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Nigerian billionaire Femi Otedola pays tribute to legendary banker Subomi Balogun

Balogun, the doyen of investment banking in Nigeria, passed away in London last Friday at 89.

Kenyan tycoon Narendra Raval’s Devki Group to build cement plant

Raval founded Devki Group in Nairobi in 1986 as a small steel-processing and trade enterprise.

Ethiopia’s richest man Mohammed Al-Amoudi loses $300 million in just four days

Al-Amoudi holds the 500th spot on the Bloomberg Billionaires Index, with a net worth of $5.05 billion.

South Africa’s richest man Johann Rupert’s net worth declines by $800 million in 11 days

Rupert has seen his net worth slide by $800 million amid Richemont's share slump.

Kenya’s Ndegwa family overtakes Kenyattas, takes center stage as NCBA’s top shareholder

The Ndegwa family has strengthens its position in NCBA Group.


America’s richest black billionaire Robert F. Smith maintains top spot with $12 billion net worth

Robert F. Smith, America's richest black billionaire holds firm to top spot with a whopping $12 billion net worth

Nigeria’s richest banker Jim Ovia rakes in $26 million in single day as NGX soars

This recent surge has further solidified Ovia's position as one of the most affluent investors on the Nigerian Exchange.

Zimbabwe’s richest man Strive Masiyiwa sees net worth decline by $100 million

Despite the recent setback, Masiyiwa's net worth is still up by a remarkable $900 million since the start of the year.

Egypt’s second-richest man unveils $1.2 billion in investment projects in Uzbekistan

The announcement came during a meeting between Egypt's second-richest man Naguib Sawiris and Uzbek President Shavkat Mirziyoyev.