Kenyatta family’s equity wealth in banking giant skyrockets by $21 million in 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
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Meet Zambian entrepreneur breaking barriers with Africa’s first card-issuing platform
Mlambo’s vision for Union54 is to scale its operations and improve access to financial services in Africa.
Dangote’s oil refinery set to transform African petroleum industry in 2023
The refinery will be closely watched by the global energy industry.
Egyptian businessman Hisham Talaat Moustafa’s TMG sets new sales record with $1.34 billion in 2022
The Talaat Moustafa family’s stake in TMG Holdings is now worth $364.4 million.
Eight of 10 wealthiest Black Americans too poor to make Forbes 400 list
This is a clear indication of the wealth gap that exists in the United States.
Eleven African billionaires face steep losses in 2022: What caused the decline?
Strive Masiyiwa experienced the steepest loss at $1.5 billion.
Three African billionaires defy global economic challenges with increase in net worth
Three African billionaires managed to buck the trend.
Snoop Dogg launches cannabis brand
The brand will operate as a subsidiary of Death Row Records.
Egyptian businessmen Ahmed Ezz’s multimillion-dollar investments hit by depreciation
Ezz owns 60.7 percent of Ezz Steel.
Nigeria’s richest men, Dangote, Rabiu invest $1 billion in sugar production
The investments were made as part of the Nigeria Sugar Master Plan.
Ethiopia’s wealthiest man Mohammed Al-Amoudi experiences billion-dollar loss in 2022
Al-Amoudi remains one of the wealthiest individuals in Africa.
The four assets that make Nigerian billionaire Aliko Dangote Africa’s richest man
Dangote built his businesses through strategic acquisitions and organic growth.
Meet Namibia-based entrepreneur who secured $15 million in funding for his startup
David Akinin established JABU to improve Namibia’s inefficient supply chain and distribution channels.
Kenyan multimillionaire banker James Mwangi sees $10.2-million loss in Equity Group stake
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Nigerian tycoon Benedict Peters’ firm fails to overturn Shell arbitration award
Aiteo is an integrated energy company.
Nicky Oppenheimer’s wealth rebounds, pushing year-to-date gains to $125 million
The bump in Oppenheimer’s wealth solidifies his position as one of Africa’s wealthiest billionaires.