South African billionaire Michiel Le Roux rakes in $120 million, stake in Capitec surpasses $1-billion mark
This latest $120-million surge in Le Roux’s stake solidifies his position as one of Africa’s wealthiest individuals.
Billionaires Africa
Dangote’s throne as ‘richest Black person’ under threat as American billionaire keeps pace
The wealth gap between Aliko Dangote and Robert F. Smith has significantly decreased, raising the stakes in this high-profile competition.
Kenyan mogul Myke Rabar’s Homeboyz to divest 30-percent stake
Established in 1995 as a DJ outfit by Rabar, Homeboyz has become a prominent player in the entertainment scene in Kenya.
Breaking down borders: How single currency policies can empower African family businesses
Mutendi posits that a single currency policy focused primarily on trade will provide a range of benefits for family businesses doing business in Africa.
Flutterwave, led by billionaire Gbenga Agboola, inks technology agreement with Bill Gates’ Microsoft
Flutterwave, under Agboola’s visionary leadership, has emerged as a prominent player in the African tech ecosystem.
South African billionaires Patrice Motsepe, Johann Rupert score another rugby club takeover
A consortium linked to Motsepe and Rupert has purchased a 74-percent stake in the Boland Cavaliers.
Tanzanian billionaire Mohammed Dewji wins Industrialist of the Year Award
Dewji was named “Industrialist of the Year” at the All Africa Business Leaders Awards annual gala in South Africa on Friday.
The 10 most expensive homes in South Africa for sale
From the iconic Sandhurst to the exclusive suburbs of Bantry Bay and Clifton, these are the 10 most expensive homes for sale in South Africa in June 2023.
IBM to invest up to $5 billion in firm linked to America’s richest Black billionaire
Vista Equity Partners has established itself as a dominant force in the technology sector.
Cosmetics billionaire Rihanna steps down as CEO of Savage X Fenty, Hillary Super named new CEO
With Rihanna’s transition and the appointment of Hillary Super as CEO, Savage X Fenty is positioned for continued growth and success.
Angolan billionaire Isabel dos Santos accused by Dutch court of diverting $57.3 million
Accusations of corruption have long plagued dos Santos, including allegations that she and her husband siphoned $1 billion from state funds.
Nigerian tycoon Abdul Samad Rabiu falls out of Bloomberg Billionaires Index
Rabiu is no longer ranked on the Bloomberg Billionaires Index of the 500 richest people in the world.
Nigerian billionaire Aliko Dangote’s net worth dips below $10 billion
The net worth of Nigerian billionaire Aliko Dangote has dipped below the $10-billion mark, according to Forbes.
South African billionaire Ivan Glasenberg rakes in $310 million in just two weeks
This notable increase in Ivan Glasenberg’s net worth can be directly attributed to the recent performance of his 9 percent stake in Glencore.
American-Nigerian mogul Sam Darwish’s IHS consults JPMorgan amid standoff with MTN
IHS Holding, founded by Sam Darwish in 2001, remains the largest telecom infrastructure group in terms of tower count in Africa
Centum, controlled by heirs of late Kenyan tycoon Chris Kirubi halts plans to dilute stake in Two Rivers unit
Centum Investment Plc is controlled by Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire