billionaires.africa news headlines

Karooooo Limited, a Singapore-based mobility platform led by South African businessman Zak Calisto, announced the termination of the underwritten secondary public offering of ordinary shares. The Offering, initially announced on July 24, 2024, aimed to improve liquidity for investors. D

Poulina Group, a leading Tunisian conglomerate partly owned by businessman Abdelwaheb Ben Ayed, capped off the first half of 2024 with a six-percent decline in sales. Poulina Group's sales at the end of the first half of 2024 totaled 1.9 billion dinars ($1.45 million), down six percent

South African tycoon Jens Montanana, the founder of Datatec, has experienced another significant decline in the market value of his stake in the multinational technology group due to a sustained plunge in the company's shares. According to data tracked by Billionaires.Africa , Jens Mont

Nigerian music star David Adeleke (Davido), is set to expand his influence beyond music with a new initiative aimed at empowering youth in Nigeria. The multi-award-winning and Grammy-nominated artist recently sealed a partnership with CIG Motors , the African promoter of Chinese automob

Dangote Oil Refinery, owned by Aliko Dangote, Africa's richest man, has received a crucial boost from the Nigerian government. President Bola Tinubu has directed the Nigerian National Petroleum Corporation (NNPC) Limited to sell crude oil to the $20 billion refinery in Naira, a move expected to

MRS Oil Nigeria Plc, an oil marketing company majority-owned by Nigerian businessman Sayyu Dantata, half-brother to Africa's richest man Aliko Dangote, has continued its upward trajectory, reporting revenue of over $100 million in the first half of 2024. According to the group's recentl

Nigerian billionaire Abdul Samad Rabiu, known for his philanthropic efforts through the Abdul Samad Rabiu Africa Initiative (ASR Africa), has flagged off a new project. The Abdul Samad Rabiu Africa Initiative (ASR Africa), the philanthropic initiative of the Chairman of BUA Group, Abdul

Oando Trading, a subsidiary of Oando Plc, the leading integrated energy solutions provider led by Nigerian oil magnate Wale Tinubu, has strongly rejected allegations linking it to a Maltese oil company purportedly involved in importing adulterated petroleum products into Nigeria. The cl

African Rainbow Minerals (ARM), led by Africa's first Black billionaire Patrice Motsepe, is set to acquire full ownership of the Nkomati nickel mine in Mpumalanga, South Africa. ARM will purchase the remaining 50 percent stake from Norilsk Nickel Africa (NNA), the local subsidiary of Russian min