From family business to multinational empire: Introducing Ylias Akbaraly, Madagascar’s richest man
Akbaraly’s journey from humble beginnings to global empowerment.
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U.S. President Joe Biden commits $300-million credit facility to Strive Masiyiwa’s ADC
Owned by Zimbabwean billionaire Strive Masiyiwa, ADC is a carrier-neutral data center provider affiliated with Cassava Technologies.
South African billionaire reclaims position as Africa’s third-richest man, overtaking Abdul Samad Rabiu
Oppenheimer has once again secured his position as Africa’s third-richest individual.
Egyptian magnate Abdallah Sallam’s MNHD rakes in nearly $10 million in profit in Q1 2023
Sallam owns a five-percent stake in MNHD.
10 companies owned by Uganda’s richest man Sudhir Ruparelia
These are 10 companies owned by Uganda’s richest man.
Shoprite shares slump costs South African billionaire Christo Wiese $159.7 million in net worth
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
Isabel dos Santos dragged into $400-million London lawsuit
Isabel dos Santos’ company, Unitel International Holdings, is being sued over its non-repayment of loans that totaled more than $400 million.
Billionaire Patrice Motsepe’s Tyme Bank sets ambitious plans for Vietnam expansion
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.
Kenya’s Merali family sells 35-percent stake in Nairobi-based batteries distributor
While the aggregate consideration remains undisclosed, the Naushad Merali family received a premium above the market price.
Egyptian billionaire Mohamed Mansour makes historic $6.2-million donation to UK Conservative Party
The contribution marks the largest individual donation received by the party in the past two decades.
Oprah Winfrey, world’s richest Black woman, proves financial might: net worth holds firm at $2.5 billion
Winfrey’s net worth remains stable despite challenging economic climate.
Tunisian tycoon Abdelwaheb Ben Ayed loses $2.8 million as Poulina shares plummet
Ben Ayed faces a $2.8-million loss as Poulina shares plummet, testing investor confidence.
Owned by Kenya’s Mukuha family, Naivas rakes in $15.2-million profit in 9M 2023
The leadership of the Mukuha family has played a pivotal role in the company’s growth.
Nigerian billionaire banker Jim Ovia scores $43-million gain from Zenith Bank stake
Ovia’s stake in Zenith Bank soars, adding $42.93 million in value in 34 days amid a bullish market.
Aliko Dangote unveils $20.5-billion mega-refinery, fuel production set to begin in June
Dangote has unveiled his $20.5-billion mega-refinery, propelling Nigeria’s oil industry and economy to new heights.
South Africa’s second-richest man Nicky Oppenheimer adds $75 million to his fortune
Oppenheimer is an influential figure in the business world.