Nigerian banking tycoon Tony Elumelu supports 4,949 Africans with $24.75 million in 2021
The entrepreneurs were selected from a pool of more than 400,000 applicants in 54 African countries.
West & Central Africa
Richest Black man alive Aliko Dangote now worth over $20 billion, net worth up by +$2.4 billion in 2021
So far this year, his personal net worth is up 13.6 percent, an average gain of $7.66 million per day.
Ghana’s wealthiest investor Daniel Ofori gains $4.4 million in 2021 from stake in Societe Generale Ghana
Societe Generale Ghana is Ghana’s fourth-largest commercial bank.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l gears up to launch e-currency in Togo
CBI is a leading banking group in Burkina Faso, with active operations across Francophone Africa.
Nigerian billionaire Benedict Peters’ Aiteo reports ‘extremely high order’ leak from oil facility
The oil spill affected its Santa Barbara Oil Field, which forms part of its OML-29 oil block.
Nigerian fintech entrepreneur Gbenga Agboola’s Flutterwave acquires Disha creator platform
Disha is a Nigerian platform allowing digital creators to showcase and receive payments for content globally.
Africa’s sixth richest man Abdul Samad Rabiu loses $600 million; net worth falls below $5 billion
The loss was due to poor performance by his company, BUA Cement, on the Nigerian Exchange.
Nigerian billionaire Femi Otedola sees stake in FBNH rise by $4.9 million since early November
FBNH is one of the top five financial services providers in Nigeria, Africa’s largest economy.
Africa’s wealthiest man Aliko Dangote sees net worth rise by $1.4 billion in 2021
The richest Black man alive has amassed a staggering $19.2-billion net worth through Dangote Group.
Karl Toriola-led MTN Nigeria receives preliminary green-light to operate payment service bank
Both MTN Nigeria and Airtel Africa have received approval-in-principle for a service bank license.
Aga Khan IV loses $4.07 million in two months as shares in Nation Media Group slump by 19 percent
Aga Khan IV holds a 44.7-percent stake in the group through The Aga Khan Fund for Economic Development.
Nigerian banking mogul Atedo Peterside acquires stake worth $817,300 in Stanbic IBTC Holdings
The share purchase was made despite a 57-percent decline in the company’s earnings.
Startup founders Ham Serunjogi, Olugbenga Agboola lead Payhippo to secure $3 million in seed funding
Payhippo is an AI-driven lending platform that provides loans to small businesses.
Mitch Slape-led Massmart Holdings sustains sales above $3.9 billion, valuation jumps by 10 percent
Massmart Holdings is the second-largest consumer goods distributor in Africa.
U.S. fast food chain Burger King launches first outlet in Nigeria under Antoine Zammarien
Burger King is one of the many international companies drawn to Africa thanks to its appealing demographics.
Nigerian oil tycoon Gabriel Ogbechie’s Rainoil acquires majority stake worth $26.1 million in Eterna
Founded in 1997, Rainoil is a prominent player in the Nigerian oil industry.