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Burkina Faso tycoon Idrissa Nassa's Coris Bank stake soars to $1.1 billion
Shares of Coris Bank International have tripled this year, lifting the stake held by Burkina Faso tycoon Idrissa Nassa's Coris Holding to $1.13 billion.
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How VistaJet built a 600-partner luxury travel world around its private jets
VistaJet's Private World network has grown to more than 600 partners, from about 50 at launch, as wealthy flyers trade jet ownership for access.
South African tycoon Stephen Saad's Aspen receives $220 million for menopause drug sale
Aspen Pharmacare, led by South African tycoon Stephen Saad, has received €197 million from Ennogen and completed the sale of Ovestin in Europe.
Burkina Faso tycoon Idrissa Nassa's Coris Bank stake soars to $1.1 billion
Shares of Coris Bank International have tripled this year, lifting the stake held by Burkina Faso tycoon Idrissa Nassa's Coris Holding to $1.13 billion.
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The Inside Story: The Dealer — How Mohamed Mansour Rebuilt a Nationalised Family Business Into a $4 Billion Fortune, From GM and Caterpillar to Electric Cars and Football
Nasser nationalised his father's cotton business. Mohamed Mansour came back, won the GM and Caterpillar franchises and built one of Egypt's largest companies. Now, at 78, he is building electric cars with China's SAIC. The story of the dealer, from Cairo to Westminster.
Deep-Dive Report: The $60 Billion Map — Dangote's Plan From Walvis Bay to Lamu, Who Is Financing It, and What Could Slow It Down
Aliko Dangote has raised his Africa investment target to $60 billion by 2030, broken ground on a $2.5 billion fuel hub in Namibia and heard Afreximbank say it would lend him $10 billion. A deep-dive on the projects, the money behind them and the risks of building at this scale.
Investor Memo: The New Orascom — What Nassef Sawiris's OCI Merger Means for Shareholders, the Cash Offer Closing November 17, and the $1 Billion Investment Plan
OCI shareholders voted 99.85% to fold the company into Orascom Construction. Now they must choose between Orascom shares and Nassef Sawiris's €4.10 cash offer, which closes November 17. Our arithmetic on both options, Sawiris's likely stake and the new group's $1 billion plan.
Morocco's royal holding Al Mada leads $12 million round in AI startup Journify
Al Mada Ventures, backed by the investment holding of Morocco's royal family, led a $12 million Series A in advertising data startup Journify.
Egypt’s richest man Nassef Sawiris wins 99.85% vote to merge OCI and Orascom
Egypt’s richest man won near-unanimous approval to fold OCI into Orascom Construction, creating an Abu Dhabi investment group he will chair.
Egyptian billionaire Nassef Sawiris' Aston Villa commits to Unai Emery beyond 2029
Egyptian billionaire Nassef Sawiris's Aston Villa says it has a clear commitment from manager Unai Emery beyond 2029, after interest from Manchester United.
Egyptian billionaire Mohamed Mansour's $150 million electric car plant to open in 2027
Egyptian billionaire Mohamed Mansour's group expects to finish its electric-vehicle plant near Cairo by early 2027, as his Right to Dream academy partners with Egypt.
Egyptian billionaire Nassef Sawiris wins shareholder approval to merge OCI with Orascom Construction
OCI shareholders have approved its combination with Orascom Construction, advancing Egyptian billionaire Nassef Sawiris’s plan to create a broader infrastructure and investment platform.
Egyptian billionaire Ahmed Elsewedy's Elsewedy Electric moves into elevators
Elsewedy Electric, the industrial group run by Egyptian tycoon Ahmed Elsewedy, has launched an elevator brand and wants 1 billion pounds in sales in 2027.
Egyptian billionaire Nassef Sawiris wins apology from TV pundit Jamie Carragher
TV pundit Jamie Carragher apologized to Aston Villa, its owners and fans less than 24 hours after Egyptian billionaire Nassef Sawiris threatened legal action.
Egyptian pharma tycoon Ahmed Abu Al-Naga sells half of ATCO for $50 million
Private equity firm RMBV is taking 50% of ATCO Pharma, the Egyptian drugmaker run by Ahmed Abu Al-Naga, in a $50 million deal.
Burkina Faso tycoon Idrissa Nassa's Coris Bank stake soars to $1.1 billion
Shares of Coris Bank International have tripled this year, lifting the stake held by Burkina Faso tycoon Idrissa Nassa's Coris Holding to $1.13 billion.
Nigerian billionaire Tony Elumelu names four barriers holding back Africa's economy
Tony Elumelu, whose foundation has given more than $100 million to African entrepreneurs since 2015, said a shortage of capital is holding Africa back.
Indian billionaire Sunil Mittal set for $89 million Airtel Africa dividend as company launches new buyback
Sunil Mittal is set to receive about $89 million as Airtel Africa fixes its 3.1-cent interim dividend and launches a new share buyback tranche.
Nigerian billionaire Aliko Dangote says he waits for trouble every morning at work
Africa's richest man told women business leaders in Lagos that Nigeria needs more factories and fewer traders, and that he leaves work problems behind.
Ivorian tycoon Jean-Louis Billon's sugar company delays expansion as stocks jump 56%
Sucrivoire, the sugar maker in the Billon family's SIFCA group, has delayed its expansion by a season after unsold stocks climbed 56% to $84 million.
Cameroonian tycoon Sylvestre Ngouchinghe's fish importer holds 66% of quotas as shortages loom
Cameroon plans to reassign unused fish import quotas after a warning from Congelcam, the company of tycoon Sylvestre Ngouchinghe, which holds 66% of them.
Nigerian billionaire Aliko Dangote loses $1.6 billion as Dangote Cement shares sink 10%
Aliko Dangote's Dangote Cement stake lost about $1.6 billion in value on Thursday after the shares fell 10%, the daily maximum in Lagos.
Cameroonian banking tycoon Paul Fokam's Afriland cleared to run Togo's second brokerage
Africa Diamond Invest, a Lomé firm backed by Cameroonian banking tycoon Paul Fokam's Afriland group, can now trade shares on West Africa's regional stock exchange.
Kenyan billionaire Narendra Raval’s $539 million Kitui cement plant to create 4,000 jobs
Kenyan President William Ruto valued Narendra Raval’s Kitui cement plant at Sh70 billion ($539 million) and said it will create 4,000 jobs.
Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
Mo Ibrahim told Zambia's Hakainde Hichilema not to waste his first-term progress, citing arrests, the death of a former MP and court closures.
Billionaires Narendra Raval, Edha Nahdi bet $600 million on clinker as Sarbjit Rai enters cement business
Narendra Raval's West Pokot plant and Edha Nahdi's Kwale project commit roughly Sh77 billion ($600m) to clinker, the input East Africa has always imported. Now Sarbjit Singh Rai has filed for a third plant in Nyeri.
President Paul Kagame says Rwanda wants a stake in Dangote's $16 billion Kenyan refinery
Rwanda's President Paul Kagame has confirmed his country is in early talks about taking a stake in Aliko Dangote's planned $16 billion Lamu oil refinery, saying Rwanda would be "very happy" to participate.
Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
Aliko Dangote has offered Kenya a $500 million stake in his planned $20 billion Lamu oil refinery, with groundbreaking now targeted for September as East African governments weigh their participation.
Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
Madagascar's richest man Ylias Akbaraly criticises Elon Musk's mass layoffs in a new memoir, saying job cuts expose people to social death.
Esther Koimett becomes Middle East Bank Kenya's largest shareholder after inheriting Nicholas Biwott's stake
Esther Koimett, daughter of the late Kenyan billionaire and cabinet minister Nicholas Biwott, has emerged as Middle East Bank Kenya's largest individual shareholder with a 17.48% stake.
Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
Africa's richest man Aliko Dangote has selected Kenya's Lamu Island as the site for a $17 billion refinery that would transform East Africa's fuel supply.
South African tycoon Stephen Saad's Aspen receives $220 million for menopause drug sale
Aspen Pharmacare, led by South African tycoon Stephen Saad, has received €197 million from Ennogen and completed the sale of Ovestin in Europe.
South African billionaire Johann Rupert's Remgro seeks licence to trade power across borders
Remgro's electricity trader EXSA has applied to South Africa's energy regulator for a licence to import and export power across the 16-nation SADC region.
South African tycoon Brian Joffe, who built Bidvest, wins lifetime achievement award
Brian Joffe, the South African dealmaker who built Bidvest and Bidcorp from a pet-food stake, received a lifetime achievement award and spoke about giving back.
Aliko Dangote raises Africa investment target to $60 billion as he breaks ground on $2.5 billion Namibia fuel hub
Aliko Dangote raised his Africa investment target to $60 billion by 2030 and broke ground on a $2.5 billion fuel project in Namibia.
South African tycoon Tshepo Mahloele's Lebashe sees iOCO stake fall to 14.4%
Lebashe Investment Group, chaired by South African tycoon Tshepo Mahloele, now owns 14.36% of tech services firm iOCO, down from 17% a year earlier.
South African billionaire Johann Rupert warns global uncertainty is here to stay
Remgro chairman Johann Rupert says global uncertainty will no longer come in passing waves and that South Africa needs policy certainty and faster decisions.
South African Newmont CEO Natascha Viljoen gives up 25,780 shares worth $2.9 million
Newmont CEO Natascha Viljoen disposed of 25,780 shares worth about $2.9 million as stock awards vested and a sale under her trading plan went through.
South African auto mogul Jebb McIntosh dies at 80, leaving $59 million stake
Jebb McIntosh, co-founder and chief executive of South African car dealer Combined Motor Holdings, has died at 80, leaving a stake worth about $59 million.
Billionaire Mohammed Al-Amoudi to build stadium for Ethiopia's most successful football club
MIDROC, owned by Saudi-Ethiopian billionaire Mohammed Al-Amoudi, will fund a new stadium for Saint George, as sponsors pledge more than $3.1 million a season.
Ethiopian billionaire Mohammed Al-Amoudi's Nyala Insurance tops $6 million in profit
Nyala Insurance, the Ethiopian insurer co-founded by billionaire Mohammed Al-Amoudi, says annual profit passed 1 billion birr as paid-up capital topped 2 billion birr.
Somali tycoon Abdirashid Duale's Dahabshiil to sell Chinese carmaker Chery's cars in Somalia
Dahabshiil Motors, the car arm of Abdirashid Duale's Dahabshiil Group, has signed a deal to become an authorized dealer for China's Chery in Somalia.
Billionaire Mohammed Al-Amoudi accused of funding al-Qaeda in secret Pentagon report
A classified 2002 Pentagon report names billionaire Mohammed Al-Amoudi in an alleged money trail to Osama bin Laden, Swedish broadcaster SVT reports. He denies it.
Ethiopian billionaire Mohammed Al-Amoudi's failed refinery cost Morocco $7 billion
Mohammed Al-Amoudi bought Morocco's only refinery for 4 billion dirhams in 1997. It shut in 2015 owing over $4 billion and has never reopened.
Billionaire Mohammed Al-Amoudi orders his conglomerate to hire 40,000 more Ethiopians
Mohammed Al-Amoudi has instructed MIDROC's chief executive to lift the workforce from about 80,000 to between 100,000 and 120,000 employees.
Tewodros Ashenafi is the man foreign companies use to get into Ethiopia
Tewodros Ashenafi was the local partner on Ethiopia's largest privatisation, a $1.4 billion tobacco deal, and co-owns Ambo with Coca-Cola.
Ethiopian billionaire Mohammed Al-Amoudi is rebuilding his gold business in a new region
MIDROC has ordered Austrian machinery for a plant treating 1.25 million tonnes of ore a year, eight years after Ethiopia suspended its main mine.
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African Wealth Briefing — Fri., Nov. 6, 2026
Aliko Dangote raised his Africa investment target to $60 billion and broke ground on a $2.5 billion fuel hub in Namibia. Nassef Sawiris won a 99.85% vote to merge OCI with Orascom. And Mohamed Mansour set out plans for an electric car plant with China's SAIC.
The Inside Story: The Dealer — How Mohamed Mansour Rebuilt a Nationalised Family Business Into a $4 Billion Fortune, From GM and Caterpillar to Electric Cars and Football
Nasser nationalised his father's cotton business. Mohamed Mansour came back, won the GM and Caterpillar franchises and built one of Egypt's largest companies. Now, at 78, he is building electric cars with China's SAIC. The story of the dealer, from Cairo to Westminster.
Deep-Dive Report: The $60 Billion Map — Dangote's Plan From Walvis Bay to Lamu, Who Is Financing It, and What Could Slow It Down
Aliko Dangote has raised his Africa investment target to $60 billion by 2030, broken ground on a $2.5 billion fuel hub in Namibia and heard Afreximbank say it would lend him $10 billion. A deep-dive on the projects, the money behind them and the risks of building at this scale.
Investor Memo: The New Orascom — What Nassef Sawiris's OCI Merger Means for Shareholders, the Cash Offer Closing November 17, and the $1 Billion Investment Plan
OCI shareholders voted 99.85% to fold the company into Orascom Construction. Now they must choose between Orascom shares and Nassef Sawiris's €4.10 cash offer, which closes November 17. Our arithmetic on both options, Sawiris's likely stake and the new group's $1 billion plan.
How VistaJet built a 600-partner luxury travel world around its private jets
VistaJet's Private World network has grown to more than 600 partners, from about 50 at launch, as wealthy flyers trade jet ownership for access.
South African tycoon Stephen Saad's Aspen receives $220 million for menopause drug sale
Aspen Pharmacare, led by South African tycoon Stephen Saad, has received €197 million from Ennogen and completed the sale of Ovestin in Europe.
Burkina Faso tycoon Idrissa Nassa's Coris Bank stake soars to $1.1 billion
Shares of Coris Bank International have tripled this year, lifting the stake held by Burkina Faso tycoon Idrissa Nassa's Coris Holding to $1.13 billion.
American billionaire Elon Musk deletes election posts as Tesla and SpaceX shares drop after midterms
Elon Musk has deleted his election posts after Tesla and SpaceX shares fell, wiping more than $120 billion off their combined value, Bloomberg reported.
South African tycoon Michael Lewis to leave fashion retailer TFG after 37 years
South African tycoon Michael Lewis will step down as chairman of TFG Ltd. at the end of 2026, ending 37 years on the retailer's board.
Nigerian billionaire Tony Elumelu names four barriers holding back Africa's economy
Tony Elumelu, whose foundation has given more than $100 million to African entrepreneurs since 2015, said a shortage of capital is holding Africa back.
American billionaire Nelson Peltz faces Wendy's rejection as $1.4 billion takeover bid hits wall
Nelson Peltz's $1.4 billion bid to take Wendy's private has hit a wall after the burger chain rejected his offer and adopted a poison pill.
Indian billionaire Sunil Mittal set for $89 million Airtel Africa dividend as company launches new buyback
Sunil Mittal is set to receive about $89 million as Airtel Africa fixes its 3.1-cent interim dividend and launches a new share buyback tranche.
Japanese billionaire Masayoshi Son loses $3.9 billion as SoftBank shares plunge 11% in Asian chip rout
Masayoshi Son lost $3.9 billion as SoftBank shares tumbled 11%, leading $18 billion in losses among Asia’s tech billionaires amid a global AI selloff.
Nigerian billionaire Aliko Dangote says he waits for trouble every morning at work
Africa's richest man told women business leaders in Lagos that Nigeria needs more factories and fewer traders, and that he leaves work problems behind.
South African billionaire Johann Rupert's Remgro seeks licence to trade power across borders
Remgro's electricity trader EXSA has applied to South Africa's energy regulator for a licence to import and export power across the 16-nation SADC region.
Ivorian tycoon Jean-Louis Billon's sugar company delays expansion as stocks jump 56%
Sucrivoire, the sugar maker in the Billon family's SIFCA group, has delayed its expansion by a season after unsold stocks climbed 56% to $84 million.
