Nigerian billionaire Abdul Samad Rabiu loses $255 million in 12 days
He remains Nigeria’s second-richest man.
African Billionaires
Releaf, led by Nigerian entrepreneur Ikenna Nzewi, raises $3.3 million for new technologies
Releaf has secured more than $100 million in supply contracts.
South billionaire Koos Bekker gains $50 million as JSE hits all-time high
The South African billionaire controls 0.96 percent of Naspers.
No dividend for Kenyan Merali family as Sasini posts highest profit in seven years
The family of Naushad Merali is the majority shareholder of Sasini.
Wealth of Egyptian billionaires under threat as devaluation of pound reaches record lows
The devaluation of the pound may have a significant impact on the economy and on the net worth of Egyptian billionaires.
Tunisian tech entrepreneurs set to sell AI company to German biotech firm for $390 million
InstaDeep was founded in 2014.
Disgraced South African mogul Markus Jooste barred from boardrooms for 20 years
Jooste was found to have violated listing requirements.
Ghanaian entrepreneur Miishe Addy leads logistics platform to raise $13 million in funding
Her extensive experience proved invaluable in securing funding from investors.
Bank linked to Kenyan businessman, Baloobhai Patel to pay couple $1.9 million for fraudulent shares sale
Patel owns one percent of Absa Bank Kenya, a subsidiary of Absa Group Limited of South Africa.
Egyptian businessman Mohamed Arafa’s firm mulls expansion
Haj Arafa Group, under the leadership of Egyptian businessman Mohamed Arafa, is exploring opportunities to broaden its reach.
London-based Chestertons enters Egypt market via partnership with Naguib Sawiris’ Gemini
Gemini is a real estate developer that is part of Ora Developers.
America’s richest Black billionaire Robert Smith’s Vista Equity to buy Duck Creek for $2.6 billion
Smith founded Vista Equity Partners in 2000.
Flutterwave, led by Nigerian tech entrepreneur Gbenga Agboola, competes to buy British fintech Railsr
Flutterwave was co-founded in 2016.
Egyptian entrepreneur Mostafa Kandil’s SWVL joins forces with Klax Ads to boost drivers’ income
SWVL Holdings Corp. is a leading provider of tech-enabled mass transit solutions.
Oprah Winfrey remains richest Black woman in America with $2.5-billion net worth
Winfrey is a household name known for her hit talk show, “The Oprah Winfrey Show.”
South African tycoon Jens Montanana’s stake in Datatec loses $30 million in eight weeks
Montanana founded Datatec in 1986.