The wealth gains solidify his position as not only Africa’s richest man but also the world’s richest Black man.
Africa’s richest people
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- Hot News
Aliko Dangote’s $19-billion oil refinery nears completion; oil production to launch in September
The recent disclosure comes amid a fuel crisis in the country and a spike in global energy prices.
- Hot News
Aliko Dangote’s cement company posts all-time high sales; profits exceed $870 million in 2021
Dangote Cement is Africa’s largest cement producer, with a production capacity of 51.55 million tonnes per year.
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Kenya is part of an elite group of five African countries accounting for over half the continent’s private wealth held by individuals.
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The top 20 investors on the Nigerian Stock Exchange have amassed staggering wealth through equity stakes in their own and other companies.
- East Africa
Kenyan Court of Appeal dismisses board of Benson Ndeta’s Savannah Cement
by Ishioma Emiby Ishioma EmiThe move comes after protracted legal battles over the insider purchase of a share in the company.
- East Africa
Ali Abdallah Hettam’s Djibouti-based lender acquires 100 percent of Kenya’s Uwezo Microfinance Bank
by Ishioma Emiby Ishioma EmiThe Central Bank of Kenya announced the acquisition.
- East Africa
Huawei teams up with Safaricom to offer innovative solutions for restaurants
by Ishioma Emiby Ishioma EmiThe Scan & Order solution will help digitize menus and ordering systems.
- Southern Africa
Mandela foundation launches $80,000 Äänit Prize to support projects with positive punch in Africa
by Ishioma Emiby Ishioma EmiThe prize will go to projects that have a high potential for impact.
- West & Central Africa
Flutterwave, Basketball Africa League partner up to drive economic growth in Africa
by Ishioma Emiby Ishioma EmiThe multi-year partnership is aimed at assisting micro-, small- and medium-sized enterprises.