Nigerian billionaire Aliko Dangote reigns as Africa’s richest man for 12 consecutive years
The slump can be linked to the performance of his stake in his flagship business, Dangote Cement.
Beyonce’s net worth more than doubles to over $450 million in eight years
Beyonce’s success extends far beyond her music empire.
Nigerian billionaire Abdul Samad Rabiu’s food conglomerate achieves milestone with $195-million profit
Rabiu and his son, Isyaku Naziru Rabiu, own 99.8 percent of BUA Foods.
Kenyan banker James Mwangi’s Equity Group receives approval to acquire Spire Bank
Mwangi owns 3.38 percent of the financial services group.
U.S. billionaire Jeff Bezos’ cloud business AWS launches new Local Zones location in Lagos
AWS is a subsidiary of Amazon.com, Inc.
Egyptian billionaire Yasseen Mansour’s Palm Hills set to cut capital by $4 million
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.
Nigerian entrepreneur and energy tycoon Michael J. Prest ventures into renewable energy
Prest is the founder of Petrodel and Bank of Nevis International.
Orascom, led by Sawiris family, to pay out $21.6 million to shareholders
Orascom Construction is a Cairo-based multinational engineering and construction firm.
Egyptian tycoon Safwan Thabet and son freed after two years of detention
Thabet is a well-known Egyptian businessman who founded and previously led Juhayna Food Industries.
Algerian mogul Abderrahmane Benhamadi’s Condor sells Alver to French giant Castel Group
The sale is a strategic move to refocus the company on its core operations.
Beyonce to pocket $24 million from private performance at Dubai’s Atlantis The Royal
Beyonce is one of the richest Black women in the world.
South African mogul Zak Calisto’s Karooooo posts $26 million in earnings in 9M 2023
Calisto founded Karooooo in 2001.
Dr. Dre sells Calabasas mansion for $6 million
The home boasts six bedrooms and seven baths.
Johann Rupert’s Richemont surpasses $16 billion in sales in 9M 2023
Richemont is a Swiss luxury goods holding company led by South African billionaire Johann Rupert.
Nigerian businessman Tony Elumelu reaps $2.36 million in gains from UBA share-price increase
Elumelu owns a significant 6.9-percent stake in UBA.
Sasini, controlled by family of late Kenyan tycoon, invests $6 million in fixed-income securities
The family of late Naushad Merali is the majority shareholder of Sasini Tea.