French businessman Jeremy Hodara’s Jumia partners with Zipline to pioneer drone delivery across Africa
Jumia is Africa’s leading e-commerce platform.
Wealthy Tunisian Ben Yedder family loses $7 million in nearly six months
The ultra-rich Ben Yedder family owns a majority 53.3-percent stake in Ennakl Automobiles.
South African billionaire Christo Wiese-linked retailer Shoprite posts $334 million in profit in 2022
Wiese holds an 11.58-percent stake in Shoprite worth $862.4 million.
Nigerian billionaire Femi Otedola becomes university chancellor
Ten months ago, Otedola was also named vice president of UK-based NGO Save the Children.
Iain Williamson-led Old Mutual looks set to acquire South African insurer, Genric
The deal is still subject to regulatory approval.
Led by Kenya’s richest families, NCBA partners with Huawei to roll out digital banking products
NCBA Group is a Nairobi-based financial services conglomerate.
Malawian tycoon Hitesh Anadkat loses more than $38 million in 110 days from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
Kenyan multimillionaire Mukuha family receives $31.5 million from Naivas stake sale
The Mukuha family retains a majority 60-percent stake in Naivas.
South African billionaire Patrice Motsepe to pocket $103-million in dividends from ARM
Patrice Motsepe is Southern Africa’s richest Black person.
Egypt’s richest man Nassef Sawiris loses $130 million in August as net worth slides below $6.8 billion
Sawiris derives his wealth from a 38.8-percent stake in Netherlands-based OCI N.V. and his six-percent shareholding in Adidas.
African-American billionaire Shawn ‘Jay-Z’ Carter’s has now lost $100 million since start of 2022
Jay-Z is the world’s 2,076th richest man.
South African billionaire Patrice Motsepe’s ARM reports lower earnings and revenue as iron ore prices decrease
ARM is a major South African mining and minerals company.
Billionaire Aliko Dangote’s oil refinery to commence operation by mid-2023
The project is back on track after being hampered by several issues.
South African billionaire Nicky Oppenheimer gains $130 million in August
Oppenheimer’s net worth rose from $8.3 billion to $8.43 billion.
Gbenga Agboola-led Flutterwave advances plans for NASDAQ IPO despite allegations
Flutterwave is a San Francisco- and Lagos-based fintech group.
Africa’s richest man Aliko Dangote to cut Nigerian sugar imports by 40 percent
Dangote founded Dangote Sugar Refinery in the 1970s.