Nigerian billionaire Abdul Samad Rabiu’s food conglomerate achieves milestone with $195-million profit
Rabiu and his son, Isyaku Naziru Rabiu, own 99.8 percent of BUA Foods.
Billionaires Africa
Ennakl Automobiles owned by Tunisia’s Ben Yedder family achieves record revenue in 2022
Ennakl Automobiles is a leading Tunis-based automobile company.
Meet Mohammed Dewji, Tanzania’s ‘King of Wealth,’ with $1.5-billion net worth
Dewji showcases his philanthropic spirit through his role as the founder and financier of the Mo Dewji Foundation.
Zimbabwean mogul Zed Koudounaris loses $4.7 million as Axia Corp shares plummet
Koudounaris is a Zimbabwean businessman and serial investor.
Kenyan banker James Mwangi’s Equity Group receives approval to acquire Spire Bank
Mwangi owns 3.38 percent of the financial services group.
Tunisian tycoon Abdelwaheb Ben Ayed’s Poulina Group surpasses $1.2 billion in revenue in 2022
Poulina Group is a Tunis-based conglomerate.
Meet Cameroonian entrepreneur who raised $2.7 million in seed funding for his startup in 2022
Waspito is a Douala-based health social networking platform.
Three assets that make Rihanna America’s youngest self-made billionaire
Rihanna’s success can be attributed to her flourishing cosmetics line, Fenty Beauty, her music career, and Savage X Fenty.
Disgraced South African Mogul Markus Jooste to face trial in Germany in April
Nearly two weeks ago, Jooste was served two fines totaling $882,000.
Nigerian billionaire heiress Bella Disu builds shopping mall in Lagos
Disu is the daughter of Nigerian billionaire Mike Adenuga.
U.S. billionaire Jeff Bezos’ cloud business AWS launches new Local Zones location in Lagos
AWS is a subsidiary of Amazon.com, Inc.
Botswana billionaire Ramachandran Ottapathu’s Choppies makes move to acquire Kamoso Africa
Choppies Enterprises is a Gaborone-based supermarket chain.
Zimbabwe’s richest man Strive Masiyiwa gains $700 million in 27 days
Masiyiwa owns 52.85 percent of Econet Zimbabwe.
Nigerian billionaire Femi Otedola’s Geregu Power surpasses $800-million market cap on NGX
Geregu Power is a power-generating company.
Patrice Motsepe-backed TymeBank targets 28 million customers via partnership with TFG
TymeBank is partly owned by Motsepe’s African Rainbow Capital (ARC) Financial Services Holding.
Egyptian billionaire Yasseen Mansour’s Palm Hills set to cut capital by $4 million
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.