Femi Otedola’s power company aims for $39.56 million in revenue in Q1 2024
Geregu Power aims to double revenue in the first quarter of 2024 despite operating challenges.
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5 businesses owned by Kerry Washington
Washington is the founder of Simpson street, a movie production company, and owns investments in The Wing, Byte and Community.
8 companies owned by Black executive Donald Thompson
Thompson’s wealth story mirrors his influential career trajectory and unwavering commitment to fostering innovation and growth in the food and beverage sector.
5 companies owned by America’s first Black female billionaire Sheila Johnson
Billionaires.Africa reveals Johnson’s diverse business portfolio, featuring five ventures, including BET, which she and her ex-husband sold in 2001.
Refinery owned by Africa’s richest man to generate $27-billion annual revenue
The complex will initially focus on producing diesel, aviation fuel, and gas, with petrol production planned for a later stage.
South African tycoon Jonathan Jawno rakes in $5 million from stake in Transactional Capital
Jawno, a founding member of Transaction Capital, owns a 9.59-percent stake in the group.
Top Black energy executive earns $1.37 million from Dominion in 2022
Senior VP and chief legal officer at Dominion Energy, Brown, received $1.37 million for his instrumental role in the company’s financial success.
Moroccan business magnate Anas Sefrioui loses $41.2 million from ADH stake
Sefrioui, the visionary founder of the Casablanca-based real estate group who ranks as one of Morocco’s most affluent individuals, owns a 64.1-percent stake in ADH.
Top Black executive Cornelius Boone earns $5.3-million salary from eBay
Boone’s role in steering eBay to financial success, coupled with his groundbreaking leadership, is reflected in his base salary, short-term incentive, and long-term incentive.
Egypt’s second-richest man Naguib Sawiris hit by $110-million loss in 9 days
His wealth figures have plummeted due to a sharp decline in the market value of his diverse investments,
Egyptian billionaire Ahmed Ezz loses $47 million in 16 days from Ezz Steel stake
Ezz owns a 60.7 percent of the company, or 329,816,198 shares, in the steel behemoth.
Tina Knowles-Lawson: From Galveston roots to fashion mogul and philanthropic force
Discover Tina Knowles-Lawson’s path from humble beginnings to fashion fame and her impact as a mother and philanthropist.
South African billionaire Ivan Glasenberg’s fortunes soars by $230 million in 3 days
With the recent surge in his net worth, Glasenberg presently ranks as the 275th richest individual in the world.
African billionaires’ families absent from global top 25 richest families ranking
As the Al Nahyan family claims the top spot with a $305-billion fortune, the absence of African billionaire families highlights the stark disparities in wealth accumulation.
Firm led by Egyptian billionaire Yasseen Mansour to build $130-million luxury hotel in Cairo
Mansour, chairman of Palm Hills, highlights significance of welcoming Marriott International and Ritz-Carlton as key collaborators in the Palm Hills October project.
U.S.-Nigerian telecom tycoon Sam Darwish suffers $14-million loss in 23 days
This recent paper loss comes on the heels of the impressive $70-million gain he recorded between Oct. 27 and Nov. 14