South African billionaire Johann Rupert’s Richemont to open new Hong Kong store
South African billionaire Johann Rupert’s Richemont brings Vhernier to Asia with a new Hong Kong boutique.
Billionaires.Africa
Kenyan tycoon TK Muya’s Family Bank plans $48 million capital raise
Family Bank targets $48 million private placement to fund regional expansion and strengthen capital after strong H1 profits.
South African tycoon Giovanni Ravazzotti to receive $41-million from Italtile dividend
Giovanni Ravazzotti to receive $41.65 million from Italtile’s $73.71 million special dividend for 2025.
Bill Gates’ anti-malaria program halted in Burkina Faso
Burkina Faso suspends Gates Foundation anti-malaria project, raising debate over genetically modified mosquitoes.
Michael Jordan nears $4 billion net worth
Michael Jordan nears $4 billion fortune as his wealth hits $3.8 billion, ranking among the world’s richest Black billionaires.
Egyptian billionaire Sadek El-Sewedy loses nearly $60 million from Elsewedy stake
Egyptian billionaire Sadek El-Sewedy’s stake in Elsewedy Electric drops by $58.6 million as shares decline.
South African billionaire Jannie Mouton’s Capitec stake tops $1.2 billion
Jannie Mouton’s Capitec stake tops $1.2 billion as an 18-day share rally adds $67.58 million in value, cementing his position among South Africa’s financial elite.
Wema Bank, partly owned by gambling magnate Adebutu, raises $103 million in rights issue
Wema Bank, partly owned by Nigerian gambling magnate Kessington Adebutu, tops target with $103.1 million rights issue, boosting capital strength and growth outlook.
Nigerian beverage billionaire Adebola Adegunwa takes on Coca-Cola and plastic waste
Nigerian billionaire Adebola Adegunwa, owner of Rite Foods, challenges Coca-Cola while tackling plastic waste with bold clean-up campaigns and sustainability projects.
He sold Telecel for $200M, owned Hotel Rwanda and a wine estate: Miko Rwayitare’s empire
Miko Rwayitare built Africa’s first mobile network, sold it for $200M, owned Hotel Rwanda and a Cape wine estate. His legacy endures.
Nigerian tycoon Abdullahi Bashir Haske targeted as EFCC seeks to freeze $15 million account: Report
EFCC seeks to freeze $15 million belonging to Nigerian businessman Abdullahi Bashir Haske amid money laundering and criminal conspiracy claims.
6 businesses Megan Thee Stallion is building into her empire
The Grammy-winning rapper is building an empire with these six ventures.
Femi Otedola’s memoir climbs to No. 3 on Amazon UK best-seller list
Just days after release, Femi Otedola’s debut memoir Making It Big has surged to the top tier of Amazon’s business biography rankings.
New South African fintech millionaires minted in $94-million Nedbank-iKhokha buy
iKhokha’s trio of founders stand to pocket millions as Nedbank snaps up the decade-old fintech in a $94 million deal.
Nambian multi-millionaire Quinton van Rooyen gets $281-million offer for Trustco
Trustco’s founding family weighs $281 million offer from Cayman-based investor, tied to U.S. listing ambitions and $250 million debt financing.
Tanzanian billionaire Said Bakhresa to spend $500 million doubling soft-drink output
Bakhresa is pouring $500 million into his flagship soft‑drink plant in Mwandege, doubling capacity and boosting sourcing from 100,000 local farmers.