Net worth of Nigeria’s second-richest man Abdul Samad Rabiu hits $7 billion
Bloomberg estimates Rabiu’s net worth slightly lower at $5.91 billion, considering approximately $2.98 billion in miscellaneous liabilities.
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Patrice Motsepe’s ARC increases stake in freight platform Linebooker
Motsepe owns an indirect 27-percent stake in African Rainbow Capital Investments.
Led by Morocco’s wealthy Tazi family, pharma company Sothema looks to East Africa for growth
Sothema is controlled by the multimillionaire Tazi and Berrada families, who hold a combined stake of more than 70 percent.
Cameroon’s richest woman Kate Fotso launches new hospitality company
Fotso is the founder and current CEO of Telcar Cocoa, Cameroon’s largest cocoa export company for more than 30 years.
5 assets owned by Dr. Dre
Dr. Dre is an iconic figure in American rap and music production, known for his pivotal role in founding Aftermath Entertainment and Beats Electronics.
Nigerian banker Herbert Wigwe faces $5-million loss in Access Holdings stake
Wigwe holds an impressive 7.14-percent ownership stake in the leading lender.
Kenyan banker Gideon Muriuki suffers $7.3-million loss in 12 days
Muriuki owns a significant two percent stake in Co-op Bank Group. This translates to 117,471,300 shares in the Nairobi-based lender.
South African billionaire Christo Wiese-linked retailer, Steinhoff, faces liquidation
Wiese’s link with Steinhoff traces back to 2012 when he exchanged the historic Lanzerac wine estate for $11 million worth of Steinhoff shares.
Nigerian oil billionaire Wale Tinubu loses $29 million from investment in Oando
Tinubu’s stake in Oando is held indirectly through his ownership of 66.67 percent of Ocean and Oil Development Partners (OODP).
Philip Tobias: South African executive leading Patrice Motsepe’s billion-dollar group
In recent years, Tobias has established himself as a renowned mining engineer with extensive industry expertise.
Lender linked to Kenya’s richest families to raise interest rates for second time
NCBA Group counts some of Kenya’s richest families among its shareholders, including the Kenyatta, Merali, and Ndegwa families.
Alex Karp rejoins Black billionaires with $2-billion fortune as Palantir secures U.S. Army deal
According to Forbes, Karp, ranked among the world’s Black billionaires, has witnessed a $300-million increase in his net worth.
Egypt’s richest man Nassef Sawiris loses $130 million
In addition to his investments in OCI N.V., Sawiris holds a six-percent stake in the renowned sportswear giant, Adidas AG.
Bill Gates’ foundation invests $30 million to advance AI in Africa
Gates’ net worth currently stands at a staggering $124 billion. This immense wealth secures his position as the fifth-richest man in the world.
Nigerian insurance tycoon Wole Oshin gains $1.3 million from Custodian stake
Due to these recent gains, Oshin has solidified his position as one of the wealthiest investors on the Nigerian Exchange.
Morocco’s second-richest man Othman Benjelloun gains $117 million from BOA stake
Benjelloun owns a 27.41-percent stake in Bank of Africa. This stake translates to 57,214,615 shares in the financial services conglomerate.