North Africa’s richest man considers breaking up his billion-dollar empire
Sawiris hails U.S. investor Jeff Ubben’s influence as OCI embraces strategic overhaul.
South African tycoon Jonathan Jawno’s Transaction Capital eyes $65 million in WeBuyCars unbundling
As a founding member of Transaction Capital, Jawno holds a 9.59-percent stake in the group, making him the second-largest shareholder.
Zimbabwe’s richest man Strive Masiyiwa adds $100 million to net worth in 2024
Masiyiwa’s strategic investments and resilient portfolio have not only weathered currency devaluations but have also propelled him to new heights in the realm of global wealth.
Kanye West’s Super Bowl ad drives $19.3-million single-day sales
Renowned rapper turned business mogul Kanye West stunned the industry by revealing a staggering single-day revenue of $19.3 million from the sales…
Access appoints acting CEO 24 hours after confirming Herbert Wigwe’s passing
The announcement, made by the board of directors 24 hours after confirming Wigwe’s demise, is contingent upon the approval of the Central Bank of Nigeria.
South African tycoon Zak Calisto’s Karooooo unveils $25.7-million stock buyback plan
The repurchase program is seen as a strategic move to boost shareholder returns while ensuring financial flexibility.
U.S.-Nigerian mogul Sam Darwish’s IHS and Airtel forge partnership to boost infrastructure
Under the groundbreaking move, Airtel Nigeria has committed to securing 3,950 tenancies over the next five years.
Companies and ventures linked to the late Nigerian banker Herbert Wigwe
From transforming Access Bank into Access Holdings to visionary ventures like Tengen Holdings, HOW Foundation, and the upcoming Wigwe University.
Nigerian billionaire Femi Otedola to pocket $17.6 million from Geregu Power in March
The dividend solidifies Otedola’s position among Nigeria’s top dividend earners and adds another financial milestone to his already impressive portfolio.
South African billionaire Ivan Glasenberg loses $490 million in 6 days
Ranked 318th among the world’s wealthiest, Glasenberg has slipped from 302nd since Feb. 3.
Kenyan businessman John Kimani becomes Centum’s third-largest shareholder
His move comes as shares remain attractively priced on the Nairobi Securities Exchange.
America’s second-richest Black billionaire David Steward gains $280 million in 6 days
The significant boost in Steward’s net worth is primarily attributed to the performance of his substantial 59-percent stake in World Wide Technology (WWT).
Africa’s youngest billionaire backs Indian startup in $1.1-million funding round
Dewji’s commitment to high-growth regions revealed: From $100-million Rwandan ventures to Swirl’s seed funding.
Billionaire Benedict Peters’ Aiteo partners with Atlantic Council to elevate Africa’s critical mineral influence
The groundbreaking collaboration sets the stage for a three-year program aimed at harnessing Africa’s substantial reserves of critical minerals.
One of America’s richest Black CEOs, Craig Arnold is now $15.7-million richer
Eaton’s Chairman and CEO, Arnold, who assumed office on June 1, 2016, holds a 0.13 percent stake in the company, equivalent to 517,061 shares.
Kenyan tycoon John Kimani among directors accused of $2 million in irregular payments
The Capital Markets Authority (CMA) has summoned top executives, including Kimani and Kakuzi Managing Director Christopher Flower.