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Gilbert Chagoury, billionaire behind Banana Island, Eko Atlantic, wins top Nigerian honor
Gilbert Chagoury, billionaire developer of Banana Island and Eko Atlantic, receives Nigeria’s Grand Commander of the Order of the Niger.
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Gilbert Chagoury, billionaire behind Banana Island, Eko Atlantic, wins top Nigerian honor
Gilbert Chagoury, billionaire developer of Banana Island and Eko Atlantic, receives Nigeria’s Grand Commander of the Order of the Niger.
South African billionaire Johann Rupert’s Richemont posts $20 billion in nine-month revenue
Richemont reports $20 billion in nine-month sales, driven by jewelry growth and strong retail performance worldwide.
Geregu Power posts nearly $30 million profit under Nigerian businessman Abdulaziz Yari
Geregu Power reports $29.53 million profit, $130.17 million revenue, and strong dividends under Nigerian businessman Abdulaziz Yari.
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South African tycoon Barry Swartzberg’s Discovery stake rises above $320 million
South African billionaire Barry Swartzberg’s Discovery stake rises above $320 million as shares recover on the JSE.
Palantir CEO Alex Karp unloads $110 million in stock within 100 days
Alex Karp has sold more than $110 million in Palantir shares within 100 days amid stock volatility and tax obligations.
South African billionaire Jannie Mouton’s Capitec stake tops $1.2 billion
Jannie Mouton’s Capitec stake tops $1.2 billion as an 18-day share rally adds $67.58 million in value, cementing his position among South Africa’s financial elite.
Egyptian tycoon Hani Berzi's Edita expands Africa reach with HoHos, Twinkies and Tiger Tail deals
Edita Food Industries expands its African footprint after acquiring HoHos, Twinkies and Tiger Tail brand rights beyond the Middle East and North Africa.
Billionaire Mohamed Mansour's Al Mansour rolls out Chevrolet EVs in Egypt
Egypt’s Al-Mansour Automotive, led by billionaire Mohamed Mansour, launches Chevrolet’s Captiva EV and Spark EUV in partnership with GM.
Egyptian businessman Hani Berzi gains $4.8 million from Edita Food shares
Hani Berzi gains $4.7 million from his Edita Food stake as shares rise on strong earnings and renewed investor interest in Egypt.
Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique and others
Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique, and across sub-Saharan Africa.
Egyptian billionaire El-Sewedy family’s company wins $60 million Kuwait contract
Egyptian billionaire El-Sewedy family’s Elsewedy Electric wins $60 million Kuwait contract to expand MENA infrastructure projects.
Moroccan real estate tycoon Alami Lazraq gains $43 million from ADI stake
Alami Lazraq gains $43 million in the first 9 days of 2026 as shares of ADI surge on the Casablanca Bourse.
King Mohammed VI lists late mother’s Paris homes for $35 million
Morocco’s royal family has listed three Paris area properties tied to the late Princess Lalla Latifa, drawing fresh attention to royal wealth.
Runa Alam's DPI seals $200 million exit in African banking deal
DPI founder Runa Alam scored a $200 million exit as Morocco’s BCP bought the remaining stake in Atlantic Business International.
Senegal revokes Nigerian billionaire Arthur Eze’s offshore exploration license
Senegal revokes Nigerian billionaire Arthur Eze’s Atlas Oranto offshore license after years of unmet obligations.
Gilbert Chagoury, billionaire behind Banana Island, Eko Atlantic, wins top Nigerian honor
Gilbert Chagoury, billionaire developer of Banana Island and Eko Atlantic, receives Nigeria’s Grand Commander of the Order of the Niger.
Geregu Power posts nearly $30 million profit under Nigerian businessman Abdulaziz Yari
Geregu Power reports $29.53 million profit, $130.17 million revenue, and strong dividends under Nigerian businessman Abdulaziz Yari.
Shola Akinlade’s Paystack targets Nigeria’s $32 billion financing gap for small businesses
Shola Akinlade is expanding Paystack beyond payments, using banking and data to help close Nigeria’s $32 billion small business financing gap.
Idrissa Nassa's Coris Bank takes full control of Cape Verde bank
Coris Bank, led by Idrissa Nassa, completes takeover of Cape Verde’s BCA, expanding its African banking footprint.
Aliko Dangote’s cement company awards $10.5 million to distributors across Africa
Aliko Dangote’s Dangote Cement rewards top African distributors with $10.5M in cash, vehicles, and prizes, highlighting growth plans.
Femi Otedola hosts fellow billionaire Rabiu in Dubai amid expanding business empires
Femi Otedola hosted billionaire Abdul Samad Rabiu in Dubai as both oversee major deals reshaping Nigeria’s banking, power and manufacturing sectors.
Nigerian businessman Tony Elumelu urges leaders to rethink authority, trust and team relationships
Tony Elumelu urges leaders to rethink authority, arguing that trust, empathy and disciplined execution drive results more than hierarchy.
Co-op Bank Kenya CEO Gideon Muriuki acquires additional shares worth $1.2 million
Co-op Bank CEO Gideon Muriuki bought 5.5 million more shares worth Sh148 million, lifting his stake to 2.3% as dividends rise.
Mauritius-based businessman Antoine Delaporte's Adenia Partners set to receive up to $30 million from IFC
Adenia Partners will receive up to $30 million from IFC to back growth-stage African businesses across key sectors.
I&M, founded by Suresh Bhagwanji Shah, raises Tanzania stake to 95 percent
I&M Holdings, founded by Suresh Bhagwanji Shah, lifts its Tanzania unit stake to 95 percent as it deepens regional expansion.
Toby Selman’s Africa Logistics Properties cleared to list dollar-denominated REIT in Nairobi
Africa Logistics Properties secures approval to list East Africa’s first U.S. dollar industrial REIT on the Nairobi Securities Exchange.
Tanzanian billionaire Said Bakhresa adds Malawi soap factory after $100 million soya plant
Said Bakhresa is expanding manufacturing in Malawi with a new soap factory, months after launching a 100 million dollar soya plant.
Meet the Kenyan beer tycoon challenging Diageo's $2.3 billion EABL sale to Asahi
Peter Burugu built a beer distribution empire after leaving EABL. Now he is in court, trying to stall Diageo’s $2.3 billion exit.
Malawi’s richest man Hitesh Anadkat gains $1.69 billion from FMB Capital in 2025
Malawi’s richest man Hitesh Anadkat gains $1.69 billion as FMB Capital shares climb 475 percent in 2025.
Tanzanian billionaire Rostam Aziz to invest $500 million in Zambia’s energy sector
Rostam Aziz’s Taifa Group plans to invest over $500 million in Zambia, targeting gas, solar power and mining to ease energy gaps.
South African billionaire Johann Rupert’s Richemont posts $20 billion in nine-month revenue
Richemont reports $20 billion in nine-month sales, driven by jewelry growth and strong retail performance worldwide.
Glencore, led by South African executive Gary Nagle, signs Oman offtake deal for steel input
Glencore, led by Gary Nagle, agrees to buy up to 1.25 million tons of cleaner steel from Oman, advancing its energy transition goals.
Piet Mouton, partners collect Capitec shares worth $91.5 million
South African businessman Piet Mouton and family trusts receive $91.5 million in Capitec shares after Curro Holdings delisting.
Zimbabwean tycoon Mutumwa Mawere dies at 66 after storied business career
Mutumwa Mawere, a towering figure in Zimbabwean business whose empire spanned mining to banking, has died in South Africa at age 66.
Patrice Motsepe overtakes Koos Bekker as South Africa’s third-richest man
Motsepe edges past Bekker, reaching $3.9 billion to become South Africa’s third-richest, fueled by mining stakes and market gains.
AJ Property, led by Bernadette Mzobe, prepares to open new KwaZulu-Natal mall
AJ Property, led by Bernadette Mzobe, is set to open Kingsburgh Junction mall, boosting retail and jobs in KwaZulu-Natal.
South African multimillionaire Saltzmans gain $20 million in Dis-Chem
South African multimillionaire Saltzman family has gained $20 million as their Dis-Chem stake climbs to $588 million.
Billionaire Jannie Mouton’s Curro takeover raises tax questions for investors in Capitec and PSG share swap
Jannie Mouton’s Curro deal swaps investors into Capitec and PSG shares, triggering fresh questions about tax dates, valuations and record keeping.
Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
Ethiopia’s richest man, Mohammed Al-Amoudi, brings Carrefour to 13 Midroc stores, marking the retailer’s first physical presence in Ethiopia.
Ethiopia’s richest man Mohammed Al-Amoudi sees wealth rebound past $8.1 billion
Mohammed Al-Amoudi’s net worth rebounds to more than $8.1 billion after a $2.42 billion gain tied to his stake in Preem.
Somali e-visa controversy: Ismail Ahmed points to Premier Bank involvement
Ismail Ahmed claims Premier Bank helped design Somalia’s e-visa system and benefits from visa fees through Empire Tech Solutions.
Ahmed Osman Guelleh, one of Djibouti's richest men, recalibrates for a tougher market
Ahmed Osman Guelleh built a logistics and beverage empire around Djibouti’s ports and Somaliland’s Coca-Cola plant. Now competition is testing his hold.
Somali businessman Abdiweli Hassan to invest $503 million in Kenya’s Tatu City
Somali businessman Abdiweli Hassan plans a $503 million mixed-use project at Kenya’s Tatu City, expanding his footprint from retail into urban development.
Ethiopian billionaire Mohammed Al-Amoudi signals return with new mega projects
Ethiopian-born Saudi billionaire Mohammed Al-Amoudi signals a return with new mega projects under MIDROC, pledging jobs and investment as Ethiopia eyes middle-income status.
Preem, linked to Ethiopian billionaire Mohammed Al-Amoudi, posts $2.7 billion in Q2 sales
Preem reports Q2 revenue below $3 billion and swings to a $93.6 million loss as refinery downtime and weaker margins weigh.
Ethiopia’s richest man Mohammed Al-Amoudi gains $2.2 billion; wealth nears $8 billion
Mohammed Al-Amoudi’s fortune rises $2.2 billion after Svenska sale, pushing his net worth toward $8 billion.
Latest Posts
Senegal revokes Nigerian billionaire Arthur Eze’s offshore exploration license
Senegal revokes Nigerian billionaire Arthur Eze’s Atlas Oranto offshore license after years of unmet obligations.
Gilbert Chagoury, billionaire behind Banana Island, Eko Atlantic, wins top Nigerian honor
Gilbert Chagoury, billionaire developer of Banana Island and Eko Atlantic, receives Nigeria’s Grand Commander of the Order of the Niger.
South African billionaire Johann Rupert’s Richemont posts $20 billion in nine-month revenue
Richemont reports $20 billion in nine-month sales, driven by jewelry growth and strong retail performance worldwide.
Geregu Power posts nearly $30 million profit under Nigerian businessman Abdulaziz Yari
Geregu Power reports $29.53 million profit, $130.17 million revenue, and strong dividends under Nigerian businessman Abdulaziz Yari.
Shola Akinlade’s Paystack targets Nigeria’s $32 billion financing gap for small businesses
Shola Akinlade is expanding Paystack beyond payments, using banking and data to help close Nigeria’s $32 billion small business financing gap.
Idrissa Nassa's Coris Bank takes full control of Cape Verde bank
Coris Bank, led by Idrissa Nassa, completes takeover of Cape Verde’s BCA, expanding its African banking footprint.
Glencore, led by South African executive Gary Nagle, signs Oman offtake deal for steel input
Glencore, led by Gary Nagle, agrees to buy up to 1.25 million tons of cleaner steel from Oman, advancing its energy transition goals.
Aliko Dangote’s cement company awards $10.5 million to distributors across Africa
Aliko Dangote’s Dangote Cement rewards top African distributors with $10.5M in cash, vehicles, and prizes, highlighting growth plans.
Femi Otedola hosts fellow billionaire Rabiu in Dubai amid expanding business empires
Femi Otedola hosted billionaire Abdul Samad Rabiu in Dubai as both oversee major deals reshaping Nigeria’s banking, power and manufacturing sectors.
Amr Abol-Enein on opportunity, risk and Egypt’s capital markets
The CEO of CI Capital AM discusses reform, gold investing and the future of wealth management.
Co-op Bank Kenya CEO Gideon Muriuki acquires additional shares worth $1.2 million
Co-op Bank CEO Gideon Muriuki bought 5.5 million more shares worth Sh148 million, lifting his stake to 2.3% as dividends rise.
Family office of Morocco's King Mohammed VI appoints new CEO
Morocco’s Al Mada promoted deputy CEO Noufissa Kessar after Hassan Ouriagli’s death, betting on continuity at one of Africa’s biggest investors.
Nigerian businessman Abdulaziz Yari’s Ma'am Energy set for $12 million Geregu Power dividend payout
Geregu Power’s N9 dividend hands Ma'am Energy a N17.325 billion payout, boosting Abdulaziz Yari’s profile in Nigeria’s power sector.
Piet Mouton, partners collect Capitec shares worth $91.5 million
South African businessman Piet Mouton and family trusts receive $91.5 million in Capitec shares after Curro Holdings delisting.
Nigerian businessman Tony Elumelu urges leaders to rethink authority, trust and team relationships
Tony Elumelu urges leaders to rethink authority, arguing that trust, empathy and disciplined execution drive results more than hierarchy.
Zimbabwean tycoon Mutumwa Mawere dies at 66 after storied business career
Mutumwa Mawere, a towering figure in Zimbabwean business whose empire spanned mining to banking, has died in South Africa at age 66.
