Egyptian billionaire Samih Sawiris leads $385-million investment to transform Morocco’s hospitality industry
Sawiris is a leading Egyptian billionaire and a member of the wealthy Egyptian Sawiris family.
Hot News
Abdul Samad Rabiu reclaims title of fourth-richest man in Africa with $700-million net worth surge
Rabiu’s net worth has increased by more than $700 million in the past 24 hours, from $7.1 billion to $7.8 billion.
South African billionaire Christo Wiese-linked Steinhoff settles multi-million dollar lawsuit with Austrian firm
In 2017, Wiese was Steinhoff’s largest shareholder.
Nigerian banking tycoon Jim Ovia rakes in $14.87 million in just 54 days from Zenith Bank stake
Ovia owns a sizable 16.2-percent stake in Zenith Bank.
Billionaire Robert Smith’s Vista Equity invests $16.6 million in Tyler Technologies
Vista Equity Partners is a global technology investment firm.
South African-born billionaire Patrick Soon-Shiong’s ImmunityBio executes $50-million equity financing
Soon-Shiong owns a 76-percent stake in ImmunityBio, a late-stage immunotherapy company.
Adidas’ debt rating takes a hit as Kanye West’s departure impacts earnings
Since Adidas severed ties with Kanye West in October 2022, his net worth has declined by $1.6 billion.
South African mogul Adrian Gore’s Discovery suffers 10-percent decline in earnings
Gore owns a sizable 7.48-percent stake in Discovery Limited.
Tanzanian billionaire Rostam Aziz receives approval to set up gas plant in Kenya
The license sets the stage for a billionaire brawl between Aziz and Mohamed Jaffer
Tunisian businessman Habib Essayeh’s investment in Euro-Cycles nets him $2.2 million in 38 days
Essayeh owns a substantial 33.6-percent stake in Euro-Cycles.
Rihanna’s next billion-dollar move: The cosmetics mogul sets sights on new ventures to boost Fenty Brand
Rihanna is not resting on her laurels.
African-American exec Jordan Miller’s Adelphi Bank raises $24.5 million ahead of public debut
Adelphi Bank was founded with the goal of simplifying the complex world of finance.
Ethiopian billionaire Mohammed Al-Amoudi’s net worth soars by $161 million
Al-Amoudi is worth $5.62 billion at the time of writing.
South African tycoon Neal Froneman’s Sibanye-Stillwater to acquire Australia’s New Century for $83 million
Froneman holds a 0.074-percent ownership stake in Sibanye-Stillwater.
Nigerian billionaire Femi Otedola donates $4.3-million engineering faculty complex to Augustine University
As an added honor, in September 2022, Otedola was appointed as the distinguished chancellor of the university.
Kenyan tycoon Chris Kirubi’s heirs gain $1.4 million from stake in investment firm, Centum
After Kirubi’s passing, his son and daughter inherited 80 percent of his fortune.