Billionaire Robert Smith’s Vista Equity partners with NACD, SHRM to increase board diversity
Vista is a renowned global investment firm run by Smith, America’s richest Black man.
African Billionaires
Ugandan tycoon Emmanuel Katongole’s CiplaQCIL to pay shareholders first dividend in four years
Katongole owns 2.79 percent of the company, or 101,933,042 ordinary shares.
Led by South African mogul Koos Bekker, Prosus N.V. acquires stake in Brazilian food delivery platform
Prosus N.V. was founded in 1997.
Nigerian banker Tony Elumelu commissions ultra-modern UBA Experience Center in Abuja
The center’s launch comes nearly one month after Elumelu opened a new UBA branch in Dubai.
South African executive Nombasa Tsengwa says investment in green minerals ‘urgent’
Tsengwa became the group CEO of Exxaro Resources in March 2021.
Egyptian billionaire Yasseen Mansour’s Palm Hills reports over $550 million in property sales
Mansour owns a sizable 5.22-percent stake in the real estate firm.
Kenya-based founder Stefano Carcoforo’s iProcure secures $10.2 million from investors
Carcoforo co-founded iProcure in 2013.
American-Nigerian telecom tycoon Sam Darwish’s IHS Holding suffers $162.4 million in losses in H1 2022
Darwish said the group had a solid quarter despite today’s volatile macroeconomic environment.
Nigerian banking tycoon Tony Elumelu loses $10.4 million in 27 weeks from stake in United Bank for Africa
Elumelu owns a sizeable 6.96-percent stake in UBA, one of Nigeria’s leading banking groups.
Egyptian tycoon Ahmed El Sewedy’s electric firm signs deal to operate high-speed network projects in Egypt
The firm will collaborate with Germany’s Deutsche Bahn International Operation on the project.
African-American comedy mogul Kevin Hart to launch plant-based restaurant in LA next week
The restaurant chain will open in New York in a bid to uproot the fast-food industry.
South Africa approves acquisition of Bokoni Mine by billionaire Patrice Motsepe’s ARM
The mining company announced that the multimillion-dollar transaction will go into effect on Sept. 1.
Zimbabwean billionaire Strive Masiyiwa’s Liquid acquires Israeli tech firm, Telrad
Liquid’s cloud solutions have expanded rapidly under Masiyiwa’s leadership.
Uganda’s richest investor Charles Mbire gains $4.7 million from stake in MTN Uganda
The $4.7-million bump in his stake solidifies his position as the richest investor on the Uganda Stock Exchange.
South Africa’s richest man Johann Rupert suffers $290-million wealth loss
The multimillion-dollar drop in his net worth can be attributed to the performance of his 9.14-percent stake in Richemont.
Nigerian president taps Africa’s richest man Aliko Dangote to head Nigeria End Malaria Council
Dangote was chosen due to his track record and passion for supporting public health issues.