Tribunal denies investors $4.1 million in lawsuit linked to retail chain led by Kenyan tycoon, Atul Shah
Nakumatt Holdings started facing serious financial difficulties in 2016.
African Billionaires
Nigerians now able to preorder Elon Musk’s Starlink service
SpaceX is just one of many ventures owned by Musk.
This Kenyan entrepreneur built a fintech platform that has processed over $1 billion in transaction
Kageni Wilson belongs to a new breed of African entrepreneurs.
Top holiday destinations for world’s richest individuals include luxurious lodges in Africa
Luxury safaris in Africa are popular among the world’s richest people looking for adventure.
Wealthy Kenyan banker Suresh Bhagwanji Shah acquires Nairobi Business Park
Suresh Bhagwanji Shah is the founder of I&M Holdings.
Ghanaian tycoon Joseph Siaw Agyepong to set up Rice Milling company
Agyepong is the founder of Jospong Group, a large Ghanaian conglomerate.
Patrice Motsepe’s ARM stake value jumps $212.5 million thanks to success on JSE
ARM is South Africa’s first Black-owned mining company.
Kenyan billionaire Shah family, other investors purchase Nairobi Business Park
The transaction’s value was not disclosed.
Femi Otedola’s Geregu Power gains $170.1 million following Afreximbank deal
Geregu Power is a major player in Nigeria’s power sector.
Meet Nigerian entrepreneur who secured $15 million to empower Africans to build wealth
Richmond Bassey is revolutionizing access to investment opportunities for Africans.
Black couple acquires property in North Carolina for $3.85 million
In 2019, the James family founded Duke Ventures.
Egypt’s richest man Nassef Sawiris purchases luxurious Beverly Hills mansion for $24 million
The Beverly Hills mansion is just one of Sawiris’ luxurious properties.
Kenyatta family’s equity wealth in banking giant skyrockets by $21 million in 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
Meet Zambian entrepreneur breaking barriers with Africa’s first card-issuing platform
Mlambo’s vision for Union54 is to scale its operations and improve access to financial services in Africa.
Dangote’s oil refinery set to transform African petroleum industry in 2023
The refinery will be closely watched by the global energy industry.
Egyptian businessman Hisham Talaat Moustafa’s TMG sets new sales record with $1.34 billion in 2022
The Talaat Moustafa family’s stake in TMG Holdings is now worth $364.4 million.