Patrice Motsepe’s ARM stake value jumps $212.5 million thanks to success on JSE
ARM is South Africa’s first Black-owned mining company.
Billionaires Africa
Kenyan billionaire Shah family, other investors purchase Nairobi Business Park
The transaction’s value was not disclosed.
Femi Otedola’s Geregu Power gains $170.1 million following Afreximbank deal
Geregu Power is a major player in Nigeria’s power sector.
Meet Nigerian entrepreneur who secured $15 million to empower Africans to build wealth
Richmond Bassey is revolutionizing access to investment opportunities for Africans.
Black couple acquires property in North Carolina for $3.85 million
In 2019, the James family founded Duke Ventures.
Egypt’s richest man Nassef Sawiris purchases luxurious Beverly Hills mansion for $24 million
The Beverly Hills mansion is just one of Sawiris’ luxurious properties.
Kenyatta family’s equity wealth in banking giant skyrockets by $21 million in 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
Meet Zambian entrepreneur breaking barriers with Africa’s first card-issuing platform
Mlambo’s vision for Union54 is to scale its operations and improve access to financial services in Africa.
Dangote’s oil refinery set to transform African petroleum industry in 2023
The refinery will be closely watched by the global energy industry.
Egyptian businessman Hisham Talaat Moustafa’s TMG sets new sales record with $1.34 billion in 2022
The Talaat Moustafa family’s stake in TMG Holdings is now worth $364.4 million.
Eight of 10 wealthiest Black Americans too poor to make Forbes 400 list
This is a clear indication of the wealth gap that exists in the United States.
Eleven African billionaires face steep losses in 2022: What caused the decline?
Strive Masiyiwa experienced the steepest loss at $1.5 billion.
Egyptian businessmen Ahmed Ezz’s multimillion-dollar investments hit by depreciation
Ezz owns 60.7 percent of Ezz Steel.
Nigeria’s richest men, Dangote, Rabiu invest $1 billion in sugar production
The investments were made as part of the Nigeria Sugar Master Plan.
Ethiopia’s wealthiest man Mohammed Al-Amoudi experiences billion-dollar loss in 2022
Al-Amoudi remains one of the wealthiest individuals in Africa.
The four assets that make Nigerian billionaire Aliko Dangote Africa’s richest man
Dangote built his businesses through strategic acquisitions and organic growth.