Ahmed El-Sewedy’s electric company to aid Saudi Arabia in achieving net-zero emissions by 2050
El Sewedy Electric is a leading multinational cable and electrical equipment manufacturer.
Billionaires Africa
Algerian mogul Abderrahmane Benhamadi’s Condor sells Alver to French giant Castel Group
The sale is a strategic move to refocus the company on its core operations.
GB Corp emerges as cohesive entity, honoring legacy of late Egyptian tycoon Raouf Ghabbour
The rebranding efforts follow the passing of Ghabbour.
Nicky Oppenheimer’s net worth skyrockets by $200 million in just 21 days
Oppenheimer has seen his net worth soar from $8.03 billion at the start of the year to $8.23 billion.
Beyonce to pocket $24 million from private performance at Dubai’s Atlantis The Royal
Beyonce is one of the richest Black women in the world.
Mauritian tycoon Arnaud Lagesse’s IBL Group looks to expand in Kenya’s diverse industries
The Lagesse family owns 16.8 percent of IBL Group.
This Nigerian venture capitalist led his VC firm in raising $46 million in 2022
Kola Aina is a key player in the African venture capital space.
Cameroonian tycoon Paul Fokam’s Afriland partners with BGFI to co-finance CEMAC region projects
Fokam is one of Africa’s richest men, according to Forbes Afrique.
Four assets that make Egyptian billionaire Nassef Sawiris richest man in Arab world
Sawiris also owns a $135-million stake in English club Aston Villa.
Jimnah Mbaru loses $4 million in Britam Holdings shares in one year
Mbaru owns a 7.72-percent stake in Britam Holdings.
Hassanein Hiridjee-linked WeLight raises $20.5 million to deliver clean energy to 120 villages in Madagascar
As many as 45,000 households and businesses will be connected to the power grid.
South African mogul Zak Calisto’s Karooooo posts $26 million in earnings in 9M 2023
Calisto founded Karooooo in 2001.
More than 100 millionaires call for wealth tax to combat inequality
Oxfam revealed earlier this week that three of Nigeria’s richest men are worth more than 83 million Nigerians.
Dr. Dre sells Calabasas mansion for $6 million
The home boasts six bedrooms and seven baths.
Kenya’s richest families own more wealth than 22 million Kenyans combined
Kenya’s wealth gap is staggering.
Aliko Dangote is set to become Africa’s first $30-billion man
Dangote is the founder of Dangote Group.