Strive Masiyiwa’s net worth dips by $100 million after $800-million rise
Masiyiwa derives a significant portion of his billion-dollar fortune from his holdings in Econet Zimbabwe and EcoCash Holdings.
African Billionaires
Jimnah Mbaru, one of Kenya’s richest investors, faces $3.2-million loss
Mbaru holds a 7.72-percent stake in Britam Holdings.
Aliko Dangote promises higher returns for Dangote Cement’s shareholders
Dangote Cement achieved its highest revenue in history at the end of its 2022 fiscal year.
Botswana tycoon Gulaam Abdoola’s Turnstar projects record earnings of over $10 million
Turnstar Holdings continues to deliver innovative and high-quality real estate solutions.
Kenyan tycoon Narendra Raval pays $6.7 million a month to keep lights on
Raval disclosed that his company’s monthly outgoings tally up to about $14.9 million.
Tony Elumelu’s UBA posts record-breaking Q1 profit of $116 million
Elumelu, a widely respected business executive on the continent, holds a significant 6.9-percent stake in UBA.
Kanye West’s net worth surges back to $400 million
Despite recent setbacks, West remains one of the world’s richest Black individuals.
Tunisian auto mogul Moncef Mzabi gains $1.85 million from stake auto retailer
Mzabi owns 24.5 percent of Artes.
Shelter Afrique eyes African diaspora after funding Paul Onwuanibe’s firm
Shelter Afrique recently invested $24 million in Landmark Africa Group.
Beyonce unveils new fashion collection following split with sportswear giant Adidas
The latest collaboration between Beyonce, Balmain, and Olivier Rousteing builds on their existing relationship dating back to 2018.
African-American billionaire David Steward takes a hit: Net worth drops $570 million since mid-February
Since Feb. 16, Steward’s net worth has declined by $570 million, from $6.17 billion to $5.6 billion.
Sasol, led by Fleetwood Grobler, takes bold steps into energy transition
Grobler has a minority stake in the South African integrated energy and chemicals conglomerate.
Neal Froneman’s Sibanye-Stillwater to extend funding to Australian company
Neal Froneman is currently driving the expansion and diversification of Sibanye-Stillwater’s asset portfolio.
John Coumantaros takes $30-million hit from Flour Mills investment
Coumantaros’ 63.34-percent stake in the agro-allied group is still up by over $6 million since the start of the year.
Nigerian billionaire Femi Otedola now one of Transcorp’s top shareholders
Otedola now holds a 5.52-percent stake in Transcorp, making him one of the conglomerate’s top shareholders.
Deon Nobrega’s Paymenow secures $14-million debt facility with RMB backing
Paymenow is a Stellenbosch-based financial wellness platform.