Nigerian mogul Pascal Dozie’s stake in MTN Nigeria now worth $148 million
Dozie still owns a 1.6-percent stake in the telecom service provider.
American billionaire Jay-Z meets Jeff Bezos in LA amid plans to acquire NFL team
Bezos is the world’s fourth-richest billionaire, while Jay-Z is the world’s 2,085th richest man.
French businessmen Jeremy Hodara, Sacha Poignonnec step down as co-CEOs of Jumia
Jumia is Africa’s leading e-commerce platform.
Australian billionaire Andrew Forrest’s firm signs deal to build 300-MW fertilizer plant in Kenya
Forrest has a net worth of $16.7 billion.
South African businessman Jens Montanana’s Datatec posts lower earnings in H1 2023
Montanana owns a significant 11.98-percent stake in the Johannesburg-based group.
South African retail tycoon Ackerman family gains $20 million in 15 days from Pick ‘n Pay
Pick ‘n Pay operates more than 2,000 stores across eight African countries.
Egyptian billionaire Nassef Sawiris-linked Fertiglobe posts $1.07 billion in profit in 9M 2022
Fertiglobe is a 58-42 percent joint venture between OCI N.V. and ADNOC.
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.