Jay-Z, Bacardi reach settlement in billion-dollar dispute
Bacardi has agreed to buy out the majority of Jay-Z’s 50-percent stake in D’Usse.
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Algeria’s richest man Issad Rebrab has now lost $500 million so far in 2023
Rebrab is the founder of Cevital Group.
Herbert Wigwe’s Access Holdings’ quest for growth continues despite Sidian Bank deal collapse
Herbert Wigwe owns a 4.51-percent stake in Access Holdings.
Egyptian businessman Hassan Allam’s firm inks deal with Beko to build plant in Egypt
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.
Ethiopia’s wealthiest man Mohammed Al-Amoudi gains $111 million in 34 days
Al-Amoudi is worth $5.57 billion, making him the 470th richest man in the world.
South African exec Mike Teke’s Seriti Resources to begin 155-MW wind farm construction
Seriti Resources Holdings is a leading coal company.
Egyptian mogul Hend El-Sherbini’s IDH reverses acquisition of stake in Pakistani diagnostics firm
Integrated Diagnostics Holdings is a renowned healthcare services provider.
Sasini, controlled by family of late Kenyan tycoon, aims for growth after reaching $10-million profit milestone
The late Kenyan tycoon Naushad Merali’s family owns a 65.46-percent stake in Sasini Tea.
Kenyan banker James Mwangi’s Equity to revamp Spire Bank’s loan portfolio
Mwangi has been instrumental in driving the Equity Group’s growth and success, implementing a range of initiatives and programs.
A $100,000 investment in Femi Otedola’s Geregu Power four months ago is now worth $219,000
Geregu Power is a top-performing power-generating company.
U.S. Black billionaire Robert Smith’s Vista takes over KnowBe4 in cash deal
Smith is a successful private equity investor and philanthropist, who has been ranked among the top 100 richest people in the world.
Aliko Dangote’s cement company, Sinoma join forces to build groundbreaking cement plant
Aliko Dangote is the founder and chairman of Dangote Group, a leading conglomerate with interests in various sectors.
Here are Africa’s 19 billionaires according to Forbes’ latest billionaires list
While the number of African billionaires rose from 18 to 19, their collective wealth took a hit.
South African billionaire Koos Bekker gains $200 million amid tech stock frenzy
Bekker is the driving force behind Naspers and Prosus.
Rolaco boosts interest in Egyptian tycoon Khaled Mahmoud’s group with 1.46 million shares
MM Group has successfully expanded its distribution network to cover more than 40,000 points of sale in Egypt.
Pope Francis to foreign powers: ‘Stop choking Africa!’
The pope’s Africa tour has received significant media attention all around the globe.