10 African U.S. dollar billionaires who Forbes missed
Meet 10 African billionaires who did not feature in Forbes’ annual ranking of the world’s richest people.
Forbes African billionaires
Forbes list reveals 19 African billionaires, up from 18, despite $3.1-billion wealth dip
African billionaires continue to symbolize the continent’s economic growth.
Nigerian billionaire Aliko Dangote reigns as Africa’s richest man for 12 consecutive years
The slump can be linked to the performance of his stake in his flagship business, Dangote Cement.
Africa’s richest man Aliko Dangote loses $702 million on last trading day of May
Dangote derives nearly half of his $20-billion fortune from his 86-percent stake in Dangote Cement.
Modern African family’s cultures and wealth
A family business at its most basic format is an interaction of the business system and the family system.
Ethiopia’s richest man Mohammed Al-Amoudi has now lost over $1.9 billion in one year
The drop in the Ethiopian billionaire’s net worth can be attributed to a fall in the collective valuation of his industrial assets in Sweden, Saudi Arabia, and Ethiopia.
Forty-year-old Nigerian-born businessman Tope Awotona becomes billionaire
His $1.4-billion stake in Calendly makes him the world’s eighteenth Black billionaire.
Dubai Future Foundation collaborates with Johann Rupert’s Richemont to create new luxury retail solutions
The deal will give global entrepreneurs and startups the opportunity to showcase their ideas and deploy innovative solutions.
Strive Masiyiwa’s Liquid Intelligent acquires fiber pair on Google’s Equiano subsea cable
Liquid Intelligent Technologies is a pan-African technology group.
Kenyan Court of Appeal dismisses board of Benson Ndeta’s Savannah Cement
The move comes after protracted legal battles over the insider purchase of a share in the company.
Ali Abdallah Hettam’s Djibouti-based lender acquires 100 percent of Kenya’s Uwezo Microfinance Bank
The Central Bank of Kenya announced the acquisition.
Huawei teams up with Safaricom to offer innovative solutions for restaurants
The Scan & Order solution will help digitize menus and ordering systems.
Mandela foundation launches $80,000 Äänit Prize to support projects with positive punch in Africa
The prize will go to projects that have a high potential for impact.
Flutterwave, Basketball Africa League partner up to drive economic growth in Africa
The multi-year partnership is aimed at assisting micro-, small- and medium-sized enterprises.
Aliko Dangote expresses interest in Sudan’s agricultural sector
His interest aligns with the African Continental Free Trade Area’s aim to boost intra-African trade.
High Court annuls long-contested will of Tanzanian media mogul Reginald Mengi
The Tanzanian High Court has rejected the will of the late billionaire businessman.