Featured
Michael Jordan's net worth hits $4.3 billion in 2026
Forbes' latest rankings confirm Michael Jordan's net worth climbed to $4.3 billion in 2026, making him the richest retired athlete on the planet by a wide margin.
Editors' Picks
Markus Jooste's Hermanus mansion sells for $6.4m in one of South Africa's biggest coastal property deals
The Voëlklip estate in Hermanus, once tied to disgraced Steinhoff CEO Markus Jooste, has sold for a record $6.4 million
Michael Jordan's net worth hits $4.3 billion in 2026
Forbes' latest rankings confirm Michael Jordan's net worth climbed to $4.3 billion in 2026, making him the richest retired athlete on the planet by a wide margin.
South African billionaire Zak Calisto gets regulatory green light to take joint control of King Price Insurance
South Africa's Competition Commission has backed Zak Calisto's bid to take joint control of King Price Insurance without conditions.
Exclusive Content For Paid Supporters
Aliko Dangote and the War Premium — How the Hormuz Crisis Is Stress-Testing Africa’s Richest Man
Brent past $109, margins collapsing, a third price hike looming, and an IPO that could redefine African capital markets — inside the forces reshaping Dangote’s $32.5 billion empire in real time.
Investor Memo: Hormuz Fallout & African Energy
The Strait of Hormuz is closed, Brent is above $85, and Africa's energy map is splitting into winners and losers — we break down who gains, who bleeds, and what Dangote's stress test reveals.
Yale taps Ghana's Togbe Afede XIV to chair its global advisory council
Yale School of Management has appointed Ghanaian billionaire and paramount chief Togbe Afede XIV as chair of its Council of Global Advisors effective Feb. 16, 2026.
IFC plans $40 million bet on Egyptian billionaire Naguib Sawiris’ Nile Sugar desert project
The IFC is considering a $40 million loan to Nile Sugar Company, owned by Naguib Sawiris, to expand sugar beet farming in Upper Egypt.
Hassan Allam's Egyptian construction giant powers up one of the world's largest solar parks with Chinese tech deal
Hassan Allam Holding has partnered with Sineng Electric to supply 249MW of central inverters to Egypt's 1.65GW Benban Solar Park in Aswan.
Billionaire Naguib Sawiris says Iran's attacks on the UAE are a war against freedom and progress
Egyptian billionaire Naguib Sawiris says Iran's attacks on the UAE go beyond military strikes and target freedom and a way of life.
Chakib Alj files to take control of Forafric Maroc in deal that reshapes Morocco's flour industry
Chakib Alj's Cap Holding has formally notified Morocco's Competition Council of its plan to acquire 68% of flour and pasta producer Forafric Maroc.
Adidas nominates $9.3 billion Egyptian mogul Nassef Sawiris as its next chairman
Nassef Sawiris, worth $9.3 billion and already a major Adidas shareholder, is set to become the sportswear giant's next chairman.
Billionaire Moulay Elalamy's Saham Group moves to deepen its stake in teleperformance with a $412m equity swap
Saham Group has executed a $412 million equity swap to boost its position in Teleperformance, the global customer services company it helped build.
Adidas taps billionaire Nassef Sawiris as chair
Adidas is replacing its embattled chairman with Egyptian billionaire Nassef Sawiris and keeping CEO Bjorn Gulden locked in through 2030.
Egyptian billionaire Nassef Sawiris steps down as OCI Global executive chair
Nassef Sawiris, Egypt's richest man, is leaving OCI Global's top seat, citing other professional commitments, effective at the next AGM.
Israeli billionaire Dan Gertler pays $30m to settle Congo bribery probe
Dan Gertler's former holding company has paid $30 million to settle a Dutch bribery probe over Congo mining deals dating back to 2010.
Dangote refinery to prioritise Nigeria as oil hits $100
Dangote refinery says Nigeria will come first on fuel supply, but warned that prices could keep rising as the Middle East war rattles global energy markets.
Aliko Dangote's refinery shields Nigeria from global oil shock but Nigerians still feel the pinch
Aliko Dangote's 650,000-barrel refinery absorbed over half of a global crude price surge, shielding Nigeria from the full force of the oil shock.
Nigerian President Tinubu just sent Jimoh Ibrahim to the United Nations, a man who ran every business he touched into the ground
Tinubu has made Jimoh Ibrahim Nigeria's man at the United Nations. His business record tells a different story about who he is.
Aliko Dangote pledges $5 million at Dubai hunger auction that raised $24.9 million in one night
Africa's richest man pledged $5 million at a Dubai charity auction raising Dh91.4 million to rescue five million children from hunger.
Meet Phillip Ihenacho, the Nigerian businessman who built "Africa's most beautiful house"
Nigerian businessman Phillip Ihenacho spent a decade building Arijiju on Kenya's Borana Conservancy. Conde Nast called it the most beautiful house in Africa.
Tycoon Emeka Offor donates 181,000 medical books to Nigerian universities
Sir Emeka Offor's foundation has shipped 10 containers of medical and nursing books from the United States to Nigerian tertiary medical institutions nationwide.
Yale taps Ghana's Togbe Afede XIV to chair its global advisory council
Yale School of Management has appointed Ghanaian billionaire and paramount chief Togbe Afede XIV as chair of its Council of Global Advisors effective Feb. 16, 2026.
Mary-Ann Musangi’s HACO Industries wins circular economy leader at Kenya ESG Awards
HACO Industries Kenya has been named a Circular Economy Leader at the Kenya ESG Awards, recognising the manufacturer's push to embed sustainability across its operations.
Tanzanian billionaire Rostam Aziz acquires Kenya's Nation Media Group from Aga Khan
Tanzanian billionaire Rostam Azizi has bought the Aga Khan Fund's controlling stake in Nation Media Group, ending a 66-year era.
Madagascar's most powerful businessman is now in a Mauritius jail facing a third international arrest warrant
Madagascar's anti-corruption court has issued a third international arrest warrant against tycoon Mamy Ravatomanga, adding a mining scandal to his growing legal troubles.
Meet Esther Muchemi, M-Pesa's first agent who became a multimillionaire
When M-Pesa launched on March 6, 2007, Esther Muchemi held agent number 0001. She had no idea what was coming.
Kenyan beer tycoon Ngugi Kiuna wins $11.4 million guarantee in Heineken battle
A Nairobi court has ordered Heineken to post a Sh1.47 billion bank guarantee before it can appeal the Sh1.8 billion award to Ngugi Kiuna.
Kenyan court issues arrest warrant for cement mogul Benson Ndeta over $35 million Absa Bank fraud
A Nairobi magistrate has issued arrest warrants for Benson Ndeta and his co-accused after they failed to appear on Sh4.5 billion fraud charges.
Malagasy tycoon Hassanein Hiridjee's AXIAN Telecom partners with AST SpaceMobile for satellite broadband in Africa
AXIAN Telecom and AST SpaceMobile have teamed up to deliver satellite broadband directly to standard smartphones across Africa's most underserved communities.
She took a DNA test. Now she's heir to a $53.8 million Kenyan empire
A decade after being shut out of her father's inheritance, Chepkoech Too has won a DNA paternity case that unlocks a Sh7 billion estate.
Markus Jooste's Hermanus mansion sells for $6.4m in one of South Africa's biggest coastal property deals
The Voëlklip estate in Hermanus, once tied to disgraced Steinhoff CEO Markus Jooste, has sold for a record $6.4 million
South African billionaire Zak Calisto gets regulatory green light to take joint control of King Price Insurance
South Africa's Competition Commission has backed Zak Calisto's bid to take joint control of King Price Insurance without conditions.
Johann Rupert is publicly demanding that Stellenbosch University's council chair must go
Johann Rupert and Edwin Cameron have gone public, saying Stellenbosch University council chair Nicky Newton-King must not be re-elected.
Quinton van Rooyen's Trustco surrenders banking licence as Bank of Namibia drops liquidation bid
Quinton van Rooyen's Trustco has surrendered its Namibian banking licence, prompting the central bank to withdraw its High Court liquidation application entirely.
Adrian Gore's Discovery Bank turns profitable as group delivers 24 percent operating profit jump
Adrian Gore's Discovery posted a 24% rise in normalised operating profit to R8.9 billion, with Discovery Bank crossing into profitability for the first time.
Southern Sun loses R735 million Sandton bid after Pareto pulls rank
Southern Sun has lost its R735 million bid for Sandton Consortium properties after co-owner Pareto exercised its pre-emptive rights to block the deal.
Patrice Motsepe's African Rainbow Minerals and other mining giants to benefit from the Middle East conflict
Gold is trading above $5,400 an ounce. South Africa's mining billionaires may be the unlikely beneficiaries of a widening Middle East war
South African billionaire Michiel Le Roux's Capitec launches Smart ID services at seven branches
Capitec has launched Smart ID services at seven branches, letting clients apply in under five minutes with no booking required and no Home Affairs official needed.
How Djiboutian tycoon Abdourahman Boreh helped Dubai build a port empire in the Horn of Africa, then became its most inconvenient witness
Abdourahman Boreh brokered DP World's entry into Djibouti, collected fees from both sides, then fled into exile as the whole deal unravelled.
Dahabshiil founder Abdirashid Duale pledges $150,000 as drought deepens in northern Somalia
Dahabshiil pledged $150,000 for drought relief in northern Somalia, with founder Abdirashid Duale urging faster action as shortages spread.
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.
Latest Posts
Mary-Ann Musangi’s HACO Industries wins circular economy leader at Kenya ESG Awards
HACO Industries Kenya has been named a Circular Economy Leader at the Kenya ESG Awards, recognising the manufacturer's push to embed sustainability across its operations.
Markus Jooste's Hermanus mansion sells for $6.4m in one of South Africa's biggest coastal property deals
The Voëlklip estate in Hermanus, once tied to disgraced Steinhoff CEO Markus Jooste, has sold for a record $6.4 million
Michael Jordan's net worth hits $4.3 billion in 2026
Forbes' latest rankings confirm Michael Jordan's net worth climbed to $4.3 billion in 2026, making him the richest retired athlete on the planet by a wide margin.
South African billionaire Zak Calisto gets regulatory green light to take joint control of King Price Insurance
South Africa's Competition Commission has backed Zak Calisto's bid to take joint control of King Price Insurance without conditions.
Israeli billionaire Dan Gertler pays $30m to settle Congo bribery probe
Dan Gertler's former holding company has paid $30 million to settle a Dutch bribery probe over Congo mining deals dating back to 2010.
IFC plans $40 million bet on Egyptian billionaire Naguib Sawiris’ Nile Sugar desert project
The IFC is considering a $40 million loan to Nile Sugar Company, owned by Naguib Sawiris, to expand sugar beet farming in Upper Egypt.
Tanzanian billionaire Rostam Aziz acquires Kenya's Nation Media Group from Aga Khan
Tanzanian billionaire Rostam Azizi has bought the Aga Khan Fund's controlling stake in Nation Media Group, ending a 66-year era.
Every Black billionaire in the world in 2026, from Aliko Dangote to Beyonce and Dr. Dre
Forbes 2026 has confirmed Beyonce and Dr. Dre as new billionaires. Here is every black billionaire alive today, ranked.
Dr. Dre is officially a billionaire, 12 years after he said Forbes needed to update their list
Dr. Dre has finally made the Forbes billionaires list, more than a decade after declaring himself hip-hop's first billionaire.
Johann Rupert is publicly demanding that Stellenbosch University's council chair must go
Johann Rupert and Edwin Cameron have gone public, saying Stellenbosch University council chair Nicky Newton-King must not be re-elected.
Quinton van Rooyen's Trustco surrenders banking licence as Bank of Namibia drops liquidation bid
Quinton van Rooyen's Trustco has surrendered its Namibian banking licence, prompting the central bank to withdraw its High Court liquidation application entirely.
Devtraco, led by Ghanaian real estate mogul Joseph Aidoo, opens prime property to Nigerian capital
High-net-worth Nigerians are quietly moving capital into Accra's premium property market, drawn by dollar yields, stable tenants and structured entry through Devtraco Group.
How Djiboutian tycoon Abdourahman Boreh helped Dubai build a port empire in the Horn of Africa, then became its most inconvenient witness
Abdourahman Boreh brokered DP World's entry into Djibouti, collected fees from both sides, then fled into exile as the whole deal unravelled.
Vista Equity Partners completes $800 million acquisition of Omnitracs, targets Roadnet next
Vista Equity Partners closed its $800 million purchase of Omnitracs and moved the same day to acquire fleet software maker Roadnet Technologies.
Adrian Gore's Discovery Bank turns profitable as group delivers 24 percent operating profit jump
Adrian Gore's Discovery posted a 24% rise in normalised operating profit to R8.9 billion, with Discovery Bank crossing into profitability for the first time.
Southern Sun loses R735 million Sandton bid after Pareto pulls rank
Southern Sun has lost its R735 million bid for Sandton Consortium properties after co-owner Pareto exercised its pre-emptive rights to block the deal.
