Nigerian tech mogul Olugbenga Agboola’s Flutterwave secures payment license in Zambia
The move builds on Flutterwave’s aggressive expansion strategy, which has seen it secure multiple licenses across Africa.
Hot News
Africa’s first Black billionaire Patrice Motsepe loses $100 million as ARM struggles
The decline follows a steep 16 percent drop in ARM’s share price over the past five days, with the stock sliding from R162 ($8.8) to R135 ($7.33).
Cereals company tied to Kenyan tycoon Ngugi Kiuna faces receivership over $28.6 million debt
The move reflects the growing financial strain on Kenyan businesses as economic pressures mount.
Egyptian tycoon Yasmine Khamis’ Oriental Weavers to pay $21 million dividend
The decision to reward shareholders follows a year of strong earnings growth and sustained market expansion.
Oil firm led by Nigerian President’s nephew wins bid for Caribbean refinery
The move positions the oil company for deeper integration into the Caribbean’s refining sector, strengthening its international footprint.
25 companies behind Jay-Z’s $2.5 billion fortune
Beyond music and liquor, Jay-Z has built a strong portfolio in venture capital and private equity.
Egyptian billionaire Yasseen Mansour’s Palm Hills expands to UAE in bold gulf expansion
By entering the UAE, Palm Hills is tapping into the Gulf’s booming real estate sector, where demand for high-end residential and commercial developments remains strong.
World’s first Black billionaire Robert L. Johnson’s REIT hits $1.3 billion in revenue
RLJ Lodging Trust’s revenue hit $1.37 billion in 2024, but net income dropped 11.2% due to rising costs, despite strategic acquisitions and capital allocation.
Zimbabwe’s top 10 tech moguls
These are the leaders defining the country’s digital future.
Africa’s first Black billionaire Patrice Motsepe’s mining empire battles falling earnings
African Rainbow Minerals (ARM), led by Motsepe, forecasts a 55% drop in headline earnings on weaker iron ore prices.
Egyptian tycoon Ahmed El-Sewedy’s electric firm to build Hungary’s largest power plant in decades
This marks a significant step in Elsewedy Electric’s expansion into Europe, reinforcing its presence in the global energy infrastructure market.
Lowe’s sales drop to $83.7 billion in 2024 under Black executive Marvin Ellison
Net total sales totaled $83.67 billion, marking a 3.13% decline, though strong online and pro sales offer optimism amid ongoing challenges.
Nigerian billionaire Femi Otedola hosts Wizkid, Burna Boy in star-studded gathering
Beyond his social engagements, Otedola remains focused on leading two of Nigeria’s most influential companies.
Tech billionaire Alex Karp loses $1.8 billion, still U.S. third-richest Black person
This is tied to a slide in the market value of his 2.63 percent stake in Palantir, which has fallen from $7 billion to $5.3 billion.
Africa’s richest man slashes petrol prices in Nigeria by 13 percent in 2025
This aligns with Nigeria’s broader economic recovery efforts under President Bola Ahmed Tinubu and aims to ease financial pressure on consumers.
Top 10 richest pharmaceutical moguls in Africa
These industry giants have built pharmaceutical empires that generate billions in revenue while making healthcare more affordable and widely available.