Wednesday, April 24, 2024

Latest Stories

South African tycoon Giovanni Ravazzotti takes $8.6-million hit on Italtile stake
Marketers anticipate Africa’s richest man Aliko Dangote to slash diesel price to less than $0.7 per liter
South African billionaire Stephen Saad’s Aspen to boost global supply of obesity medication
Kenyan tycoon Gideon Muriuki-led bank’s wealth arm hits $1.7 billion in assets under management
Anthony Tiffith: A ‘Top Dawg’ in the business realm
South African tycoon Tshepo Mahloele’s Capitec Bank stake slips after $1-billion milestone
Egypt’s Khamis family gains $18.8 million from Oriental Weavers stake
Egyptian tycoon Hisham Talaat Moustafa’s TMG share loses $109 million in value
South African-born billionaire Patrick Soon-Shiong loses $800 million in 13 days
Egyptian tycoon Ahmed El Sewedy’s electric firm announces $22-million dividend for shareholders
Hot News

South African-born billionaire Patrick Soon-Shiong’s wealth surges above $11 billion

The surge in Soon-Shiong’s net worth in 2024 highlights the success of his investments, particularly in biotech firm ImmunityBio.

Kenya’s wealthy Merali family loses $1.9 million from investment in Sasini Tea
Companies and ventures linked to the late Nigerian banker Herbert Wigwe
Tanzanian billionaire Rostam Aziz to pocket millions from sale of container terminal
Egyptian billionaire Yasseen Mansour rakes in $2.8 million from real estate firm
India’s richest man Gautam Adani ventures into Tanzania with Ticts acquisition
This Week In Review: A Snapshot of African Wealth Dynamics — Strategic Moves by Peters, Otedola’s Dividend Windfall, and Dangote’s Expansion (Feb. 5 to 10)
Hot News

Marketers anticipate Africa’s richest man Aliko Dangote to slash diesel price to less than $0.7 per liter

Hot News

South African billionaire Stephen Saad’s Aspen to boost global supply of obesity medication

Hot News

Kenyan tycoon Gideon Muriuki-led bank’s wealth arm hits $1.7 billion in assets under management

Hot News

Anthony Tiffith: A ‘Top Dawg’ in the business realm

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West & Central AfricaView All

Hot News
Ghanaian executive Selorm Adadevoh guides MTN Ghana to $1-billion revenue in 2023
Hot News
Marketers anticipate Africa’s richest man Aliko Dangote to slash diesel price to less than $0.7 per liter
Nigerian tycoon Tony Elumelu-linked power company reports strong Q1 2024, revenue tops $60 million
Nigerian tycoon Tony Elumelu’s Transcorp Hotels sells entire stake in Calabar unit
Africa’s richest man Aliko Dangote’s refinery ramps up production with U.S. crude
Nigerian billionaire Femi Otedola nears $2-billion net worth as naira strengthens

East AfricaView All

East Africa
Kenya’s Merali family suffers almost $4-million loss from Sasini Tea stake
East Africa
Kenya’s wealthy Merali family loses $1.2 million from Sasini Tea stake
Bamburi Cement, backed by Kenyan tycoon Baloobhai Patel, to distribute $15 million to shareholder
Kenyan entrepreneur Tesh Mbaabu’s startup shuts down B2B distribution unit after $40-million fundraise
Kenyan tycoon Suresh Bhagwanji Shah loses $6.2 million from I&M Bank stake
Kenyan tycoon Gideon Muriuki’s Co-op Bank provides $3.75-million boost to brokerage unit

Southern AfricaView All

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Latest News

Karooooo shares propel South African tech leader Zak Calisto’s wealth by $33 million
Moroccan tycoon Anas Sefrioui faces $190-million loss in ADH stake within a week
Nigerian chess master Tunde Onakoya seeks $1-million funding for initiative

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