Moroccan tycoon Lamia Tazi gains nearly $4.2 million in 155 days
Tazi is the chairperson and CEO of Sothema.
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Kanye West agrees to buy social networking platform Parler
Last week, Twitter Inc. removed an anti-Semitic post from Ye’s account.
Avalara shareholders approve $8.4-billion deal with Robert Smith’s Vista Equity
Vista Equity Partners is a leading global investment firm led by America’s richest Black person, Robert Smith.
South Africa’s richest billionaires Rupert, Oppenheimer $3.58-billion poorer than year ago
Rupert and Oppenheimer remain the two wealthiest billionaires in South Africa.
Malagasy businessman Hassanein Hiridjee’s AXIAN Group launches renewable energy subsidiary, NEA
AXIAN Group is a Malagasy-based pan-African conglomerate.
Ugandan tycoon Sudhir Ruparelia-linked Crane Bank loses $212.5 million against dfcu Bank
Ruparelia had a $1.1-billion net worth in 2012.
Nigerian billionaire Mike Adenuga’s Globacom launches payment service bank
Globacom is Nigeria’s second largest mobile telecom company.
Nigerian billionaire Femi Otedola’s Geregu Power posts $47 million in profit in 2021
Geregu Power is 80-percent owned by Otedola.
Kenyan tycoon Suresh Bhagwanji Shah loses over $6.2 million since start of 2022
Since its founding by Shah in 1974, I&M Group has expanded its operations to other East African countries.
Zimbabwean billionaire Strive Masiyiwa’s net worth slumps by $3.1 billion in 162 days
Masiyiwa is Zimbabwe’s wealthiest man.
Egyptian mogul Safwan Thabet loses $39 million in 139 days from stake in Juhayna
Thabet owns 50.07 percent of the Egyptian-based consumer goods producer.
Egyptian tycoon Hend El-Sherbini’s IDH launches sixth Al-Borg Scan branch in Cairo
El-Sherbini controls a 26.1-percent stake in the group.
South African-born billionaire Patrick Soon-Shiong’s year-to-date wealth loss exceeds $1.1 billion
Soon-Shiong remains one of the richest businessmen in the world.
Senegalese-born TikToker Khaby Lame becomes Qatar Nat’l Bank’s World Cup ambassador
Lame has over 150 million TikTok followers.
Tanzanian billionaire Mohammed Dewji says food insecurity is Africa’s biggest threat
The billionaire believes that drastic measures are required to ensure food security on the continent.
Egyptian billionaire Naguib Sawiris confirms no current plans to list Ora Development on EGX
In the last two years, Sawiris’ net worth has grown by $400 million.