Africa’s richest man Aliko Dangote sustains $51.9-million loss in 24 hours after gaining $100 million
Dangote’s net worth stands at an astounding $19.6 billion.
Billionaires Africa
One of Kenya’s richest businessmen, James Mwangi loses $6.3 million as foreign investors dump Kenyan shares
Mwangi holds a substantial 3.38 percent stake in Equity Group.
Somali mogul Abdirashid Duale’s Dahabshiil spearheads fund mobilization for drought relief
Duale and Dahabshiil are leading efforts to assist those in need, while much of the attention is on foreign aid.
South African tycoon Jonathan Jawno’s Transaction Capital expects earnings to fall by 41 percent in H1 2023
Transaction Capital is a South African financial services group co-founded and led by Jawno.
Five months after parting ways with Adidas, Kanye West remains one of America’s richest Black people
Before his multi-year deal with Adidas to design the sneaker brand Yeezy was terminated, Kanye West had a net worth of $2 billion.
Nigerian insurance tycoon Wole Oshin’s Custodian Investment posts $25 million in profit in 2023
Custodian Investment is a prominent player in the Nigerian financial services sector.
America’s richest Black person Robert Smith’s net worth surpasses $12 billion
Smith’s Vista Equity boasts over $95 billion in assets and an annual return of 22 percent.
Nigerian banker Herbert Wigwe recoups $2.1 million after last week’s losses
Wigwe owns 4.51 percent of Access Holdings.
Australian billionaire Andrew Forrest’s firm doubles down on green manure projects in Kenya
Recent agreement could make Forrest richer and unlock gains for Kenya.
Kenya’s Moi family secures license to supply electricity from multimillion-dollar power plant
Kenya’s Moi family ranks second as the country’s largest landowner.
Nigerian billionaire Benedict Peters set to receive African Philanthropist Award in Rwanda
Peters has more than 30 years of successful business leadership experience.
Tymebank breaks new ground with 6.2 million customers thanks to Patrice Motsepe’s ARC support
TymeBank is owned in part by ARC Financial Services Holding, a Black-owned and -controlled company linked to Motsepe.
Moroccan businessman Hassane Amor loses $2.6 million from stake in Casablanca-based IT firm
Amor owns a 56.17-percent stake in the Casablanca-based IT services provider.
Meet Jesse Ghansah, Ghanaian entrepreneur who raised $17 million for his startup in 2022
Ghansah launched Float in 2020 to address African SMEs’ financing and cashflow issues.
Nigerian real estate mogul Paul Onwuanibe’s Landmark Africa secures $24 million funding from Shelter Afrique
Landmark Africa has extended exceptional services to more than 5,000 organizations.