Dangote’s oil refinery set to transform African petroleum industry in 2023
The refinery will be closely watched by the global energy industry.
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Eleven African billionaires face steep losses in 2022: What caused the decline?
Strive Masiyiwa experienced the steepest loss at $1.5 billion.
Three African billionaires defy global economic challenges with increase in net worth
Three African billionaires managed to buck the trend.
Snoop Dogg launches cannabis brand
The brand will operate as a subsidiary of Death Row Records.
Ethiopia’s wealthiest man Mohammed Al-Amoudi experiences billion-dollar loss in 2022
Al-Amoudi remains one of the wealthiest individuals in Africa.
The four assets that make Nigerian billionaire Aliko Dangote Africa’s richest man
Dangote built his businesses through strategic acquisitions and organic growth.
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.
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.
Afreximbank’s FEDA acquires minority stake in Femi Otedola’s Geregu Power
Afreximbank’s Fund for Export Development in Africa will acquire a minority stake in Geregu Power.
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.
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.
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.