Somali tycoon Ismail Ahmed’s Zepz denies delays in $6-billion IPO
Zepz, the parent company of WorldRemit, stated that it has yet to formally announce an IPO timeline.
Horn of Africa
Somali businessman Ismail Ahmed’s WorldRemit expects school reopening to boost diaspora remittances to Kenya
WorldRemit was founded by Ahmed, Richard Igoe, and Catherine Wines in 2010.
Ethiopia’s richest man Mohammed Al-Amoudi loses nearly $1 billion this year
Al-Amoudi has lost his position as Africa’s sixth-richest man to Nigerian billionaire Mike Adenuga.
Meet the 7 richest Black women in the United States in 2022
The most recent addition to the list is U.S. businesswoman Emma Grede.
Queen’s bank honors Somali tycoon Abdirashid Duale for contribution to financial sector
His company Dahabshiil has grown into a leading African money transfer business.
Somali tycoon Abdirashid Duale’s Dahabshiil wins UK Global Good Governance award
Duale said the awards highlight the company’s socioeconomic development work.
U.S. billionaire Michael Bloomberg announces $242-million investment to deliver clean energy in Africa
The funds will supplement his existing philanthropic projects.
Ethiopian billionaire Mohammed Al-Amoudi falls from world’s 367th to 406th richest man
His net worth fell after Preem, Sweden’s largest oil refiner, reported a 31-percent drop in revenue.
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.
Somali tycoon Abdirashid Duale, others raise $8 million to rebuild burned-out market
Duale, a Somali multimillionaire, is the CEO of Dahabshiil, a global money transfer company founded in 1970.
Billionaire businessman Mohammed Al-Amoudi loses over $370 million in 62 days
The mogul controls valuable assets in Sweden, Saudi Arabia and Ethiopia, and is Ethiopia’s richest man.
Somali businessman Ismail Ahmed’s WorldRemit now has over 5.7 million customers globally
WorldRemit has serviced 5.7 million users in 130 countries, utilizing 70 different currencies.
Somali businessman Abdirashid Duale’s Somtel partners with Telesom to facilitate connectivity
Somali multimillionaire billionaire Abdirashid Duale owns 95 percent of Somtel.
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth slumps by $268 million since start of 2022
With a fortune of $6.45 billion, Al-Amoudi is one of Africa’s richest men and the wealthiest man in Ethiopia.
Sudanese tycoon Osama Daoud Abdellatif’s DAL Group offers Zain $1.3 billion for telecom business in Sudan
DAL Group is a Sudan-based conglomerate with investments and active operations across several sectors.
Somali multimillionaire businessman Ismail Ahmed seeks funding at $5-billion valuation
WorldRemit is a cross-border digital payments platform that provides money transfer services.