Nigerian oil billionaire Tein Jack-Rich declares interest in presidency
Tein Jack-Rich is the founder of Belemaoil Producing Limited.
West & Central Africa
Nigerian billionaire Aliko Dangote becomes world’s 61st richest man
Dangote derives the majority of his net worth from his 86-percent stake in Dangote Cement.
Cameroonian banker Alain Nkontchou acquires additional stake in Ecobank for $690,000
Ecobank is one of West and Central Africa’s leading independent regional banking groups.
Greek tycoon John Coumantaros gains $54.1 million from stake in Flour Mills
Coumantaros owns a 63.34-percent stake in the agro-allied group.
Nigerian logistics tycoon Taiwo Afolabi becomes chairman of Sifax Group
After working for Nigerian Express Agencies Limited in the 1980s, Afolabi founded SIFAX Group in 1988.
US rumored to be building world’s largest consulate in Nigeria with billionaire Gilbert Chagoury
In 2000, a Swiss court reportedly convicted Chagoury of laundering funds looted by Nigeria’s late military leader Sani Abacha.
Cosmetics billionaire Rihanna to launch skincare brand Fenty Beauty into Africa
Rihanna is the 1,729th richest person in the world.
Abdul Samad Rabiu’s BUA Foods acquires shipping vessels to drive West African sugar exports
The new vessel will depart and berth at BUA’s port and terminal.
Investors looking to acquire Aliko Dangote’s cement firm must make at least $13-billion offer
His 86-percent stake in Dangote Cement is valued at $10.3 billion.
Nigerian lawyer Tola Onayemi’s Norebase raises $1 million in pre-seed funding
Onayemi founded Norebase in 2019.
Led by Ghanaian tycoon, Samuel Jonah, Helios Towers posts $127.5 million in revenue in Q1 2022
Its revenue rose by 23 percent to $127.5 million.
Ivorian banker Niamkey Isidore Tanoe launches financial holding, Majoris Financial Group
The move comes weeks afterTanoe was replaced as CEO of Atlantique Finance.
Nigerian billionaire Mike Adenuga’s Conoil reports $1.34 million in profit in Q1 2022
Adenuga’s 74.4-percent stake in the company is worth $32.6 million.
Africa’s richest man Aliko Dangote’s net worth rises by $1.57 billion
This is significantly greater than the $1.3-billion increase in his net worth in 2021.
Swazi billionaire Natie Kirsh loses $280 million in April 2022
The loss is due to a decrease in the valuation of his majority stake in Jetro Holdings.
Nigerian tycoon Oba Otudeko pockets $53 million from Flour Mills-Honeywell deal
Otudeko owns 66.8 percent of Honeywell Flour Mills.