Christo Wiese-linked Steinhoff secures creditor approval for debt restructuring plan
Steinhoff’s ties with Wiese underscores the company’s significance.
America’s second-richest Black billionaire David Steward faces $900-million loss in 98 days
Steward’s net worth stands at about $5.27 billion, placing him at the 476th position among the richest individuals worldwide.
Kenyan steel tycoon Narendra Raval invests $1.9 million in wind farm project in Kenya
Raval’s steel firm ventures into renewable energy with an ambitious $1.9-million wind farm project.
Led by Egyptian Ghabbour family, GB Corp’s Q1 2023 profits slump below $3.5 million
The Ghabbour family holds a 62.9-percent stake in GB Corp, solidifying their position as one of the wealthiest families in Egypt.
Nigerian billionaire Femi Otedola pays tribute to legendary banker Subomi Balogun
Balogun, the doyen of investment banking in Nigeria, passed away in London last Friday at 89.
Kanye West faces $2-million lawsuit as Gap takes legal action
Gap’s lawsuit against West and his Yeezy brand focuses on unapproved alterations made to a rental property in Los Angeles.
Ethiopia’s richest man Mohammed Al-Amoudi loses $300 million in just four days
Al-Amoudi holds the 500th spot on the Bloomberg Billionaires Index, with a net worth of $5.05 billion.
South Africa’s richest man Johann Rupert’s net worth declines by $800 million in 11 days
Rupert has seen his net worth slide by $800 million amid Richemont’s share slump.
Egyptian banker Karim Awad drives EFG Hermes to success: Q1 profits exceed $30 million
The group’s impressive financial performance underscores its position as a leading financial institution in the region.
Nigerian billionaire Abdul Samad Rabiu rockets to prominence on Bloomberg’s billionaires’ list
Rabiu joins Bloomberg’s billionaires’ list, showcasing Africa’s rising business leaders.
Tyler Perry faces off against 50 Cent, Shaq, Diddy in battle for $3-billion BET business
Perry expands involvement in BET acquisition amidst speculation of collaborations with prominent figures.
American-Nigerian mogul Sam Darwish’s IHS misses expectations with Q1 profit of $7.6 million
IHS Holding ranks as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East.
From family business to multinational empire: Introducing Ylias Akbaraly, Madagascar’s richest man
Akbaraly’s journey from humble beginnings to global empowerment.
South African billionaire reclaims position as Africa’s third-richest man, overtaking Abdul Samad Rabiu
Oppenheimer has once again secured his position as Africa’s third-richest individual.
10 companies owned by Uganda’s richest man Sudhir Ruparelia
These are 10 companies owned by Uganda’s richest man.
Billionaire Patrice Motsepe’s Tyme Bank sets ambitious plans for Vietnam expansion
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.