South African tech tycoon Zak Calisto scores $60-million gain as Karooooo shares surge
Calisto’s stake in Karooooo has risen by an impressive $60.6 million, growing by 12.5 percent from $485.7 million to $546.3 million.
African Billionaires
Nairobi-based firm linked to Kenya’s Merali family sets sights on $6.3 million from land sale
The Merali family, custodians of the late tycoon Naushad Merali’s estate, is the majority shareholder of Sameer Africa.
Nigerian ‘tycoon’ Dozy Mmobuosi allegedly running fraudulent company — Hindenburg Research
Mmobuosi is interested in acquiring the English Football League (EFL) club Sheffield United for more than $110 million.
Kenyan tycoon James Mwangi’s Equity Group loses $8.34-million tax dispute against KRA
Equity Bank Kenya is the Kenyan banking unit of Equity Group Holdings, a financial services groupi.
Nigerian billionaire Abdul Samad Rabiu raises $500 million to boost cement production
Rabiu’s company, BUA Cement, will develop two new, energy-efficient cement production lines at its plant in Sokoto State.
Robert L. Johnson, world’s first Black billionaire, snaps up $20-million Palm Beach mansion
In 2001, Johnson made history by selling BET to Viacom for an astonishing $3 billion, becoming the world’s first Black billionaire.
Egyptian tycoon Ashraf Sabry’s Fawry partners with WFP to boost financial services in Egypt
Under the leadership of Sabry, Fawry reported a consolidated profit of $4.6 million in the first quarter of 2023.
South African billionaire Koos Bekker loses $26.4 million as Naspers shares decline
Bekker is one of the richest businessmen in South Africa and the entire African continent.
Nigerian venture capitalist Adeyemi Ajao named to Forbes Midas List
Ajao, founder and managing partner of Base10 Partners, is the first Black person to make the Forbes Midas List.
MTN Nigeria CFO Modupe Kadri boosts stake with additional 1,031,000 shares
Kadri assumed the role of CFO in March 2020 after an extensive tenure at MTN Nigeria, which began in 2007.
The 9 richest Black women in America in 2023
From media mogul and entertainers to sport icons and software developers, meet the nine richest Black women in America in 2023.
Led by Egyptian exec Pakinam Kafafi, TAQA Arabia to list more than 1 billion shares on EGX
Under Kafafi, TAQA Arabia has experienced remarkable growth.
Meet Ursula Burns: The first Black woman CEO of a Fortune 500 company
Burns has left an indelible mark on the corporate landscape.
Kenyattas, Kenya’s leading landowners, rake in $9.8 million in three weeks from NCBA stake
The Kenyatta family owns an impressive 13.2-percent stake in NCBA Group, or 217,497,023 ordinary shares.
African billionaires and presidents gather in Abidjan for The Africa CEO Forum
The Africa CEO Forum aims to define an African response to global crises.
Seven assets owned by Kenyan billionaire Humphrey Kariuki
Kariuki is one of the richest men in Kenya with businesses in real estate and hospitality, energy, beverages and infrastructure.