Court dismisses Nigerian energy magnate ABC Orjiako’s $101-million bankruptcy claims
The adjournment to Jan. 22, 2024, sets the stage for further legal developments in this high-profile case.
Congolese businessman Paul Obambi to invest $74 million in Douala Port project
Obambi’s Sapro Group operates across 11 countries on three continents in multiple sectors.
Egyptian tycoon Hani Berzi’s group to inject $32.5 million for production capacity boost
The decision to allocate $32.5 million toward capacity expansion follows the group’s successful finalization of a finance agreement with the IFC.
South African executive Anthony Leeming guides Sun International into new era
Under Leeming, Sun International has seen a remarkable increase in its share price, with its market cap. exceeding $570 million.
Meet South African tycoon Siza Mzimela: The first Black woman to start an airline
Mzimela’s audacious step into entrepreneurship came in 2015 when she founded Fly Blue Crane.
Coco Gauff secures third spot on Forbes list with $21.7 million in earnings in 2023
Young tennis superstar secures third spot on Forbes’ list of highest-paid female athletes.
North Africa’s richest man Nassef Sawiris hits $8.3-billion net-worth mark
Boasting a net worth of $8.3 billion, Sawiris now comfortably sits among the ranks of the world’s 300 wealthiest individuals.
Patrice Motsepe-linked bank targets $4.9 billion in unclaimed benefits in South Africa
Motsepe-backed TymeBank targets unclaimed benefits, fueling its drive to dominate South Africa’s financial landscape.
Nigeria’s richest woman Folorunso Alakija secures six oil blocks in Sierra Leone
Sierra Leonean President Julius Maada Bio disclosed that the move is pivotal to stimulating the country’s economy.
Egyptian tycoon Hisham Talaat Moustafa’s group acquires stake in Legacy Hotels
Founded in 1974, TMG has become a top player in Egypt’s real estate landscape.
Egyptian billionaire Ahmed Ezz spends $11.1 million to boost stake in Ezz Steel
Prior to the transaction, Ezz held a commanding 60.71-percent stake.
Africa’s first Black billionaire Patrice Motsepe rides high as net worth hits $2.5 billion
Now holding the 1,264th spot globally, Motsepe’s wealth is primarily sourced from a fortune built in the mining industry.
Ralph Mupita-led MTN explores bold move with Elon Musk’s Starlink to strengthen regional growth
Under Mupita’s leadership, MTN Group has soared to new heights.
Media mogul Byron Allen challenges BET sale, offers $3.5-billion bid for network
In a scathing critique of Paramount’s decision, Allen accused the conglomerate of orchestrating a “lowball inside deal.”
Fall from fortune: Isabel dos Santos denied access to $734 million in UK assets
Once considered Africa’s wealthiest woman, dos Santos was removed from Forbes’ list of the world’s wealthiest people in January 2021.
Vista Equity, led by America’s richest Black man, seeks $20 billion for eighth flagship fund
Under Smith’s helm, Vista Equity Partners excels amidst fundraising intricacies, boasting 18 dynamic monetization events, generating an impressive $18 billion.