Kanye West’s exit deals blow to Adidas as Q1 results show $43 million loss
The impact of the fallout with the West-led brand hit sales in the reported quarter by around $441.56 million.
African Billionaires
FMB Capital shares boost Hitesh Anadkat’s fortune by $44 million, making him one of Malawi’s richest
Anadkat’s wealth gains even further cement his position as one of Malawi’s top 10 richest businessmen.
Meet Tosin Eniolorunda: Visionary leader breaking boundaries in Nigeria’s fintech industry
In 2015, Eniolorunda founded Moniepoint Inc. with a vision to create a society where everyone experiences financial happiness.
Nigerian media mogul Mo Abudu launches new cinema label
Abudu has been producing compelling movies and entertainment content since 2006 when she founded Ebonylife TV.
BET co-founder Sheila Johnson sells equestrian estate in Florida for $21.68 million
According to Forbes, Johnson’s net worth has risen by $80 million from $700 million to $780 million since 2015.
Moroccan tech tycoon Hassane Amor loses $4 million in just 83 days
Amor founded Microdata in 1991 and has played a critical role in the growth and expansion of the Moroccan technology sector.
Neal Froneman’s Sibanye-Stillwater charts path with management overhaul at New Century
This comes after the Froneman-led group announced emergency funding of up to $20.1 million for New Century.
Abdul Samad Rabiu becomes Africa’s third-richest man, ousting Nicky Oppenheimer
Rabiu’s net worth has surged to $8.6 billion, surpassing South African billionaire Nicky Oppenheimer.
Tanzanian tycoon Ally Awadh’s Lake Steel reveals plans to ramp up capacity
Under Awadh, Lake Group has become one of Africa’s fastest-growing energy, logistics, and construction supply material conglomerates.
James Mwangi’s Equity Group unveils plan to open 300 clinics across Kenya
The initiative is aimed at enhancing accessibility and affordability in the country’s healthcare sector.
Kylian Mbappe joins world’s highest-paid athletes with $120-million income
Only Lionel Messi and Cristiano Ronaldo, who earned $136 million and $130 million respectively, surpassed Mbappe’s earnings.
Pick ‘n Pay, led by South African Ackerman family, registers $64 million in profit in 2023
The Ackerman family owns a sizable 25.53-percent stake in Pick ‘n Pay, or 124,677,238 issued shares.
Strive Masiyiwa rejoins exclusive club of billionaires with $2-billion net worth
Masiyiwa’s billion-dollar fortune is partly derived from his ownership of a 52.85-percent stake in Econet Zimbabwe.
The 4 highest paid Black athletes in the world
These are the four highest paid Black athletes in the world.
Samih Sawiris shifts focus to Saudi Arabia, puts new investments in Egypt on hold
Sawiris, along with his brothers Nassef and Naguib Sawiris, is one of Egypt’s wealthiest businessmen.
Moniepoint, led by Tosin Eniolorunda hits $43-billion transaction milestone in Q1 2023
Moniepoint Inc. is an innovative financial software company.