According to the latest data from the Bloomberg Billionaires Index, South African billionaire Johann Rupert has overtaken Nigerian industrialist Aliko Dangote as Africa’s richest person. Rupert, who controls Richemont, one of the world’s leading luxury goods firms that owns brands like Cartier and Montblanc, has seen his net worth soar by $1.9 billion to $14.3 […]
Background At the beginning of the year, many experts predicted a gloomy outlook for startup fundraising activities, reflecting the harsh economic events of 2022. For instance, the interest rate hikes by major economies and the consequent funding winter were major concerns. While Africa was somewhat shielded in 2022, the fortress didn’t hold through in 2023. […]
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