America’s second-richest Black man David Steward gains $490 million in 36 days
The recent surge in Steward’s fortune can be attributed to the impressive performance of his holdings in World Wide Technology.
Startup led by Kenya-born American entrepreneur secures $40 million to build Sub-Saharan Africa’s largest mini-grid
This will enable Nuru, under the leadership of Shaw, to undertake ambitious new projects.
Swazi billionaire Natie Kirsh’s fortune rebounds with $260-million surge in 26 days
This substantial surge in Kirsh’s fortune marks a significant turnaround following a slump of $170 million earlier this year.
NMG distributes $2-million dividend to Kenyan tycoon John Kimani and other shareholders
Among the beneficiaries of this remarkable dividend payout, John Kimani, one of Kenya’s wealthiest investors, will receive $83,300.
Kenyan tycoon Suresh Bhagwanji Shah loses $4.95 million amid I&M Bank’s share-price nosedive
Shah holds a beneficial stake of 10.98 percent, consolidating his position as a major stakeholder in the company.
Dangote ‘no longer’ richest investor on NGX, as Abdul Samad Rabiu leads in latest ranking
Dangote, who recently lost his long-held title as Africa’s richest man, now finds himself in the second position on the Nigerian Exchange.
South African tycoon Sipho Maseko joins Shoprite board shortly after Telkom bid setback
Maseko’s appointment to the Shoprite Holdings board solidifies his position as one of South Africa’s leading business leaders.
Nigerian multi-award-winning artist Davido to rake in over $20 million in 2023
Having graced the cover of Forbes Under 30 Africa, Davido headlined the prestigious 30 Under 30 Africa Summit in Gaborone earlier this year.
Pick ‘n Pay, led by South African Ackerman family, bolsters fresh meat selection through Tomis Group acquisition
The deal will enable Pick ‘n Pay to expand its operations and bolster its earnings and revenue.
Kenyan tycoon Baloobhai Patel boosts bank holdings with 5 million shares in Absa Kenya
Patel’s stake in Absa Bank Kenya has risen from 42.5 million shares to 47.5 million shares.
Diageo ends ties with Sean ‘Diddy’ Combs amid lawsuit alleging discrimination
Diageo expressed profound disappointment in Combs for bringing forth what they deemed a bad faith lawsuit.
Tanzanian billionaire Rostam Aziz unveils $100-million deal for Zambia’s first LPG facility
In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
Dangote’s throne as ‘richest Black person’ under threat as American billionaire keeps pace
The wealth gap between Aliko Dangote and Robert F. Smith has significantly decreased, raising the stakes in this high-profile competition.
Flutterwave, led by billionaire Gbenga Agboola, inks technology agreement with Bill Gates’ Microsoft
Flutterwave, under Agboola’s visionary leadership, has emerged as a prominent player in the African tech ecosystem.
IBM to invest up to $5 billion in firm linked to America’s richest Black billionaire
Vista Equity Partners has established itself as a dominant force in the technology sector.
Cosmetics billionaire Rihanna steps down as CEO of Savage X Fenty, Hillary Super named new CEO
With Rihanna’s transition and the appointment of Hillary Super as CEO, Savage X Fenty is positioned for continued growth and success.