7 pharma multimillionaires in Africa you should know
Meet seven African entrepreneurs who founded pharma companies worth at least $50 million.
Billionaires Africa
Algeria’s richest man Issad Rebrab banned from engaging in any business or management activity
Rebrab, former CEO of Cevital Group, was placed on May 18 under judicial control by the public prosecutor at the Sidi M’Hamed court.
Nigerian billionaire Femi Otedola pays tribute to legendary banker Subomi Balogun
Balogun, the doyen of investment banking in Nigeria, passed away in London last Friday at 89.
Bank linked to Tanzanian billionaire brothers eyes expansion into three African countries
The Rajabali brothers, considered two of Tanzania’s richest individuals, own a combined 2.6-percent stake in CRDB Bank.
Meet Joseph Rutakangwa, Tanzanian entrepreneur revolutionizing market intelligence in Africa
Rutakangwa’s entrepreneurial journey and the success of Rwazi highlight the transformative power of technology.
Kanye West faces $2-million lawsuit as Gap takes legal action
Gap’s lawsuit against West and his Yeezy brand focuses on unapproved alterations made to a rental property in Los Angeles.
Kenyan tycoon Narendra Raval’s Devki Group to build cement plant
Raval founded Devki Group in Nairobi in 1986 as a small steel-processing and trade enterprise.
South African businessman Barry Swartzberg’s stake in Discovery plummets by $20.6 million
Swartzberg owns a 3.92-percent stake in the Sandton-based financial services group.
Ethiopia’s richest man Mohammed Al-Amoudi loses $300 million in just four days
Al-Amoudi holds the 500th spot on the Bloomberg Billionaires Index, with a net worth of $5.05 billion.
South Africa’s richest man Johann Rupert’s net worth declines by $800 million in 11 days
Rupert has seen his net worth slide by $800 million amid Richemont’s share slump.
Uganda’s richest investor Charles Mbire loses $3.6 million as MTN Uganda shares slide
Mbire, the wealthiest investor on the Uganda Stock Exchange. loses $3.6 million as MTN Uganda’s stock price takes a hit.
Mike Adenuga’s Conoil reports record $6.5 million profit in Q1 2023
Adenuga controls a majority stake of 74.4 percent in Conoil.
Egyptian banker Karim Awad drives EFG Hermes to success: Q1 profits exceed $30 million
The group’s impressive financial performance underscores its position as a leading financial institution in the region.
Jit Bhattacharya’s BasiGo to roll out 16 EV charging stations in Nairobi
The announcement was made during the launch of the firm’s first-ever public charging station in Nairobi.
Kenya’s Ndegwa family overtakes Kenyattas, takes center stage as NCBA’s top shareholder
The Ndegwa family has strengthens its position in NCBA Group.
Nigerian billionaire Abdul Samad Rabiu rockets to prominence on Bloomberg’s billionaires’ list
Rabiu joins Bloomberg’s billionaires’ list, showcasing Africa’s rising business leaders.