Nigerian billionaire Mike Adenuga’s stake in Conoil soars by $59.7 million
Adenuga holds a majority 74.4-percent stake in the company, solidifying his position as a leading investor on the Nigerian Exchange.
South African tech tycoon Zak Calisto scores $60-million gain as Karooooo shares surge
Calisto’s stake in Karooooo has risen by an impressive $60.6 million, growing by 12.5 percent from $485.7 million to $546.3 million.
Egyptian tycoon Ashraf Sabry’s Fawry partners with WFP to boost financial services in Egypt
Under the leadership of Sabry, Fawry reported a consolidated profit of $4.6 million in the first quarter of 2023.
South African billionaire Koos Bekker loses $26.4 million as Naspers shares decline
Bekker is one of the richest businessmen in South Africa and the entire African continent.
MTN Nigeria CFO Modupe Kadri boosts stake with additional 1,031,000 shares
Kadri assumed the role of CFO in March 2020 after an extensive tenure at MTN Nigeria, which began in 2007.
Meet Ursula Burns: The first Black woman CEO of a Fortune 500 company
Burns has left an indelible mark on the corporate landscape.
Beyonce’s net worth surges past half-a-billion mark despite Adidas partnership fallout
In a display of joint financial prowess, Beyonce and her husband Shawn “Jay-Z” Carter have jointly amassed a fortune of $3.04 billion.
Nigerian billionaire Femi Otedola to pocket $2.17-million dividend from FBNH
Earlier this year, Otedola received an additional $33 million from his power-generating company, Geregu Power.
Led by Egypt’s richest family, Orascom Construction reports profit of $40.1 million in Q1 2023
Established in 1950 by the late Egyptian businessman Onsi Sawiris, Orascom Construction is majority-owned by the Sawiris family.
Billionaire Sean ‘Diddy’ Combs files lawsuit against Diageo alleging racial discrimination
Combs claims that Diageo considers his brands, Ciroc vodka, and DeLeon tequila, “Black brands.”
South African gaming tycoon Martin Moshal grants $560,000 to ActionSA
Moshal: A visionary entrepreneur and philanthropist making waves in Africa’s education and political landscape.
Kenyan tycoon Narendra Raval’s cement company signs $200-million export deal
Under Raval, the chairman of Devki Group, Simba Cement has been actively pursuing strategic growth initiatives.
South African tycoon Sipho Maseko locks in $608 million to acquire Telkom stake
Maseko secures $608 million in financing for a game-changing Telkom stake acquisition.
Africa’s richest man adds $769 million to fortune in 24 hours; net worth surpasses $21 billion
President Tinubu’s bold policies propel the Nigerian equities market, catapulting Africa’s richest man Aliko Dangote’s fortune.
Zimbabwe’s richest man Strive Masiyiwa sees net worth decline by $100 million
Despite the recent setback, Masiyiwa’s net worth is still up by a remarkable $900 million since the start of the year.
Egypt’s second-richest man unveils $1.2 billion in investment projects in Uzbekistan
The announcement came during a meeting between Egypt’s second-richest man Naguib Sawiris and Uzbek President Shavkat Mirziyoyev.