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Tag: african

10 oldest African billionaires in 2024
News

10 oldest African billionaires in 2024

Within this vast economy are high-net-worth individuals whose entrepreneurial zeal and long-term success have made headlines for decades. These elderly billionaires have navigated economic downturns, political upheaval, and shifting market landscapes, putting their resilience to the test. However, their capacity to adapt, innovate, and overcome adversity has been critical to their sustained success. AMBusiness highlights […]

Otedola asks top First Bank official to resign over 'wasteful party'
Business featured

Forbes: African billionaires’ combined wealth hits $82.4bn

Forbes estimates that Africa’s wealthiest individuals have a combined net worth of $82.4 billion, and the return of Nigerian billionaire investor Femi Otedola to the list has boosted their fortunes. According to The Times, prior to Otedola’s return to Forbes as Nigeria’s fourth richest person with $1.2 billion, the combined wealth of Africa’s billionaires was […]

Top 10 African countries with highest fuel price in 2024
Oil and Gas

Top 10 African countries with highest fuel price in 2024

A significant increase has hit the prices of fuel across the globe, especially in Nigeria following the removal fuel subsidy, which marked the beginning of the Bola Tinubu era in 2023. Since then, Nigerians have experienced a surge in the price of petroleum motor spirit from about N198/N200 per liter to over N1300 per liter. […]

Seedstars Africa raises $30m to fund African startups
News Tech

Seedstars Africa raises $30m to fund African startups

The European Investment Bank’s subsidiary, EIB Global, has committed $30 million in finance to Seedstars Africa Ventures. Following a $8 million investment, French private equity firm LBO France, the fund’s anchor investor, has made a fresh commitment. With a goal of raising between $80 million and $100 million, the fund will help seed and Series […]

Business

Worst performing African currencies against US dollar in 2023 – Report

African currencies have recently suffered significant losses, particularly against the celebrated US dollar. AMBusiness reported that the depreciation has generated concerns about some African countries’ economic stability, affecting trade balances, inflation rates, and residents’ purchasing power. Here are the African currencies that will perform the poorest against the US dollar in 2023: Countries such as Nigeria, Kenya, […]

Aviation

Most punctual African airlines in 2023 – Report

Cirium’s yearly assessment of the world’s top global airlines for on-time performance has revealed that South Africa’s Safair and Kenya Airways were among the most punctual airlines in the Middle East and Africa region in 2023. AMBusiness reports that Safair ranked second on the list with an excellent on-time arrival percentage of 92.36%, while Kenya […]

Lagos ranked 8th African city with best healthcare
News

Lagos ranked 8th African city with best healthcare

Numbeo, a research firm focusing on data that centers around quality of life has ranked Lagos as the 8th city with the best healthcare system in Africa. In the list, Numbeo uses an elaborate algorithm to arrive at ranked Cape Town in South Africa first, Pretoria second, and Nairobi third. Modern, high-tech hospitals are starting […]

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