GB Auto, led by Egyptian Ghabbour family, sells stake in leasing business to Chimera
The Ghabbour family is well-known in the Egyptian business community.
Aliko Dangote’s fortune takes a hit: Africa’s richest man loses $200 million in December
Dangote derives most of his wealth from his 86-percent stake in Dangote Cement.
Meet the four Black athletes on Forbes’ top 10 highest-paid athletes list
This year’s top 10 highest-paid athletes earned a total of $992 million.
Five dividend-paying shares owned by African billionaires you can buy
Investing in dividend-paying stocks can be a great way to generate passive income.
Egyptian billionaire Nassef Sawiris’ OCI to pay shareholders $730 million in 2023
Sawiris owns a 38.8-percent stake in OCI N.V.
Elon Musk’s Starlink to roll out service in Nigeria before end of 2022
Starlink is the satellite Internet service provided by SpaceX, Elon Musk’s space exploration company.
Meet 40-year-old Black businesswoman who co-founded fashion brand with Khloe Kardashian
Grede is one of the world’s wealthiest Black businesswomen.
Meet South African entrepreneur who sold part of her restaurant chain to Famous Brands
Monzeglio’s passion for cooking and healthy eating inspired her to start catering vegan meals for clients after she left her job.
Meet 26-year-old Nigerian entrepreneur who is the youngest Black woman to raise $10 million
Olamide Olowe’s Topicals is Sephora’s fastest-growing skincare brand.
Africa’s richest man Aliko Dangote’s firm receives approval to buy back shares worth $917 million
Dangote Cement is Africa’s largest cement producer.
Serena Williams launches new company to tap into billion-dollar sports recovery industry
Her net worth has risen by $20 million since the start of the year.
The 10 richest Black Americans in December 2022
The net worth of the 10 richest African-American billionaires rose by $910 million in 2022.
South African billionaire Michiel Le Roux’s Capitec hires 1,642 new workers in six months
Le Roux co-founded Capitec Bank in 1999 with Jannie Mouton and Riaan Stassen.
Meet four African billionaires who may no longer be billionaires by 2023
Among them is Zimbabwe’s richest man Strive Masiyiwa, the world’s 2,257th wealthiest person.
Patrice Motsepe-linked TymeBank finalizes $86.8-million acquisition of Retail Capital
ARC Financial Services Holding, a company founded by Motsepe, owns a stake in TymeBank.
Aliko Dangote’s Dangote Cement has invested more than $90 million in its Ethiopian unit
Its $90-million investment in Ethiopia has helped solidify its position in the country.