Firm linked to Chris Kirubi’s heirs grants $1.3 million in loans to Kenyan civil servants
Centum Investment is an East African-focused investment firm controlled by the family of the late Kenyan tycoon Chris Kirubi.
African Billionaires
Kenyan tycoon James Mwangi’s Equity Group investment loses $5.9 million
Equity Group has become a dominant force in East and Central Africa under Mwangi, who owns 3.38 percent of the group.
South African banker Mike Davis receives $1.4-million salary from Nedbank in 2022
Davis, a leading South African banker and executive ranks as one of the country’s most affluent executives.
7 companies owned by Michael Jordan
This year alone, Jordan’s fortune has grown by $1.8 billion, solidifying his status as one of the world’s richest Black billionaires.
Billionaire Femi Otedola Applauds Lagos Governor over Light Rail Completion
Femi Otedola is the Chairman of Geregu Power Plc
Egyptian tycoon Hassan Allam’s firm wins $64-million contract for luxury resort project
Led by visionary businessman Hassan Allam and his brother Amr Allam, the company has a construction backlog exceeding $3 billion.
South African-born billionaire Patrick Soon-Shiong gains $180 million
Patrick Soon-Shiong’s net worth has experienced a significant upswing, rising from $8.68 billion on August 28 to an impressive $8.86 billion
Aliko Dangote’s sugar firm soars, becoming Africa’s newest billion-dollar empire
This remarkable milestone has further solidified Dangote’s status as the richest man on the African continent.
One of Nigeria’s richest bankers, Herbert Wigwe rakes in $2.7 million in 19 days
Wigwe holds a substantial 9.09-percent stake in the lender, equating to 3,230,789,014 ordinary shares.
Sean ‘Diddy’ Combs returns rights worth millions to artists and songwriters
Bad Boy Entertainment, founded by Combs in 1993, soared to prominence during the 1990s.
Africa’s first Black billionaire Patrice Motsepe to receive $56 million in dividends from ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining firm, presently owns a 40.37-percent stake in the company.
5 companies owned by LeBron James
In 2023, James became the first active NBA player in history to hit a net worth surpassing $1 billion.
Ghana’s richest investor Daniel Ofori loses $1.6 million from GCB Bank stake
Despite the recent decline in the market value of his stake, Ofori remains the richest investor on the Ghana Stock Exchange.
Insurance firm linked to Kenya’s Peter Munga achieves $11.2 million in H1 profit
Munga owns a significant stake in Britam Holdings, with 72 million shares, making him one of its largest shareholders.
Hip-hop billionaire Jay-Z-backed Btrust acquires Qala, an African Bitcoin talent firm
Jack Dorsey and entertainment mogul Jay-Z established Btrust as an endowment dedicated to funding Bitcoin development initiatives.
South African banker Harry Kellan earns $1.9-million salary from FirstRand
In recent years, Kellan has become an indispensable figure within FirstRand’s executive team.