Aliko Dangote’s fortune takes a hit: Africa’s richest man loses $200 million in December
Dangote derives most of his wealth from his 86-percent stake in Dangote Cement.
West & Central Africa
This Nigerian-born NBA Player is youngest athlete on Forbes’ top 10 highest-paid list
Giannis Antetokounmpo is just 28 years old.
Meet 40-year-old Ghanaian investor who launched $115-million fund to invest in African fashion
Annan hopes to play a formative role in expanding the social capital of African countries.
Nigerian VC Kola Aina exceeds fundraising goal, leads firm to close fund at $46 million
Aina is a key player in the African venture capital space.
Elon Musk’s Starlink to roll out service in Nigeria before end of 2022
Starlink is the satellite Internet service provided by SpaceX, Elon Musk’s space exploration company.
Ghanaian entrepreneur Gregory Rockson’s mPharma to expand footprint with $43-million investment
mPharma manages pharmaceutical inventories for African mom-and-pop pharmacies.
Nigerian entrepreneur Adesuwa Okunbo Rhodes’ firm secures $20 million from Visa, MasterCard
Rhodes founded Aruwa Capital with the goal of closing the investment gap affecting women-owned businesses in Africa.
Meet 26-year-old Nigerian entrepreneur who is the youngest Black woman to raise $10 million
Olamide Olowe’s Topicals is Sephora’s fastest-growing skincare brand.
Nigeria’s second-richest billionaire Abdul Samad Rabiu’s net worth surpasses $8.1 billion
Rabiu is Nigeria’s second-richest man and one of the African continent’s wealthiest businessmen.
Telecom billionaire Mike Adenuga loses $9 million in 200 days from stake in Conoil
Adenuga holds a majority stake in the oil marketing business.
Africa’s richest man Aliko Dangote’s firm receives approval to buy back shares worth $917 million
Dangote Cement is Africa’s largest cement producer.
Nigerian energy magnate Igho Sanomi receives maiden Golden Heart Award from GIPLC
Sanomi is known for his humanitarian efforts.
Nigerian billionaire Abdul Samad Rabiu’s net worth surges to record high of $7.3 billion
The surge solidifies his position as Nigeria’s second-richest man.
Meet Tope Awotona, the only African tech founder who became billionaire this year
Awotona’s majority stake in Calendly is worth at least $1.4 billion.
Nigerian billionaire Abdul Samad Rabiu’s cement firm pays workers $10.7 million in salary in 9M 2022
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
Afreximbank set to buy shares in Geregu Power, Femi Otedola’s power-generating firm
Geregu is one of Nigeria’s largest power-generating enterprises.