Femi Otedola cements position among Africa’s richest as portfolio exceeds $1.2 billion
With a diverse portfolio and impactful investment strategy, Otedola has become the third-richest investor on the Nigerian Exchange.
African Billionaires
Sean ‘Diddy’ Combs: Architect of a multimillion-dollar legacy
Sean “Diddy” Combs, an emblem of success and a titan in the entertainment industry, has carved a niche for himself as a…
Black executive Rene F. Jones earns $9.4-million salary from M&T Bank in 2022
Jones stepped into the CEO in December 2017 role after a stint as Chief Financial Officer from 2005 to 2016, where he skillfully handled the lender’s financial affairs.
Dangote’s refinery secures license to process 300,000 barrels of Nigerian crude daily
At a Saudi-Nigeria business roundtable in Riyadh, Dangote emphasized the refinery’s commitment to initiating operations with Nigerian crude.
Moroccan real estate tycoon Alami Lazraq loses $10 million from ADI stake
Lazraq, who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
South African banker Alan Pullinger gains $1 million from FirstRand stake
Pullinger, a leading business executive in South Africa holds a minority stake of approximately 0.1 percent in FirstRand.
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth soars by $2.83 billion
Ethiopian business mogul Mohammed Al-Amoudi claims the 268th spot among world’s richest billionaire.
Abdul Samad Rabiu overtakes Dangote as richest investor in Nigeria’s stock market
Rabiu’s portfolio includes a 99.8-percent stake in BUA Foods, the crown jewel of his holdings, valued at N3.64 trillion ($4.54 billion).
Nigerian banker invests $500 million in new Lagos university
To ensure international standards, Wigwe aims to recruit 30 percent of teaching staff from the United States and the UK.
15 richest people on the Botswana Stock Exchange
Meet the 15 individuals who own the highest stock ownership positions on the Botswana Stock Exchange.
Kenyan top executive James Ndegwa loses $2.4 million from NCBA Group stake
Ndegwa, the former chairman of the Capital Markets Authority is a top figure in the Kenyan business scene.
7 richest Tanzanians on the Dar es Salaam Stock Exchange
Here are seven individuals who possess the highest stock ownership positions on the Dar es Salaam Stock Exchange.
10 richest people on the Malawi Stock Exchange
Prominent figures benefiting significantly from the recent bullish trend on the Malawi Stock Exchange include Hitesh Anadkat and Thom Mpinganjira.
Rihanna: The billionaire trailblazer shaping industries
Rihanna is synonymous with chart-topping music and ground-breaking entrepreneurship.
10 richest people on the Namibia Stock Exchange
The valuation of their substantial stock holdings is based on the closing prices as of Nov. 10, converted into U.S. dollars using prevailing exchange rates.
Black executive Calvin Butler earns $6.3-million salary from Exelon in 2022
Under Butler’s stewardship, Exelon is poised for continued growth.