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South African tech tycoon Zak Calisto’s stake in Karooooo slumps by $106 million

Hot News Omokolade Ajayi -
Calisto founded Karooooo, a global mobility software as a service (SaaS) platform, in 2001.

South African mogul Zak Calisto loses $360 million from Karooooo stake in 2022

Hot News Feyisayo Ajayi -
Despite the recent drop in his wealth, Calisto remains one of South Africa's wealthiest businessmen.

Zak Calisto’s Karooooo posts $15.71 million in profit in H1 2022, 12-percent lower than previous year’s figures

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Karooooo is an SaaS platform that provides real-time data analytics solutions for smart transportation.

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Kenyan tycoon John Kimani gains $3.7 million in 45 days

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Kimani, known for his diverse investment portfolio, owns a 34.54-percent stake, equivalent to 6,762,133 shares, in Kakuzi. 

Hip-hop’s first billionaire Jay-Z scores legal win, pocketing $7.2 million

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The legal saga began in 2016 when Parlux, renowned for its ties with pop culture icons and fashion houses, filed a lawsuit against Jay-Z.

World’s richest Black woman Oprah Winfrey settles trademark lawsuit over ‘Oprahdemics’ podcast

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Despite losing more than $100 million in 2022, the “Queen of Talk” remains the World’s richest Black woman.

Burkinabe tycoon Idrissa Nassa’s Coris Bank acquires Societe Generale’s assets in Mauritania, Chad

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The latest move places Nassa-led bank as a key player among the new generation of emerging lenders.

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South African billionaire Patrice Motsepe-linked TymeBank surpasses 7 million customers

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TymeBank is a South African digital-only bank controlled by Africa's first Black billionaire.

Kenyan tycoon John Kimani gains $3.7 million in 45 days

East Africa 0
Kimani, known for his diverse investment portfolio, owns a 34.54-percent stake, equivalent to 6,762,133 shares, in Kakuzi. 

Hip-hop’s first billionaire Jay-Z scores legal win, pocketing $7.2 million

Hot News 0
The legal saga began in 2016 when Parlux, renowned for its ties with pop culture icons and fashion houses, filed a lawsuit against Jay-Z.

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