Morocco’s second-richest man Othman Benjelloun gains $100 million
Benjelloun derives most of his wealth from his investment in BMCE Group.
African Billionaires
Egypt removes multimillionaire businessman Safwan Thabet from terror list
habet is a well-known Egyptian businessman who founded and led Juhayna Food Industries.
Idrissa Nassa, Burkinabe banking mogul, announces Coris Bank’s ambitious pan-African expansion for 2023
Coris Bank has evolved into a key player in the West African financial services industry.
Adidas faces potential loss of $1.3 billion due to unsold Kanye West’s Yeezy stock
This follows the termination of its partnership with Kanye West.
Egyptian entrepreneur Karim Khashaba’s Yodawy hits milestone with $16 million funding from investors
Yodawy is a digital healthcare startup led by Egyptian entrepreneur Karim Khashaba.
Christo Wiese-linked retailer Steinhoff plummets by over $38 million as shares hit record low
Wiese is a South African billionaire and retail tycoon.
U.S.-Canadian billionaire Robert Friedland considers partner for DRC copper assets
Friedland is the founder of Ivanhoe Mines, a leading player in the mining and precious metals sectors.
Meet Egypt’s top five richest billionaires
These billionaires hold 6.1 percent of the country’s total private wealth.
Femi Otedola’s siblings, Ayokunle and Rotimi, invest over $3.6 million in Geregu Power shares
Ayokunle and Rotimi Otedola are siblings of billionaire Femi Otedola.
Malagasy businessman Hassanein Hiridjee’s AXIAN Group launches 1.8 MW solar power plant
AXIAN Group is now recognized as Madagascar’s top energy producer.
Kenyan businessman Paul Ndung’u challenges expulsion from Sportpesa
The move follows a special resolution by Sportpesa CEO Ronald Karauri and other key stakeholders at Pevans East Africa.
Somali mogul Ismail Ahmed shocks industry as Zepz surpasses $800 million in funding
Zepz has continued to thrive, with its total funding increasing from $699.7 million to $800 million in two years.
South African businesswoman Noluthando Gosa suffers $4.2-million loss in 31 days
Gosa owns a 6.15-percent stake in ArcelorMittal South Africa.
Africa’s richest man Aliko Dangote has now gained $411 million so far in 2023
Dangote derives most of his wealth from an 86-percent stake in Dangote Cement.
Tech billionaire Olugbenga Agboola’s Flutterwave set to launch North African operations
Flutterwave is a leading payment technology provider in Africa.
Led by Sophia Alj, Ismael Belkhaya, Chari secures $1 million from Orange Ventures
Chari is a Moroccan e-commerce and fintech startup.