Nigerian billionaire Abdul Samad Rabiu raises $500 million to boost cement production
Rabiu’s company, BUA Cement, will develop two new, energy-efficient cement production lines at its plant in Sokoto State.
Billionaires Africa
Robert L. Johnson, world’s first Black billionaire, snaps up $20-million Palm Beach mansion
In 2001, Johnson made history by selling BET to Viacom for an astonishing $3 billion, becoming the world’s first Black billionaire.
Egyptian tycoon Ashraf Sabry’s Fawry partners with WFP to boost financial services in Egypt
Under the leadership of Sabry, Fawry reported a consolidated profit of $4.6 million in the first quarter of 2023.
South African billionaire Koos Bekker loses $26.4 million as Naspers shares decline
Bekker is one of the richest businessmen in South Africa and the entire African continent.
Nigerian venture capitalist Adeyemi Ajao named to Forbes Midas List
Ajao, founder and managing partner of Base10 Partners, is the first Black person to make the Forbes Midas List.
MTN Nigeria CFO Modupe Kadri boosts stake with additional 1,031,000 shares
Kadri assumed the role of CFO in March 2020 after an extensive tenure at MTN Nigeria, which began in 2007.
The 9 richest Black women in America in 2023
From media mogul and entertainers to sport icons and software developers, meet the nine richest Black women in America in 2023.
Led by Egyptian exec Pakinam Kafafi, TAQA Arabia to list more than 1 billion shares on EGX
Under Kafafi, TAQA Arabia has experienced remarkable growth.
Meet Ursula Burns: The first Black woman CEO of a Fortune 500 company
Burns has left an indelible mark on the corporate landscape.
Kenyattas, Kenya’s leading landowners, rake in $9.8 million in three weeks from NCBA stake
The Kenyatta family owns an impressive 13.2-percent stake in NCBA Group, or 217,497,023 ordinary shares.
African billionaires and presidents gather in Abidjan for The Africa CEO Forum
The Africa CEO Forum aims to define an African response to global crises.
Seven assets owned by Kenyan billionaire Humphrey Kariuki
Kariuki is one of the richest men in Kenya with businesses in real estate and hospitality, energy, beverages and infrastructure.
Beyonce’s net worth surges past half-a-billion mark despite Adidas partnership fallout
In a display of joint financial prowess, Beyonce and her husband Shawn “Jay-Z” Carter have jointly amassed a fortune of $3.04 billion.
South Africa’s Ackerman family suffers $157-million loss from Pick ‘n Pay stake
Despite this setback, the Ackerman family remains among the country’s richest families and top investors on the local bourse.
Nigerian billionaire Femi Otedola to pocket $2.17-million dividend from FBNH
Earlier this year, Otedola received an additional $33 million from his power-generating company, Geregu Power.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Bank bolsters Ugandan unit with $5.92-million investment
I&M Bank Group is a prominent financial services conglomerate founded by Shah.