Congolese entrepreneur Washikala Malango’s firm bags $18 million debt financing
In 2013, Altech was founded by Malango and Iongwa Mashangao with the objective of addressing DRC’s energy deficit.
African Billionaires
James Mwangi’s Equity Group creates more than 500 jobs in regional expansion drive
As the CEO and a significant shareholder in Equity Group, Mwangi has helped the lender expand operations beyond Kenya.
Herbert Wigwe’s Access Holdings posts robust Q1 profit of $154 million
Wigwe holds a 4.51-percent stake in Lagos-based financial services conglomerate, Access Holdings Plc.
Mohamed Mansour’s net worth soars to $3.5 billion as wealth gains top $1 billion
The lion’s share of Mansour’s staggering $3.6-billion fortune emanates from his stake in Mansour Group.
Billionaire Michael Lee-Chin’s Portland joins forces with UAE’s MBM Holding
Michael Lee-Chin sees the collaboration as an opportunity to contribute to the economic progress in scientific fields across the UAE
Femi Otedola snaps up $12-million stake in Transcorp, might eye board seats, control
As he also leads Geregu, one of Africa’s fastest-growing power-generating companies, Otedola’s move is strategic.
Egyptian tycoon Hassan Allam’s firm to launch integrated logistics platform
Hassan Allam Utilities is an arm of the privately-owned engineering firm, Hassan Allam Holding.
Theophilus Yakubu Danjuma’s IMG records $11.6 million in revenue
Danjuma holds a significant 72-percent stake in IMG.
Herbert Wigwe’s Access Holdings achieves record $500-million comprehensive income
The Wigwe-led group has solidified its position as the largest bank in Nigeria by total assets with its assets surging to $32 billion.
British-American actor David Oyelowo’s streaming service Mansa scores $8 million in funding
Mansa is a Los Angeles-based streaming platform.
Disgraced South African billionaire faces arrest after skipping German court hearing
Jooste is the face of South Africa’s largest private sector fraud scandal.
Kenya’s Merali family rakes in $5.4 million from stake in Sasini Tea
The recent gain solidifies the Merali family’s position as one of the wealthiest families in East Africa.
Nassef Sawiris’ wealth surges by $600 million, cementing position as Egypt’s richest
The $600-million bump cements his position as one of Africa’s richest billionaires.
Michiel Le Roux’s Capitec shines with over $531 million in profit in 2023
Under Le Roux, Capitec Bank has grown into one of the world’s most reputable retail banking brands.
Michael Jordan scores big with $300-million boost in net worth this year
Since the start of the year, Jordan’s net worth has risen by $300 million, from $1.7 billion to $2 billion.
Nigerian entrepreneur Etop Ikpe’s Autochek acquires stake in Egypt’s AutoTager
Autochek is a digital automotive commerce firm.