Egyptian billionaire Naguib Sawiris’ net worth skyrockets to $5.8 billion
Sawiris predominantly holds his wealth in cash and closely held assets.
John Moxon’s stake yields $18.4 million in 14 weeks, cementing his status as one of Zimbabwe’s top investors
Moxon owns a 10.8-percent stake in Meikles Limited.
African-American billionaire Tyler Perry reaffirms interest in BET acquisition, says he’s ‘very, very interested’
Perry owns a minority stake in BET Media Group, as well as BET+, a high-end digital streaming platform.
Moroccan businesswoman Lamia Tazi’s Sothema records over $27 million in profit in 2022
Tazi owns a significant 8.4-percent stake in Sothema.
Egyptian billionaire Nassef Sawiris, partner inject $25 million into Aston Villa
The cash is interest-free and likely to be used to fund day-to-day operational activities.
Nigerian billionaire Abdulsamad Rabiu set to receive whopping $162-million dividend from BUA Foods
Rabiu is also anticipating another handsome dividend of $198 million from his shareholding in BUA Cement.
Moroccan billionaire Aziz Akhannouch suffers $400-million net worth drop in first quarter of 2023
The decline in Akhannouch’s net worth can be linked to his shares in Afriquia Gaz SA.
Nigerian tech entrepreneur Favor Ori’s PayDay continues rapid expansion with Kenya launch
PayDay is a fintech startup that facilitates global money transfers for Africans.
Zimbabwean billionaire Strive Masiyiwa’s Liquid opens cybersecurity center in Zambia
Liquid C2 operates as a subsidiary of Zimbabwean billionaire Strive Masiyiwa’s Liquid Intelligent Technologies.
Led by Africa’s richest man, Dangote Industries completes $650-million bond listing
The listing is the largest issuance of local currency bonds on the capital market so far this year.
Led by Mauritian mogul Arnaud Lagesse, IBL Group acquires stake in Equator Energy
Lagesse is CEO of IBL Group, one of the largest conglomerates in Mauritius.
America’s richest black person Robert Smith’s firm targets $500 million from event management platform sale
Smith is worth $12 billion, making him the richest Black person in the United States.
Nigerian billionaire Theophilus Danjuma loses bid to acquire Angolan oil block
Danjuma is the founder of SAPETRO.
South African tycoon Zunaid Moti steps down from business empire over fraud charges
Moti is the founder of Moti Group, a large South African conglomerate.
Nigerian billionaire Femi Otedola urges incoming gov’t to fix electrcity transmission
Otedola is the chairman of Geregu Power Plc, a publicly traded power generating company.
Nigerian energy tycoon Michael J. Prest wins legal victory in Caribbean island of Nevis
Prest is the founder of BONI, an international bank offering private and wealth management services.