Nigeria’s fourth-richest man Femi Otedola invests big in Dangote Cement
This investment follows Otedola’s return to the Forbes Africa’s Richest List, where he now boasts an estimated net worth of $1.2 billion.
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America’s richest Black billionaire Robert F. Smith unveils Vision for AI future at Davos
Smith emphasized the integration of AI into companies’ operations, drawing parallels with past transformative innovations like the internet and the cloud.
$9-trillion Wall Street giant lands in Nigeria following takeover of billionaire Adebayo Ogunlesi’s GIP
The strategic move comes in the wake of BlackRock’s announcement of its intention to acquire GIP in a deal valued at $12.5 billion.
Namibian tycoon Quinton van Rooyen’s Trustco seals $50-million deal with U.S. fund RVF
Trustco detailed its plan to issue new shares to RVF through an option, solidifying RVF’s position as a key anchor investor with a cash injection of up to $50 million.
TymeBank, backed by billionaire Patrice Motsepe, achieves first-ever profit milestone
Motsepe, the influential owner with a substantial stake in TymeBank, emphasized the bank’s appeal to a more affluent consumer market.
5 companies linked to African-American investment titan Gerald Smith
Beyond the boardrooms, discover Smith’s commitment to positive change.
Moroccan real estate mogul Alami Lazraq gains $36.6 million from ADI Stake
This surge strengthens Alami Lazraq’s standing among the top investors on the Casablanca stock exchange
Eswatini’s richest man Natie Kirsh rakes in $100 million in just nine days
The recent $100-million boost in Kirsh’s wealth is linked to the outstanding performance of his private investments.
South African billionaire Christo Wiese faces $54.7-million loss from Shoprite stake
Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at more than $920 million.
Africa’s richest man Aliko Dangote’s net worth skyrockets, exceeding $17 billion
In just 17 days of 2024, he has already regained over $2 billion.
South African billionaire Patrice Motsepe-linked insurer eyes India for growth
India’s economy is growing nearly five times faster than South Africa’s.
Consortium including Nigerian tycoon Abdulrazaq Isa’s group to acquire Shell assets for $1.3 billion
Notably, Waltersmith Group, led by Nigerian businessman Abdulrazaq Isa, brings extensive experience in oil exploration and production.
Tunisian tycoon Habib Essayeh’s Euro-Cycles shares slump by $2.65 million
Essayeh owns a 33.6-percent stake in the bike maker, making him not only the largest shareholder in the Tunis-based automotive enterprise.
South African executive Shameel Joosub earns $3.4-million salary from Vodacom
His compensation package includes a R16.64-million ($0.88 million) base salary, accompanied by a short-term incentive of R14.03 million ($0.74 million).
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Bank launches eight new branches
The newly unveiled branches bring the total I&M Group branch network to 93 in the region. Out of these, 49 are strategically positioned throughout Kenya.
Africa’s first female billionaire accuses Angolan government of political persecution
Accused of embezzlement and fraud, dos Santos, through her lawyer, claims the allegations are politically motivated.