Meet Namibia-based entrepreneur who secured $15 million in funding for his startup
David Akinin established JABU to improve Namibia’s inefficient supply chain and distribution channels.
Billionaires Africa
Kenyan multimillionaire banker James Mwangi sees $10.2-million loss in Equity Group stake
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Nigerian tycoon Benedict Peters’ firm fails to overturn Shell arbitration award
Aiteo is an integrated energy company.
Nicky Oppenheimer’s wealth rebounds, pushing year-to-date gains to $125 million
The bump in Oppenheimer’s wealth solidifies his position as one of Africa’s wealthiest billionaires.
Africa’s richest man Aliko Dangote awards 460 scholarships to students in Lagos State
Dangote Group is the continent’s most diversified manufacturing conglomerate.
Meet Egyptian tech entrepreneur who secured $20 million for his startup in October
Ahmed Sabbah is an Egyptian serial entrepreneur and co-founder of Swvl Holdings Corp.
Bank led by Morocco’s second-richest man to acquire shares in BTI Islamic Banking Group
Bank of Africa is a pan-African multinational banking conglomerate.
South African mogul Mark Lamberti’s Massmart to pay ex-workers $284 each in Kenya exit deal
Massmart was founded by Mark Lamberti more than three decades ago.
Nigeria’s second-richest man supports higher education with $12.3-million donation
Rabiu’s grant will provide a much-needed boost to higher education in Nigeria.
This 32-year-old entrepreneur recently raised $20 million to invest in women-owned businesses
Adesuwa Okunbo Rhodes is one of the youngest female private equity fund managers in Africa.
Swazi billionaire’s fortune sees unexpected $100-million recovery after major drop
The majority of Natie Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings.
Angola Supreme Court orders seizure of $1 billion in assets belonging to Isabel dos Santos
Dos Santos was once considered Africa’s wealthiest woman.
Billionaire Patrice Motsepe’s ARM faces $195-million lawsuit from Tanzania’s Pula
Motsepe owns a 39.7-percent stake in ARM.
South African exec David Hurwitz sells $3 million in shares in Transaction Capital
Hurwitz’s stake in Transaction Capital has decreased to 2,500,965 shares.
MTN Uganda takes hit, leading to $5-million loss for Uganda’s richest investor Charles Mbire
Mbire owns a 3.99-percent stake in MTN Uganda, or 894,494,705 shares.
Meet Ugandan-based entrepreneur who secured $30 million in funding for his startup this year
Prior to founding Asaak, Sattar worked as a data scientist at LendingHome.