Browsing: african billionaires

• On average, the continent’s billionaires are worth $4.7 billion now compared to the $3.4 billion in 2014
• Aliko’s wealth has been increasing exponentially, from $10.1 billion in 2020, $12.1 billion in 2021, and 13.9 billion in 2022
• Nigerian Abdulsamad’s worth has risen from $3.1 billion in2020 to $7 billion in 2022, arguably the best performer on the list.

The African economy is not doing so well. But that does not mean so are all the people on the continent!

Aliko Dangote, a business magnate in Nigeria, has topped the 2022 Forbes list of the richest men in Africa for the eleventh consecutive time.

Despite the Coronavirus pandemic, the continent’s 18 billionaires’ combined worth is 15 per cent more than it was in 2021, standing at roughly $84.9 billion.

On average, the continent’s billionaires are worth $4.7 billion now compared to the $3.4 billion in 2014.

Soaring stock prices across sub-Saharan …

Kenya’s eCommerce revenue is projected to hit $1.5 billion in 2021.

This follows an increase in the number of people who buy goods online. According to the latest statistics,  526 million Internet users are opting to buy goods at the click of a button.

As a result, digital platforms have been investing heavily in improving their digital infrastructure.

Patrick Ndegwa, the SEACOM East Africa Business Sales Lead, through a press release, has given an insight on Africa’s leading eCommerce platform and what developments can be expected regarding key policies and trends in online commerce today and in the future.

2021’s new trends

Ecommerce companies are putting considerable efforts into improving their digital infrastructure to meet increasing demands.

Mr. Ndegwa notes that transaction-management capabilities remain a priority, as more customers are purchasing on mobile devices and looking for credit options.

According to him, giving customers personalized, omnichannel experiences that also enable …