Magnate Theophilus Danjuma’s million-dollar medical center opens in southeastern Nigeria
The project, conceived in March 2022, was unveiled by the 84-year-old businessman, politician, and retired army general.
Son of South Africa’s second-richest man acquires Nigeria’s biggest beverage can maker
Prior to the recent acquisition, the Jonathan Oppenheimer-led firm already held a majority 62.5-percent stake in GZI.
Lewis Hamilton makes $55 million in 2023 becoming F1’s second-highest-paid driver
British F1 maestro Lewis Hamilton stages a stellar comeback, securing the third spot in the latest season after a brief setback in 2022.
Skims, $4-billion shapewear company linked to Kanye West, weighs IPO in 2024
Co-founded by Kanye West’s ex-wife, Kim Kardashian, the shapewear company is considering future pathways for growth and expansion.
Top Black executive Yvonne Greenstreet earns $4.6-million salary from Alnylam in 2022
Greenstreet’s rise to COO in 2016 marked the beginning of her impactful journey at Alnylam.
Zimbabwe’s richest man Strive Masiyiwa grants 11,100 scholarships to vulnerable children
Masiyiwa is a trailblazer in Africa’s mobile telecom industry, leading Econet Global, a digital services provider in Sub-Saharan Africa.
Michael Jordan ‘no longer’ among world’s top 1,000 richest billionaires
On Oct. 5, the bar for entry into the world’s top 1,000 richest people was $2.9 billion.
Aliko Dangote expects $20-billion refinery to reach 650,000 bpd capacity by 2024
The Dangote Oil Refinery is set to receive its first cargo of 6 million barrels from the Nigerian National Petroleum Corporation Limited (NNPC).
Nigeria’s richest banker Jim Ovia’s Zenith Bank announces expansion into France
Founded in 1990 by Ovia, Zenith Bank has become a leading lender not only in Nigeria but across anglophone West Africa.
America’s richest Black man Robert F. Smith loses $600 million in 19 days
Smith slips; trails KKR’s Henry Kravis on the Bloomberg Billionaires Index.
Zimbabwean tycoon John Moxon’s stake in Meikles surges above $100 million
This $18.4-million surge firmly cements his place as one of the leading investors on the Zimbabwe Stock Exchange.
Africa’s richest man Aliko Dangote’s refinery to commence production in December
The IEA recently commended Dangote and his refinery as a transformative force poised to drive oil demand growth in the coming decade.
Africa’s first Black billionaire Patrice Motsepe’s ARM acquires stake in South African nickel mine
This acquisition aligns with Motsepe’s earlier announcement of ARM’s proactive pursuit of valuable lithium and copper assets.
North Africa’s richest man Nassef Sawiris gains $350 million in 12 days
This solidifies his standing as one of Africa’s wealthiest individuals. His year-to-date gains now total $576 million.
Kenyan banker James Mwangi says Equity Group’s DRC unit will soon overtake Kenya
Mwangi credited the growing influence of Equity Group’s subsidiaries, especially the DRC unit, for the overall performance of the group in the first nine months of 2023.
Africa’s richest man Aliko Dangote makes $800 million in 10 days
Dangote’s $800-million wealth surge and net worth recovery stand out as the Nigerian naira gains momentum, reclaiming ground on the official market.