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.
Egyptian tycoon Ashraf Sabry’s Fawry joins forces with Taiwanese tech giant for seamless payment solutions
Fawry is a leading fintech company.
Egyptian billionaire Samih Sawiris leads $385-million investment to transform Morocco’s hospitality industry
Sawiris is a leading Egyptian billionaire and a member of the wealthy Egyptian Sawiris family.
Billionaire Robert Smith’s Vista Equity invests $16.6 million in Tyler Technologies
Vista Equity Partners is a global technology investment firm.
Tanzanian billionaire Rostam Aziz receives approval to set up gas plant in Kenya
The license sets the stage for a billionaire brawl between Aziz and Mohamed Jaffer
African-American exec Jordan Miller’s Adelphi Bank raises $24.5 million ahead of public debut
Adelphi Bank was founded with the goal of simplifying the complex world of finance.
Kenyan tycoon Chris Kirubi’s heirs gain $1.4 million from stake in investment firm, Centum
After Kirubi’s passing, his son and daughter inherited 80 percent of his fortune.
South African billionaire Koos Bekker’s Naspers backs startup in $100-million raise
Bekker’s 0.96-percent Naspers stake is valued at $740 million.
Tony Elumelu urges African entrepreneurs to invest in businesses to spur growth and employment
Elumelu is the founder of the Tony Elumelu Foundation and chairman of the United Bank for Africa.
America’s richest Black billionaire Robert F. Smith’s net worth surges by $50 million
Smith is the founder of one of the biggest U.S. tech-focused private equity firms, Vista Equity Partners.
Kenyan entrepreneur Kagure Wamunyu’s startup, Jumba, raises $4.5 million
Wamunyu founded Jumba in 2022.
Somali tycoon Abdirashid Duale sends aid to Turkey-Syria earthquake victims as death toll crosses 44,000
Duale is recognized for his charitable contributions and support of vulnerable Somalis.
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