Cross-border payment firm led by Ugandan tech tycoon lays off employees again
Since its inception nearly five years ago, Chipper Cash has raised $300 million in venture capital funding, securing a valuation of $2.2 billion.
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Abu Dhabi emerges as global billionaire hub, attracting Egypt’s richest man and others
The billionaire influx includes Egypt’s richest man, a crypto industry leader, and a hedge fund tycoon.
South African-born tycoon Barry Stuhler makes $12.6 million from Lighthouse
Stuhler owns a 9.72-percent stake in Lighthouse Properties, which amounts to 172,699,222 ordinary shares in the company.
Egyptian billionaire dives into Caribbean real estate, acquires 20 acres in Barbuda
Egypt’s second-richest man Naguib Sawiris seeks to solidify his presence further in the Caribbean.
Algerian-born French entrepreneur Sue Nabi earns $149 million from Coty in 2023
Nabi’s extraordinary leadership not only secured her a substantial $149.43-million compensation but also solidified Coty’s standing as a global powerhouse in fragrance.
Tunisian tycoon Habib Essayeh gains $2.6 million as Euro-Cycles shares soar
Essayeh, Euro-Cycles’ CEO, owns a significant 33.6-percent stake in the Tunis-based automotive company.
Femi Otedola’s power company aims for $39.56 million in revenue in Q1 2024
Geregu Power aims to double revenue in the first quarter of 2024 despite operating challenges.
5 businesses owned by Kerry Washington
Washington is the founder of Simpson street, a movie production company, and owns investments in The Wing, Byte and Community.
8 companies owned by Black executive Donald Thompson
Thompson’s wealth story mirrors his influential career trajectory and unwavering commitment to fostering innovation and growth in the food and beverage sector.
5 companies owned by America’s first Black female billionaire Sheila Johnson
Billionaires.Africa reveals Johnson’s diverse business portfolio, featuring five ventures, including BET, which she and her ex-husband sold in 2001.
Refinery owned by Africa’s richest man to generate $27-billion annual revenue
The complex will initially focus on producing diesel, aviation fuel, and gas, with petrol production planned for a later stage.
South African tycoon Jonathan Jawno rakes in $5 million from stake in Transactional Capital
Jawno, a founding member of Transaction Capital, owns a 9.59-percent stake in the group.
Top Black energy executive earns $1.37 million from Dominion in 2022
Senior VP and chief legal officer at Dominion Energy, Brown, received $1.37 million for his instrumental role in the company’s financial success.
Moroccan business magnate Anas Sefrioui loses $41.2 million from ADH stake
Sefrioui, the visionary founder of the Casablanca-based real estate group who ranks as one of Morocco’s most affluent individuals, owns a 64.1-percent stake in ADH.
Top Black executive Cornelius Boone earns $5.3-million salary from eBay
Boone’s role in steering eBay to financial success, coupled with his groundbreaking leadership, is reflected in his base salary, short-term incentive, and long-term incentive.
Egypt’s second-richest man Naguib Sawiris hit by $110-million loss in 9 days
His wealth figures have plummeted due to a sharp decline in the market value of his diverse investments,