Led by pan-African billionaire Benedict Peters, Aiteo unveils plans for new oil pipeline
This revelation follows the recent collaboration between Nigeria’s state-owned Nigerian National Petroleum Corporation (NNPC) and Aiteo Eastern E&P Company.
African Billionaires
Eswatini’s richest man Natie Kirsh suffers $55-million loss since start of 2024
Kirsh’s net worth has decreased by $55.4 million since the start of 2024 — falling from $7.61 billion on Jan. 1 to $7.56 billion at the time of writing.
Late Senegalese tycoon Pathe Dione’s legacy thrives as Sunu Group expands with stake in Africa Golden Bank
Under Dione’s leadership, Sunu Group expanded its operations to 17 African countries, boasting a workforce of over 4,100 employees.
Patrice Motsepe’s ARM faces setback as court refuses appeal on diesel rebates dispute
The court decision impacts the ARM-Glencore joint venture’s financial standing.
South African executive Anthony Thunstrom earns $3.4-million salary from TFG in 2023
Thunstrom’s compensation surged by an impressive 86.8 percent compared to the previous year, reaching R34.19 million ($1.83 million).
6 companies linked to South African businessman Whitey Basson
From transforming Shoprite into a retail giant to reshaping the grocery market, Basson’s enduring impact reverberates across various sectors.
America’s second-richest Black billionaire suffers $390-million loss in 10 days
The slump in Steward’s net worth is primarily attributed to the fluctuations in the performance of his substantial 59-percent stake in World Wide Technology (WWT).
Cameroon’s richest man ventures into maritime transport with new company
Baba Ahmadou Danpullo’s foray into maritime transport is expected to shape the industry landscape.
Tunisian tycoon Moncef Sellami suffers $4-million loss from OneTech shares
OneTech’s remarkable growth over the years owes much to the visionary leadership of its founder, Sellami, who established the firm in 1978.
Nigerian billionaire Femi Otedola donates $1.1 million to boost Lagos State security
The significant contribution follows a series of philanthropic endeavors and is earmarked to bolster security initiatives within the state.
Egyptian tycoon Hani Berzi rakes in $13.7 million in eight days from Edita stake
Berzi — who founded the consumer goods conglomerate in 1996 and serves as chairman and managing director — owns a significant 41.95-percent stake in Edita.
South African executive Pieter van der Westhuizen earns nearly $1-million salary in 2023
As the group’s CFO since Sept. 2013, Westhuizen’s remuneration marks an 18.4 percent increase from the R12.3 million ($0.66 million) package he received in the prior year.
San Francisco-based Nigerian entrepreneur leads startup to successful $1.5-million round
Cleva specializes in assisting African individuals and businesses in receiving international payments by facilitating the opening of USD accounts.
5 companies linked to Siza Mzimela, the first Black woman to start an airline
From her historic role as CEO of South African Airways to founding Fly Blue Crane and leading transformative ventures.
Nigerian banker Herbert Wigwe gains $15 million, Access Bank tops $1-billion market cap
As the group managing director and CEO of Access Holdings, Wigwe holds a substantial 9.09-percent stake in the lender, or 3,230,789,014 ordinary shares.
Refinery owned by Africa’s richest man prepares for test runs as sixth batch of crude arrives
The latest delivery, consisting of one million Agbami barrels of crude, marks the completion of the 6-million-barrel consignment to be utilized in the start-up phase.