Equity Bank battles Kenyan tycoon Paul Ndung’u over $4.5-million loan
Ndung’u is one of Kenya’s richest men.
African Billionaires
Nigerian billionaire Abdulsamad Rabiu set to receive whopping $162-million dividend from BUA Foods
Rabiu is also anticipating another handsome dividend of $198 million from his shareholding in BUA Cement.
Mo Dewji retains position as East Africa’s richest billionaire amidst turbulent global market
Dewji has skillfully translated his entrepreneurial zeal into a multibillion-dollar empire.
Shoprite, linked to billionaire Christo Wiese, launches first apparel store in South Africa
Shoprite Holdings is Africa’s largest supermarket group.
Moroccan billionaire Aziz Akhannouch suffers $400-million net worth drop in first quarter of 2023
The decline in Akhannouch’s net worth can be linked to his shares in Afriquia Gaz SA.
Tanzanian multimillionaire Rajabali brothers gain $2.72 million from stake in CRDB Bank
Aunali and Sajjad Rajabali own a combined 2.6-percent stake in CRDB Bank, a Dar es Salaam-based lender.
Nigerian pharma tycoon Fidelis Ayebae’s Fidson smashes expectations with $9.08-million profit
Fidson Healthcare has established itself as a leading player in the Nigerian and West African pharmaceutical industries.
Burkinabe tycoon Idrissa Nassa’s Coris Bank rises to new heights as market cap surpasses $460 million
Coris Bank has become a formidable force in the financial services industry.
Aliko Dangote’s group charts bold plan to make Nigeria self-sufficient in vital industries
Dangote commits $700 million to expand sugar business, boost sugar sufficiency in Nigeria.
Nigerian tech entrepreneur Favor Ori’s PayDay continues rapid expansion with Kenya launch
PayDay is a fintech startup that facilitates global money transfers for Africans.
Contractor drags Nigerian billionaire Mike Adenuga’s firm to court over alleged $775,000 debt
This follows allegations made against Conoil in March 2022 by a group of local oil contractors.
Wealth disparity in Africa: Only 138,400 Africans are worth more than $1 million of 1.4 billion people
This highlights the significant wealth gap that exists in Africa, where a privileged minority holds a disproportionate amount of wealth.
Zimbabwean billionaire Strive Masiyiwa’s Liquid opens cybersecurity center in Zambia
Liquid C2 operates as a subsidiary of Zimbabwean billionaire Strive Masiyiwa’s Liquid Intelligent Technologies.
PalmCI, led by Ivorian Billon family, makes waves with $280 million market cap milestone
Palm Cote d’Ivoire SA is an agro-allied company based in Cote d’Ivoire.
OneTech share dip costs Tunisian businessman Moncef Sellami $2.6 million
Sellami holds a significant 25.4-percent stake in the Tunis-based semiconductor supplier.
South African billionaire Johann Rupert’s Richemont takes on luxury theft
Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.