How Robert F. Smith built a $107 billion software empire and became the wealthiest Black American
Robert F. Smith built Vista Equity Partners into a $107 billion software powerhouse. He is the wealthiest Black person in the United States.
Otobong Tommy
Reporter
Otobong Tommy is a business writer and researcher with a background in public administration. She has worked with media and policy-adjacent institutions including Ventures Africa and NAEC, contributing to research and business reporting.
Inside the $10 billion retail empire that made Stefan Kaluzny one of America's newest Black billionaires
Sycamore Partners co-founder Stefan Kaluzny turned distressed retail into a billionaire-making machine. Forbes now pegs his fortune at $1.3 billion.
How Robert L. Johnson lost his billionaire status after building BET and Quietly won it back
BET founder Robert L. Johnson has reclaimed his place among the world's billionaires after decades of quiet, disciplined reinvention.
BOAD backs Coris Bank with $52.5 million to support credit expansion
The West African Development Bank approved two refinancing lines totaling $52.5 million for Coris Bank International subsidiaries in Burkina Faso and Senegal.
Tyler Perry distributes gift cards to TSA agents after plan to give them cash fails at Atlanta airport
Tyler Perry distributed gift cards to TSA workers at Atlanta's Hartsfield-Jackson Airport after federal rules prevented him from handing out cash directly to agents.
Innocent Chukwuma's Innoson denies plans to relocate operations from Nigeria to Ghana
Innocent Chukwuma's Innoson Vehicle Manufacturing has denied circulating reports that it plans to relocate operations and investments from Nigeria to Ghana.
Tosin Eniolorunda's Moniepoint enters Kenya with 78 percent stake in Sumac Microfinance Bank
Tosin Eniolorunda's Moniepoint has acquired a 78 percent majority stake in Kenya's Sumac Microfinance Bank, marking the Nigerian fintech's first major entry into East Africa.
Ugandan multimillionaire and PepsiCO bottler Amos Nzeyi donates Shs150 million to build classrooms
Ugandan businessman Amos Nzeyi has donated Shs150 million to Rwere Primary School in Rubanda, funding two classroom blocks and 12 staff housing rooms.
Kenya gives 97-year-old industrialist Manu Chandaria a National Heroes Award for a lifetime of philanthropy
Kenya awarded Manu Chandaria the National Heroes Award for philanthropy spanning decades of healthcare and education investment across East Africa.
Middle East war pushes private jet war-risk costs to $50,000 per flight for Africa's rich
Private jet operators flying to the Middle East are facing war-risk insurance surcharges of up to $50,000 per flight, a new cost now pressing on Africa's ultra-wealthy.
Remgro CEO Jannie Durand warns South Africa could face fuel shortages
Remgro CEO Jannie Durand has warned that the Middle East conflict could trigger fuel shortages in South Africa, citing deep concern about supply chain stability.
Sasfin Wealth rebrands as Otto1890 as Sasfin exits banking and the JSE
Erol Zeki's Sasfin Wealth has rebranded as Otto1890, honoring founder Otto Pollak, as the broader Sasfin Group exits banking and the JSE.
Robert F. Smith's 2019 Morehouse gift inspires Atlanta's inaugural HBCU AwareFest to tackle student debt
Atlanta's inaugural HBCU AwareFest, inspired by Robert F. Smith's landmark $34 million Morehouse student debt gift, is raising funds to eliminate HBCU graduate debt.
Durban seals partnership to build Africa's first superyacht hub
Durban has signed a letter of intent with global yacht industry heavyweight Navigo to develop Africa's first superyacht refit hub at the Port of Durban.
50 Cent inks $100 million Planet Hollywood deal to launch PH Live in Times Square
Curtis Jackson has partnered with Planet Hollywood's Robert Earl in a $100 million deal to launch PH Live, a celebrity entertainment hub in New York's Times Square.
Namibia rejects Starlink licence application
Namibia has rejected Starlink’s licence bid, blocking the satellite internet provider from operating as regulators enforce compliance with national telecom laws.