Startup led by Ethiopian entrepreneur Kidus Asfaw makes waves, raises $3.3 million in seed round
Asfaw, the CEO of Kubik, emphasized the transformative potential of the investment in fueling the company’s growth.
Horn of Africa
Meet Sudanese-American entrepreneur, Iman Abuzeid: Fourth Black woman to build a billion-dollar company
Abuzeid’s interest in Incredible Health has propelled her net worth to $350 million, making her one of America’s richest Black women.
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.
Abdirashid Duale’s Dahabshiil expresses concern over conflict in Sudan
The Duale-led group is concerned about the situation in Sudan and how it might affect its clients and customers.
Ethiopian billionaire Mohammed Al-Amoudi rakes in $160 million
Al-Amoudi’s net worth has risen by $160 million from $5.16 billion on March 16 to $5.32 billion on May 3.
Meet Sudanese-British billionaire Mo Ibrahim, with a $1.2-billion fortune
In 2005, the billionaire sold Celtel to Kuwait’s Mobile Telecommunications Co. for $3.4 billion.
Meet Dawit Abraham: Ethiopian entrepreneur revolutionizing African gaming industry
His journey as an Ethiopian entrepreneur is a story of hard work, innovation, and a passion for creating world-class products.
Somali mogul Abdirashid Duale’s Dahabshiil spearheads fund mobilization for drought relief
Duale and Dahabshiil are leading efforts to assist those in need, while much of the attention is on foreign aid.
Somali tycoon Abdirashid Duale receives recognition for supporting women’s entrepreneurship
Duale and Dahabshiil’s recent recognition comes after they received two Global Good Governance awards from Cambridge IFA.
Ethiopian billionaire Mohammed Al-Amoudi suffers $460-million setback following weeks of wealth gains
Al Amoudi’s stake in Preem has lost almost $700 million this year.
Somali businessman Jibril Hassan Mohamed’s Premier Bank to acquire struggling Kenyan lender, FCB
Premier Bank is a privately owned commercial bank that adheres to Sharia law.
Ethiopian billionaire Mohammed Al-Amoudi’s net worth soars by $161 million
Al-Amoudi is worth $5.62 billion at the time of writing.
Somali tycoon Abdirashid Duale sends aid to Turkey-Syria earthquake victims as death toll crosses 44,000
Duale is recognized for his charitable contributions and support of vulnerable Somalis.
Sudanese-British billionaire Mo Ibrahim’s net worth surges by $100 million
Ibrahim holds the distinction of being both a Black British billionaire and the wealthiest Sudanese businessman.
Ethiopian entrepreneur Dawit Abraham sells board game to Cape Town-based gaming startup
Qene Games is a game development studio.
Somali mogul Ismail Ahmed shocks industry as Zepz surpasses $800 million in funding
Zepz has continued to thrive, with its total funding increasing from $699.7 million to $800 million in two years.