Pair of Michael Jordan’s sneakers sells for $2.2 million, becoming most expensive ever
This unique pair of sneakers holds significant historical value.
African Billionaires
Abdul Samad Rabiu donates $11.8 million to 22 Nigerian institutions
ASR Africa is a nonprofit foundation founded by Rabiu in April 2021.
Nigerian oil tycoon Gabriel Ogbechie’s Rainoil launches mega filling station
Rainoil is a key player in Nigeria’s oil industry.
Neal Froneman’s Sibanye-Stillwater boosts dollar-denominated facility to $1 billion
Sibanye-Stillwater is a multinational precious metal mining company.
South African tycoon Noluthando Gosa suffers $6.3-million loss from stake in steelmaker
Gosa holds a 6.15-percent stake in Gauteng-based steelmaker, ArcelorMittal South Africa.
Cape Town-based entrepreneur Rahul Jain’s fintech firm raises $31 million
Peach Payments processes more than $54.6 million per month for its merchant.
Rostam Aziz’s gas plant in Kenya stirs interest as 13 firms seek EPRA approval
Thirteen firms are vying for licenses to build berths for handling gas imports in Kenya, two months after Aziz was granted a license.
Nigerian billionaire Mike Adenuga’s net worth drops by $100 million
Adenuga remains one of Nigeria’s and Africa’s top billionaires.
Meet Sudanese-British billionaire Mo Ibrahim, with a $1.2-billion fortune
In 2005, the billionaire sold Celtel to Kuwait’s Mobile Telecommunications Co. for $3.4 billion.
Mohamed Al Fayed’s net worth surges by $100 million in 60 days
Al Fayed’s net worth has risen by $100 million since the start of 2023.
Kenyan tycoon James Mwangi gains $7.28 million in 18 days from stake in Equity Group
Mwangi owns a significant 3.38-percent stake in Equity Group.
Meet Dawit Abraham: Ethiopian entrepreneur revolutionizing African gaming industry
His journey as an Ethiopian entrepreneur is a story of hard work, innovation, and a passion for creating world-class products.
Nigerian entrepreneur Damilola Olokesusi leads ride-sharing platform to raise $4 million
Since its inception in 2016, Shuttlers has raised a total of $5.6 million from institutional investors.
Kenyan businessman John Kimani-linked Kakuzi creates 188 new jobs in 2022
Kakuzi Plc is an agricultural cultivation and manufacturing firm.
Strive Masiyiwa’s Econet Zimbabwe to raise $30.3 million to redeem outstanding debentures
Masiyiwa commands a significant equity holding of 52.85 percent in Econet Zimbabwe.
South African billionaire Saltzman family gains $42 million in 25 days
The Saltzman family owns a beneficial 45.2-percent stake in Dis-Chem Pharmacies.