Marketers anticipate Africa’s richest man Aliko Dangote to slash diesel price to less than $0.7 per liter
The Independent Petroleum Marketers Association of Nigeria (IPMAN) expects the Dangote refinery to reduce diesel prices further.
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South African billionaire Stephen Saad’s Aspen to boost global supply of obesity medication
Aspen, Africa’s largest drugmaker, is actively exploring ways to ramp up the availability of these in-demand treatments worldwide.
Kenyan tycoon Gideon Muriuki-led bank’s wealth arm hits $1.7 billion in assets under management
Co-op Trust’s assets have quadrupled since 2014, rising from Ksh52.5 billion ($392.4 million) to Ksh218.38 billion ($1.7 billion) in 2023.
Anthony Tiffith: A ‘Top Dawg’ in the business realm
Tiffith ascent from a life of violence to becoming a titan in the music and business space is a testament to his persistence and determination.
Egypt’s Khamis family gains $18.8 million from Oriental Weavers stake
This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.
Egyptian tycoon Hisham Talaat Moustafa’s TMG share loses $109 million in value
Despite these setbacks, Moustafa remains a prominent investor on the EGX and a leading figure among North Africa’s wealthiest individuals.
South African-born billionaire Patrick Soon-Shiong loses $800 million in 13 days
The decline marks a continuation of the previous trend for Soon-Shiong, who previously saw his net worth decrease by $400 million earlier this month, between March 25 and April 3.
Egyptian tycoon Ahmed El Sewedy’s electric firm announces $22-million dividend for shareholders
This decision underscores the company’s commitment to rewarding its stakeholders for their continued support.
Tyler Perry’s net worth surges to $1.4 billion following major deals with Netflix, Amazon, BET
Perry’s net worth has soared from $1 billion at the start of the year to $1.4 billion, ranking him 2,245th among the world’s richest people.
South African tycoon Gerrie Fourie loses $11.9 million from stake in Capitec Bank
Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
Ezz Steel shares dip, costing Egyptian tycoon Ahmed Ezz $28 million
Despite the drop in his stake’s value, Ezz remains a prominent figure in Egyptian business and a leading investor on the Egyptian Exchange.
Kenya’s wealthy Merali family loses $1.2 million from Sasini Tea stake
Despite this setback, the Merali family remains one of the wealthiest investors on the NSE and a prominent figure among Kenya’s richest families.
5 business ventures owned by DeAndre Ayton
From being a standout player in his collegiate basketball years, Ayton has shown excellence in his pro career even in the business realm
Firm linked to America’s richest Black person Robert F. Smith surpasses $20-billion mark for eighth flagship fund
The fundraising endeavor has exceeded all expectations, showcasing an insatiable appetite for large-scale technology investments.
South African billionaire Christo Wiese takes $66.3-million hit on Shoprite stake
Despite this setback, Wiese remains a prominent figure among JSE investors and retains his position as one of Africa’s wealthiest businessmen.
Nigerian tycoon Tony Elumelu-linked power company reports strong Q1 2024, revenue tops $60 million
Transcorp Power’s journey in Nigeria’s energy sector commenced in 2013 with the acquisition of the Ughelli Power Plant under the leadership of Elumelu.