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.
African Billionaires
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.
Egyptian mogul Khaled Mahmoud’s MM Group records $12 million in profit in 2022
Mahmoud owns a significant 10.13-percent stake valued at nearly $13 million.
Nigerian multimillionaire MMA fighter Israel Adesanya packs $2-million payout
Adesanya will earn $2 million, which includes a $1-million guaranteed payout and additional sponsorships and pay-per-view earnings.
Hend El-Sherbini’s IDH hit by profit decline, sees earnings dip below $18 million
El-Sherbini owns a significant 25.5-percent stake in Integrated Diagnostics Holdings.
John Kimani-linked NMG set to reward shareholders with $2.14 million in dividends
Kimani owns a significant 2.35-percent stake in Nation Media Group.
Nigerian entrepreneur Ikenna Nzewi is disrupting Africa’s food industry
Nzewi has seen incredible success in transforming the sale of high-quality raw materials to food factories in Africa.