AUTHOR NAME
Mfonobong Nsehe
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Mfonobong Nsehe is currently Nigeria and Kenya advisor to Pilot Fish Media. He is also the CEO of Hodderway Group, a Kenyan-based private limited liability company focused on brokering and delivering attractive, large-ticket transactions in Africa to select blue chip international investment partners. He travels extensively across Africa every year, meeting and interviewing the continent's wealthiest entrepreneurs and tallying their net-worth for Forbes' annual rankings of the World's Richest People and Africa's Richest People. He is also a contributing writer for Jozi Gist. You can follow him @MfonobongNsehe and on Linkedin
Nigeria, South Africa and Egypt dominate the African Billionaire list of 2017
There are 25 African billionaires this year, up from 24 last year. Nigerian businessmen Femi Otedola and Abdulsamad Rabiu failed to make the cut...
Africa’s Richest Woman Isabel dos Santos to resign from Sonangol
Africa’s richest woman, Isabel dos Santos, might resign as Chairman of state oil firm Sonangol before Angola’s General Elections in August.
The Expresso, a Portuguese...
Africa’s Richest Man Loses 3.5 Million Tires To Thieving Employees
Dangote Group, the conglomerate owned by Africa’s richest man, Aliko Dangote, has announced that more than 3.5 million of its customized company tires have...
Carlyle Group And TPG Capital Make $100 Million Bid For Kenyan Restaurant Chain
Two of America’s largest private equity firms, Carlyle Group and TPG Capital, are looking to acquire Kenyan coffee chain Java House is a deal...
Kenyan Business Mogul Twahir Sheikh Said Has Passed Away
Twahir Shiekh Said, one of Kenya’s most prominent businessmen, is dead.
According to a report by The Star, the Mombasa-based businessman, who was popularly known...
Nigerian Fintech Startup Paystack Raises $1.3 Million
Paystack, one of Nigeria's most hotly anticipated tech start-ups, has just secured $1.3M Seed investment from both international and homegrown investors. The investors...
Mozambican Businesswoman Valentina Guebuza Shot Dead By Husband
Valentina Guebuza, one of Mozambique's most prominent businesswomen, has reportedly been shot dead by her husband in a suspected case of domestic violence.
According to...
Zimbabwean Tycoon Strive Masiyiwa Buys $25 Million Penthouse In New York
Zimbabwean telecoms tycoon Strive Masiyiwa has reportedly bought two penthouse units at the prestigious Eldorado tower for $24.5 million.
According to a report by The...
South African Millionaire Phuthuma Nhleko Sells $9 Million MTN Shares
South African multimillionaire investor Phuthuma Nhkelo has sold off $9 million worth of MTN stock he owns in the past few weeks.
In a statement...
Aliko Dangote forced to shut down his cement business in Tanzania
Africa’s richest man Aliko Dangote has shut down his cement plant in Tanzania due to high energy costs and a technical glitch at the...
Africa’s Richest Woman Isabel Dos Santos Defends Her Appointment To Run State Oil Company
Africa’s richest woman, Isabel Dos Santos, has defended the controversial decision of her father to appoint her as head of Sonangol, Angola’s state-owned oil...
Patrice Motsepe Acquires Stake In Sinayo Securities, a leading black-owned stock-brokering firm
African Rainbow Capital (ARC), the investment vehicle founded by South African billionaire Patrice Motsepe, has reportedly acquired a 49% stake in Sinayo Securities, a...
A Conversation With Vicki Escarra, Global CEO of Opportunity International
Vicki Escarra is the CEO of Opportunity International, a nonprofit organization that provides small business loans, savings, insurance and training to more than five...
Tanzanian Multimillionaire Businessman Launches $120 Million Juice Processing Factory
Said Bakhresa, one of Tanzania’s wealthiest man, on Thursday launched a $120 million fruit processing factory in the outskirts of Dar es Salaam.
According to...
5 Business Lessons From Nigerian Oil Multimillionaire Muhammadu Indimi
Nigerian oilman Muhammadu Indimi is one of Africa’s most successful businessmen. Indimi, who has a net worth of $500 million according to FORBES Magazine’s...