Beninese tycoon Dare Okoudjou’s MFS Africa partners with Western Union to facilitate payment in over 200 countries
Okoudjou founded MFS Africa in 2009.
Nigerian banking magnate Jim Ovia’s Zenith Bank receives approval to restructure into a holding company
Ovia has been appointed as the chairman of Zenith Holdco Plc.
Nicky Oppenheimer, Africa’s third-richest man, loses $430 million in 26 days
The recent decline can be attributed to the performance of his private equity investments.
Egyptian mogul Medhat Khalil’s Raya Holding signs deal to expand entrepreneurship support programs
Raya Holding is an Egyptian investment conglomerate formed in 1999 by the merger of entities owned by Khalil and Orascom Group.
African-American professional tennis superstar Venus Williams joins private equity firm Topspin
Williams is excited to be entering a sector that historically has had little penetration from African Americans.
Aliko Dangote’s sugar business reports impressive performance as profit surpasses $110 million in 2022
Dangote Sugar Refinery is a leading sugar business.
GB Auto, led by the Egyptian Ghabbour family, hits historic $344-million profit mark
GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour.
South African tycoon Neal Froneman-led Sibanye-Stillwater posts lower earnings
Froneman’s stake in Sibanye-Stillwater is presently worth $4.28 million.
10 richest African billionaires in 2023
African billionaires are bouncing back in 2023, after a challenging 2022 marked by significant losses in their net worth.
Africa’s richest man Aliko Dangote to receive $640.6-million dividend from his cement business
The dividend is higher than the annual government expenditures of Rwanda, Burkina Faso, and Malawi.
Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA
Ndegwa owns 4.3 percent of NCBA Group, making him one of the bank’s most significant shareholders.
South African banker Michiel Le Roux on verge of losing ‘billionaire’ status
Le Roux is widely regarded as one of Africa’s richest men.
Kenyan banker Gideon Muriuki’s Co-op Bank secures $100 million from global investors
Muriuki holds a two-percent stake in the leading financial services group.
Egyptian magnate Abdallah Sallam’s MNHD rakes in whopping $24 million profit in 2022
This can be directly linked to the devaluation of the Egyptian pound, which has made the country’s real estate market more attractive.
Ghana’s richest stock investor Daniel Ofori takes $1.5 million hit on Societe Generale Ghana stake
Ofori’s stake in Societe Generale Ghana has decreased by over $1.5 million since the start of the year.
Zimbabwean tycoon Paddy Zhanda amasses $2.17-million fortune in less than two months of 2023
Zhanda owns a significant 8.08-percent beneficial stake in Masimba Holdings.