Egypt’s steel giant, owned by billionaire Ahmed Ezz, suffers $53-million loss in Q1 2023
Ezz, one of Egypt’s richest businessmen, owns a significant 60.7-percent stake in Ezz Steel.
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Swazi billionaire Natie Kirsh loses $170 million, net worth shrinks below $7.4 billion
The decline in Kirsh’s fortune can be attributed to the performance of his private investments in Kirsh Group.
South African tycoon Andre Du Plessis hits jackpot, stake in Capitec Bank surges past $70 million
Du Plessis, a prominent South African businessman and a co-founder of Capitec Bank, owns a beneficial 0.78-percent stake in the financial services provider.
Dangote nears return as Africa’s richest man as net worth rebounds above $10 billion
At the time of writing, the wealth gap between Dangote and Johann Ruper stands at $1.1 billion.
Berlin-based startup led by Nigerian entrepreneur secures $2.74 million from investors
Propel, a Berlin-based HR tech startup, develops tools that assist tech talent communities in solving their last-mile challenges.
British-Nigerian entrepreneur leads world’s first mobility fintech firm to secure $8 million in additional funding
Moove, co-founded by British-born Nigerian entrepreneurs Delano and Jide Odunsi in 2020, aims to democratize access to vehicle ownership.
Nigerian billionaire Abdul Samad Rabiu takes $3.14-billion hit in just over a month
Rabiu’s net worth is estimated at $5.1 billion, falling short of the $5.16-billion cutoff required to join the world’s 500 richest list.
Ecobank moves to seize Nigerian tycoon Oba Otudeko’s FBN shares over $17-million debt
Otudeko, the largest shareholder of FBN Holdings, owes Ecobank more than $17 million.
Access Holdings, led by Nigerian tycoon Herbert Wigwe raises loan prices in Kenya
Access Bank Kenya is the Kenyan banking unit of Access Holdings, a financial services conglomerate.
Greek businessman John Coumantaros loses $3.3 million as stake in Flour Mills plunges
With a 63.34-percent stake in Flour Mills, Coumantaros is one of Nigeria’s most successful and respected business leaders.
South Africa’s second-richest man Nicky Oppenheimer suffers $150 million loss in five days
The decline can be attributed to losses incurred from Oppenheimer’s investments in private equity firms.
Walgreens stock wipeout costs world’s highest-ranking Black CEO Roz Brewer nearly $1 million
Brewer, who holds the 27th position on the Fortune 500 list, boasts nearly 20 years of leadership experience.
The power of media and the untold stories of African family businesses
Mutendi believes that the success stories of Africa’s leading family businesses could make for fascinating cinema.
Meet Chris Womack: Newest member of elite Black executives leading America’s biggest companies
Womack stands tall as a symbol of progress in an era of transformative change and increased focus on representation.
Africa’s largest telecom group CEO Ralph Mupita gains $1 million from MTN stake
The surge in the market value of Mupita’s minority 0.043-percent stake in MTN Group can be attributed to renewed investor interest.
7 companies owned by Nigerian multimillionaire Oba Otudeko
Otudeko is the founder and chairman of Honeywell Group, a Nigerian conglomerate with holdings in property, energy and engineering services.