OPEC says Aliko Dangote’s petrochemical refinery to account for over half of Africa’s refining additions
THE Dangote Refinery is a $19-billion integrated petrochemical refinery complex.
African Billionaires
Nigerian billionaire Femi Otedola celebrates 60th birthday on $750,000-a-week yacht owned by Aristotle Onassis
Otedola is one of Nigeria’s richest men.
South African billionaire Nicky Oppenheimer gains $100 million in October
Oppenheimer’s $7.93-billion net worth is derived from a mix of private equity investments.
Nigerian billionaire Aliko Dangote’s sugar company posts record earnings, with profits exceeding $56 million
Dangote owns 72.3 percent of Dangote Sugar Refinery.
Angolan gov’t takes ownership of Unitel S.A. from billionaire businesswoman Isabel dos Santos
Dos Santos was once considered Africa’s wealthiest woman.
U.S. billionaire Jeff Bezos’ cloud computing business AWS opens first office in Nigeria
AWS is a subsidiary of Amazon.com.
Kenyan sugar baron Jaswant Rai-linked firm seeks approval to set up $42.2-million factory
The Rai family is one of the wealthiest families in Kenya.
Somali tycoon Abdirashid Duale’s Dahabshiil donates $500,000 to families affected by Mogadishu bombing
Duale is known for his charitable donations and habit of assisting Somalis in times of need.
Nigerian billionaire Abdul Samad Rabiu’s food business posts $156.5 million in profit in 9M 2022
Rabiu and his son own 99.8 percent of BUA Foods.
South African billionaire Johann Rupert gains $220 million in October, as Richemont shares rebound
Rupert is South Africa’s richest businessman.
Kenyan billionaire James Mwangi’s stake in East Africa’s largest bank now worth $49 million
Kenyan billionaire Mwangi owns a sizable 3.38-percent stake in Equity Group.
Egyptian mogul Hend El-Sherbini’s IDH to launch diagnostic venture in Saudi Arabia
IDH is a major consumer healthcare group in the Middle East and Africa.
Nigerian tycoon Samuel Bolarinde’s Vitafoam posts $11.2 million in profit in 2022
Bolarinde owns a 13.03-percent stake in Vitafoam.
Moroccan multimillionaire Anas Sefrioui has lost nearly $135 million in 10 months from stake in ADH
Sefrioui owns a 64.1-percent stake in Douja Promotion Groupe Addoha.
Money Fellows, led by Egyptian founder Ahmed Wadi, raises $31 million for expansion
Wadi worked on a number of projects for Microsoft and Daimler before founding Money Fellows in 2016.
South African tycoon Stephen Brookes’ Balwin Properties posts $9 million in mid-year profit
Brookes owns a 36.08-percent stake in Balwin Properties.