Nigerian billionaire Abdul Samad Rabiu overtakes telecom mogul Mike Adenuga in Forbes ranking
Rabiu is now Africa’s fifth-richest man.
African Billionaires
Tunisian tycoon Abdelwaheb Ben Ayed’s Poulina Group reports $947.7 million in revenue in 2021
Ayed owns a beneficial 3.4-percent stake in the conglomerate.
Nigerian billionaire Mike Adenuga’s net worth slumps by $200 million since start of 2022
Adenuga derives the majority of his wealth from his telecom company and his investments in the Nigerian oil industry.
Shell to receive final bids from Nigerian mogul Tony Elumelu’s oil firm, others for $2.3-billion oil assets
The move comes nearly a year after the British energy giant announced plans to divest its interests in Nigeria.
Egyptian businessman Medhat Khalil’s Raya Holding partners with Huawei to build sustainable data centers
Raya Holding is a leading brand in Egypt, with its operations generating a net profit of $34.5 million in 2021.
Malagasy tycoon Hassanein Hiridjee’s AXIAN invests in Egyptian tech fund
Hiridjee controls AXIAN, one of Madagascar’s largest conglomerates.
Queen’s bank honors Somali tycoon Abdirashid Duale for contribution to financial sector
His company Dahabshiil has grown into a leading African money transfer business.
Egyptian steel magnate Ahmed Ezz’s steel company leads as top MENA steel producer
According to World Steel, Ezz Steel ranks first in Africa and the Arab world, with a total output of 5.14 million tonnes.
Mediclinic rejects takeover bid by billionaire Johann Rupert’s Remgro and MSC
Remgro and MSC offered about $4.3 billion for Mediclinic, a South African hospital group.
Controversial South African tycoon Hamilton Ndlovu banned from doing business with state
Ndlovu made a fortune through controversial PPE contracts.
LSE lauds Nigerian energy mogul Bryant Orjiako’s achievements at Seplat Energy
The LSE’s statement comes just a few weeks after Orjiako retired as chairman.
Zimbabwean billionaire Strive Masiyiwa’s Africa Data Centers launches massive data center facility in Ghana
ADC is an affiliate of Cassava Technologies.
Moroccan billionaire Othman Benjelloun has now lost $200 million since start of 2022
Benjelloun, one of Africa’s richest billionaires, has a net worth of $2 billion.
Kenyan banking magnate Jimnah Mbaru loses $1.7 million from Britam stake
Mbaru owns a significant 7.72-percent stake in Britam Holdings.
Africa’s wealthiest man, billionaire Aliko Dangote loses $700 million in 10 days
But with his fortune of $20.3 billion, he remains Africa’s richest man.
Moroccan billionaire Aziz Akhannouch’s net worth slumps by $200 million since start of 2022
Akhannouch has a fortune of $2 billion.