Tag Archives: billion

Russian President Vladimir Putin said Moscow has written off the debts of African states worth more than $20 billion. Speaking at an international parliamentary conference titled “Russia-Africa in a Multipolar World,” Putin said the trade turnover between Russia and African countries is growing every year, reaching almost $18 billion in …

America’s richest Black billionaire Robert Smith, the founder of one of the biggest tech-focused private equity firms in the United States, Vista Equity Partners, has solidified his place as a big name in the global tech industry. With a net worth of $11.9 billion, according to the Bloomberg Billionaires Index, …

The Angolan Supreme Court recently ordered a preventive seizure of assets worth $1 billion belonging to the daughter of the former President of Angola, José Eduardo Dos Santos, as requested from Angola’s Public Ministry. Isabel Dos Santos, the first female billionaire in Africa, often referred to as ‘Princess’, is under …

Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has now achieved a first of his own: becoming the only person in history to erase $200 billion from …

The Angola Supreme Court (ASC) has ordered the preventive seizure of several assets of former president’s daughter Isabel dos Santos, valued at $1 billion, as requested by the Public Ministry, media reported Tuesday, December 27, 2022. According to the state-owned Jornal de Angola, the order comes after indications of embezzlement …

Nigeria, Cote d’Ivoire, Ghana, and Senegal could earn up to $26 billion from lowering costs and increasing the availability of trade finance, a new report released by the International Finance Corporation (IFC) and the World Trade Organisation (WTO). The report, Trade Finance in West Africa examined the major barriers to …

Despite courting controversy over its selection to host the 2022 World Cup tournament, Qatar has spent about $300 billion in 12 years toward infrastructure to host the global football event. The Middle-East nation, with its capital in Doha, had earlier earmarked an official budget of $10 billion but had to …

After enduring a significant decline in his net worth between May and October, Africa’s richest man, Aliko Dangote experienced a significant increase in his wealth figures in the first week of November, propelling him to the position of the world’s 82nd richest man. According to the Bloomberg Billionaires Index, which …

Cassiel Ato Forson, Member of Parliament for Ajumako Enyan Essiam Constituency in the Central Region has alleged that government went on a borrowing spree in the lead-up to the 2020 polls. Ato Forson, who is the Ranking Member on Parliament’s Finance Committee said a total of GH¢67 billion was borrowed, an amount which …

Founder and Chief Executive Officer of now-defunct Beige Bank, Michael Nyinaku has been charged with stealing, money laundering by the state. In a charge sheet and the brief facts of the case filed at the registry of the criminal High Court on Wednesday November 2, 2022, Michael Nyinaku was charged …