10 companies owned by world’s first Black billionaire, Robert L. Johnson
In 2001, Johnson made history by selling BET to Viacom for an astonishing $3 billion, making him the first Black billionaire.
South African tycoon Zunaid Moti counters investigation into Zimbabwean lithium mine, cites valuation up to $1.4 billion
Moti, one of South Africa’s most controversial businessmen, is the founder of the Moti Group.
Kenyan banker Suresh Bhagwanji Shah to build $22-million hospital in Nairobi
Shah is a top figure in Kenya’s banking industry. He is renowned for founding I&M Group.
Wealthy Kenyan tycoon Andrew Ndegwa loses over $2 million in 49 days
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and ranks as one of the country’s richest businessmen.
Firm linked to Africa’s first Black billionaire Patrice Motsepe to build $132-million solar plant
Through African Rainbow Energy, Motsepe owns an indirect 40-percent stake in SOLA Group.
5 companies owned by Morgan Freeman
Billionaires.Africa highlights five companies under Morgan Freeman’s ownership, cementing his status as an entertainment and business titan.
Kenya’s second-largest landowners, Moi family protests half-a-million-dollar legal bill
The Moi family, renowned for its significant influence in both business and politics, has emerged as one of Kenya’s wealthiest families.
Burkinabe tycoon Idrissa Nassa’s Coris Bank advances as finalist in Cape Verde bank acquisition
Under the leadership of Nassa, Coris Bank has emerged as a formidable force in the financial services industry.
South African banker Alan Pullinger loses $2.7 million from FirstRand stake
Alan Pullinger remains one of South Africa’s most affluent executives and one of the wealthiest investors on the Johannesburg Stock Exchange.
Naivas, owned by Kenya’s Mukuha family, faces penalty for data breach violation
Naivas, a retail giant established in 1990 by the late Kenyan tycoon Peter Mukuha Kago, has long held a dominant presence in Kenya.
Byron Allen offers $10 billion to acquire Disney’s ABC network and cable channels
After pursuing a majority stake in BET Media Group, Allen’s recent bid represents a major development in the rapidly evolving media landscape.
South African exec Tsholofelo Molefe earns $1.1-million salary from MTN Group in 2022
Under Molefe’s astute leadership as group CFO, MTN Group has experienced a remarkable surge in profitability and revenue.
Nigerian energy tycoon Wale Tinubu gains $40 million from Oando stake
Tinubu, a towering figure in the Nigerian energy industry, who owns 66.67 percent of Ocean and Oil Development Partners (OODP), has an indirect stake in Oando.
Bank led by Kenyan tycoon James Mwangi partners with MasterCard to expand cross-border payments
Under the visionary leadership of Mwangi, Equity Group has emerged as a dominant force in East and Central Africa.
Nigerian business mogul Ernest Azudialu-Obiejesi orders $76-million luxury jet
Azudialu-Obiejesi’s decision to procure the G-700 aircraft underscores his commitment to building a world-class energy conglomerate.
Kenya’s wealthy Merali family suffers $3.2-million loss from Sasini Tea stake
The Merali family has seen the market value of their shares in Sasini drop by Ksh462.95 million ($3.15 million) in the past 21 days.