Nigerian shipping tycoon Victor Odili’s stake in MTN Nigeria has slumped by $21.5 million within 48 hours
Odili is a former non-executive director of MTN Nigeria, one of Africa’s largest telecom providers.
Billionaires Africa
Egypt’s richest man Nassef Sawiris loses $300 million in one week
Sawiris’ stakes in Adidas and OCI have fallen in value below $1.9 billion and $2.6 billion.
Somali tycoon Abdirashid Duale receives recognition for supporting women’s entrepreneurship
Duale and Dahabshiil’s recent recognition comes after they received two Global Good Governance awards from Cambridge IFA.
Michael Jordan considers selling majority stake in billion-dollar Charlotte Hornets franchise
He is expected to maintain a minority ownership interest in the franchise.
African-American mogul Sean ‘Diddy’ Combs wants BET to be Black-owned again
Sean “Diddy” Combs emphasized the need for greater ownership, influence, and control by people of color in the media industry
Moroccan real estate mogul Alami Lazraq loses $4.3 million from stake in ADI
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of ADI.
Kenyan banker Gideon Muriuki’s Co-op Bank records nearly $170 million in profit in 2022
Co-operative Bank Group is a Nairobi-based financial services group.
Ethiopian billionaire Mohammed Al-Amoudi suffers $460-million setback following weeks of wealth gains
Al Amoudi’s stake in Preem has lost almost $700 million this year.
Ugandan tycoon Emmanuel Katongole’s CiplaQCIL set to sell majority stake to Africa Capitalworks
Katongole owns a 2.79-percent equity stake in the Uganda-based pharmaceutical company.
Tech billionaire Olugbenga Agboola’s Flutterwave secures electronic money issuer and remittance licenses in Rwanda
The licenses will enable the fintech firm to provide a more comprehensive range of financial services.
African-American comedy mogul Kevin Hart signs new deal with podcast company, SiriusXM
Hart’s Hartbeat will remain responsible for curating content for Laugh Out Loud Radio.
Meet 30-year-old Black-British entrepreneur who is investing $100 million in female-founded firms
Bartlett plans to invest $1 million to $10 million in at least 10 early-stage startups.
Nigerian businessman Atedo Peterside gains $1.9 million from stake in Stanbic IBTC
The increase solidifies his position as one of the richest investors on the Nigerian Exchange.
Ugandan tycoon Ham Serunjogi’s Chipper Cash is reportedly considering a sale
Chipper Cash is a cross-border payment platform co-founded by Serunjogi.
South African mogul Mark Lamberti’s Massmart provides solar energy financing options to customers
Massmart Holdings was founded by the prominent South African businessman more than 30 years ago.
Zimbabwean billionaire Strive Masiyiwa’s ADC inks 20-year solar energy deal with Distributed Power Africa
ADC is a carrier-neutral data center provider that is affiliated with Masiyiwa’s Cassava Technologies.