Aliko Dangote’s group charts bold plan to make Nigeria self-sufficient in vital industries
Dangote commits $700 million to expand sugar business, boost sugar sufficiency in Nigeria.
Billionaires Africa
Nigerian tech entrepreneur Favor Ori’s PayDay continues rapid expansion with Kenya launch
PayDay is a fintech startup that facilitates global money transfers for Africans.
Contractor drags Nigerian billionaire Mike Adenuga’s firm to court over alleged $775,000 debt
This follows allegations made against Conoil in March 2022 by a group of local oil contractors.
Wealth disparity in Africa: Only 138,400 Africans are worth more than $1 million of 1.4 billion people
This highlights the significant wealth gap that exists in Africa, where a privileged minority holds a disproportionate amount of wealth.
Zimbabwean billionaire Strive Masiyiwa’s Liquid opens cybersecurity center in Zambia
Liquid C2 operates as a subsidiary of Zimbabwean billionaire Strive Masiyiwa’s Liquid Intelligent Technologies.
PalmCI, led by Ivorian Billon family, makes waves with $280 million market cap milestone
Palm Cote d’Ivoire SA is an agro-allied company based in Cote d’Ivoire.
OneTech share dip costs Tunisian businessman Moncef Sellami $2.6 million
Sellami holds a significant 25.4-percent stake in the Tunis-based semiconductor supplier.
South African billionaire Johann Rupert’s Richemont takes on luxury theft
Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.
Led by Africa’s richest man, Dangote Industries completes $650-million bond listing
The listing is the largest issuance of local currency bonds on the capital market so far this year.
South African billionaire Koos Bekker sells off Prosus shares worth $190 million
Bekker is chairman of media giants Naspers and Prosus.
Nigerian oil tycoon Wale Tinubu makes bold move: Investment firm launches bid to take Oando private
In November 2005, Oando shares were listed on the JSE.
Egyptian businessman Hani Berzi’s Edita posts $17.1 million in profit in 2022
Berzi owns a 41.95-percent stake in the packaged food manufacturer.
Led by Mauritian mogul Arnaud Lagesse, IBL Group acquires stake in Equator Energy
Lagesse is CEO of IBL Group, one of the largest conglomerates in Mauritius.
Ghanaian Shipping tycoon Daniel McKorley’s salt company fingered in electricity theft
Electrochem Ghana Limited is a subsidiary of McKorley’s McDan Group.
Tony Elumelu’s Transcorp delivers big returns: Shareholders to receive $4.41-million dividend payout
Elumelu holds a total of 840,632,956 ordinary shares in Transcorp.
America’s richest black person Robert Smith’s firm targets $500 million from event management platform sale
Smith is worth $12 billion, making him the richest Black person in the United States.