Nigerian VC Kola Aina exceeds fundraising goal, leads firm to close fund at $46 million
Aina is a key player in the African venture capital space.
African Billionaires
Elon Musk’s Starlink to roll out service in Nigeria before end of 2022
Starlink is the satellite Internet service provided by SpaceX, Elon Musk’s space exploration company.
Christo Wiese-linked retailer Steinhoff loses $271.7 million on news of debt maturity extension
Wiese is a South African billionaire and retail tycoon.
Meet 40-year-old Black businesswoman who co-founded fashion brand with Khloe Kardashian
Grede is one of the world’s wealthiest Black businesswomen.
Ghanaian entrepreneur Gregory Rockson’s mPharma to expand footprint with $43-million investment
mPharma manages pharmaceutical inventories for African mom-and-pop pharmacies.
Meet South African entrepreneur who sold part of her restaurant chain to Famous Brands
Monzeglio’s passion for cooking and healthy eating inspired her to start catering vegan meals for clients after she left her job.
Nigerian entrepreneur Adesuwa Okunbo Rhodes’ firm secures $20 million from Visa, MasterCard
Rhodes founded Aruwa Capital with the goal of closing the investment gap affecting women-owned businesses in Africa.
7 richest Black women in the United States in December 2022
It was a successful year for Black businesswomen in the United States.
Kenyan tycoon Julius Mwale discusses investing with 19 African presidents
He is also in talks with Senegal to build Africa’s longest bridge.
Meet 26-year-old Nigerian entrepreneur who is the youngest Black woman to raise $10 million
Olamide Olowe’s Topicals is Sephora’s fastest-growing skincare brand.
Egyptian entrepreneur Gohar Said’s Suplyd closes $1.6-million funding round
Suplyd was founded to address the challenges faced by HORECA industry in MENA.
Nigeria’s second-richest billionaire Abdul Samad Rabiu’s net worth surpasses $8.1 billion
Rabiu is Nigeria’s second-richest man and one of the African continent’s wealthiest businessmen.
Telecom billionaire Mike Adenuga loses $9 million in 200 days from stake in Conoil
Adenuga holds a majority stake in the oil marketing business.
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.