Nigerian billionaire Femi Otedola gains $8.3 million in 29 days from stake in First Bank
Otedola is the largest shareholder in FBNH with a sizable stake of 5.57 percent.
Latest
Led by Kenya’s richest families, NCBA Group plans expansion into eight African countries
NCBA Group is partially owned by the super-rich Kenyatta, Merali, and Ndegwa families.
African-American billionaire Robert Smith’s Vista Equity mulls acquisition of Coupa Software
Vista Equity Partners is focused on software investments.
Zimbabwean billionaire Strive Masiyiwa’s Liquid opens cybersecurity center in Nairobi
Liquid C2 is a subsidiary of Liquid Intelligent Technologies.
U.S. billionaire Bill Gates-backed firm sells stakes worth $8.2 million in Kenya hospitals
Evercare Health Fund is a U.S.-based private equity fund.
Egyptian tycoon Ahmed El Sewedy’s electric company to set up new firm in Saudi Arabia
El Sewedy Electric was founded in 1938 by the El Sewedy family.
Five most popular hotels for ultra-wealthy individuals in Africa
South Africa remains the top luxury tourist destination in Africa.
Aliko Dangote’s net worth surpass $19 billion, first time since September
Dangote’s 86-percent stake in his cement company is worth $8.64 billion.
South African billionaire Johann Rupert sees net worth rise by $1.76 billion in November
Rupert’s equity stake in Richemont accounts for the majority of his $10.3-billion fortune.
Kenyan businessman James Mwangi’s Equity targets traders with $2.1-billion fund
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Kenyan tycoon Narendra Raval’s Devki Group opens $240-million steel factory
Raval founded Devki Group with his wife in Nairobi in 1986 as a small steel-processing company.
Nigerian tycoon Temitope Lawani’s Helios buys stakes in two data centers in Kenya, Morocco
Helios Investment is one of the largest Africa-focused private investment firms.
Six Black executives leading America’s top 500 companies in 2022
In the history of the Fortune 500, there have only been 22 Black CEOs of 1,800.
Elon Musk’s Starlink to launch satellite Internet service in Tanzania in 2023
Starlink provides global high-speed, low-latency broadband Internet.
African-American mogul Ye to sell off Balenciaga, Adidas, Gap hoodies for $20
Since Adidas severed ties with Ye in October, his net worth has declined by $1.6 billion.
Kenyan businessman James Mwangi’s Equity posts $281 million in profit in 9M 2022
Mwangi owns a 3.38-percent stake in Equity Group.