Meet seven African billionaires absent from Forbes’ 2023 billionaires list
The total number of African billionaires stands at 26.
East Africa
Kenyan entrepreneur Kagure Wamunyu’s startup, Jumba, raises $4.5 million
Wamunyu founded Jumba in 2022.
Meet Kenyan tech entrepreneur who is revolutionizing U.S. real estate with AI-Powered platform
Sakawa is spearheading the democratization of conversational AI.
Kenyan president taps steel tycoon Narendra Raval to lead national lottery taskforce
Raval was reported to have a net worth of $400 million in 2015.
Kenyan tycoon Suresh Bhagwanji Shah gains $1.4 million in 46 days
Shah is the founder of I&M Holdings.
Mauritian multimillionaire Arnaud Lagesse’s IBL acquires Kenyan drugs distributor Harley’s
IBL Group is a leading conglomerate with more than 200 brands.
Malagasy businessman Hassanein Hiridjee’s AXIAN launches new investment unit
AXIAN Group is a pan-African conglomerate.
Mauritian tycoon Arnaud Lagesse’s IBL Group backs Qotto’s $8-million Series-A equity-debt round
Lagesse’s group is investing in solar kit provider Qotto.
Elon Musk’s SpaceX secures license to launch Starlink in Rwanda
Musk’s Starlink provides global high-speed, low-latency broadband Internet.
Tech billionaire Gbenga Agboola’s Flutterwave to recover $52.5 million from Kenyan gov’t
Flutterwave is a financial technology company.
Malagasy businessman Hassanein Hiridjee’s AXIAN Group launches 1.8 MW solar power plant
AXIAN Group is now recognized as Madagascar’s top energy producer.
Kenyan businessman Paul Ndung’u challenges expulsion from Sportpesa
The move follows a special resolution by Sportpesa CEO Ronald Karauri and other key stakeholders at Pevans East Africa.
Kenyan sugar mogul Jaswant Rai takes on Kakuzi’s dominance with entry into avocado farming
Rai ranks as one of Kenya’s richest businessmen.
Tanzanian billionaire Mohammed Dewji to take on Pepsi, Coca-Cola, other world leading brands
Dewji has expressed his readiness to challenge major beverage companies.
Kenyan mogul John Kimani-linked Kakuzi gears up for showcase at Berlin’s global trade fair
Kimani owns a 32.3-percent stake in Kakuzi.
Keroche CEO Tabitha Karanja battles state capture in $112.80-million tax dispute
Keroche Breweries is one of the largest producers of alcoholic beverages in Kenya.