Africa’s richest man Aliko Dangote bounces back with $400-million single-day surge after $300-million setback
Dangote is the founder and chairman of Dangote Group.
Billionaires Africa
Led by Kenya’s richest families, NCBA Group beats profit expectations, rakes in over $100 million
NCBA Group is a financial services conglomerate controlled by some of Kenya’s wealthiest families.
Nigerian billionaire Theophilus Danjuma loses bid to acquire Angolan oil block
Danjuma is the founder of SAPETRO.
7 companies owned by Tanzanian billionaire Rostam Aziz
Aziz is one of the richest businessmen in East Africa.
Nigerian entrepreneur Tosin Eniolorunda leads $3-million investment in fintech startup, Payday
Moniepoint Inc. is a financial software company.
Kenyan multimillionaire banker James Mwangi to pocket $3.87 million in dividends from Equity Group
Mwangi holds a 3.38-percent stake in Equity Group.
South African defense tycoon Ivor Ichikowitz’s Paramount to make helicopter blades
Paramount Group was founded by Ichikowitz in South Africa in 1994.
South African tycoon Zunaid Moti steps down from business empire over fraud charges
Moti is the founder of Moti Group, a large South African conglomerate.
LeBron James scores big: Net worth soars past $1 billion with $150-million gain in 2023
James is one of the world’s wealthiest Black individuals.
Swazi billionaire Natie Kirsh bounces back with $230 million gain after early 2023 losses
Kirsh also owns 54 percent of Sydney-based Abacus Property Group.
Nigerian oil tycoon Adewale Tinubu’s Oando rebounds from losses, profit soars above $75 million
Oando is a Nigerian integrated energy solutions provider.
Nigerian banking magnate Jim Ovia’s Zenith Bank posts $486.4 million in profit in 2022
Ovia owns a substantial 16.2-percent stake in Zenith Bank.
Nigerian billionaire Femi Otedola urges incoming gov’t to fix electrcity transmission
Otedola is the chairman of Geregu Power Plc, a publicly traded power generating company.
Nigerian businessmen Kola Aluko, Jide Omokore forfeit $53 million to U.S. Justice Department
Aluko and Omokore paid bribes to Nigeria’s former petroleum minister to corner juicy contracts.
Nigerian tech entrepreneur Shola Akinlade buys European football club one year after launching club in Lagos
Akinlade is now the majority owner of Aarhus Fremad.
South African executive Alan Pullinger loses $1.8 million from investment in FirstRand
Pullinger holds a 0.1-percent stake in the Gauteng-based financial services provider.