Nigerian billionaire Femi Otedola donates $1.1 million to boost Lagos State security
The significant contribution follows a series of philanthropic endeavors and is earmarked to bolster security initiatives within the state.
San Francisco-based Nigerian entrepreneur leads startup to successful $1.5-million round
Cleva specializes in assisting African individuals and businesses in receiving international payments by facilitating the opening of USD accounts.
Refinery owned by Africa’s richest man prepares for test runs as sixth batch of crude arrives
The latest delivery, consisting of one million Agbami barrels of crude, marks the completion of the 6-million-barrel consignment to be utilized in the start-up phase.
Tiger Woods and Nike part ways after 27 years and staggering $660-million deal
While neither Nike nor Woods provided a specific rationale for the separation, rumors had been circulating for several months.
Nigerian billionaire Mike Adenuga’s Glo faces service disruption over unpaid interconnect charges
According to the notice, the NCC has granted partial approval for the disconnection of Glo from MTN Nigeria.
Top Black CEO Marvin Ellison loses $2.2 million from Lowe’s shares
Despite a $2.2-million reduction in Ellison’s Lowe’s stake, he retains his status as one of the world’s highest-ranking Black CEOs.
Burkina Faso’s richest man opens high-tech medical center in Ouagadougou
The facility aims to address the shortage of medical-technical facilities within Burkina Faso, evident during the challenges posed by the COVID-19 pandemic.
NBA sensation Victor Wembanyama on track to surpass $1 billion in career earnings
The current projections, based on the NBA’s contract limits, suggest that Wembanyama could accumulate over $1 billion by the age of 33.
Egyptian footballer Mohamed Salah’s career earnings to top $120 million in 2024
Beyond his impressive salary, Salah has solidified his financial standing through lucrative endorsement deals with industry giants, including Adidas.
Nigerian billionaire Aliko Dangote gains over $100 million in first week of 2024
The surge is credited to the robust performance of his diversified investment portfolio on the Nigerian Exchange (NGX).
Kenyan tycoon Peter Njonjo resigns from Twiga Foods board after extended leave
Njonjo has officially resigned from the board of the leading agritech firm, marking the end of an era.
Serena Williams’ financial triumph continues with $30-million increase in 2023
Starting the year at $260 million on Jan. 1, 2023, Williams concluded 2023 with a net worth of $290 million.
Kanye West’s Yeezy faces financial setback with $1 million in unpaid taxes
Yeezy Apparel, LLC, faces four active tax liens dating back three years.
Kenyan tycoon James Mwangi leads Cogebanque into merger with Equity Bank Rwanda
Equity Group envisions expanding opportunities for wealth creation while upholding the highest standards of service excellence, innovation, and financial inclusion.
Egyptian billionaire El-Sewedy family gains $775 million in 2023
In 2023, Elsewedy Electric shares on the Egyptian Exchange experienced a remarkable surge of 130.7 percent.
World’s richest Black woman Oprah Winfrey made $300 million in 2023
The surge in Winfrey’s net worth is attributed to the revaluation of her portfolio of assets and her diversified business ventures within the media and entertainment industry.