Kenyan billionaire Peter Njonjo’s agri-tech firm battles liquidation attempt
Twiga Foods, founded in 2013 by Njonjo and Grant Brooke, has been at the forefront of transforming Kenya’s agricultural sector.
7 companies owned by Kenya’s second-largest landowner, Moi family
Unofficial estimates suggest the Moi family’s wealth surpasses $3 billion, attesting to their substantial financial resources.
Beyonce’s ‘Renaissance’ world tour generates $579 million in revenue
The 56-stop tour, which commenced in May, showcased Beyonce’s unwavering dominance in the world of entertainment.
Meet Malian tycoon Samba Bathily, who runs a $240-million conglomerate
Malian entrepreneur Samba Bathily is the founder of ADS Group, a conglomerate that records more than $240 million in annual revenues.
will.i.am leads $15-million investment in California flying car company, Jetson
will.i.am is no stranger to the world of innovative transportation, having previously designed and manufactured custom cars with futuristic features.
Egypt’s newest billionaires, El-Sewedy family sees billion-dollar fortune take a hit
The market value of the El-Sewedy family’s stake in Elsewedy Electric has slumped by $76 million in the past eight days.
Kenyan tycoon Peter Njonjo’s Twiga thwarts liquidation attempt over debt dispute
Twiga Foods is a Nairobi-based agri-tech startup co-founded by Njonjo.
South Africa’s Ackerman family loses $35 million in 24 hours as Pick ‘n Pay shares plunge
The Ackerman family owns a substantial 25.53-percent stake in Pick ‘n Pay, or 124,677,238 shares.
South African executive Pieter Boone resigns as Pick ‘n Pay CEO
Replacing Boone is Sean Summers, a Pick ‘n Pay veteran who served as managing director and CEO for 11 years.
Michael Jordan becomes first professional athlete to join America’s top 400 richest
Jordan’s billion-dollar fortune can be primarily attributed to his lucrative endorsements and business ventures.
Africa’s richest man drops off top 100 billionaires list as wealth dips below $17 billion
As of Sept. 1, Dangote’s net worth stood at $17.8 billion, but it has now plummeted to $16.7 billion.
Nigerian billionaire Abdul Samad Rabiu’s cement company slashes cement prices
This decision comes just one month after Rabiu expressed optimism regarding the completion of two new cement factories by the year’s end.
KSI joins ranks of wealthiest Black individuals as earnings soar to $24 million
KSI’s $24 million in earnings and influence have propelled him to the second position on Forbes’ recent list of top creators worldwide.
Khaby Lame emerges as one of 2023’s top earners, amassing $16.5 million
Lame’s claim to fame revolves around his unique comedy skits that humorously debunk overly complex “life hacks” entirely without uttering a word.
Kenyan billionaire Ndegwa family expands empire as NCBA, ICEA Lion pursue new deals
The Ndegwa family’s latest endeavors build upon their previous strategic investments in the Kenyan financial sector.
Africa’s first Black billionaire Patrice Motsepe faces $900-million loss in 2023
Despite this recent decline in his net worth, Motsepe retains his status as the wealthiest Black individual in Southern Africa.