America’s richest Black billionaire Robert F. Smith’s firm sells Apptio to IBM for $4.6 billion
Vista Equity Partners has rapidly emerged as a dominant force in the technology sector.
Billionaires Africa
South Africa’s second-richest man Nicky Oppenheimer surpasses $9-billion net worth
Oppenheimer’s net worth has surpassed $9 billion, as he joins the list of billionaires with impressive wealth gains this year.
Nigerian multi-award-winning artist Davido to rake in over $20 million in 2023
Having graced the cover of Forbes Under 30 Africa, Davido headlined the prestigious 30 Under 30 Africa Summit in Gaborone earlier this year.
Nigerian banker Herbert Wigwe bolsters stakes in Access Holdings with $1-million share purchase
Wigwe’s 9.09-percent stake in Access Holdings is valued at $67 million, cementing his status as one of Nigeria’s richest businessmen.
Pick ‘n Pay, led by South African Ackerman family, bolsters fresh meat selection through Tomis Group acquisition
The deal will enable Pick ‘n Pay to expand its operations and bolster its earnings and revenue.
South African billionaire Christo Wiese’s Invicta stake skyrockets, nearing $30 million
Wiese owns a substantial 19.23-percent stake in Invicta Holdings.
Reviving ancient traditions: How African family businesses are harnessing cultural roots and trade routes to thrive under ACFTA
Mutendi offers some key factors to consider when developing a model framework for African family businesses in line with the ACFTA.
Kenyan tycoon Baloobhai Patel boosts bank holdings with 5 million shares in Absa Kenya
Patel’s stake in Absa Bank Kenya has risen from 42.5 million shares to 47.5 million shares.
Ghana’s richest investor Daniel Ofori faces tough time as stake in Societe Generale slumps by $2.4 million
Ofori remains the richest investor on the Ghana Stock Exchange and one of the wealthiest businessmen in the country.
America’s richest Black billionaire Robert F. Smith adds $100 million to fortune
According to the Bloomberg Billionaires Index,Smith holds the 151st position among the world’s wealthiest individuals.
Diageo ends ties with Sean ‘Diddy’ Combs amid lawsuit alleging discrimination
Diageo expressed profound disappointment in Combs for bringing forth what they deemed a bad faith lawsuit.
Late Kenyan tycoon Naushad Merali’s family’s stake in Sasini Tea surpasses $30-million mark
With their remarkable gains in the stock market and increased profitability, the Merali family continues strengthening their financial standing.
South African tycoon Neal Froneman anticipates Mopani Copper bid outcome in September
Froneman has revealed that Sibanye-Stilwater is two months away from finalizing the offer to acquire Zambia’s Mopani Copper Mines.
Naspers, led by South African billionaire Koos Bekker, faces setback as profits slump below $10 billion
The majority of Bekker’s fortune stems from his 0.85-percent stake in Naspers and another 0.72-percent stake in Prosus.
Tanzanian billionaire Rostam Aziz unveils $100-million deal for Zambia’s first LPG facility
In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
South African tycoon Jonathan Jawno’s Transaction Capital faces $1.1-billion market cap plunge in 2023
Jawno owns a significant 9.59-percent stake in Transaction Capital, or 72,667,000 ordinary shares.