Seplat ends contract with Nigerian energy magnate over breaches endangering its $3.5 billion in assets
Seplat parted ways with Orjiako due to multiple material corporate governance breaches.
Jay-Z achieves $2.5-billion net worth milestone, tying with media mogul Oprah Winfrey
In 2019, Jay-Z became hip-hop’s first billionaire.
Meet Nairobi-based entrepreneur who is disrupting Africa’s transport sector with his innovative startup
Under Bhattacharya, BasiGo has received $10.9 million in funding for BasiGo.
Hitesh Anadkat, one of Malawi’s richest businessmen, amasses $73-million fortune in one year through FMB Capital stake
Anadkat’s stake in FMB Capital has risen significantly, firmly establishing him as one of Malawi’s richest men.
Kanye West’s net worth dips below $400 million as he suffers $2-million loss
West is one of the world’s richest Black people.
Basketball legend Michael Jordan gains $300 million as net worth hits $2 billion
Jordan is the first athlete to amass a billion-dollar fortune.
Mauritian tycoon Arnaud Lagesse’s IBL strikes major deal to revolutionize East Africa’s energy sector
IBL Group is a global leader, with more than 200 brands in 19 countries.
Egyptian entrepreneur Mostafa Kandil’s SWVL loses unicorn status as market cap declines by $1.36 billion
SWVL’s $1.36-billion crash has caused investors to suffer millions of dollars in losses.
One of Kenya’s richest businessmen, James Mwangi loses $6.3 million as foreign investors dump Kenyan shares
Mwangi holds a substantial 3.38 percent stake in Equity Group.
Five months after parting ways with Adidas, Kanye West remains one of America’s richest Black people
Before his multi-year deal with Adidas to design the sneaker brand Yeezy was terminated, Kanye West had a net worth of $2 billion.
Nigerian insurance tycoon Wole Oshin’s Custodian Investment posts $25 million in profit in 2023
Custodian Investment is a prominent player in the Nigerian financial services sector.
Nigerian billionaire Benedict Peters set to receive African Philanthropist Award in Rwanda
Peters has more than 30 years of successful business leadership experience.
Meet Jesse Ghansah, Ghanaian entrepreneur who raised $17 million for his startup in 2022
Ghansah launched Float in 2020 to address African SMEs’ financing and cashflow issues.
Egypt’s richest man Nassef Sawiris loses $300 million in one week
Sawiris’ stakes in Adidas and OCI have fallen in value below $1.9 billion and $2.6 billion.
African-American mogul Sean ‘Diddy’ Combs wants BET to be Black-owned again
Sean “Diddy” Combs emphasized the need for greater ownership, influence, and control by people of color in the media industry
Ethiopian billionaire Mohammed Al-Amoudi suffers $460-million setback following weeks of wealth gains
Al Amoudi’s stake in Preem has lost almost $700 million this year.