Tanzanian billionaire Rostam Aziz receives approval to set up gas plant in Kenya
The license sets the stage for a billionaire brawl between Aziz and Mohamed Jaffer
African-American exec Jordan Miller’s Adelphi Bank raises $24.5 million ahead of public debut
Adelphi Bank was founded with the goal of simplifying the complex world of finance.
Kenyan tycoon Chris Kirubi’s heirs gain $1.4 million from stake in investment firm, Centum
After Kirubi’s passing, his son and daughter inherited 80 percent of his fortune.
South African billionaire Koos Bekker’s Naspers backs startup in $100-million raise
Bekker’s 0.96-percent Naspers stake is valued at $740 million.
Tony Elumelu urges African entrepreneurs to invest in businesses to spur growth and employment
Elumelu is the founder of the Tony Elumelu Foundation and chairman of the United Bank for Africa.
America’s richest Black billionaire Robert F. Smith’s net worth surges by $50 million
Smith is the founder of one of the biggest U.S. tech-focused private equity firms, Vista Equity Partners.
Kenyan entrepreneur Kagure Wamunyu’s startup, Jumba, raises $4.5 million
Wamunyu founded Jumba in 2022.
Somali tycoon Abdirashid Duale sends aid to Turkey-Syria earthquake victims as death toll crosses 44,000
Duale is recognized for his charitable contributions and support of vulnerable Somalis.
Ten Black businesspeople in the U.S. worth knowing aside Tyler Perry, Oprah, and Rihanna
Black-owned businesses continue to thrive and deliver value to customers.
Nigerian entrepreneur Dozy Mmobuosi sued for unpaid debts in U.S., UK
Mmobuosi is the founder of Tingo Inc.
Egyptian billionaire Nassef Sawiris splashes $5.8 million to acquire stakes in Portuguese football club
Sawiris is one of Europe’s wealthiest football club owners.
Billionaire businessman Michael Jordan donates $10 million to Make-A-Wish for 60th birthday
Jordan has been supporting Make-A-Wish since 1989.
Mauritian multimillionaire Arnaud Lagesse’s IBL acquires Kenyan drugs distributor Harley’s
IBL Group is a leading conglomerate with more than 200 brands.
Fintech firm owned by Robert Smith’s Vista Equity explores $7-billion banking unit sale
Smith is a successful private equity investor and philanthropist.
Elon Musk’s SpaceX secures license to launch Starlink in Rwanda
Musk’s Starlink provides global high-speed, low-latency broadband Internet.
Nigerian tycoon Temitope Lawani-linked Vivo Energy to acquire controlling stake in Engen
Lawani holds a direct 1.55-percent stake in Vivo Energy.