Eleven African billionaires face steep losses in 2022: What caused the decline?
Strive Masiyiwa experienced the steepest loss at $1.5 billion.
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Three African billionaires defy global economic challenges with increase in net worth
Three African billionaires managed to buck the trend.
Snoop Dogg launches cannabis brand
The brand will operate as a subsidiary of Death Row Records.
Egyptian businessmen Ahmed Ezz’s multimillion-dollar investments hit by depreciation
Ezz owns 60.7 percent of Ezz Steel.
Nigeria’s richest men, Dangote, Rabiu invest $1 billion in sugar production
The investments were made as part of the Nigeria Sugar Master Plan.
Ethiopia’s wealthiest man Mohammed Al-Amoudi experiences billion-dollar loss in 2022
Al-Amoudi remains one of the wealthiest individuals in Africa.
The four assets that make Nigerian billionaire Aliko Dangote Africa’s richest man
Dangote built his businesses through strategic acquisitions and organic growth.
Meet Namibia-based entrepreneur who secured $15 million in funding for his startup
David Akinin established JABU to improve Namibia’s inefficient supply chain and distribution channels.
Kenyan multimillionaire banker James Mwangi sees $10.2-million loss in Equity Group stake
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Nigerian tycoon Benedict Peters’ firm fails to overturn Shell arbitration award
Aiteo is an integrated energy company.
Nicky Oppenheimer’s wealth rebounds, pushing year-to-date gains to $125 million
The bump in Oppenheimer’s wealth solidifies his position as one of Africa’s wealthiest billionaires.
Africa’s richest man Aliko Dangote awards 460 scholarships to students in Lagos State
Dangote Group is the continent’s most diversified manufacturing conglomerate.
Meet Egyptian tech entrepreneur who secured $20 million for his startup in October
Ahmed Sabbah is an Egyptian serial entrepreneur and co-founder of Swvl Holdings Corp.
Bank led by Morocco’s second-richest man to acquire shares in BTI Islamic Banking Group
Bank of Africa is a pan-African multinational banking conglomerate.
South African mogul Mark Lamberti’s Massmart to pay ex-workers $284 each in Kenya exit deal
Massmart was founded by Mark Lamberti more than three decades ago.
Nigeria’s second-richest man supports higher education with $12.3-million donation
Rabiu’s grant will provide a much-needed boost to higher education in Nigeria.