Ethiopian billionaire Mohammed Al-Amoudi suffers $460-million setback following weeks of wealth gains
Al Amoudi’s stake in Preem has lost almost $700 million this year.
Horn of Africa
Somali businessman Jibril Hassan Mohamed’s Premier Bank to acquire struggling Kenyan lender, FCB
Premier Bank is a privately owned commercial bank that adheres to Sharia law.
Ethiopian billionaire Mohammed Al-Amoudi’s net worth soars by $161 million
Al-Amoudi is worth $5.62 billion at the time of writing.
Somali tycoon Abdirashid Duale sends aid to Turkey-Syria earthquake victims as death toll crosses 44,000
Duale is recognized for his charitable contributions and support of vulnerable Somalis.
Sudanese-British billionaire Mo Ibrahim’s net worth surges by $100 million
Ibrahim holds the distinction of being both a Black British billionaire and the wealthiest Sudanese businessman.
Ethiopian entrepreneur Dawit Abraham sells board game to Cape Town-based gaming startup
Qene Games is a game development studio.
Somali mogul Ismail Ahmed shocks industry as Zepz surpasses $800 million in funding
Zepz has continued to thrive, with its total funding increasing from $699.7 million to $800 million in two years.
Ethiopia’s wealthiest man Mohammed Al-Amoudi gains $111 million in 34 days
Al-Amoudi is worth $5.57 billion, making him the 470th richest man in the world.
Forbes list reveals 19 African billionaires, up from 18, despite $3.1-billion wealth dip
African billionaires continue to symbolize the continent’s economic growth.
Ethiopia’s wealthiest man Mohammed Al-Amoudi experiences billion-dollar loss in 2022
Al-Amoudi remains one of the wealthiest individuals in Africa.
Ethiopia’s richest man Mohammed Al-Amoudi gains $420 million in 11 weeks
Al-Amoudi is now ranked 443rd on the Bloomberg Billionaires Index.
Aliko Dangote’s Dangote Cement has invested more than $90 million in its Ethiopian unit
Its $90-million investment in Ethiopia has helped solidify its position in the country.
Ethiopian billionaire Mohammed Al-Amoudi gains $340 million in 51 days
Al-Amoudi derives the majority of his wealth from Preem, Sweden’s largest oil refiner, and Svenska.
Somali tycoon Abdirashid Duale’s Dahabshiil donates $500,000 to families affected by Mogadishu bombing
Duale is known for his charitable donations and habit of assisting Somalis in times of need.
Ethiopian billionaire Mohammed Al-Amoudi gains $130 million in 30 days
Al-Amoudi derives the majority of his fortune from Preem and Svenska Petroleum Exploration.
Somali tycoon Ismail Ahmed’s Zepz to end 2022 in profit
Zepz reported a loss of $151 million at the end of its fiscal year in 2021.