Led by Egyptian Ghabbour family, GB Auto gets green light to rebrand as ‘GB Corp’
The Ghabbour family owns a 62.9-percent stake in GB Auto.
Nigerian philanthropist Afe Babalola donates $12.2 million to King’s College London to empower African youths
The generous contribution will be used to establish the Afe Babalola African Center for Transnational Education at King’s College London.
South African billionaire Nicky Oppenheimer has now gained $325 million since start of 2023
Oppenheimer is also a passionate advocate for wilderness conservation.
Moroccan tech tycoon Hassane Amor’s Microdata posts $4.1 million in profit in 2022
Amor holds a 56.17-percent stake in the company.
Moroccan tech tycoon Karim Benjelloun makes over $1 million from recent surge in DISWAY shares
Benjelloun, the founder and general manager of Disway, owns 7.36 percent of the company’s total equity,
Led by Egypt’s richest family, Orascom Construction smashes expectations with $134 million in profit in 2022
Orascom Construction is majority-owned by the Sawiris family through their private investment vehicle OS Private Trust Company.
Meet Richmond Bassey, Nigerian entrepreneur making investment opportunities more accessible for Africans
Bassey is revolutionizing the way Africans can invest in the global capital market.
Kenyan businessman Baloobhai Patel acquires additional $1.38-million stake in Co-op Bank
Patel has solidified his position as a major player in the Kenyan financial sector with his latest acquisition.
South African-born billionaire Patrick Soon-Shiong has now lost $820 million so far in 2023
Soon-Shiong is best known for developing the cancer treatment Abraxane.
Kenyan tycoon Gideon Muriuki-linked insurance firm CIC Group reaches record profits of $8 million in 2022
Muriuki is expected to receive $136,800 from his stake in CIC Insurance Group.
Zimbabwean billionaire Strive Masiyiwa’s Liquid acquires Cairo-based cybersecurity provider, Cysiv MEA
Masiyiwa’s Liquid Intelligent Technologies plans to augment its cloud and cybersecurity identity with Cysiv MEA integration.
Somali mogul Abdirashid Duale’s Dahabshiil spearheads fund mobilization for drought relief
Duale and Dahabshiil are leading efforts to assist those in need, while much of the attention is on foreign aid.
America’s richest Black person Robert Smith’s net worth surpasses $12 billion
Smith’s Vista Equity boasts over $95 billion in assets and an annual return of 22 percent.
Australian billionaire Andrew Forrest’s firm doubles down on green manure projects in Kenya
Recent agreement could make Forrest richer and unlock gains for Kenya.
Tymebank breaks new ground with 6.2 million customers thanks to Patrice Motsepe’s ARC support
TymeBank is owned in part by ARC Financial Services Holding, a Black-owned and -controlled company linked to Motsepe.
Moroccan businessman Hassane Amor loses $2.6 million from stake in Casablanca-based IT firm
Amor owns a 56.17-percent stake in the Casablanca-based IT services provider.