America’s richest Black billionaire Robert F. Smith unveils Vision for AI future at Davos
Smith emphasized the integration of AI into companies’ operations, drawing parallels with past transformative innovations like the internet and the cloud.
$9-trillion Wall Street giant lands in Nigeria following takeover of billionaire Adebayo Ogunlesi’s GIP
The strategic move comes in the wake of BlackRock’s announcement of its intention to acquire GIP in a deal valued at $12.5 billion.
Namibian tycoon Quinton van Rooyen’s Trustco seals $50-million deal with U.S. fund RVF
Trustco detailed its plan to issue new shares to RVF through an option, solidifying RVF’s position as a key anchor investor with a cash injection of up to $50 million.
TymeBank, backed by billionaire Patrice Motsepe, achieves first-ever profit milestone
Motsepe, the influential owner with a substantial stake in TymeBank, emphasized the bank’s appeal to a more affluent consumer market.
Africa’s richest man Aliko Dangote’s net worth skyrockets, exceeding $17 billion
In just 17 days of 2024, he has already regained over $2 billion.
South African billionaire Patrice Motsepe-linked insurer eyes India for growth
India’s economy is growing nearly five times faster than South Africa’s.
Consortium including Nigerian tycoon Abdulrazaq Isa’s group to acquire Shell assets for $1.3 billion
Notably, Waltersmith Group, led by Nigerian businessman Abdulrazaq Isa, brings extensive experience in oil exploration and production.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Bank launches eight new branches
The newly unveiled branches bring the total I&M Group branch network to 93 in the region. Out of these, 49 are strategically positioned throughout Kenya.
Africa’s first female billionaire accuses Angolan government of political persecution
Accused of embezzlement and fraud, dos Santos, through her lawyer, claims the allegations are politically motivated.
Tony Elumelu becomes third Nigerian businessman to hold stakes in two trillion-naira companies
This achievement, following in the footsteps of Femi Otedola and Abdul Samad Rabiu, highlights the growing influence of Nigerian business leaders.
Nigerian banker Herbert Wigwe-led group acquires new insurance brokerage firm
The move aligns with the group’s vision of building a globally connected community of ecosystems inspired by Africa for the world.
Adenuga’s firm, six others get approval to distribute fuel from Aliko Dangote’s refinery
The marketers have registered for the lifting and distribution of refined petroleum products.
Africa’s first Black billionaire Patrice Motsepe makes $100 million in first two weeks of 2024
Despite a 10-percent plunge in the market value of Motsepe’s 40-percent stake in ARM, the surge in his net worth is linked to the revaluation of private investments.
Nigerian banker Adebayo Ogunlesi emerges as Africa’s newest billionaire
With a calculated 17.5-percent stake in GIP, Ogunlesi now stands as one of Africa’s top 20 billionaires.
Hospitality brand owned by America’s first Black female billionaire seals new luxury partnership
Johnson’s Salamander Collection remains at the forefront of the hospitality industry, and the recent partnership with Aspen Meadows Resort marks a significant milestone.
World’s richest Black billionaire’s refinery begins diesel and aviation fuel production
The Dangote Petrochemical Complex aims to meet 100 percent of Nigeria’s demand for refined petroleum products, including petrol, diesel, kerosene, and jet fuel.