Telecom billionaire Mike Adenuga loses $9 million in 200 days from stake in Conoil
Adenuga holds a majority stake in the oil marketing business.
African Billionaires
Africa’s richest man Aliko Dangote’s firm receives approval to buy back shares worth $917 million
Dangote Cement is Africa’s largest cement producer.
Led by South African tycoon Shameel Joosub, Vodacom completes Vodafone Egypt acquisition
Joosub said the deal represents an important milestone for Vodacom Group.
Mauritian tycoon Arnaud Lagesse’s IBL eyes new deal in East Africa
IBL is a renowned, multifaceted Mauritian conglomerate.
Centum, controlled by family of late tycoon Chris Kirubi, prepares to repay dollar-denominated loans
Kirubi passed away last year.
Nigerian energy magnate Igho Sanomi receives maiden Golden Heart Award from GIPLC
Sanomi is known for his humanitarian efforts.
Controlled by Kenya’s richest families, NCBA Group lends Mauritian firm $10.7 million
NCBA’s loan to Grit now represents more than 2.27 percent of the real estate company’s overall debt.
South African billionaire Stephen Saad’s Aspen secures $30 million grant to make vaccines
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
Serena Williams launches new company to tap into billion-dollar sports recovery industry
Her net worth has risen by $20 million since the start of the year.
Kenyan mogul Baloobhai Patel to restructure holdings in NSE-listed companies
The successful businessman also has stakes in Williamson Tea Kenya, Diamond Trust Bank Group, and Safaricom.
Ethiopia’s richest man Mohammed Al-Amoudi gains $420 million in 11 weeks
Al-Amoudi is now ranked 443rd on the Bloomberg Billionaires Index.
Kenyan businessman James Mwangi’s Equity, NCBA fight over $1.3-million property in Nairobi
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Led by Egyptian exec Pakinam Kafafi, TAQA Arabia signs MoU to develop green hydrogen plant
Kafafi, who was named one of Egypt’s top 50 influential women in 2016, made significant contributions to TAQA’s growth.
The 10 richest Black Americans in December 2022
The net worth of the 10 richest African-American billionaires rose by $910 million in 2022.
360 UHNWIs lose billionaire status in 2022, Switzerland’s biggest bank says
According to the group, there were 2,668 dollar billionaires in 2022, 87 fewer than a year earlier.
Meet Islam Shawky, Egyptian fintech founder who secured $50 million for his startup in May
Paymob has facilitated more than 120 million transactions worth more than $324.6 million under Shawky’s leadership.