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Africa's richest man unveils plans for a 2,000-megawatt power plant, fertiliser complex and a new port in Tanzania
Aliko Dangote has unveiled plans for a 2,000-megawatt coal power plant, a urea fertiliser complex and new port infrastructure in Tanzania after meeting President Samia Suluhu.
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Cameroon's richest man Baba Ahmadou Danpullo bets $850 million on new airline
Cameroonian billionaire Baba Ahmadou Danpullo is investing 500 billion FCFA, nearly his entire fortune, to launch a private airline and build two new airports in Cameroon.
Africa's richest man unveils plans for a 2,000-megawatt power plant, fertiliser complex and a new port in Tanzania
Aliko Dangote has unveiled plans for a 2,000-megawatt coal power plant, a urea fertiliser complex and new port infrastructure in Tanzania after meeting President Samia Suluhu.
Elon Musk is a trillionaire again after SpaceX and Tesla shares added $62 billion to his fortune in a single day
Elon Musk has reclaimed trillionaire status after SpaceX and Tesla shares surged on Monday, adding $62 billion to his fortune in a single trading session.
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Billionaire Ahmed El Sewedy's Elsewedy Electric launches a new generator range to power Egypt's industrial expansion
Ahmed El Sewedy's Elsewedy Electric has launched a new generator range spanning 9 to 2,750 kVA, expanding its power generation portfolio for Egypt's industrial and infrastructure sectors.
Egyptian billionaire Naguib Sawiris raises Giza pyramid investment to $40.6 million
Naguib Sawiris' Orascom Pyramids is raising its Giza plateau investment to $40.6 million by 2027, deepening the Egyptian billionaire's decade-long bet on Egypt's tourism transformation.
Egypt's Farida Khamis bet the family carpet fortune on a $680 million petrochemical plant
While her sister runs the world's largest carpet maker, Farida Khamis built Egypt's only integrated polypropylene producer and chairs a $680 million industrial bet.
Egyptian billionaire Naguib Sawiris met Syria's president in Damascus to resolve investments he lost under the Assad regime
Egyptian billionaire Naguib Sawiris has met Syria's new president in Damascus as he seeks to resolve outstanding financial claims in the country.
Egyptian fintech unicorn MNT-Halan could be Egypt's next major IPO
Egyptian fintech unicorn MNT-Halan is said to be worth up to $1 billion and is exploring a public listing that could make founder Mounir Nakhla one of Egypt's newest billionaires.
Egyptian billionaire Nassef Sawiris makes unsolicited bid to take chemical giant OCI Global private at EUR 4.10 per share
Egyptian billionaire Nassef Sawiris has launched an unsolicited all-cash offer of EUR 4.10 per share to take nitrogen producer OCI Global private and end a prolonged corporate impasse.
Algerian billionaire Abderrahmane Benhamadi's Condor just signed deals to sell electronics in Rwanda and Tanzania
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Egyptian billionaire Ahmed El-Sewedy just committed $200 million to three new industrial projects
Ahmed El Sewedy's Elsewedy Electric has launched three strategic industrial projects worth $200 million targeting Egypt's circular economy ambitions and expanding its industrial export base.
Cameroon's richest man Baba Ahmadou Danpullo bets $850 million on new airline
Cameroonian billionaire Baba Ahmadou Danpullo is investing 500 billion FCFA, nearly his entire fortune, to launch a private airline and build two new airports in Cameroon.
Africa's richest man unveils plans for a 2,000-megawatt power plant, fertiliser complex and a new port in Tanzania
Aliko Dangote has unveiled plans for a 2,000-megawatt coal power plant, a urea fertiliser complex and new port infrastructure in Tanzania after meeting President Samia Suluhu.
Ghanaian multimillionaire Papa Kwesi Nduom wants to buy Standard Chartered's local retail business
Papa Kwesi Nduom's Groupe Nduom is exploring the acquisition of Standard Chartered Bank Ghana's retail banking business and wants an indigenous Ghanaian company to win the deal.
Billionaire Tony Elumelu's Heirs Energies commissions a digital nerve centre to run Nigeria's OML 17 oilfield from a single screen
Tony Elumelu's Heirs Energies has commissioned a digital operations hub at OML 17 that integrates real-time monitoring, security and production data into a single platform.
Africa's richest man is weighing major new investments in Tanzania
Tanzania has directed government ministries to begin technical discussions with Aliko Dangote on investments in fertiliser production, energy and transport infrastructure after President Samia's meeting with Africa's richest man.
Toyin Ajayi raised $891 million to fix American healthcare for the people everyone else gave up on
Toyin Ajayi grew up in Nairobi, trained in London and built a $6 billion company to fix American healthcare for the patients everyone else gave up on.
Dangote Refinery imports first UAE crude cargoes from Middle East
Dangote Petroleum Refinery has purchased its first two UAE crude oil cargoes, marking a historic shift in the refinery's feedstock sourcing strategy amid persistent Nigerian crude supply constraints.
Africa's richest man signs massive equipment deal with China's XCMG to double his refinery's capacity by 2029
Aliko Dangote has signed a major equipment deal with Chinese machinery manufacturer XCMG to double the Dangote Petroleum Refinery's capacity to 1.3 million barrels per day by 2029.
High Court clears the way to distribute Simeon Nyachae's estate
A Kenyan court has dismissed a challenge by Simeon Nyachae's son, clearing the way to distribute the late politician's sprawling estate and business empire
Kenya signs $1.2 billion JKIA deal with China Road and Bridge; government says Chivayo firm did not bid
Chirchir stated that no Chivayo-linked company bid for the JKIA contract, naming China Road and Bridge Corporation as the signatory.
Family Bank founder Titus Muya and associates pocket $36.6 million paper gain as Kenyan lender surges 44% on NSE debut
Family Bank founder Titus Muya and his associates pocketed a $36.6 million paper gain as the Kenyan lender surged 44% on its NSE debut Tuesday.
Billionaire Rostam Aziz's Taifa Mining clears key hurdle at Tanzania gold project set for construction
Rostam Aziz's Taifa Mining has cleared a critical pre-construction drilling milestone at Lake Victoria Gold's fully permitted Imwelo gold project in Tanzania.
Tanzanian billionaire Edha Nahdi's cement bets pay off as EAPC profit jumps five-fold
Tanzanian tycoon Edhah Abdallah Munif's investments in Kenya's two biggest cement companies are already paying off handsomely, with both posting sharply improved financial results.
Madagascar tycoon Mamy Ravatomanga's security firm severs ties with France's Amarante International
A security firm formerly linked to Madagascar's Mamy Ravatomanga has broken with France's Amarante International as his Sodiat Group empire faces deepening judicial pressure.
Kenyan tycoon TK Muya's Family Bank wins regulatory approval for its long-awaited NSE listing
Family Bank has received Capital Markets Authority approval to list on the Nairobi Securities Exchange on June 23 after raising KES 8 billion ($61.8 million) in 2025.
Adil Popat's Simba Corp commits $7.7 million to Kenya electric vehicle assembly line
Adil Popat's Simba Corp is investing Sh1 billion ($7.7 million) in a dedicated electric vehicle assembly line at its Mombasa plant through subsidiary Associated Vehicle Assemblers.
South Africa has a new dollar billionaire and it is Dis-Chem founder Ivan Saltzman
The Saltzman family has been ranked by the Bloomberg Billionaires Index for the first time with a $1.3 billion fortune built from a single Johannesburg pharmacy.
South African billionaire Christo Wiese's Invicta lifts revenue with offshore expansion
Christo Wiese's Invicta Holdings has posted steady revenue growth for the year to March 2026, driven by offshore dealmaking including a R250 million UK agricultural acquisition.
South African billionaire Ivan Saltzman built Dis-Chem into a $1.7 billion empire but Bloomberg says the succession test is only beginning
Ivan Saltzman built Dis-Chem from a single Johannesburg pharmacy in 1978 into a $1.7 billion healthcare chain and now faces his hardest task: handing it over.
IDC bets R2.5 billion on Robert Gumede's Tongaat rescue and doubles down
South Africa's IDC has doubled down on its R2.5 billion Tongaat Hulett commitment, converting its loan to equity in a bet that the 134-year-old sugar giant can be rescued.
Zimbabwean tycoon Kudakwashe Tagwirei pledges $1 million to bring 20,000 stranded Zimbabweans home from South Africa
Kudakwashe Tagwirei and his wife Sandra have pledged $1 million through their Bridging Gaps Foundation to fund emergency repatriation of 20,000 Zimbabweans from South Africa.
Botswana fights South African mining tycoon Bridgette Motsepe-Radebe's R83 million legal bill
The Botswana government is fighting Bridgette Motsepe-Radebe's R83 million legal bill after a court cleared the South African businesswoman of a fabricated $10 billion conspiracy.
South African arms mogul Ivor Ichikowitz's Paramount teams with Baba Kalyani to launch Simha armored vehicle in France
Ivor Ichikowitz's Paramount Group, Africa's largest private defense company, has unveiled the Simha armored vehicle in France with billionaire Baba Kalyani's Indian defense group.
Zimbabwean billionaire Strive Masiyiwa joins the board of advisors of Laurel Strategies, the global CEO advisory firm
Zimbabwean billionaire Strive Masiyiwa has joined the board of advisors of Laurel Strategies, a global CEO advisory firm that counsels Fortune 500 leaders on strategy, reputation and governance.
Morocco rejects plan to nationalise Ethiopian billionaire Mohammed Al-Amoudi's collapsed SAMIR refinery
Morocco's upper house has rejected a bid to nationalise the SAMIR refinery, the shuttered facility once owned by billionaire Mohammed Al-Amoudi that collapsed under $4 billion in debt.
Saudi-Ethiopian billionaire Mohammed Al Amoudi's MIDROC secures $80 million for Sheraton Addis upgrade
Mohammed Al-Amoudi's MIDROC Ethiopia has signed an $80 million IFC loan to refurbish the Sheraton Addis and build a second Sheraton hotel in Addis Ababa.
Qatar's billionaire Al-Khayyat family is bidding to build Africa's largest airport in Ethiopia
Qatar's Al-Khayyat family, through Power International Holding, is bidding to build Ethiopia's planned $12.5 billion Bishoftu airport and a 400-kilometre highway in the DRC.
Somali tycoon Amina Moghe Hersi's Atiak Sugar Factory has eaten $204 million and produced nothing in years. Uganda is demanding answers.
Uganda's parliament is demanding answers after Amina Moghe Hersi's Atiak Sugar Factory consumed $204 million in public and private funds without producing sugar in years.
Saudi-Ethiopian Mohammed Al-Amoudi is worth $9 billion on Bloomberg but missing from the Forbes 2026 billionaires list and here is why
Mohammed Al-Amoudi is worth $9.12 billion on Bloomberg but does not appear on the Forbes 2026 billionaires list. Here is why.
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.
Latest Posts
The Inside Story: The Iron Lady’s Hardest Season
Cameroon’s richest woman built her country’s cocoa trade around a single partner. When Cargill walked away, Kate Fotso faced the worst season in three decades — and began to reinvent herself.
Deep-Dive Report: Cletus Ibeto — Built from the Wreckage
He turned a few pounds — from a sold suit and a parcel of salvaged tablets — into one of Nigeria’s largest private industrial groups.
Wealth Intelligence: Nassef Sawiris — The Third Empire
This week, Nassef Sawiris moved to take his flagship, OCI Global, private — a fitting bookend to one chapter and the opening of another.
African Wealth Briefing — Tues., June 30, 2026
South Africa has a new dollar billionaire in Dis-Chem founder Ivan Saltzman. Papa Kwesi Nduom bids for Standard Chartered's Ghana retail arm.
Cameroon's richest man Baba Ahmadou Danpullo bets $850 million on new airline
Cameroonian billionaire Baba Ahmadou Danpullo is investing 500 billion FCFA, nearly his entire fortune, to launch a private airline and build two new airports in Cameroon.
Africa's richest man unveils plans for a 2,000-megawatt power plant, fertiliser complex and a new port in Tanzania
Aliko Dangote has unveiled plans for a 2,000-megawatt coal power plant, a urea fertiliser complex and new port infrastructure in Tanzania after meeting President Samia Suluhu.
Elon Musk is a trillionaire again after SpaceX and Tesla shares added $62 billion to his fortune in a single day
Elon Musk has reclaimed trillionaire status after SpaceX and Tesla shares surged on Monday, adding $62 billion to his fortune in a single trading session.
Billionaire Ahmed El Sewedy's Elsewedy Electric launches a new generator range to power Egypt's industrial expansion
Ahmed El Sewedy's Elsewedy Electric has launched a new generator range spanning 9 to 2,750 kVA, expanding its power generation portfolio for Egypt's industrial and infrastructure sectors.
South Africa has a new dollar billionaire and it is Dis-Chem founder Ivan Saltzman
The Saltzman family has been ranked by the Bloomberg Billionaires Index for the first time with a $1.3 billion fortune built from a single Johannesburg pharmacy.
South African billionaire Christo Wiese's Invicta lifts revenue with offshore expansion
Christo Wiese's Invicta Holdings has posted steady revenue growth for the year to March 2026, driven by offshore dealmaking including a R250 million UK agricultural acquisition.
Egyptian billionaire Naguib Sawiris raises Giza pyramid investment to $40.6 million
Naguib Sawiris' Orascom Pyramids is raising its Giza plateau investment to $40.6 million by 2027, deepening the Egyptian billionaire's decade-long bet on Egypt's tourism transformation.
Uganda military shuts Tanzanian billionaire Rostam Aziz's Nation Media Group outlets
Uganda's military chief General Muhoozi Kainerugaba has shut down Nation Media Group's Ugandan operations just four months after Tanzanian billionaire Rostam Aziz acquired a controlling stake.
Billionaire Tiger Woods is building a second championship golf course in Virginia
Tiger Woods' TGR Design has been tapped to build a second championship golf course at Tributer Resort in Virginia as his off-course business empire continues to expand.
Sam Jonah engineered Africa's $1.48 billion gold merger then rejected the billionaire label
The Ghanaian mining titan turned a single Obuasi pit into a global gold giant, then spent his later years questioning who really owns Africa.
Moussa Koanda built Burkina Faso's first solar panel factory and a $111 million cement empire
Moussa Koanda moved from consumer goods trading and petroleum distribution to build Burkina Faso's first solar panel factory, a $111 million cement plant and one of West Africa's most quietly formidable industrial empires.
Bhimji Depar Shah turned a Kenyan petrol station into a $700 million Bidco empire
Bhimji Depar Shah started with a petrol station in Nyeri and built Bidco Africa into a $700 million consumer-goods empire across 13 African countries.
