Duncan Wanblad-led Anglo American gets nod to spin off platinum unit
Anglo American has won shareholder approval to spin off its platinum arm, Valterra Platinum, effective May 31, 2025, as part of a major restructuring.
Billionaires Africa
Karl Toriola-led MTN Nigeria posts $658 million revenue in Q1 2025
The surge in revenue was fueled by robust demand across voice, data, fintech, and digital services, with particularly strong performance in its data and voice segments.
Before the billions, Aliko Dangote was Nigeria’s rising trading magnate
Before Aliko Dangote became Africa’s richest man, he quietly built a trading empire in Nigeria, mastering supply chains and laying his industrial legacy.
Zenith Bank pays Jim Ovia $12.7 million in dividends
Jim Ovia takes home $12.7 million in dividends as Zenith Bank delivers record profits and boosts shareholder payouts.
Nigeria’s central bank fines Paystack, co-founded by Shola Akinlade
CBN fines Paystack N250 million ($0.19 million) for allegedly running a wallet service via its Zap app, breaching its switching and processing license.
Natie Kirsh may rethink $1.2 billion takeover after rival stake purchase
In April, Kirsh, through his family office Ki Corporation, teamed up with Public Storage to bid for Abacus Storage King.
Palantir CEO back among Black billionaires worth over $10 billion
Alex Karp’s net worth rebounds to $10.7 billion as Palantir stock surges over 37% in April, regaining his spot among top Black billionaires.
Craig Arnold, one of America’s Black CEOs, gains $32 million from Eaton’s shares
This uptick follows a notable decline in March, when Arnold’s stake dropped by $28.9 million, briefly reducing its market value to $201.88 million.
15 companies owned by Nigerian tycoon Emeka Offor
Emeka Offor's empire spans key sectors like oil, gas, power, logistics, and media, driving Nigeria’s economic development and creating lasting industry impact.
Beyoncé kicks off Cowboy Carter tour following $579 million Renaissance tour
Beyoncé integrates premium whisky brand, SirDavis, into tour branding, expanding her billion-dollar empire.
Jim Ovia’s stake in Zenith Bank rebounds above $150 million
Recent stock gains have boosted Ovia’s stake by $12 million, raising its value from $139.59 million to $151.48 million.
Africa’s richest man Aliko Dangote’s jet could fetch up to $78 million
The 2020 Bombardier Global 7500 stands as the epitome of modern business aviation, known for its outstanding range, sleek design, and unrivaled comfort.
Reinet, led by Johann Rupert, posts $7.9 billion in net assets
Reinet, led by Johann Rupert, posts $7.89 billion in net assets as it shifts away from tobacco and toward diversified, long-term investment growth.
Sue Nabi, Algerian-born French beauty mogul, loses $21 million from Coty
This is linked to the recent decline in Coty’s share price on the New York Stock Exchange.
Nigerian businesswoman arrested over alleged $150 million fraud
Her lawyer, Chikaosolu Ojukwu, confirmed the arrest, stating Aisha Achimugu voluntarily returned from London and was detained by EFCC operatives at 5 a.m.
Africa’s richest man Aliko Dangote lists another private jet for sale
Aliko Dangote is selling his 2020 Bombardier Global 7500, a high-end private jet with 1,527 flight hours and 487 landings.