Ethiopia’s wealthiest man Mohammed Al-Amoudi gains $111 million in 34 days
Al-Amoudi is worth $5.57 billion, making him the 470th richest man in the world.
Billionaires Africa
South African exec Mike Teke’s Seriti Resources to begin 155-MW wind farm construction
Seriti Resources Holdings is a leading coal company.
Egyptian mogul Hend El-Sherbini’s IDH reverses acquisition of stake in Pakistani diagnostics firm
Integrated Diagnostics Holdings is a renowned healthcare services provider.
Sasini, controlled by family of late Kenyan tycoon, aims for growth after reaching $10-million profit milestone
The late Kenyan tycoon Naushad Merali’s family owns a 65.46-percent stake in Sasini Tea.
Kenyan banker James Mwangi’s Equity to revamp Spire Bank’s loan portfolio
Mwangi has been instrumental in driving the Equity Group’s growth and success, implementing a range of initiatives and programs.
A $100,000 investment in Femi Otedola’s Geregu Power four months ago is now worth $219,000
Geregu Power is a top-performing power-generating company.
U.S. Black billionaire Robert Smith’s Vista takes over KnowBe4 in cash deal
Smith is a successful private equity investor and philanthropist, who has been ranked among the top 100 richest people in the world.
Aliko Dangote’s cement company, Sinoma join forces to build groundbreaking cement plant
Aliko Dangote is the founder and chairman of Dangote Group, a leading conglomerate with interests in various sectors.
Here are Africa’s 19 billionaires according to Forbes’ latest billionaires list
While the number of African billionaires rose from 18 to 19, their collective wealth took a hit.
South African billionaire Koos Bekker gains $200 million amid tech stock frenzy
Bekker is the driving force behind Naspers and Prosus.
Rolaco boosts interest in Egyptian tycoon Khaled Mahmoud’s group with 1.46 million shares
MM Group has successfully expanded its distribution network to cover more than 40,000 points of sale in Egypt.
Pope Francis to foreign powers: ‘Stop choking Africa!’
The pope’s Africa tour has received significant media attention all around the globe.
Greek Mogul John Coumantaros’ Flour Mills reaches milestone with $2.41-billion revenue
Coumantaros holds a significant 63.34-percent stake in Flour Mills.
Bank of Nevis International becomes first Caribbean bank to launch tookitaki anti-money laundering tech
BONI joins other leading global banks to deploy next-generation AML technology.
Belarusian leader concludes visit to Zimbabwe
Belarus is attempting to expand its partnership base amid increasing global isolation.
Egyptian entrepreneur Mounir Nakhla’s MNT-Halan reaches $1-billion valuation in funding round
Under Nakhla, the fintech startup made strides in expanding its portfolio in 2022 with the strategic acquisition of Talabeyah.