Kenyan tycoon Baloobhai Patel-linked cement firm clears 60 percent of $2-million tax debt
Bamburi Cement, a prominent East African cement firm partly owned by Kenyan industrialist Baloobhai Patel, has settled 60 percent of its tax debt
Africa’s first Black billionaire Patrice Motsepe’s wealth rebounds by $200 million
The rebound in Patrice Motsepe’s net worth can be attributed to the surge in the market value of his 40.37-percent stake in ARM
Nigerian billionaire Olugbenga Agboola backs $205-million African tech fund
Olugbenga Agboola’s involvement in this new fund further underscores his burgeoning influence in the African tech ecosystem.
One of Malawi’s richest men, Thom Mpinganjira unveils multimillion-dollar cancer center
Mpinganjira shared the personal motivation behind this ambitious healthcare initiative.
Africa’s richest man Aliko Dangote moves $687 million from African ventures to Nigeria
This substantial repatriation is a testament to the confidence that prominent business leaders like Aliko Dangote have in the nation’s prospects.
Black executive Frank Clyburn earns $19.2-million salary from IFF in 2022
The compensation package highlights Frank Clyburn’s impressive stewardship of IFF and the tangible results achieved under his guidance.
Dangote, Rupert, Motsepe, and others too poor to rank among world’s 100 richest billionaires
The challenges faced by Africa’s billionaires in their pursuit of global wealth rankings serve as a stark reminder of the complex dynamics at play in the global market.
South Africa’s Ackerman family loses $55 million in 22 days from Pick ‘n Pay shares
The Ackerman family, known for their immense wealth, expansive real estate ventures, and diverse private holdings, owns a substantial 25.53-percent stake in Pick ‘n Pay.
Kenyan tycoon Arvinder Reel leads CFAO to dominate Kenya’s luxury car market
Reel’s leadership has been instrumental in the aggressive expansion of CFAO’s network of branches, dealerships, and authorized service centers across Kenya.
Africa’s richest man Aliko Dangote’s refinery to receive crude oil cargoes from NNPC
The IEA has lauded Dangote and his Dangote Oil Refinery as a pivotal force poised to stimulate oil demand growth over the next decade.
Nigerian billionaire Femi Otedola sells $6.4 million worth of Geregu Power shares
This move by Otedola reduced his stake in Geregu Power from 95.56 percent to a slightly smaller but still substantial 95.38 percent.
Aicha Evans: Senegalese-American executive who led the $1.3-billion acquisition of Zoox by Amazon
Evans’ journey, from Senegal to Paris, and from CEO to the visionary behind a billion-dollar deal, is a testament to the limitless possibilities of ambition.
Oprah Winfrey surges past Jay-Z on world’s richest list with $2.8-billion net worth
Forbes’ latest rankings position Winfrey as the world’s 1,057th richest person, leaving Jay-Z behind at the 1,224th spot.
Fani Titi, one of Africa’s leading executives, urges South Africans to ditch ‘useless’ politicians
Titi also acknowledged reasons for hope, highlighting a growing awareness of the urgent need for action to address South Africa’s challenges.
Blackstone and firm led by America’s richest Black billionaire join forces to acquire Energy Exemplar
Vista Equity Partners, under the leadership of Smith, has rapidly become a dominant force in the technology sector since its establishment in 2000.
Meet South African entrepreneur Paul Mashegoane: A serial company creator
Mashegoane’s journey is a testament to what can be accomplished when ambition, innovation, and a deep commitment to societal growth converge.