The world’s premier source of news and information on billionaires and ultra-high net-worth individuals (UHNWIs) in the Horn of Africa.
Zepz reported a loss of $151 million at the end of its fiscal year in 2021.
The world’s premier source of news and information on billionaires and ultra-high net-worth individuals (UHNWIs) in the Horn of Africa.
Zepz reported a loss of $151 million at the end of its fiscal year in 2021.
Under the leadership of Duale, Dahabshiil has grown into the largest money transfer business in Africa.
The decline in his net worth brings his year-to-date wealth loss to $1.61 billion.
Al-Amoudi still remains Ethiopia’s richest man and one of Africa’s wealthiest businessmen.
Diaspora remittances are a lifeline for many people in the Horn of Africa
His net worth fell in the first two weeks of August by $140 million.
The increase in his net worth follows a $1-billion wealth loss in the first half of 2022.
Zepz, the parent company of WorldRemit, stated that it has yet to formally announce an IPO timeline.
WorldRemit was founded by Ahmed, Richard Igoe, and Catherine Wines in 2010.
Al-Amoudi has lost his position as Africa’s sixth-richest man to Nigerian billionaire Mike Adenuga.