Botswana billionaire Ramachandran Ottapathu’s Choppies makes move to acquire Kamoso Africa
Choppies Enterprises is a Gaborone-based supermarket chain.
African Billionaires
Zimbabwe’s richest man Strive Masiyiwa gains $700 million in 27 days
Masiyiwa owns 52.85 percent of Econet Zimbabwe.
Nigerian billionaire Femi Otedola’s Geregu Power surpasses $800-million market cap on NGX
Geregu Power is a power-generating company.
Patrice Motsepe-backed TymeBank targets 28 million customers via partnership with TFG
TymeBank is partly owned by Motsepe’s African Rainbow Capital (ARC) Financial Services Holding.
Egyptian billionaire Yasseen Mansour’s Palm Hills set to cut capital by $4 million
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.
Egypt’s richest man Nassef Sawiris’ stake in English club side Aston Villa now worth $134 million
Sawiris is one of the riches football club owners in Europe.
Nigerian billionaire Mike Adenuga has now gained $600 million so far in 2023
Adenuga owns a 74.4-percent stake in Conoil.
Cape Town-based entrepreneur Cordel Robbin-Coker’s gaming startup raises $27 million
Carry1st is a South African mobile gaming startup.
Billionaire Black family seeks $50 million from wealthy families for diverse content production
The Steward family has a net worth of $5.7 billion.
Nigerian entrepreneur and energy tycoon Michael J. Prest ventures into renewable energy
Prest is the founder of Petrodel and Bank of Nevis International.
Nigerian banker Herbert Wigwe says 370 million Africans have no access to financial services
Wigwe owns a 4.51-percent stake in Access Holdings.
Aliko Dangote’s group says $19-billion refinery will be unveiled before Buhari’s term ends
Dangote is set to become the first Black person in history to lay claim to a $30-billion fortune.
Orascom, led by Sawiris family, to pay out $21.6 million to shareholders
Orascom Construction is a Cairo-based multinational engineering and construction firm.
Robert Smith remains America’s richest Black billionaire with $11.9-billion net worth
Smith is the founder of one of the biggest U.S. tech-focused private equity firms, Vista Equity Partners.
Nairobi-based entrepreneur Jit Bhattacharya’s BasiGo to assemble 1,000 electric buses in Kenya
BasiGo is a Kenyan e-mobility startup.
Aliko Dangote’s stepbrother Sayyu Dantata launches $450-million lubricant plant in Lagos
Dantata is the founder and chairman of MRS Holdings Company Limited.