Ten of the richest businessmen in Ethiopia — most of whom you’ve likely never heard of
Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands.
Featured
Nigerian oil billionaire Mohammed Indimi acquires additional shares in Jaiz Bank for $8 million
Indimi is the chairman of Oriental Energy Resources, a privately held Nigerian oil exploration firm.
Meet Hamis Kiggundu, the 37-year-old entrepreneur who built a property empire in Uganda
Kiggundu is one of East Africa’s most revered young entrepreneurs and a real estate mogul of note.
South African mining magnate Quinton van der Burgh speaks on life, business and the future of fiat money
Van der Burgh is a serial entrepreneur, philanthropist and one of the wealthiest people in South Africa.
Said Alj-led Moroccan insurance company Saham Assurance posts $42.4 million in mid-year profits
Its mid-year profit grew by 469.4 percent compared to last year.
Led by wealthy Moroccan Tazi and Berrada families, Sothema posts $14.45 million in H1 profits
The Morocco-based pharmaceutical company specializes in medicine production and sales.
Venture capitalist Kola Aina appointed chairman of Lagos Angel Network
The outgoing LAN board has successfully mentored, advised and invested in over 100 Nigerian startups.
Billionaire Patrice Motsepe’s ARC Fund commits $13.2 million for Elandsfontein phosphate project
The loan will be used to enhance what could become South Africa’s second-largest source of phosphate rock.
Investors could have seen 228-percent gain by buying stake in Obafoluke Otudeko’s Honeywell Flour Mills
The Nigeria-based flour-milling business has proved to be a top performer on the Nigerian Exchange.
Pierre Guy Noel’s MCB Group posts $194.5 million in profit for 2021, 3.1-percent higher than last year
MCB Group is a financial service holding headquartered in Port Louis, the capital city of Mauritius.
Technopreneur Jeremy Johnson’s Andela attains unicorn status with new $200-million Series-E round
The round was led by Softbank Vision Fund-2, SoftBank Group’s $30-billion venture fund.
Kenyan banking mogul Jimnah Mbaru gains $2.5 million in 151 days from stake in Britam Holdings
Britam Holdings is a Kenya-based diversified financial services group listed on the Nairobi Stock exchange.
Moroccan tycoon Adil Douiri loses $763,100 in 27 days as Mutandis stock price declines
Mutandis is an industrial and commercial group focused on consumer goods in Morocco and Africa.
Meet the five wealthiest businessmen in Morocco
Morocco is part of an elite group of five countries that account for half of Africa’s total private wealth.
Investors could have ‘cashed in big’ by purchasing shares in Strive Masyiwa’s Econet in early 2021
Zimbabwean billionaire Strive Masiyiwa’s telecom outfit is a top-performing company in 2021.
Zimbabwean tycoon John Moxon earns nearly $2 million in less than two months from Meikles Limited
Meikles is a Zimbabwe-based conglomerate engaged in agriculture, hotels and retail trading.