Aliko Dangote loses $700 million in July amid stock market sell-off, naira slump
However, he remains one of the few billionaires who has seen impressive gains since the year began.
African Billionaires
Kenya’s apex bank: Olugbenga Agboola’s Flutterwave, Ham Serunjogi’s Chipper Cash not licensed
The bank’s statement comes after Flutterwave denied links to a $59-million money laundering scheme.
Botswana-based mogul Jonathan Gibson’s Chobe suffers over $3.3 million in losses in 2021
Gibson owns 35.6 percent of the company.
Moroccan tech tycoon Karim Benjelloun’s Disway reports $95 million in revenue in H1 2022
Benjelloun owns 7.36 percent of the company, or 138,822 ordinary shares.
Business as usual during elections in St. Kitts and Nevis
The world’s best-esteemed CBI program continues to move full steam ahead.
Swazi billionaire Natie Kirsh’s net worth increases by $430 million in 35 days
The bump in his net worth is due to an increase in the valuation of his stake in Jetro Holdings.
Billionaire Mohamed Mansour’s Infinity plans to raise as much as $4 billion from capital market
The group is pushing to sustain its expansion and growth trajectory in the renewable energy industry.
Egyptian mogul Medhat Khalil-linked Aman Holding’s capital soars above $32 million
The fintech company’s capital has now risen to $32.4 million.
Aliko Dangote’s salt-processing business NASCON records more than $3.7 million in profit in H1 2022
NASCON is a subsidiary of Dangote Group.
Dar es Salaam-based multimillionaire Hans Macha gains $1.5 million from stake in CRDB Bank
Macha’s interest in Tanzania’s leading banking group is worth more than $5 million.
Kenya’s Kirubi family to pocket $1.02-million dividend from stake in Centum Investment
The million-dollar dividend will be deposited into the family’s bank account at a later date.
Led by Tunisia’s Ben Yedder family, Ennakl Automobiles’ revenue slumps below $22 million in H1 2022
The drop in revenue was due to supply and logistics issues.
Opportunists or strategists? What will bring more African family businesses to the forefront?
The continent’s future is influenced by those who hold the wealth and resources — and their motives.
Led by South African Ackerman family, Pick ‘n Pay reports double-digit increase in retail sales across Africa
The Cape Town-based retail behemoth operates more than 2,000 stores across eight African countries.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $147.7 million in profit in H1 2022
The double-digit rise in earnings was driven by increased revenue from $299.3 million to $454.1 million.
British-Nigerian entrepreneur Ladi Delano’s Moove partners with Uber to launch India ride-hailing fleet
The move marks Moove’s first global expansion outside of Africa.