billionaires.africa news headlines

Equity Group, East and Central Africa's leading financial services group led by Kenyan banker James Mwangi, has unveiled a Ksh2.8 billion ($21.7 million) scholarship initiative aimed at funding the education of 113 students at top global universities. The program, part of the bank's Equ

SendsPrint, a Nigerian cross border fintech startup led by Nigerian entrepreneur Damisi Busari, has acquired Nobel Financial, a U.S.-based global remittance service provider, to enhance its footprint in the American market. Nobel Financial, founded in 2014, offers remittance services fr

Anas Sefrioui, a leading figure in Moroccan real estate and the major shareholder of Douja Promotion Addoha (ADH), has experienced a notable decrease in personal wealth due to recent fluctuations in the company's stock on the Casablanca bourse. According to Billionaires.Africa , Sefriou

For the second time in just over a year, Nigerian billionaire and former defense minister Theophilus Yakubu (TY) Danjuma has donated an ultramodern hostel to the University of Benin (UNIBEN). This latest contribution underscores his unwavering commitment to enhancing education and supporting fem

Algerian-born French entrepreneur Sue Youcef Nabi has experienced another setback with her investment in American beauty giant Coty Inc., adding to prior declines in her portfolio. According to data tracked by Billionaires.Africa , Nabi's stake in Coty has dropped by $37.9 million over

Nedbank, under the leadership of South African banker Jason Quinn, has drastically reduced its office space across South Africa and the SADC region. Since 2016, the bank has cut its corporate real estate floor space from 381,000m² to just 180,000m² by June 2024. This strategic move aims

Saudi Arabia's Zahid Group is in advanced negotiations to acquire Barloworld Group, a leading industrial conglomerate led by South African business executive Dominic Sewela, according to sources familiar with the matter. The potential acquisition marks a significant move by the Saudi conglomerat

South Africa's richest individual Johann Rupert, the chairman of Swiss luxury goods conglomerate Richemont, has experienced a dramatic decline in his fortune since briefly holding the title of Africa's richest man on August 2 . According to Bloomberg's real-time billionaire index, Ruper

Glencore Plc, the Swiss multinational commodity trading and mining company led by South African executive Gary Nagle, reported a significant revenue increase for the first half of the 2024 fiscal year . Its revenue surged 9.01 percent year-on-year, reaching $117.1 billion, demonstrating the resi