Ugandan businessman Patrick Bitature faces prosecution over $26-million fraud
If found guilty, the 60-year-old Ugandan businessman and his 56-year-old wife could face severe legal consequences.
Nigerian tycoon Fola Adeola’s Iwosan Investments unveils new medical facility in Lagos
Iwosan Investments is a leading healthcare investment firm committed to transforming and improving Nigeria’s healthcare landscape.
Africa’s youngest billionaire Mohammed Dewji makes $300 million in just 25 days
This rapid increase in Dewji’s wealth is attributed to the revaluation of his stake in MeTL Group, a conglomerate with an extensive portfolio spanning over 150 products.
Kenyan tycoon Peter Njonjo’s Twiga Foods settles debt dispute with Google Cloud reseller
The conflict between the two companies began in September 2023 when Google Cloud Services provider Incentro Africa filed a lawsuit against Twiga Foods.
Egyptian tycoon Hassan Allam’s firm secures $75-million investment from EBRD
Under the leadership of Allam, Hassan Allam Holding has been making strides in the engineering and construction sectors for more than eight decades.
Nigeria’s second-richest man Abdul Samad Rabiu makes $1.1 billion within 24 hours
Rising shares propel Rabiu’s stake in cement and food ventures to a combined $11.91-billion valuation.
Dwayne ‘The Rock’ Johnson joins WWE owner’s board after $5-billion Netflix deal
As part of this collaboration, Johnson will receive intellectual property rights to the “The Rock” trademark and associated catchphrases.
Ghanaian businessman signs $1-billion deal with Indian carbon credit developer
In addition to the billion-dollar deal, Agyepong announced the provision of scholarships for 10 individuals interested in pursuing studies on climate change this year.
South African tycoon Jens Montanana’s Datatec acquires UK-based Rebura
Datatec has made a significant stride in expanding its global presence by acquiring Rebura.
Africa’s richest man Aliko Dangote’s net worth hits $20 billion, gaining $5.2 billion
With a current net worth of $20.3 billion, Dangote has solidified his position as Africa’s richest person.
South African executive Mpumi Madisa pockets $2.4-million salary in 2023
The generous package highlights Madisa’s pivotal role in steering Bidvest to outstanding financial success.
Africa’s billionaires gain $900 million in 2023 with Femi Otedola’s Forbes return
According to Forbes, the combined net worth of the 20 billionaires on the 2024 Forbes list of Africa’s richest people stands at an impressive $82.4 billion.
Aliko Dangote’s cement company becomes first Nigerian firm with N10-trillion market cap
The surge in Dangote Cement shares coincides with Nigerian billionaire Femi Otedola’s strategic investment in the leading cement company.
Diddy settles disputes, Diageo secures full ownership of Ciroc and DeLeon tequila
The joint statement reinforces the severed business ties and emphasizes the parties’ commitment to moving forward independently in the spirits industry.
Nigerian tycoon Tony Elumelu’s energy company surpasses production milestone
Elumelu acknowledges Heirs Energies’ team for industry leadership, applauds CEO for pioneering impact.
South Africa’s richest man Johann Rupert’s Richemont hits $6.1 billion in Q3 sales
Rupert’s wealth skyrockets to $12 billion as Richemont’s sales surpass expectations.