South African tycoon Sipho Maseko locks in $608 million to acquire Telkom stake
Maseko secures $608 million in financing for a game-changing Telkom stake acquisition.
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Led by Kenyan banker Nasim Devji, DTB posts impressive Q1 profits of over $17 million
Diamond Trust Bank Group reports impressive Q1 profit surge of more than $17 million, led by Devji.
Abdul Samad Rabiu’s net worth surpasses $8 billion with single-day gain of $501 million
With the latest surge of $501 million in his net worth, Rabiu’s year-to-date wealth gains have now reached $1.53 billion.
Africa’s richest man adds $769 million to fortune in 24 hours; net worth surpasses $21 billion
President Tinubu’s bold policies propel the Nigerian equities market, catapulting Africa’s richest man Aliko Dangote’s fortune.
America’s richest Black billionaire Robert F. Smith maintains top spot with $12 billion net worth
Smith, America’s richest Black billionaire holds firm to top spot with a whopping $12-billion net worth.
Nigeria’s richest banker Jim Ovia rakes in $26 million in single day as NGX soars
This recent surge has further solidified Ovia’s position as one of the most affluent investors on the Nigerian Exchange.
Zimbabwe’s richest man Strive Masiyiwa sees net worth decline by $100 million
Despite the recent setback, Masiyiwa’s net worth is still up by a remarkable $900 million since the start of the year.
Egypt’s second-richest man unveils $1.2 billion in investment projects in Uzbekistan
The announcement came during a meeting between Egypt’s second-richest man Naguib Sawiris and Uzbek President Shavkat Mirziyoyev.
Khaled Mahmoud’s MM Group reports 201.7-percent surge in Q1 2023 profits
Mahmoud’s MM Group reports 201.7-percent surge in Q1 2023 profits, boosted by consumer electronics and automotive division.
Egyptian tycoon Hani Berzi’s Edita records impressive $12.9 million in profit in Q1 2023
Berzi’s Edita Food Industries surges with $12.9 million in profit in Q1 2023, boosting investor confidence.
Christo Wiese-linked Steinhoff secures creditor approval for debt restructuring plan
Steinhoff’s ties with Wiese underscores the company’s significance.
Nigerian media mogul Raymond Dokpesi passes away at 71
Dokpesi made significant contributions to Nigeria’s media landscape, particularly with the establishment of RayPower FM.
South African banker Alan Pullinger hit by $2.2 million in losses amid FirstRand share decline
Pullinger takes a hit with losses exceeding $2 million amid FirstRand’s share decline.
America’s second-richest Black billionaire David Steward faces $900-million loss in 98 days
Steward’s net worth stands at about $5.27 billion, placing him at the 476th position among the richest individuals worldwide.
Patrick Bitature’s Simba Telecom unveils new tech products, powering Uganda’s digital revolution
Simba Telecom is a Kampala-based telecom enterprise.
Kenyan business mogul Peter Munga loses $1 million as Britam’s share price plummets
Munga holds a substantial 72 million shares in Britam Holdings.