Femi Otedola regains spot on Africa’s richest list as stake in Geregu Power nears $2 billion
Otedola joins a select group of African billionaires whose holdings in publicly traded companies exceed $1.5 billion.
Egyptian billionaire Naguib Sawiris moves money to J.P. Morgan after Silicon Valley Bank’s collapse
Although Sawiris has no direct exposure to Silicon Valley Bank, his invested companies do.
Koos Bekker’s Naspers closes $100-million fund days after Silicon Valley Bank’s collapse
Shares rise 1.3 percent after Naspers shuts down its $100-million venture capital fund.
Nigerian billionaire Mike Adenuga’s net worth declines by $100 million in 43 days
Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.
5 South African billionaires at risk of losing millions of dollars as rand depreciates against U.S. dollar
The depreciation of the rand could potentially threaten the net worth of South African billionaires and millionaires.
Meet Mounir Nakhla, the Egyptian entrepreneur behind Egypt’s first billion-dollar private tech firm
Nakhla has a strong vision to enhance financial inclusion and women’s economic empowerment through micro-finance.
Meet 14-year-old Nigerian-British model making waves as Forbes’ youngest Under 30 Europe honoree
Jordan Oguntayo is a young Nigerian-British model whose work ethic is unmatched.
Egypt’s richest man Nassef Sawiris sees near $300-million increase in net worth in 2023
Sawiris derives the majority of his wealth from his six-percent stake in Adidas and 38.8-percent stake in OCI N.V.
Adidas takes $763-million hit in Q4 following Kanye West’s exit
Adidas executives remain confident despite the underwhelming results.
Meet Byron Allen: The African-American media mogul seeking to buy a controlling interest in BET
Allen is a force to reckon with in the media industry.
Nigerian tech billionaire Gbenga Agboola splashes $7.1 million on luxurious Miami home
Agboola’s net worth is reported to be in the billion-dollar range.
Top 10 richest North African billionaires
North African billionaires’ net worth surges as global markets rebound in 2023.
Nigerian media mogul Guy Murray-Bruce joins Henkel Nigeria’s inaugural advisory council
Murray-Bruce is the president of Silverbird Group.
Femi Otedola’s Geregu poised to transform Nigeria’s power industry with 1,300 MW surge
Otedola’s Geregu Power is the eighth most valuable company on the Nigerian Exchange.
Nigerian energy titans Orjiako, Avuru to pocket $6.46 million in dividends
Orjiako and Avuru are the founders of Seplat Energy.
South African billionaire Patrice Motsepe’s ARM surpasses expectations with $280 million H1 2023 profit
African Rainbow Minerals is a diversified mining group led by South African billionaire Patrice Motsepe.