South African Ackerman family to receive $9.57 million in dividends from Pick ‘n Pay
The Ackerman family is one of the richest families in South Africa.
Kenyan entrepreneur Peter Njonjo’s firm acquires majority stake in Maisha MFB
Cactus Cantina is a wholly owned subsidiary of Shara Inc.
Kanye West’s exit deals blow to Adidas as Q1 results show $43 million loss
The impact of the fallout with the West-led brand hit sales in the reported quarter by around $441.56 million.
BET co-founder Sheila Johnson sells equestrian estate in Florida for $21.68 million
According to Forbes, Johnson’s net worth has risen by $80 million from $700 million to $780 million since 2015.
Neal Froneman’s Sibanye-Stillwater charts path with management overhaul at New Century
This comes after the Froneman-led group announced emergency funding of up to $20.1 million for New Century.
James Mwangi’s Equity Group unveils plan to open 300 clinics across Kenya
The initiative is aimed at enhancing accessibility and affordability in the country’s healthcare sector.
Strive Masiyiwa rejoins exclusive club of billionaires with $2-billion net worth
Masiyiwa’s billion-dollar fortune is partly derived from his ownership of a 52.85-percent stake in Econet Zimbabwe.
The 4 highest paid Black athletes in the world
These are the four highest paid Black athletes in the world.
Moniepoint, led by Tosin Eniolorunda hits $43-billion transaction milestone in Q1 2023
Moniepoint Inc. is an innovative financial software company.
Ethiopian billionaire Mohammed Al-Amoudi rakes in $160 million
Al-Amoudi’s net worth has risen by $160 million from $5.16 billion on March 16 to $5.32 billion on May 3.
Moroccan businesswoman Lamia Tazi loses nearly $11 million in 2 months
Tazi is one of the most affluent investors on the Casablanca Stock Exchange.
Nigerian media mogul Nduka Obaigbena donates $2.2 million to University
Obaigbena is the highly influential founder of THISDAY newspapers and ARISE News Channel.
Kenyan tycoon Benson Wairegi loses $2.6 million in eight months
Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding.
Oprah Winfrey, the world’s richest Black woman, invests in German Skincare brand
Oprah is the world’s richest Black woman.
Kenyan multi-millionaire Mohammed Jaffer launches grain-handling and storage terminal in Nairobi
Jaffer’s company is one of Kenya’s largest largest providers of cargo handling services.
Nigerian fertilizer mogul Thomas Etuh donates $500,000 hospital to rural community
Etuh is the founder of TAK Agro, the largest blender of fertilizers in Nigeria.