Ethiopia’s 10 richest businessmen
These business leaders are not just accumulating wealth; they are pivotal players in Ethiopia’s transformation.
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Flutterwave, led by Olugbenga Agboola, plans Nigerian Exchange listing with focus on profitability
This comes as Flutterwave continues to emphasize that its long-awaited initial public offering (IPO) will only happen once the company becomes profitable.
Egyptian multimillionaire Safwan Thabet’s Juhayna stake gains $36.62 million in 20 days
Juhayna’s strong fundamentals and strategic market positioning continue to attract institutional and high-net-worth investors.
TAQA Arabia, led by Egyptian executive Pakinam Kafafi, strikes deal to expand CNG use
The partnership aligns with Egypt’s push for cleaner energy in transportation, as the country looks to cut fuel costs and reduce carbon emissions.
Ninety-One boosts stake in insurer linked to Africa’s first Black billionaire to over $510 million
The move, disclosed in a regulatory filing on Friday, Feb. 21, 2025, underscores the deep relationship between the two firms.
South African billionaire Ivan Glasenberg’s Glencore stake slips below $5 billion
His holdings have declined by £647.19 million ($817.53 million) in the past month as Glencore’s stock fell under market pressure.
Kenya’s wealthiest banker takes a $3 million hit on Equity Group stake
The $3 million dip in his stake follows a modest increase of $1.2 million recorded between Jan. 1 and Jan. 22.
Trustco, owned by one of Namibia’s richest families, faces fresh suspension in South Africa
The move comes after Trustco revealed that it is considering delisting from the Johannesburg Stock Exchange as part of its plan to pursue a direct listing on Nasdaq.
Abderrahmane Benhamadi, one of Algeria’s richest, to build Africa’s biggest AC plant
The facility, set to be built in Bordj Bou Arreridj, about 240 km east of Algiers, will require a $200 million investment.
Kenya Airways, led by South African-born Kenyan businessman Michael Joseph, adds new boeing aircraft
The airline now operates 35 aircraft, boosting its capacity and efficiency as it competes in the African aviation market.
Oppenheimer, South Africa’s second-richest man, is $550 million richer this year
In the first two months of 2025, his net worth has risen from $11.6 billion to $12.1 billion.
Alex Karp loses $700 million after becoming third U.S. Black billionaire worth over $10 billion
The decline is tied to the performance of his 2.63 percent stake in Denver-based AI and big data analytics firm, Palantir.
Egyptian fintech mogul Mounir Nakhla’s MNT-Halan bets $10 million on Pakistan expansion
The company plans to open 100 new branches in Pakistan and expand its digital lending platform by the end of 2025.
Egyptian tycoon Hassan Allam’s firm seals deal to build nationwide EV charging network
The plan includes installing both alternate current (AC) and direct current (DC) chargers at high-traffic filling stations, making EV adoption more accessible.
Alan Pullinger, South African banker, sees stake in FirstRand dip below $30 million
The decline in Pullinger’s stake reflects the broader uncertainty among investors.
Abdul Samad Rabiu, Nigeria’s third-richest man, donates $3.3 million at ex-President’s book launch
His $3.3 million donation, was the second-largest of the evening, surpassed only by Aliko Dangote’s contribution.