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Burna Boy’s “I Told Them…” tour tops $30.5 million, tracking site says
Burna Boy’s “I Told Them…” tour grossed $30.46 million from 302,801 tickets, Touring Data reports, a new high point for African touring.
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Malawian businessman Napoleon Dzombe to launch Dowa fertilizer plant in 2026
Napoleon Dzombe’s Dowa fertilizer plant set for April 2026 launch, aiming to meet Malawi’s national fertilizer demand and cut imports.
Ugandan investor Magan Patel risks 12-year jail term over wetland destruction
Ugandan investor Magan Patel faces possible 12-year jail term as probes deepen into alleged wetland destruction in Jinja.
Family feud over Kenyan tycoon Stanley Githunguri’s estate reaches court
Kenyan tycoon Stanley Githunguri’s family court battle over multi-billion shilling estate exposes deep divisions in Nairobi.
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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.
Investment firm backed by Egypt's billionaire Sawiris family in talks to acquire Bugatti stake
Sawiris-backed HOF Capital and BlueFive are in talks to buy Porsche’s Bugatti Rimac stake, with a deal valued around $1.2 billion.
Egyptian entrepreneur Mounir Nakhla’s MNT-Halan targets $5 billion financing book
Mounir Nakhla’s MNT-Halan aims to grow its financing portfolio to $4.5–5 billion by 2026, expanding consumer and SME lending across Egypt and MENA.
Egyptian tycoon Abdallah Sallam's Madinet Masr signs $30 million deal for Sarai project
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, has signed a $30.4 million construction deal to build 95 villas at its Sarai project in East Cairo by 2027.
ERC linked to Egyptian businessman Ahmed Heikal cuts $417 million debt, moves closer to dividends
ERC, part of Ahmed Heikal’s Qalaa Holdings, repays $417 million, reducing debt and moving closer to its first dividend payout.
Egyptian businessman Hani Berzi gains $27 million from Edita Foods shares
Hani Berzi’s wealth rises by $27 million as Edita Food Industries shares rally, lifting his controlling stake on Egypt’s stock exchange.
Elsewedy family firm backs Nawah Scientific’s growth in $23 million funding round
Elsewedy Electric backs Nawah Scientific in a $23 million funding round to support regional lab expansion and research services.
Brandt collapses in France, costing 700 jobs as Algeria’s richest man Issad Rebrab takes a hit
A French court ordered Brandt into liquidation, ending Cevital’s European bet and costing about 700 jobs despite a worker-led rescue plan.
Egyptian billionaire Naguib Sawiris wants to run 3 airports as government opens operations to private bids
Naguib Sawiris says he wants to run Hurghada, Luxor and Sohag airports as Egypt courts private operators to upgrade tourism gateways.
Nigerian billionaire Femi Otedola cashes out of Geregu Power in $750 million deal
The transaction marks a decisive step away from an asset he helped turn into a market bellwether.
Sanlam, partly owned by Patrice Motsepe, invests $2.2 million in Moroccan startup
Sanlam Maroc takes a $2.2 million stake in Moroccan startup Woliz, backing digital tools for small retailers and financial inclusion.
After Farouk Ahmed’s exit, NMDPRA says Dangote refinery petrol supply fell below target
NMDPRA says Dangote Refinery supplied 23.52 million liters of petrol daily in November, missing projections as imports lifted Nigeria’s fuel supply.
Allen Onyema's Air Peace eyes regional expansion across Africa by 2026
Air Peace shifts regional flights to daytime, expands African routes to 2026 for smoother travel and connections.
U.S.-Nigerian mogul Sam Darwish’s IHS stake rises above $90 million
Quantum Invest BV, led by Hani Berzi, increased its stake in Edita Food Industries through a $26.5 million block trade on the Egyptian Exchange.
James Mwangi-led Equity Bank gets $60 million AfDB trade finance guarantee
Equity Bank Kenya has secured a $60 million AfDB trade finance guarantee, boosting support for SMEs and easing risk in cross-border trade across Africa.
Senegalese businessman Demba Ka gets $30 million IFC boost for retail expansion
Senegalese retailer Groupe EDK, led by Demba Ka, secured $30 million from IFC to expand grocery stores nationwide and strengthen food supply chains.
Anthony Joshua faces $66 million tax after blockbuster fight
US federal income tax is expected to claim about 37 percent of Joshua’s earnings, or roughly $52 million, based on top marginal rates.
Malawian businessman Napoleon Dzombe to launch Dowa fertilizer plant in 2026
Napoleon Dzombe’s Dowa fertilizer plant set for April 2026 launch, aiming to meet Malawi’s national fertilizer demand and cut imports.
Ugandan investor Magan Patel risks 12-year jail term over wetland destruction
Ugandan investor Magan Patel faces possible 12-year jail term as probes deepen into alleged wetland destruction in Jinja.
Family feud over Kenyan tycoon Stanley Githunguri’s estate reaches court
Kenyan tycoon Stanley Githunguri’s family court battle over multi-billion shilling estate exposes deep divisions in Nairobi.
Ugandan businessman Mukesh Shukla fined $3.9 million over Kampala property
Ugandan tycoon Mukesh Shukla fined $3.9 million for illegally occupying Shumuk House, ending the decade-long Katatumba family dispute.
Credit Bank, led by Kenya’s Nyachae family, wins $35 million shareholder backing
Credit Bank, led by the Nyachae family, gains shareholder approval to raise Ksh4.5 billion ($35 million) through a rights issue.
Kenyatta family, Kenya’s largest landowner, gains $11 million from NCBA stake
NCBA shares rebound on the NSE, lifting the Kenyatta family’s stake by $11 million as investor interest returns.
Malagasy tycoon Hassanein Hiridjee sees telecom as Africa’s AI backbone
Hassanein Hiridjee sees telecom networks as Africa’s AI backbone, driving growth through data centers and regional expansion.
Malawian billionaire Thom Mpinganjira's FDH Bank projects $87 million profit
Malawian billionaire Thom Mpinganjira’s FDH Bank forecasts up to $87 million profit in 2025, driven by credit growth, deposits and regional expansion.
Inside the rise and fall of Mvelaphanda, the empire South African tycoon Tokyo Sexwale built
Tokyo Sexwale turned struggle credentials into corporate access, building Mvelaphanda into a BEE powerhouse before debt, markets and unbundling erased the brand.
South African billionaire Saltzman family’s Dis-Chem stake tops $630 million
The Saltzman family’s Dis-Chem stake tops $630 million after steady JSE gains, signaling cautious investor confidence in pharmacy retail.
Inside Cyril Ramaphosa’s fortune: the McDonald’s deal, Mondi, Standard Bank ties, coal, telecoms and the trusts that followed
A look at Shanduka’s biggest holdings, what was sold, what sits in trusts, and what Ramaphosa’s net worth most likely is today.
South African businessman Eric Diack leads AfriSam sale to West China Cement
West China Cement seeks to acquire South Africa’s AfriSam, led by Eric Diack, as Chinese firms expand in African construction markets.
South African billionaire Jannie Mouton gains $136 million from Capitec stake
South African billionaire Jannie Mouton gains $136.16 million as Capitec Bank shares climb, lifting the value of his long-held stake.
South African billionaire Koos Bekker raises $150.3 million from share sales
Koos Bekker raises $150.3 million from share sales to back high-end hospitality projects across South Africa, U.K., and Italy.
Glencore, led by South African executive Gary Nagle, to acquire majority stake in Dutch fuel firm
Glencore, led by Gary Nagle, acquires a majority stake in Dutch fuel firm FincoEnergies to expand low-carbon and renewable fuel supply.
Billionaire Jannie Mouton’s Curro takeover turns unconditional, setting up January JSE delisting
Billionaire Jannie Mouton is taking Curro private via his charitable trust, betting a delisting can widen access to schooling.
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.
Sudan’s richest family, the Elnefeidis, seeks $17 million from the IFC to import wheat
Sudan's richest family, the Elnefeidis, is seeking a $19 million facility from the International Finance Corporation to support wheat imports for its Cameroon business.
Latest Posts
Burna Boy’s “I Told Them…” tour tops $30.5 million, tracking site says
Burna Boy’s “I Told Them…” tour grossed $30.46 million from 302,801 tickets, Touring Data reports, a new high point for African touring.
Investment firm backed by Egypt's billionaire Sawiris family in talks to acquire Bugatti stake
Sawiris-backed HOF Capital and BlueFive are in talks to buy Porsche’s Bugatti Rimac stake, with a deal valued around $1.2 billion.
Inside the rise and fall of Mvelaphanda, the empire South African tycoon Tokyo Sexwale built
Tokyo Sexwale turned struggle credentials into corporate access, building Mvelaphanda into a BEE powerhouse before debt, markets and unbundling erased the brand.
Malawian businessman Napoleon Dzombe to launch Dowa fertilizer plant in 2026
Napoleon Dzombe’s Dowa fertilizer plant set for April 2026 launch, aiming to meet Malawi’s national fertilizer demand and cut imports.
South African billionaire Saltzman family’s Dis-Chem stake tops $630 million
The Saltzman family’s Dis-Chem stake tops $630 million after steady JSE gains, signaling cautious investor confidence in pharmacy retail.
Ugandan investor Magan Patel risks 12-year jail term over wetland destruction
Ugandan investor Magan Patel faces possible 12-year jail term as probes deepen into alleged wetland destruction in Jinja.
Family feud over Kenyan tycoon Stanley Githunguri’s estate reaches court
Kenyan tycoon Stanley Githunguri’s family court battle over multi-billion shilling estate exposes deep divisions in Nairobi.
Beyoncé hits billionaire status, Forbes says, powered by Cowboy Carter tour, NFL halftime payday and Parkwood’s tight control
Forbes says Beyoncé is now a billionaire, with Cowboy Carter tour receipts, a pricey NFL halftime show and Parkwood control driving her take home.
Nigerian billionaire Femi Otedola cashes out of Geregu Power in $750 million deal
The transaction marks a decisive step away from an asset he helped turn into a market bellwether.
Nigerian real estate tycoon Umar Abdullahi gifts employees $2.7 million in Cosgrove properties
At Cosgrove’s Abuja retreat, Umar Abdullahi approved ₦4 billion ($2.7 million) in properties for staff, linking rewards to faster delivery and growth in 2026.
Sanlam, partly owned by Patrice Motsepe, invests $2.2 million in Moroccan startup
Sanlam Maroc takes a $2.2 million stake in Moroccan startup Woliz, backing digital tools for small retailers and financial inclusion.
After Farouk Ahmed’s exit, NMDPRA says Dangote refinery petrol supply fell below target
NMDPRA says Dangote Refinery supplied 23.52 million liters of petrol daily in November, missing projections as imports lifted Nigeria’s fuel supply.
Inside Cyril Ramaphosa’s fortune: the McDonald’s deal, Mondi, Standard Bank ties, coal, telecoms and the trusts that followed
A look at Shanduka’s biggest holdings, what was sold, what sits in trusts, and what Ramaphosa’s net worth most likely is today.
Ugandan businessman Mukesh Shukla fined $3.9 million over Kampala property
Ugandan tycoon Mukesh Shukla fined $3.9 million for illegally occupying Shumuk House, ending the decade-long Katatumba family dispute.
Credit Bank, led by Kenya’s Nyachae family, wins $35 million shareholder backing
Credit Bank, led by the Nyachae family, gains shareholder approval to raise Ksh4.5 billion ($35 million) through a rights issue.
South African businessman Eric Diack leads AfriSam sale to West China Cement
West China Cement seeks to acquire South Africa’s AfriSam, led by Eric Diack, as Chinese firms expand in African construction markets.
