Sanctioned billionaire Kudakwashe Tagwirei allegedly made $24 million in corrupt deals off Zimbabwe
Over the years, the billionaire has used the wealth of an entire nation to build a vast business empire.
African billionaire
Billionaires.Africa Ranking: The 20 richest investors on the Nigerian Stock Exchange (NGX)
These UHNWIs have amassed staggering wealth through their positions in their own and other companies.
South Africa’s second richest man Nicky Oppenheimer earns $150 million in 16 days
The gains translate to an average profit of $9.375 million daily for the billionaire investor.
Ugandan mogul Sudhir Ruparelia to redesign former military intel headquarters into business park
The Pearl Business Park is an 18-acre mixed-use facility that will host a five-star hotel, mall and modern hospital.
Market capitalization of Adonis Pouroulis’ Chariot is on the rise
Its market capitalization has gained $7.33 million after raising $16.5 million by issuing new ordinary shares.
Africa’s wealthiest billionaire Aliko Dangote earns $700 million in 34 days
Bloomberg revealed that his wealth rose from $16.7 billion to $17.40 billion from June 1 to July 5.
Egyptian real estate mogul Hisham Talaat Moustafa’s stake in TMG Holding gains $50.43 million
The group’s shares have risen after reports that it posted net profits of $28.48 million in Q1 2021.
Nigerian tycoon Obafoluke Otudeko in distress as Ecobank hunts for assets
Meanwhile, Otudeko has described the lawsuit as an abuse of court processes.
James Mwangi’s Equity Group Foundation commits $787,401 to support healthcare workers in Kenya
COVID-19 has caused Kenyan healthcare workers to experience mental stress in the line of duty.
Global lenders team up with Stephen Saad’s Aspen on $711-million COVID-19 vaccine deal
The consortium hopes to help Africa avoid continued hoarding of COVID-19 vaccines by developed countries.
Kevin Okyere’s Springfield triumphs over Italian major ENI in court ruling over disputed oilfield revenues
Okyere welcomed the ruling as a “vindication of Springfield’s position.”
Ugandan tycoon Ham Kiggundu donates $150,000 to COVID-19 fight
Kiggundu presented the funds to Uganda’s newly appointed Prime Minister Robinah Nabbanja on Friday.
South African real estate moguls Martin Slabbert and Victor Semionov see stakes gain $21.099 million
The gains can be attributed to the recent surge in the company’s shares back to pre-pandemic levels.
Kenyan tycoon Naushad Merali passes away at age of 70
Merali died at 5:00 AM this morning while undergoing treatment for an undisclosed ailment at the Nairobi Hospital.
Gary Sharp’s crocodile-skin supplier, Padenga Holdings, eyes listing on Victoria Falls Exchange
The new bourse was established in October 2020 and trades solely in U.S. dollars.
Rebecca Mbithi plans to expand Family Bank after corporate bond trading on Nairobi bourse
The move comes after the bank raised $39 million against a $27.8-million target in its issued bond.