Lifestyle

Michael Bloomberg, a U.S. billionaire and co-founder of Bloomberg LP, has announced a $242 million investment to speed up the clean energy transition in Africa and similar locations where power demand is anticipated to rise quickly and renewable energy capacity is plentiful. The move, which is part of Bloomberg Philanthropies’…

From recent data, some of the renowned richest black women in the United States of America continue to be formidable in the male-dominated business world despite the instability of the global economy. Seven African-American women made the list of the 100 self-made wealthy American women. They collectively represent $6.68 billion,…

Funke Akindele is one of Nigeria’s well-known actresses. She has more than 24 years of experience working in Nollywood. She has built a solid career from appearing in comedy films. Akindele is regarded as one of Nigeria’s highest-paid actresses. She became well-known because of her performance in the film Jenifa,…

Kenya has a significant gap between the upper and middle, and lower classes of the economy. While having the most developed and largest economy in eastern and central Africa, 16.1% of its population is still below the global poverty line. Due to this economic imbalance, the country’s wealth is controlled…

Though the number of the wealthiest people on the continent continues to dwindle, it has seen the addition of some of the youngest billionaires in Africa. This addition has, thus, changed the trajectory of the number of billionaires on the continent. In the past years, the African billionaires’ list has…

With the viability of the continent’s telecommunication industry, Elon Musk’s StarLink has entered Africa’s telecom market after acquiring licences from the communications commissions of Nigeria and Mozambique. This arrival, however, is poised to alter the narrative around the spread of the internet throughout the continent. In Africa, four out of…

Many people believe Elon Musk is on his way to becoming the world’s first trillionaire. According to a report, Elon Musk’s wealth has seen a 129% average annual increase since 2017; and if he keeps this up, he will become the first trillionaire in the next two years. Indeed, Musk…

Strive Masiyiwa is an African business magnate with a net worth of $3.8 billion. He made most of his money from the telecommunications industry and his investments in fintech and power distribution businesses across Africa. Building his telecoms company, Econet, in his home country, Zimbabwe, was an arduous task for…

The super-rich in Zimbabwe lives a dramatically different life from the country’s average and lower class. This includes flaunting their money, which ranges from a $14,000 alligator skin to gold-plated Giuseppe Zanotti sneakers to a Batmobile and private jets decked out in gold. In a country where the GDP per…

Mohammed “Mo” Gulamabbas Dewji, is a Tanzanian billionaire businessman and former politician.  He owns MeTL Group, a Tanzanian conglomerate that his father founded in the 1970s.  Dewji represented his native town of Singida in the Tanzanian Parliament for Chama Cha Mapinduzi (CCM) from 2005 to 2015.  Dewji is Africa’s 17th…