Mo Dewji retains position as East Africa’s richest billionaire amidst turbulent global market
Dewji has skillfully translated his entrepreneurial zeal into a multibillion-dollar empire.
Burkinabe tycoon Idrissa Nassa’s Coris Bank rises to new heights as market cap surpasses $460 million
Coris Bank has become a formidable force in the financial services industry.
Wealth disparity in Africa: Only 138,400 Africans are worth more than $1 million of 1.4 billion people
This highlights the significant wealth gap that exists in Africa, where a privileged minority holds a disproportionate amount of wealth.
South African billionaire Johann Rupert’s Richemont takes on luxury theft
Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.
Nigerian oil tycoon Wale Tinubu makes bold move: Investment firm launches bid to take Oando private
In November 2005, Oando shares were listed on the JSE.
Africa’s richest man Aliko Dangote bounces back with $400-million single-day surge after $300-million setback
Dangote is the founder and chairman of Dangote Group.
Nigerian entrepreneur Tosin Eniolorunda leads $3-million investment in fintech startup, Payday
Moniepoint Inc. is a financial software company.
LeBron James scores big: Net worth soars past $1 billion with $150-million gain in 2023
James is one of the world’s wealthiest Black individuals.
Nigerian banking magnate Jim Ovia’s Zenith Bank posts $486.4 million in profit in 2022
Ovia owns a substantial 16.2-percent stake in Zenith Bank.
Nigerian tech entrepreneur Shola Akinlade buys European football club one year after launching club in Lagos
Akinlade is now the majority owner of Aarhus Fremad.
South African executive Alan Pullinger loses $1.8 million from investment in FirstRand
Pullinger holds a 0.1-percent stake in the Gauteng-based financial services provider.
Dar es Salaam-based tycoon Hans Macha rakes in $1.2 million in three months from stake in CRDB
Macha owns 1.9 percent of CRDB Bank.
Abdul Samad Rabiu’s net worth skyrockets to $8.2 billion, now closer to being Africa’s third-richest person
Rabiu is also one of the continent’s most prominent philanthropists.
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.