Egyptian tycoon Hassan Allam’s firm bags construction contract for Rosewood Amaala project in Saudi Arabia
With a construction backlog of $2.8 billion, Hassan Allam Holding has established itself as a key player in the construction industry.
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African-American billionaire Tyler Perry reaffirms interest in BET acquisition, says he’s ‘very, very interested’
Perry owns a minority stake in BET Media Group, as well as BET+, a high-end digital streaming platform.
Meet the world’s 19 Black billionaires in 2023
While some Black billionaires have not fared well since the start of the year, others have built on their fortunes.
South African billionaire Patrice Motsepe’s net worth slumps by $500 million in 2023
Motsepe remains the richest Black person in Southern Africa.
Ugandan tycoon Patrick Bitature’s Simba Telecom ventures into East Africa’s booming solar energy market
Simba Telecom is a leading telecommunications enterprise.
Orascom Construction, led by Sawiris family, achieves major milestone in Egypt as part of consortium
Orascom Construction is 51.8 percent owned by the Sawiris family.
Moroccan businesswoman Lamia Tazi’s Sothema records over $27 million in profit in 2022
Tazi owns a significant 8.4-percent stake in Sothema.
Tunisian businessman Habib Essayeh suffers $5.9-million setback due to decline in Euro-Cycles shares
Essayeh owns a significant 33.6-percent stake in Euro-Cycles S.A.
Tanzanian tech entrepreneur Joseph Rutakangwa leads U.S.-based startup to raise $4 million in funding
Rutakangwa is empowering companies to broaden their horizons and augment their revenue.
Egyptian billionaire Nassef Sawiris, partner inject $25 million into Aston Villa
The cash is interest-free and likely to be used to fund day-to-day operational activities.
Equity Bank battles Kenyan tycoon Paul Ndung’u over $4.5-million loan
Ndung’u is one of Kenya’s richest men.
Nigerian billionaire Abdulsamad Rabiu set to receive whopping $162-million dividend from BUA Foods
Rabiu is also anticipating another handsome dividend of $198 million from his shareholding in BUA Cement.
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.
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.