Nigeria’s richest banker Jim Ovia gains $11.6 million as Zenith Bank completes public offer
This increase highlights the strong performance of the Lagos-based lender and the confidence investors have in its prospects.
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Abderrahmane Benhamadi, one of Algeria’s richest, to build Africa’s biggest AC plant
The facility, set to be built in Bordj Bou Arreridj, about 240 km east of Algiers, will require a $200 million investment.
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Kenya Airways, led by South African-born Kenyan businessman Michael Joseph, adds new boeing aircraft
The airline now operates 35 aircraft, boosting its capacity and efficiency as it competes in the African aviation market.
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Oppenheimer, South Africa’s second-richest man, is $550 million richer this year
In the first two months of 2025, his net worth has risen from $11.6 billion to $12.1 billion.
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Alex Karp loses $700 million after becoming third U.S. Black billionaire worth over $10 billion
The decline is tied to the performance of his 2.63 percent stake in Denver-based AI and big data analytics firm, Palantir.