Africa’s richest man Aliko Dangote gains $7.11 billion in January 2024
According to the Bloomberg Billionaires Index, his wealth surged from $15.1 billion on Jan. 1 to $22.2 billion on Jan. 31, marking a $7.11-billion increase.
Nigeria’s second-richest man’s food business hits $610-million revenue in 2023
The surge in revenue is attributed to price adjustments and volume increases from capacity expansion for IRS.
Billionaire Femi Otedola made chairman of Nigeria’s First Bank
The decision to elevate Otedola to the position of chairman was reached at a board meeting today.
South African tycoon Jonathan Jawno’s Transaction Capital to list WeBuyCars on JSE
Under the leadership of Jawno, Transaction Capital’s decision aligns with its objective to enhance shareholder value within its current portfolio.
Shaquille O’Neal expresses desire to own NBA team again
This comes in the wake of O’Neal’s decision to divest his stakes in the Sacramento Kings in January 2022, citing NBA ownership regulations.
Zimbabwean exec Ralph Mupita unveils MTN’s $215-million investment in Benin
Mupita outlined the company’s dedication to providing hope, dignity, and opportunities for Africans.
Dangote’s half-brother Sayyu Dantata’s oil firm exceeds $190 million in revenue in 2023
Similarly, the company’s profit saw a substantial increase of over 270 percent from $1.37 million $5.14 million, indicating improved operational efficiency and cost-effectiveness.
Nigerian billionaire Femi Otedola’s power empire rakes in $90-million revenue in 2023
The company’s revenue soared beyond the $90-million mark during the period under review, marking a significant milestone in its operations.
Refinery owned by world’s richest Black billionaire set to import U.S. oil
The move by the Dangote Oil Refinery, led by Aliko Dangote, who holds the title of the world’s richest Black billionaire, signals a significant change in strategy.
Kenyan tycoon John Kimani acquires 8.64 million shares in East Africa’s largest telecom firm
The businessman’s increased stake further solidifies his position as one of the leading investors on the Nairobi Securities Exchange.
South African executive Bertina Engelbrecht pockets $1-million salary in 2023
Engelbrecht, the accomplished South African business executive, became group CEO of Clicks Group in January 2022.
Nigerian billionaire Femi Otedola is $300-million richer in 28 days
The surge in Otedola’s net worth is attributed to the stellar performance of his diverse investment portfolio.
Africa’s richest man Aliko Dangote secures spot among world’s biggest gainers
Overcoming naira woes and macroeconomic uncertainties, Dangote’s net worth climbs to $22 billion — a $6.9 billion surge in 2024.
Herbert Wigwe-led Access Holdings expands portfolio with pension business acquisition
According to Wigwe, the proposed acquisition will contribute positively to the growth and development of the pension industry.
Saudi doctor overtakes South African billionaire Patrick Soon-Shiong as world’s second-richest doctor
Saudi doctor Sulaiman Al Habib has now become the world’s second-richest doctor, surpassing South African billionaire Patrick Soon-Shiong.
South African billionaire Saltzman family sells head office in $25.5-million deal
By owning these critical assets outright, Dis-Chem aims to enhance its operational efficiency and ensure long-term strategic stability.