South African tycoon Barry Swartzberg’s stake in Discovery soars, gaining $18 million in 40 days
Swartzberg owns a 3.92-percent stake in the company, solidifying his position among South Africa’s most influential executives.
Billionaires Africa
Nigerian billionaire Benedict Peters to meet Zimbabwean state officials over platinum project delays
Peters’ visionary leadership has contributed to the growth and development of Africa’s petroleum sector, and his achievements have been widely recognized.
The Richest Five: Meet the five African billionaires with a net worth of more than $5 billion
Six African billionaires boasted a net worth of over $5 billion at the start of 2023. However, only five individuals currently maintain this status.
Cameroonian billionaire Samuel Foyou’s brewery suspends staff over poor sales
Cameroonian tycoon Samuel Foyou, who is one of the country’s richest men, established Brasaf in 2014 and also owns Fermencam, a distillery.
Africa’s richest list reshuffled amid devaluations: Nigerian billionaires suffer, South African billionaires thrive
While South African billionaires enjoyed substantial gains from their well-diversified portfolios, their Nigerian counterparts bore the brunt of devaluations.
Founded by Nairobi-based entrepreneur, startup bags $20 million in funding from UK investor
MyDawa, under Nairobi-based entrepreneur O’Leary, has evolved from an e-pharmacy to an all-in-one health platform.
Nigerian tech tycoon Leo Stan Ekeh to invest $250 million in renewable energy across Africa
Ekeh emphasized that the investment aims to expand access to competitive and climate-friendly electricity supplies in Nigeria.
Remgro, controlled by Africa’s richest man, increases stake in Heineken
Rupert, Africa’s wealthiest individual, holds a 6.87-percent stake in Remgro, valued at more than $357.2 million.
Absa Kenya linked to Kenyan tycoon Baloobhai Patel secures $50-million loan from parent firm
Patel, who is known for his investments in various sectors, holds a significant stake in Absa Bank Kenya.
South African billionaire Laurie Dippenaar sees $45.6-million surge in FirstRand stake in 46 days
Dippenaar owns a 1.76-percent stake in FirstRand, which translates to 98,726,988 shares.
Ethiopia’s richest man Mohammed Al-Amoudi drops off Bloomberg’s richest list
Despite the decrease in his net worth, Al-Amoudi remains a prominent figure in the Middle East and Africa.
Nigerian billionaire Benedict Peters eyes lithium deposit in Zimbabwe
Peters made headlines in 2019 when he embarked on a platinum mining venture in Zimbabwe.
7 assets owned by South African furniture tycoon Eric Ellerine
After South African furniture retail tycoon Eric Ellerine sold off his shares in Ellerines, he established his family office that invests in malls, private equity and listed equities.
America’s second-richest Black man David Steward gains $490 million in 36 days
The recent surge in Steward’s fortune can be attributed to the impressive performance of his holdings in World Wide Technology.
Startup led by Kenya-born American entrepreneur secures $40 million to build Sub-Saharan Africa’s largest mini-grid
This will enable Nuru, under the leadership of Shaw, to undertake ambitious new projects.
America’s seventh-richest Black woman Emma Grede’s Good American launches first-ever store in LA
The grand opening of Good American’s flagship store over the weekend saw Grede and Khloe Kardashian cutting the ribbon.