Nigerian billionaire Femi Otedola’s Geregu Power gains $380 million in 37 days
The majority of the power-generating company is controlled by Otedola.
Billionaires Africa
Kenyan mogul John Kimani-linked Kakuzi gears up for showcase at Berlin’s global trade fair
Kimani owns a 32.3-percent stake in Kakuzi.
South African mogul Neal Froneman’s latest pursuit: Zambian copper mines
Froneman’s interest in Zambia’s copper mining assets represents a major opportunity for the country.
Keroche CEO Tabitha Karanja battles state capture in $112.80-million tax dispute
Keroche Breweries is one of the largest producers of alcoholic beverages in Kenya.
Led by South African exec July Ndlovu, Thungela Resources set to acquire mine in Australia
Ndlovu owns a minuscule yet lucrative 0.74-percent stake in Thungela Resources.
Antoine Delaporte’s Adenia Partners looks to acquire Kenyan restaurant chain, Java House
Adenia Partners is an African-focused private equity firm.
Kenyan businessman Paul Ndung’u ousted as SportPesa shareholder amid legal battle
Ndung’u and Asenath Wachera Maina each owned 17 and 21 percent of Pevans East Africa.
U.S. billionaire Robert F. Smith partners with Deepak Chopra to boost Black leadership
Smith is America’s richest Black man.
Meet 36-year-old Kenyan entrepreneur who recently secured $3 million for her startup
Wandia is the CEO of Kwara, a Kenyan-based online and mobile banking platform.
South African billionaire Nicky Oppenheimer gains $800 million in 36 days
Oppenheimer’s net worth has risen by $800 million since the start of the year.
Tunisian tycoon Abdelwaheb Ben Ayed has now lost $1.64 million since start of 2023
Ben Ayed owns a beneficial 3.4-percent stake in Poulina Group.
Lessons from Meghan Markle and Prince Harry’s story
On Dec. 8, 2022, the world woke up to the Netflix documentary, “Meghan Markle and Prince Harry.”
Jay-Z, Bacardi reach settlement in billion-dollar dispute
Bacardi has agreed to buy out the majority of Jay-Z’s 50-percent stake in D’Usse.
Algeria’s richest man Issad Rebrab has now lost $500 million so far in 2023
Rebrab is the founder of Cevital Group.
Herbert Wigwe’s Access Holdings’ quest for growth continues despite Sidian Bank deal collapse
Herbert Wigwe owns a 4.51-percent stake in Access Holdings.
Egyptian businessman Hassan Allam’s firm inks deal with Beko to build plant in Egypt
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.