Kenyan multimillionaire banker James Mwangi, managing director and CEO of Equity Group Holdings Plc, has seen…
Category: Business & Opportunities
How Crypto’s Richest Billionaire Doubled His Wealth While Imprisoned
Binance founder Changpeng Zhao, who was already the richest person to go to prison and the…
Kenya’s Britam Holdings Plans Entry Into DR Congo Market
Britam Holdings, a significant financial services company partially owned by Kenya’s wealthiest investors, has declared plans…
Ronaldo Launches 8th Perfume Collection
Cristiano Ronaldo, the Portuguese professional footballer, has introduced his new perfume collection titled ‘Discover’. The 39-year-old…
Kenyan Businessman Samuel Macharia Shuts Down Company, Lays Off Staff
Kenyan businessman Samuel Macharia, chairman of Royal Credit Limited, has announced the immediate closure of Directline…
Egyptian Businessman Safwan Thabet’s Juhayna Secures $9.5 Million Credit Facility
Juhayna Food Industries, a renowned Cairo-based dairy, juice, and cooking product producer owned by Egyptian billionaire…
Moroccan Businessman Anas Sefrioui’s ADH Stake Drops Below $800 Million
Moroccan billionaire Anas Sefrioui, the main shareholder of Casablanca-based property developer Douja Promotion Groupe Addoha (ADH),…
Eswatini’s Richest Man Natie Kirsh Loses $110 Million in Less Than a Week
Swazi billionaire Natie Kirsh has seen his net worth plummet by $110 million in less than…
Namibian Tycoon Quinton van Rooyen’s Trustco Converts $238M Debt into Equity
Trustco Group, a famous investment holding firm principally controlled by Namibian billionaire Quinton van Rooyen and…
UK Investor Sells $27M Stake in Bank Founded by Kenyan Entrepreneur
British International Investment (BII), the UK’s development finance institution and impact investor, has sold its 10.13%…
Stormi Steele Becomes First to Reach $1 Million in Sales from a Single TikTok Live
Meet Stormi Steele, the founder of Canvas Beauty, a beauty brand she created in one night.…
Egypt’s El-Sewedy Family Nets $88.91Million in Q1 2024 Profit
El-Sewedy Electric, an Egypt-based multinational electrical company led by the Egyptian billionaire El-Sewedy family, reported a…
Egyptian Tycoon Hani Berzi Loses $15.8 Million on Edita Stake
The value of Egyptian billionaire Hani Berzi’s investment in Edita Food Industries fell by roughly $15.8…
Aziz Akhannouch’s Afriquia Gaz Stake Drops Under $430 Million
Moroccan Prime Minister Aziz Akhannouch, one of Africa’s billionaires, has seen his wealth decrease as the…
Angola: Agostinho Kapaia’s Group Secures $1.3 Billion in Contracts within 2 Years
Grupo Opaia SA, a holding firm based in Luanda and created by Angolan billionaire Agostinho Kapaia,…
Edita Food Shares Soar, Increasing Hani Berzi’s Stake by $17.2 Million
Hani Berzi, an Egyptian businessman, has seen the market value of his investment in Edita Food…
Botswana-based Tycoon Jonathan Gibson’s Chobe Declares $5.29 Million Dividend
Chobe Holdings (Chobe), a tourism corporation chaired and partially owned by Botswana-based businessman Jonathan Gibson, plans…
French-Algerian Entrepreneur Sue Nabi Loses $33.6M from Coty Stake
Sue Youcef Nabi, an Algerian-born French entrepreneur and business executive, has seen the market value of…
Global Stocks Mostly Fall On Lingering Worries Over Inflation
Global markets mainly fell Wednesday after British inflation data dashed hopes for a rapid Bank of…
World Economic Forum Founder Schwab To Retire From Leadership Role
Klaus Schwab, the World Economic Forum’s creator and face for decades, will step down from executive…
5 African Cities Where Buying Beats Renting for Homeownership Advantage
While renting in African cities provides some short-term advantages, the benefits of owning a property are…