Led by Mauritian mogul Arnaud Lagesse, IBL Group acquires stake in Equator Energy
Lagesse is CEO of IBL Group, one of the largest conglomerates in Mauritius.
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Ghanaian Shipping tycoon Daniel McKorley’s salt company fingered in electricity theft
Electrochem Ghana Limited is a subsidiary of McKorley’s McDan Group.
Nigerian billionaire Theophilus Danjuma loses bid to acquire Angolan oil block
Danjuma is the founder of SAPETRO.
7 companies owned by Tanzanian billionaire Rostam Aziz
Aziz is one of the richest businessmen in East Africa.
Kenyan multimillionaire banker James Mwangi to pocket $3.87 million in dividends from Equity Group
Mwangi holds a 3.38-percent stake in Equity Group.
South African tycoon Zunaid Moti steps down from business empire over fraud charges
Moti is the founder of Moti Group, a large South African conglomerate.
Nigerian oil tycoon Adewale Tinubu’s Oando rebounds from losses, profit soars above $75 million
Oando is a Nigerian integrated energy solutions provider.
Nigerian businessmen Kola Aluko, Jide Omokore forfeit $53 million to U.S. Justice Department
Aluko and Omokore paid bribes to Nigeria’s former petroleum minister to corner juicy contracts.
Nigerian tech entrepreneur Shola Akinlade buys European football club one year after launching club in Lagos
Akinlade is now the majority owner of Aarhus Fremad.
Dar es Salaam-based tycoon Hans Macha rakes in $1.2 million in three months from stake in CRDB
Macha owns 1.9 percent of CRDB Bank.
Nigerian philanthropist Afe Babalola donates $12.2 million to King’s College London to empower African youths
The generous contribution will be used to establish the Afe Babalola African Center for Transnational Education at King’s College London.
Abdul Samad Rabiu’s net worth skyrockets to $8.2 billion, now closer to being Africa’s third-richest person
Rabiu is also one of the continent’s most prominent philanthropists.
America’s second-richest Black person David Steward gains $664 million
Steward’s net worth is mostly derived from his 59-percent stake in World Wide Technology.
Jay-Z achieves $2.5-billion net worth milestone, tying with media mogul Oprah Winfrey
In 2019, Jay-Z became hip-hop’s first billionaire.
Hitesh Anadkat, one of Malawi’s richest businessmen, amasses $73-million fortune in one year through FMB Capital stake
Anadkat’s stake in FMB Capital has risen significantly, firmly establishing him as one of Malawi’s richest men.
Basketball legend Michael Jordan gains $300 million as net worth hits $2 billion
Jordan is the first athlete to amass a billion-dollar fortune.