John Kimani, one of Kenya’s richest men, buys Centum shares worth nearly $2 million
His latest investment strengthens his position as Centum’s third-largest shareholder and reinforces his presence on the NSE.
Africa’s richest man donates $5.3 million at ex-Nigerian President’s book launch
Speaking at the event, he credited Babangida’s economic policies—particularly the abolition of import licenses—for shaping Nigeria’s private sector.
South Africa’s richest man loses $400 million after brief surge to $17 billion
The drop followed a wave of profit-taking by investors, which pushed down the share price of Richemont, where Rupert holds a significant stake.
Anglo American, led by South Africa’s Duncan Wanblad, to pay $791-million dividend
This comes despite a 64.94 percent decline in headline earnings, underscoring commitment to shareholders amid a challenging operating environment.
Jay-Z keeps $2.5 billion wealth after dismissed assault case but loses $20 million in income
Despite retaining his $2.5 billion fortune, the rapper and businessman said the lawsuit caused significant financial damage to his entertainment company, Roc Nation.
Oriental Weavers, led by Egyptian tycoon Yasmine Khamis, seeks end to Morocco’s carpet tariff
The company argues that the economic conditions that led to the duty in 2022 have changed, making it unnecessary.
Tosin Eniolorunda, Moniepoint founder, eyes Europe’s 13 million unbanked adults
With 13 million adults in Europe still unbanked, he believes African fintechs can help bridge the gap.
Burkina Faso’s banking tycoon Idrissa Nassa takes over TotalEnergies’ operations
The deal, executed through Coris Invest Group, one of Nassa’s holding companies, is part of a broader expansion into the oil sector.
Nigeria’s Sijuwade royal family, one of Africa’s wealthiest, eyes first oil from one of its oil blocks
The Sijuwade Group’s oil and gas arm holds a 10 percent stake in OPL 276, where production is slated to begin within the next 12 to 18 months.
Algerian-born French tycoon Sue Nabi’s stake in US beauty giant declines by $64 million
The recent decline has pushed the market value of her stake below $180 million.
Court rules against Herbert Wigwe’s parents in legal battle over Nigerian banker’s estate
Lagos court rejects parents’ bid to challenge control of late Nigerian banker Herbert Wigwe’s estate, upholds existing structure including first daughter Otutochi.
South African billionaire Koos Bekker’s net worth climbs to $3.2 billion as Tencent adds DeepSeek AI to WeChat
The $200-million windfall is tied to Bekker’s stakes in Africa’s most valuable company, Naspers, and its Amsterdam-based subsidiary, Prosus.
Mauritian businessman Arnaud Mayer’s Evaco Group reports $1.2 million loss in H1 2024
Revenue dropped from MUR347.94 million ($7.5 million) to MUR232.4 million ($5 million), while finance costs surged to MUR63.1 million ($1.36 million).
Wealthy Black executive Marvin Ellison’s Lowe’s investment dips below $200 million
Over the last 21 days, Ellison’s shares in Lowe’s, amounting to 748,000 shares, declined by more than $12 million.
Africa's richest man’s biggest bet: The $23 billion investment in Dangote Refinery
Reflecting on the decade-long journey to completion, Dangote told Forbes, “If this didn’t work, I was dead.”
South African businessman Barry Swartzberg’s Discovery stake rebounds by $20 million
The surge cements Swartzberg’s position as one of South Africa’s richest investors and a key player on the JSE.