Kenyan tycoon Narendra Raval pays $6.7 million a month to keep lights on
Raval disclosed that his company’s monthly outgoings tally up to about $14.9 million.
Shelter Afrique eyes African diaspora after funding Paul Onwuanibe’s firm
Shelter Afrique recently invested $24 million in Landmark Africa Group.
Neal Froneman’s Sibanye-Stillwater to extend funding to Australian company
Neal Froneman is currently driving the expansion and diversification of Sibanye-Stillwater’s asset portfolio.
Deon Nobrega’s Paymenow secures $14-million debt facility with RMB backing
Paymenow is a Stellenbosch-based financial wellness platform.
Nigerian oil tycoon Gabriel Ogbechie’s Rainoil launches mega filling station
Rainoil is a key player in Nigeria’s oil industry.
Nigerian billionaire Mike Adenuga’s net worth drops by $100 million
Adenuga remains one of Nigeria’s and Africa’s top billionaires.
Meet Dawit Abraham: Ethiopian entrepreneur revolutionizing African gaming industry
His journey as an Ethiopian entrepreneur is a story of hard work, innovation, and a passion for creating world-class products.
Egyptian mogul Khaled Mahmoud’s MM Group records $12 million in profit in 2022
Mahmoud owns a significant 10.13-percent stake valued at nearly $13 million.
Nigerian entrepreneur Ikenna Nzewi is disrupting Africa’s food industry
Nzewi has seen incredible success in transforming the sale of high-quality raw materials to food factories in Africa.
Anas Sefrioui’s ADH rebounds strongly as profits surpass $3.6 million in 2022
Sefrioui owns a controlling 64.1-percent stake in Douja Promotion Groupe Addoha.
Botswana-based businessman Jonathan Gibson fortune skyrockets by $3.3 million
Gibson owns a 35.6-percent stake in Chobe Holdings, a Gaborone-based tourism firm listed on the Botswana Stock Exchange.
Vista Equity, owned by America’s richest Black person Robert F. Smith, seals $2.6 billion acquisition of Duck Creek
Vista Equity Partners was founded by America’s richest Black billionaire Robert Smith in 2000
Egyptian tycoon Hassan Allam’s firm bags construction contract for Rosewood Amaala project in Saudi Arabia
With a construction backlog of $2.8 billion, Hassan Allam Holding has established itself as a key player in the construction industry.
Orascom Construction, led by Sawiris family, achieves major milestone in Egypt as part of consortium
Orascom Construction is 51.8 percent owned by the Sawiris family.
Equity Bank battles Kenyan tycoon Paul Ndung’u over $4.5-million loan
Ndung’u is one of Kenya’s richest men.
Shoprite, linked to billionaire Christo Wiese, launches first apparel store in South Africa
Shoprite Holdings is Africa’s largest supermarket group.