Ye’s net worth slumps by $1.6 billion to $400 million in days
Ye’s $400-million fortune is made up of real estate, cash, a music catalog, and a five-percent stake in Skims.
OPEC says Aliko Dangote’s petrochemical refinery to account for over half of Africa’s refining additions
THE Dangote Refinery is a $19-billion integrated petrochemical refinery complex.
U.S. billionaire Jeff Bezos’ cloud computing business AWS opens first office in Nigeria
AWS is a subsidiary of Amazon.com.
Egyptian mogul Hend El-Sherbini’s IDH to launch diagnostic venture in Saudi Arabia
IDH is a major consumer healthcare group in the Middle East and Africa.
South African tycoon Stephen Brookes’ Balwin Properties posts $9 million in mid-year profit
Brookes owns a 36.08-percent stake in Balwin Properties.
Lesotho tycoon Sam Matekane sworn in as prime minister
Matekane is the founder of Matekane Group.
Nigerian aviation tycoon Sam Iwuajoku’s ExecuJet bags partnership deal with Gulfstream
Iwuajoku controls ExecuJet in Nigeria.
Controlled by Moroccan PM Aziz Akhannouch, Afriquia Gaz to acquire Total Mauritania
Akhannouch’s indirect stake in Afriquia Gaz is valued at $435.1 million.
Africa’s richest man Aliko Dangote’s net worth slumps by $200 million in October
Aliko Dangote is the world’s richest Black person.
American-Nigerian telecom tycoon Sam Darwish’s IHS Holding to spend $214 million to cut carbon footprint
Darwish owns 3.5 percent of the telecom infrastructure company.
Ethiopian billionaire Mohammed Al-Amoudi gains $130 million in 30 days
Al-Amoudi derives the majority of his fortune from Preem and Svenska Petroleum Exploration.
Kenyan tech tycoon Julius Mwale meets President Julius Bio to discuss interest in Sierra Leone
Mwale is the primary investor in Mwale Medical and Technology City.
South African billionaire Koos Bekker loses $345.5 million in 110 days from stake in Prosus
Naspers is a top cable TV operator and e-commerce investor.
Egyptian billionaire Naguib Sawiris looks to invest $100 million in Morocco’s tech sector
Sawiris recently announced the planned investment move.
Somali tycoon Ismail Ahmed’s Zepz to end 2022 in profit
Zepz reported a loss of $151 million at the end of its fiscal year in 2021.
Egyptian billionaire Nassef Sawiris gains $370 million as net worth rebounds above $6.5 billion
The majority of Sawiris’ fortune stems from his 38.8-percent stake in OCI N.V. and his six-percent stake in Adidas.