Billionaire Christo Wiese-linked retailer files for Dutch court approval for debt restructuring
Wiese-linked retailer Steinhoff files for Dutch court approval for debt restructuring as it looks to regain stability.
African Billionaires
South African gaming tycoon Martin Moshal grants $560,000 to ActionSA
Moshal: A visionary entrepreneur and philanthropist making waves in Africa’s education and political landscape.
Kenyan tycoon Narendra Raval’s cement company signs $200-million export deal
Under Raval, the chairman of Devki Group, Simba Cement has been actively pursuing strategic growth initiatives.
Nigeria’s richest banker Jim Ovia bolsters stake in Zenith Bank with 5 million new shares
Ovia continues to play a significant role in shaping Nigeria’s financial landscape.
Adidas drops lawsuit freezing $75-million payment to Kanye West’s Yeezy brand
While this marks a victory for West, the dispute is far from over as Adidas and Yeezy will now proceed with private arbitration.
Neal Froneman leads Sibanye to green future with wind energy deal
Froneman leads Sibanye-Stillwater to a green milestone, secures wind energy deal for carbon neutrality by 2040.
South African tycoon Sipho Maseko locks in $608 million to acquire Telkom stake
Maseko secures $608 million in financing for a game-changing Telkom stake acquisition.
Led by Kenyan banker Nasim Devji, DTB posts impressive Q1 profits of over $17 million
Diamond Trust Bank Group reports impressive Q1 profit surge of more than $17 million, led by Devji.
Abdul Samad Rabiu’s net worth surpasses $8 billion with single-day gain of $501 million
With the latest surge of $501 million in his net worth, Rabiu’s year-to-date wealth gains have now reached $1.53 billion.
Africa’s richest man adds $769 million to fortune in 24 hours; net worth surpasses $21 billion
President Tinubu’s bold policies propel the Nigerian equities market, catapulting Africa’s richest man Aliko Dangote’s fortune.
America’s richest Black billionaire Robert F. Smith maintains top spot with $12 billion net worth
Smith, America’s richest Black billionaire holds firm to top spot with a whopping $12-billion net worth.
Nigeria’s richest banker Jim Ovia rakes in $26 million in single day as NGX soars
This recent surge has further solidified Ovia’s position as one of the most affluent investors on the Nigerian Exchange.
Zimbabwe’s richest man Strive Masiyiwa sees net worth decline by $100 million
Despite the recent setback, Masiyiwa’s net worth is still up by a remarkable $900 million since the start of the year.
Egypt’s second-richest man unveils $1.2 billion in investment projects in Uzbekistan
The announcement came during a meeting between Egypt’s second-richest man Naguib Sawiris and Uzbek President Shavkat Mirziyoyev.
Khaled Mahmoud’s MM Group reports 201.7-percent surge in Q1 2023 profits
Mahmoud’s MM Group reports 201.7-percent surge in Q1 2023 profits, boosted by consumer electronics and automotive division.
Egyptian tycoon Hani Berzi’s Edita records impressive $12.9 million in profit in Q1 2023
Berzi’s Edita Food Industries surges with $12.9 million in profit in Q1 2023, boosting investor confidence.