Business

Facebook CEO Mark Zuckerberg lost $3 billion on Thursday, as Facebook’s shares dropped more than 5.6 percent after its quarterly earnings report. Check also: Facebook co-founder, Dustin Moskovitz Commits $20 Million To Help Democrats In 2016 Election Facebook’s chief financial officer David Wehner said on Wednesday that Facebook’s ad load — a key driver of Facebook’s growth — could “come down meaningfully” after mid-2017. ...

Before Grant Cardone built five businesses and a multi-million-dollar fortune , he was deep in debt and addicted to drugs. It was advice from his mom that ultimately helped him dig himself out of the hole. Check also: Mark Cuban Doubts If Trump Is Really A Billionaire “The best business advice I’ve ever been given was from my mother, who was never actually ...

Nigerian oilman Muhammadu Indimi is one of Africa’s most successful businessmen. Indimi, who has a net worth of $500 million according to FORBES Magazine’s 2015 ranking of Africa’s richest people, is the founder of Oriental Energy Resource Limited a leading privately owned Nigerian oil exploration and production company. Oriental, which he founded in 1990, has three projects offshore of Nigeria’s Niger Delta region. ...

Gold is now Uganda’s second largest export commodity after coffee, after posting historical highs in the last three-quarters of the financial year 2015/16. Check Also: Uganda Loses Shs3B Daily In South Sudan Conflict According to the Bank of Uganda’s (BoU) 2015/16 annual report, the gold exports value during the financial year rose to $204m (Shs693b) from a paltry $230,000 (Shs782m) in ...

Said Bakhresa, Tanzania’s 3rd richest man, on Thursday launched a $120 million fruit processing factory in the outskirts of Dar es Salaam. Check also: The Youngest Billionaire In Africa, Mohammed Dewji To Create 100,000 Jobs In Tanzania According to Tanzania’s Daily News, Tanzania’s president John Magufuli personally launched the new plant which has the capacity to process 350 tonnes of fruits and ...