Cosmetics billionaire Rihanna to launch skincare brand Fenty Beauty into Africa
Rihanna is the 1,729th richest person in the world.
Billionaires Africa
Wealthy Egyptian Khamis family loses $25.2 million from stake in Oriental Weavers
The family is set to earn $23.9 million in final dividends from their stake in the leading carpet manufacturer.
What African billionaires can learn from Russian billionaire about securing a second passport long before a crisis
Freedom and peace of mind knowing that a Plan B is in place.
South African exec Nonkululeko Nyembezi becomes first Black woman to chair Standard Bank
Nyembezi is a seasoned South African corporate leader.
South African executive Andre Joubert sells $1.33 million in shares in leading miner, ARM
Joubert has been the CEO of ARM’s Ferrous Division since July 2012.
Wealthy Kenyatta family gains $3.1 million in six days from stake in NCBA Group
NCBA Group shares have soared in value in recent days.
South African billionaire Patrice Motsepe-linked Sanlam finalizes UK divestment
The divestment is consistent with the group’s strategy to simplify its UK operations.
Egypt’s richest man Nassef Sawiris now wealthier than Henry Samueli; net worth over $7.25 billion
The billionaire’s net worth has risen by $738 million since the start of the year.
Egyptian entrepreneur Islam Shawky’s Paymob raises $50 million in round led by PayPal Ventures
Paymob’s total funding since its inception seven years ago is more than $68.5 million.
Abdul Samad Rabiu’s BUA Foods acquires shipping vessels to drive West African sugar exports
The new vessel will depart and berth at BUA’s port and terminal.
Kenyan Ndegwa family transfers $14.7 million in NCBA Group shares to family firm
NCBA Group was formed through the merger of NIC Bank Group and Commercial Bank of Africa Group.
Moroccan tycoon Adil Douiri’s Mutandis posts $42 million in revenue in Q1 2022
The market value of Douiri’s 6.88-percent interest in Mutandis is assessed at $15.36 million.
Investors looking to acquire Aliko Dangote’s cement firm must make at least $13-billion offer
His 86-percent stake in Dangote Cement is valued at $10.3 billion.
Tech and the future of African business
Growth in Africa’s tech sector has been stratospheric in recent times.
Ethiopian billionaire Mohammed Al-Amoudi falls from world’s 367th to 406th richest man
His net worth fell after Preem, Sweden’s largest oil refiner, reported a 31-percent drop in revenue.
Nigerian lawyer Tola Onayemi’s Norebase raises $1 million in pre-seed funding
Onayemi founded Norebase in 2019.