Oprah Winfrey has now lost more than $100 million since beginning of 2022
Her net worth has dropped from $2.6 billion to $2.5 billion.
African Billionaires
Mauritian tycoon Arnaud Lagesse-led IBL Group buys stake in leading Kenyan supermarket chain
The transaction highlights Naivas’ intrinsic value as Kenya’s largest supermarket chain.
Prosus N.V., led by South African billionaire Koos Bekker, sells $3.67-billion stake in JD.com
Prosus N.V. has grown into a leading global consumer Internet group.
South African mogul Neal Froneman’s Sibanye-Stillwater’s PGM mine in US suspended for 4-6 weeks
Regional floods led to the decision to pause operations.
Nigerian oil tycoon Adewale Tinubu’s Oando suffers $320 million in losses in 2020
Tinubu stated that 2020 was one of the most challenging years in the firm’s history.
Africa’s richest man Aliko Dangote to raise $723 million to finance $19-billion refinery plant in Lagos
The refinery’s pipeline infrastructure will process 540,000 barrels of Nigerian crude per day in the first phase of operation.
Nigerian tech tycoon Leo Stan Ekeh’s foundation plans to create 10,000 jobs
Ekeh is the founder of Zinox Group.
10 charitable foundations founded by African billionaires you should know
They’re putting their money when their mouth is.
Top 7 African billionaires of Instagram
They’re definitely worth following. Well, some of them at least.
Cameroonian media mogul Jean-Pierre Amougou Belinga’s Anecdote Group pays $3.2 million to tax authority
Belinga also runs Pura, a mineral water company, and Vision 4, a Cameroonian TV channel.
South African entrepreneur Mike Heyink’s Yellow raises $23-million debt funding
Yellow was founded in 2018 to deliver life-changing tech products to low-income households in Africa.
Tanzanian gold magnate Ketan Patel suffers $1.8-million loss as Shanta Gold shares retreat
Patel owns 44,274,017 ordinary shares, or 4.22 percent of the company.
Billionaire Issad Rebrab retires as CEO of Algeria’s largest private group, Cevital
On July 1, his son Malik Rebrab, who has previously held high positions in Cevital, will take over as CEO.
Ugandan magnate Charles Mbire gains $4.7 million from stake in MTN Uganda
Mbire owns 3.98 percent of the telecom company.
Burkinabe banking tycoon Idrissa Nassa’s Coris Bank signs $526.8-million trade finance line with Afreximbank
The financial services group’s capital has grown since its founding from $3 million to $9 billion.
Nairobi-based entrepreneur Bente Krogmann’s mTek raises $3-million funding for expansion
The startup will begin its expansion within Kenya through Finclusion Group branches.