Dangote’s net worth surges to $11 billion, overtaking South African billionaire Johann Rupert
With his net worth presently standing at $11 billion, the disparity in wealth between Dangote and Rupert becomes evident.
West & Central Africa
Ensuring the longevity of African family businesses: The critical role of governance and estate planning
Mutendi outlines the critical role of governance and estate planning in family enterprises.
Nigerian banker Herbert Wigwe suffers $9-million loss from stake in Access Holdings
Wigwe, the group managing director and CEO of Access Holdings, Nigeria’s largest lender in terms of assets, holds a 9.09-percent stake in the lender.
CBN approves billionaire Femi Otedola as director of FBN Holdings
Femi Otedola, who is the chairman of power generating company Geregu Power, is one of the largest shareholders of FBN Holdings.
Abdul Samad Rabiu’s BUA Cement partners with Sinoma to expand cement plant
BUA Cement is a leading cement maker led by Nigeria’s second-richest man, Abdul Samad Rabiu.
Billionaire Femi Otedola triumphs as FBNH directors oppose Otudeko’s stake purchase
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
Nigerian billionaire Aliko Dangote is back on top as Africa’s richest man
Dangote’s return to the top of the continent’s richest list follows a surge in his net worth, as reported by Forbes.
Nigerian tycoon Fidelis Ayebae loses over $1 million from Fidson stake
Ayebae owns an impressive 33.1-percent stake in Fidson Healthcare.
10 top investments of Flutterwave billionaire Olugbenga Agboola
Billionaires.Africa has identified and cataloged several investments directly led by Agboola.
Segun Agbaje, one of Nigeria’s richest bankers, holds $1.3-million stake in PepsiCo
In addition to his stake in PepsiCo, Agbaje maintains a 0.14-percent minority stake in GTCO.
Net worth of Africa’s top billionaires Johann Rupert and Aliko Dangote plunges below $11 billion
The rivalry between Dangote and Rupert has become fierce, with the wealth gap shrinking from $1.2 billion in mid-June to a mere $100 million.
Nigerian venture capitalist Olumide Soyombo set to release memoir
Soyombo, one of Nigeria’s most prominent venture capitalists, wrote early checks for Paystack and Piggyvest.
One of Burkina Faso’s richest men, Inoussa Kanazoe donates to Youth Center
Kanazoe ranks among the wealthiest individuals in Burkina Faso and is the owner of cement manufacturer CimFaso.
Nigerian billionaire Orji Uzor Kalu to head Senate Committee on Privatization
Kalu is the founder of Slok Holding, a West African conglomerate with tentacles in shipping, banking, manufacturing and media.
High court freezes assets of Nigerian energy billionaire Ambrosie Bryant Orjiako
Orjiako owns a significant 6.4-percent stake in Seplat Energy Plc, one of Nigeria’s largest energy companies.
Nigerian pharma tycoon Stella Okoli, U.S. gov’t partner to combat malnutrition
Emzor, which Okoli owns, will partner with the U.S. government to establish a processing facility for medical-grade groundnut paste.