Daughters of late Egyptian billionaire transfer $55.8 million in shares to family investment vehicle
The Khamis family owns a controlling interest of 56.58 percent in Oriental Weavers.
Billionaires Africa
South African billionaire Johann Rupert loses $300 million in December
The market value of Rupert’s stake in Richemont fell rom $7.71 billion to $7.54 billion in December alone.
Meet 39-year-old Nigerian entrepreneur who has raised $191.1 million so far for his startup
Ladi Delano is no stranger to success.
Coris Bank, headed by Burkinabe businessman Idrissa Nassa, opens new branch in Togo
Coris Bank is a leading force in the financial services industry.
TFG, led by South African tycoon Michael Lewis, acquires Street Fever to bolster footwear offerings
Lewis played a pivotal role in the growth and success of TFG.
Adidas struggles to sell $530 million worth of sneakers after cutting ties with Ye’s Yeezy brand
Ye’s net worth has declined by $1.6 billion since Adidas severed ties with Yeezy brand.
GB Auto, led by Egyptian Ghabbour family, sells stake in leasing business to Chimera
The Ghabbour family is well-known in the Egyptian business community.
Nairobi-based tech tycoon Kamal Budhabatti launches ride-hailing service in Ghana
During the launch, Budhabatti highlighted the company’s commitment to customer safety.
This 27-year-old Kenyan entrepreneur recently raised $3.7 million in funding for her startup
Jihan Abass is shaking up the East African insurance market.
NDLEA receives $1.1-million grant from Abdul Samad Rabiu to combat drug abuse in Nigeria
Rabiu said the grant was made in recognition of the many successes of the NDLEA.
French billionaire Vincent Bollore’s group completes sale of African logistics arm to MSC
Bollore derives most of his wealth from his interest in Bollore Group.
Meet Cameroonian entrepreneur who launched $10-million fund to support African tech startups
Eunice Ajim is a Cameroonian-American tech entrepreneur and serial investor.
Aliko Dangote’s fortune takes a hit: Africa’s richest man loses $200 million in December
Dangote derives most of his wealth from his 86-percent stake in Dangote Cement.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M lends $16.2 million in green loans to MSMEs
I&M Bank Group was founded by Kenyan tycoon Suresh Bhagwanji Shah in 1974.
Egyptian billionaire Naguib Sawiris eyes new investments in Pakistani markets
Sawiris is one of the richest billionaires in Africa and the second-richest man in Egypt.
This Nigerian-born NBA Player is youngest athlete on Forbes’ top 10 highest-paid list
Giannis Antetokounmpo is just 28 years old.