Citadel, a leading hedge fund, recently announced plans for a 54-story headquarters in Miami. Citadel founder…
Category: Business & Opportunities
Walmart Heiress Alice Walton Now World’s Richest Woman at $95 billion
Alice Walton is on track to join the elite company of centi-billionaires, including Elon Musk, Bill…
China’s Former Richest Man Loses $14 Billion After Temu’s Parent Company Drops 30%
Colin Huang, the founder and former chairman of Chinese e-commerce business PDD Holdings, saw his net…
Kenyan Entrepreneur Paul Kimani’s Startup Raises $5 Million From Investors
Workpay, a quickly developing HR and payroll technology startup created by Kenyan entrepreneur Paul Kimani, has…
Absa Bank Kenya to Open 17,000 Agency Service Points
Absa Bank Kenya, a Nairobi-based institution partly controlled by Kenyan businessman Baloobhai Patel, has launched a…
Egyptian Businessman Mohammed Elsewedy’s Investment in Electric Giant Nears $500 Million
Mohammed Elsewedy, an Egyptian businessman, is strengthening his position as one of the country’s wealthiest individuals,…
Kenya’s KCB Group Resumes Dividends After an 87% Profit Jump to $225 Million
KCB Group, under the leadership of CEO Paul Russo, is back to rewarding its shareholders with…
Craig Arnold’s Eaton Shares Surpass $150 million in Value
Craig Arnold, one of America’s most notable Black CEOs, has seen his fortune rise significantly, with…
Egyptian Billionaire Hani Berzi’s Edita Foods Stake Drops by $11.63 Million
Egyptian billionaire Hani Berzi’s wealth has plummeted, with the market value of his share in Edita…
Uganda: Umeme’s Shareholder Equity Declines by 14.4%
Umeme Limited, Uganda’s main electricity distributor chaired by Patrick Bitature, reported a 14.4 percent drop in…
Senegal ‘Agri-Influencers’ Seek To Shake Up Key Sector
Crouched next to a pile of fresh mangoes, Senegalese farmer Mame Abdou Diop shoots a TikTok…
SA Billionaire Christo Wiese’s Shoprite Shares Increase by $107 Million
Christo Wiese, a South African billionaire, has seen his wealth grow significantly, with his holding in…
Kenyan Tycoon Gideon Muriuki’s Co-op Bank Posts 7% Profit Rise
Co-operative Bank of Kenya, led by Managing Director Gideon Muriuki, announced a 7% increase in net…
South African Mogul Laurie Dippenaar Nets $32.6 Million from FirstRand Shares
Laurie Dippenaar, a South African business entrepreneur, has experienced a significant increase in the market value…
MTN Posts First Loss Since 2016
MTN Group, led by Zimbabwean executive Ralph Mupita, reported its first financial loss since 2016, mostly…
Kenya Govt Plans To Reinstate Some Taxes To Raise $1.2 Bn
According to a government minister, the Kenyan government intends to raise approximately $1.2 billion by reintroducing…
Ted Baker To Close Remaining Stores In Britain And Ireland
Ted Baker, the insolvent British apparel retailer, will close its last 31 stores in Britain and…
French Billionaire Bolloré-backed Media Firm Targets a Larger Share of Mauritius TV Market
Groupe Canal+ SA (Canal+), the media branch of Vivendi, a Paris-based firm controlled by French billionaire…
GB Corp Stake of Egyptian Billionaire Ghabbour Family Falls Below $200 Million
The Egyptian Ghabbour family’s investment in GB Corp. has fallen below $200 million, owing to a…
South African Billionaire Stephen Saad Sees $74 Million Drop in Aspen Stake
Stephen Saad, a South African billionaire and pharmaceutical entrepreneur, has seen the market value of his…
Mars To Acquire Pringles Maker Kellanova For Nearly $36 Bn
Mars, the producer of M&M’s and Snickers, announced Wednesday that it will purchase snack food company…