Jay-Z dominates wealth race with $1.3-billion net worth surge in 2023
With the latest $1.3 billion bump in his net worth, Jay-Z has joined the ranks of billionaires worth over $2.5 billion.
Aliko Dangote’s cement company pays over $80 million in income taxes in Q1 2023
The Dangote-led cement behemoth sold 6.27 million metric tonnes of cement in Q1 2023.
Egyptian tycoon Mostafa Kandil’s SWVL faces compliance issues with Nasdaq
SWVL Holdings Corp is a global provider of tech-enabled mass transit solutions.
Bank linked to Tanzanian billionaire brothers secures operating license in DRC
Aunali and Sajjad Rajabali own a combined 2.6-percent stake in CRDB Bank.
Meet Tosin Eniolorunda: Visionary leader breaking boundaries in Nigeria’s fintech industry
In 2015, Eniolorunda founded Moniepoint Inc. with a vision to create a society where everyone experiences financial happiness.
Nigerian media mogul Mo Abudu launches new cinema label
Abudu has been producing compelling movies and entertainment content since 2006 when she founded Ebonylife TV.
Abdul Samad Rabiu becomes Africa’s third-richest man, ousting Nicky Oppenheimer
Rabiu’s net worth has surged to $8.6 billion, surpassing South African billionaire Nicky Oppenheimer.
Kylian Mbappe joins world’s highest-paid athletes with $120-million income
Only Lionel Messi and Cristiano Ronaldo, who earned $136 million and $130 million respectively, surpassed Mbappe’s earnings.
LeBron James among highest-paid athletes with $119-million income
Earlier this year, LeBron James’ net worth surged by $150 million, propelling the NBA superstar back to the exclusive billionaire club
Theophilus Yakubu Danjuma donates 500-capacity hostel to Nigerian university
Danjuma is the founder of South Atlantic Petroleum, an oil and gas exploration and production company.
Paul Ndung’u loses court battle to stop $4.8-million auction
The case was brought against Ndung’u by Equity Bank.
Herbert Wigwe splashes $24.6 million to boost stake in Access Holdings
After the transaction, the market value of Wigwe’s stake in Access Holdings now amounts to nearly $64 million.
Baloobhai Patel-linked Bamburi Cement sees profit dip below $2 million
In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement.
Ghanaian multimillionaire Joseph Siaw Agyepong secures $33 million for rice production
Agyepong is the founder of Jospong Group, one of Ghana’s largest conglomerates.
Aliko Dangote’s cement company records $237.8 million profit in Q1 2023
Aliko Dangote’s cement company, Dangote Cement is Africa’s largest cement manufacturer with a production capacity of 51.55 million tonnes
Abdul Samad Rabiu’s BUA Cement firm posts lower earnings; profits slump below $60 million
Rabiu derives the majority of his fortune from his 96-percent stake in BUA Cement.