10 biggest university donations by Black billionaires
Billionaires.Africa spotlights the top 10 university donations by Black billionaires, showcasing efforts to transform education and advance inclusivity.
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Abdul Samad Rabiu’s BUA to build gas power plant for LNG project
The new plant will power BUA’s LNG project, boosting energy efficiency and ensuring a dedicated supply.
Khamis family's stake in Oriental Weavers falls by $17 million
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
Aliko Dangote loses $800 million amid fresh naira weakness
This comes despite global interest in his $20 billion Dangote Oil Refinery, one of Africa’s most ambitious projects.
Aig-Imoukhuede leads Access Holdings to $400 million profit
Access Holdings, under Aigboje Aig-Imoukhuede, posted a $400 million profit in 2024, driven by asset growth, cost control, and expansion across Africa.
Stephen Brookes' Balwin secures $52.5 million for Tshwane project
The investment aims to tackle South Africa’s housing shortfall while creating jobs and stimulating economic growth.
Samuel Dossou-Aworet-backed Tullow strikes $120 million deal to exit Kenya
This is part of Tullow's ongoing strategy to streamline operations and reduce its debt.
Moroccan billionaire Anas Sefrioui loses $160 million in 19 days
The dip highlights the challenges investors face amid global economic uncertainty and market conditions.
JP Morgan buys $30 million in new shares of Mpumi Madisa-led Bidvest
The $30 million purchase reflects JP Morgan’s growing confidence in Bidvest’s leadership and operational strength across freight, services, and automotive sectors.
Abdallah Sallam’s Madinet Masr executes 42.7 million share buyback
The Cairo-based developer said it has repurchased 42.7 million shares, about 2 percent of its total share capital, through open-market transactions.
Samih Sawiris to perform at Cairo Opera House for Gaza refugee support
Egyptian billionaire Samih Sawiris will perform at the Cairo Opera House on May 7, 2025, to raise funds for Gaza’s displaced refugees.
Meet Sani Bello: Nigerian Ex-military leader turned oil mogul
Sani Bello transitioned from military officer to a top oil magnate, co-founding Amni International Petroleum, which produces 18,200 barrels of oil daily.
Anthony Leeming pockets $1.2 million salary in 2024
The South African executive’s R23.15 million ($1.23 million) pay in 2024 reflects his impact on Sun International’s success.
Dalia Khorshid leads Beltone to $205 million capital boost
The capital boost highlights increasing investor confidence, positioning the company for continued expansion.
Johann Rupert’s Richemont gains approval to sell YNAP to Mytheresa
The deal, executed through Richemont’s subsidiary Richemont Italia Holding S.P.A., is set to close on Apr. 23, 2025.
Elon Musk’s Starlink gains ground in Lesotho and Somalia
The move comes as countries across the continent ramp up efforts to improve digital connectivity and attract foreign investment.