South African tycoon Zak Calisto to receive $17.3-million in dividends from Karooooo
Calisto is the founder of Karooooo, a company that provides real-time mobility data analytics solutions for smart transportation.
Billionaires Africa
Nigerian oil tycoon Tein Jack-Rich awarded license to build crude oil export terminal
Jack-Rich is the founder of Belema oil Producing Limited, one of Nigeria’s leading indigenous oil exploration and production companies.
Flutterwave, led by tech billionaire Gbenga Agboola, suffers setback as court freezes 45 bank accounts
Flutterwave is widely recognized as Africa’s most valuable tech startup.
Meet Janice Bryant Howroyd, the first Black woman to own a billion-dollar company
Howroyd has amassed a net worth of $600 million, making her the fourth-richest Black woman in America.
South Africa’s second-richest man Nicky Oppenheimer gains $120 million in 19 days
The recent increase in Oppenheimer’s net worth can be attributed to the performance of his private equity investments.
South African tycoon Sipho Maseko hits roadblock as Telkom rejects latest bid
Last week, Maseko supported by the Public Investment Corporation, presented a bold bid to acquire a 35-percent stake in Telkom.
Nigeria’s richest banker Jim Ovia rakes in $30 million in just one day
Ovia rakes in $30 million in just one day as Zenith’s market cap surges past $1.85 billion.
Tony Elumelu’s wife, Awele, purchases 7.3 million new Transcorp shares
Awele Elumelu’s prominence extends beyond her investments, as she has made significant contributions to the healthcare sector.
South African billionaire Christo Wiese secures green light for lawsuit to reclaim wine estate
This approval comes nearly two years after Wiese initiated legal proceedings against the disgraced tycoon.
Tyler Perry seals blockbuster deal to acquire $3-billion BET business
With a net worth of $1 billion, Perry emerged as the frontrunner in a competitive bidding war for the coveted cable network.
Kenyan entrepreneur Peter Njonjo’s Twiga Foods fires 130 sales agents
According to Peter Njonjo, the decision to part ways with the agents was made to ensure the company’s continued growth and success.
South African billionaire Stephen Saad rakes in $132 million as Aspen shares skyrocket
With a net worth of $1.2 billion, Saad’s 12.5-percent stake in Aspen Pharmacare accounts for a significant portion of his wealth.
Hitesh Anadkat, one of Malawi’s richest men, amasses $91.8 million in 2023 from FMB Capital stake
Since the start of this year, Anadkat has amassed over $90 million through his shares in FMB Capital.
Meet Sudanese-American entrepreneur, Iman Abuzeid: Fourth Black woman to build a billion-dollar company
Abuzeid’s interest in Incredible Health has propelled her net worth to $350 million, making her one of America’s richest Black women.
Kings of booze: 7 African tycoons who made a fortune in alcohol
Meet seven extremely successful African tycoons, who have built multimillion-dollar fortunes by manufacturing and distributing alcoholic beverages.
Tanzanian multimillionaire Said Bakhresa lists Zanzibar mansion for $12 million
Bakhresa is the founder of Tanzanian conglomerate, Bakhresa Group.