
Refinery owned by Africa’s richest man set to hit full capacity in 30 days
The refinery last month announced plans to construct eight new crude storage tanks to secure a stable supply of imported oil.
The refinery last month announced plans to construct eight new crude storage tanks to secure a stable supply of imported oil.
Capitec Bank shares have edged up 1.07 percent since Jan. 1, despite an early dip in January.
Okoya’s legacy is about people. His companies employ over 5,000 Nigerians and support the livelihoods of more than 25,000 others who sell Eleganza products.
As part of this move, Jinet Agriculture has acquired 14,100 feddans in West Minya from the Egyptian Countryside Development Company.
Wary investors have been pulling back from the company as part of a broader shift on the EGX, increasing selling pressure on Edita Food’s stock.
Poku Diaby’s business success has made her one of Ghana’s most influential figures, with an estimated net worth of over $400 million.
Over the past 17 days, his net worth has risen by $225 million, reaching $12 billion, according to the Bloomberg Billionaires Index.
The expansion aligns with Globacom’s long-term strategy of deepening its presence across the country.
The facility marks a major step in expanding Egypt’s telecom infrastructure and solidifying the country’s position as a regional manufacturing hub.
The Black billionaire, who owns a 2.63 percent stake in Palantir, added $2.1 billion to his net worth in just a few days, according to Forbes’ estimates.
The funding marks a significant step in expanding tech investment across Africa, with a particular focus on Francophone regions and major startup hubs.
From cement and construction to telecoms and finance, Nigeria’s richest businessmen have built empires that extend far beyond the country’s borders.
Even with this decline, Moustafa remains one of Egypt’s wealthiest individuals, backed by his significant holdings in TMG.
Equity Bank, in partnership with IFC, completes a $20 million Risk Sharing Facility to improve financial access for underserved communities, including refugees and hosts.
Tsengwa’s resignation follows her precautionary suspension in December 2024 amid an independent probe into allegations concerning workplace conduct and governance.
Mkulichi’s leadership isn’t just about financial performance—he is deeply committed to financial inclusion, gender equality, and youth empowerment.