-based automobile company.
Meet Mohammed Dewji, Tanzania’s ‘King of Wealth,’ with $1.5-billion net worth
Dewji showcases his philanthropic spirit through his role as the founder and financier of the Mo Dewji Foundation.
Zimbabwean mogul Zed Koudounaris loses $4.7 million as Axia Corp shares plummet
Koudounaris is a Zimbabwean businessman and serial investor.