Sawiris family, Egypt’s richest, suffers $800 million net worth loss in 2022
The family’s combined wealth includes the fortunes of Naguib, Samih, and Nassef Sawiris.
African Billionaires
Nigerian media mogul Raymond Dokpesi released following delay at Heathrow Airport
The mogul is the founder and former chairman of Daar Communications.
Meet Egyptian software developer who raised $31 million in funding for his startup
Ahmed Wadi joined forces with another Egyptian software developer, Adham Badr, to co-found Money Fellows in 2016.
South African billionaire Johann Rupert’s Richemont set to benefit from Middle East’s luxury market
Richemont is a Swiss luxury holding company.
Dave Chappelle reveals African-American businessman Jay-Z’s investments in Ghana
Jay Z remains one of the few Black billionaires in the United States.
Kenyan tycoon Baloobhai Patel finds loophole to avoid paying tax on Carbacid stake
Patel is a leading Kenyan tycoon and serial investor.
South African billionaire Johann Rupert gains $400 million in first week of 2023
Rupert derives most of his wealth from his 9.14-percent stake in Richemont
Nigerian multimillionaire banker Herbert Wigwe sees stake in Access slump by $5.7 million
Herbert Wigwe owns a 4.51-percent stake in Access Holdings.
Egyptian billionaire families Sawiris, Mansour top Forbes list of wealthiest families in Arab world
The two families rank first and third, respectively.
Nigerian businessman Tony Elumelu invites African entrepreneurs to apply for $5,000 in seed capital
He emphasized the importance of not only personal success but also giving back to the community.
Court approves Algerian billionaire Issad Rebrab’s Cevital plans for giant tourist complex
The Algerian billionaire stepped down as CEO of Cevital in 2022.
Egyptian businessman Ahmed El-Sewedy’s firm to build industrial zone in Egypt’s new city
El Sewedy Electric is a multinational cable and electrical equipment manufacturer.
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.
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.