Zenith Bank pays Jim Ovia $12.7 million in dividends
Jim Ovia takes home $12.7 million in dividends as Zenith Bank delivers record profits and boosts shareholder payouts.
Billionaires Africa
Nigeria’s central bank fines Paystack, co-founded by Shola Akinlade
CBN fines Paystack N250 million ($0.19 million) for allegedly running a wallet service via its Zap app, breaching its switching and processing license.
Natie Kirsh may rethink $1.2 billion takeover after rival stake purchase
In April, Kirsh, through his family office Ki Corporation, teamed up with Public Storage to bid for Abacus Storage King.
Palantir CEO back among Black billionaires worth over $10 billion
Alex Karp’s net worth rebounds to $10.7 billion as Palantir stock surges over 37% in April, regaining his spot among top Black billionaires.
Craig Arnold, one of America’s Black CEOs, gains $32 million from Eaton’s shares
This uptick follows a notable decline in March, when Arnold’s stake dropped by $28.9 million, briefly reducing its market value to $201.88 million.
15 companies owned by Nigerian tycoon Emeka Offor
Emeka Offor's empire spans key sectors like oil, gas, power, logistics, and media, driving Nigeria’s economic development and creating lasting industry impact.
Beyoncé kicks off Cowboy Carter tour following $579 million Renaissance tour
Beyoncé integrates premium whisky brand, SirDavis, into tour branding, expanding her billion-dollar empire.
Jim Ovia’s stake in Zenith Bank rebounds above $150 million
Recent stock gains have boosted Ovia’s stake by $12 million, raising its value from $139.59 million to $151.48 million.
Africa’s richest man Aliko Dangote’s jet could fetch up to $78 million
The 2020 Bombardier Global 7500 stands as the epitome of modern business aviation, known for its outstanding range, sleek design, and unrivaled comfort.
Reinet, led by Johann Rupert, posts $7.9 billion in net assets
Reinet, led by Johann Rupert, posts $7.89 billion in net assets as it shifts away from tobacco and toward diversified, long-term investment growth.
Sue Nabi, Algerian-born French beauty mogul, loses $21 million from Coty
This is linked to the recent decline in Coty’s share price on the New York Stock Exchange.
Nigerian businesswoman arrested over alleged $150 million fraud
Her lawyer, Chikaosolu Ojukwu, confirmed the arrest, stating Aisha Achimugu voluntarily returned from London and was detained by EFCC operatives at 5 a.m.
Africa’s richest man Aliko Dangote lists another private jet for sale
Aliko Dangote is selling his 2020 Bombardier Global 7500, a high-end private jet with 1,527 flight hours and 487 landings.
Sibanye, led by Neal Froneman, plans to shut loss-making assets
The company warned that its South African PGM operations may no longer be viable if prices don’t recover soon.
Malawi’s richest man loses $183 million from FMB Capital stake
A recent dip in FMB Capital’s share price on the Malawi Stock Exchange has shaved $183 million off Hitesh Anadkat’s investment.
Burkina Faso's richest man to complete $370 million Gabon airport before 2030
This latest disclosure comes just weeks after President Brice Clotaire Oligui Nguema broke ground on the project in March 2024.