Mo Dewji retains position as East Africa’s richest billionaire amidst turbulent global market
Dewji has skillfully translated his entrepreneurial zeal into a multibillion-dollar empire.
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Shoprite, linked to billionaire Christo Wiese, launches first apparel store in South Africa
Shoprite Holdings is Africa’s largest supermarket group.
Moroccan billionaire Aziz Akhannouch suffers $400-million net worth drop in first quarter of 2023
The decline in Akhannouch’s net worth can be linked to his shares in Afriquia Gaz SA.
Tanzanian multimillionaire Rajabali brothers gain $2.72 million from stake in CRDB Bank
Aunali and Sajjad Rajabali own a combined 2.6-percent stake in CRDB Bank, a Dar es Salaam-based lender.
Nigerian pharma tycoon Fidelis Ayebae’s Fidson smashes expectations with $9.08-million profit
Fidson Healthcare has established itself as a leading player in the Nigerian and West African pharmaceutical industries.
Burkinabe tycoon Idrissa Nassa’s Coris Bank rises to new heights as market cap surpasses $460 million
Coris Bank has become a formidable force in the financial services industry.
Aliko Dangote’s group charts bold plan to make Nigeria self-sufficient in vital industries
Dangote commits $700 million to expand sugar business, boost sugar sufficiency in Nigeria.
Nigerian tech entrepreneur Favor Ori’s PayDay continues rapid expansion with Kenya launch
PayDay is a fintech startup that facilitates global money transfers for Africans.
Contractor drags Nigerian billionaire Mike Adenuga’s firm to court over alleged $775,000 debt
This follows allegations made against Conoil in March 2022 by a group of local oil contractors.
Wealth disparity in Africa: Only 138,400 Africans are worth more than $1 million of 1.4 billion people
This highlights the significant wealth gap that exists in Africa, where a privileged minority holds a disproportionate amount of wealth.
Zimbabwean billionaire Strive Masiyiwa’s Liquid opens cybersecurity center in Zambia
Liquid C2 operates as a subsidiary of Zimbabwean billionaire Strive Masiyiwa’s Liquid Intelligent Technologies.
PalmCI, led by Ivorian Billon family, makes waves with $280 million market cap milestone
Palm Cote d’Ivoire SA is an agro-allied company based in Cote d’Ivoire.
OneTech share dip costs Tunisian businessman Moncef Sellami $2.6 million
Sellami holds a significant 25.4-percent stake in the Tunis-based semiconductor supplier.
South African billionaire Johann Rupert’s Richemont takes on luxury theft
Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.
Led by Africa’s richest man, Dangote Industries completes $650-million bond listing
The listing is the largest issuance of local currency bonds on the capital market so far this year.
South African billionaire Koos Bekker sells off Prosus shares worth $190 million
Bekker is chairman of media giants Naspers and Prosus.