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Aliko Dangote just crossed $35 billion, jumped to 65th richest globally and added $3 billion in two weeks
Aliko Dangote's net worth has surged to $35.9 billion, a year-to-date gain of $5.92 billion, as his refinery dominance, cement expansion and Kenya refinery plans accelerate his wealth creation in 2026.
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Kevin Hart’s Hartbeat faces turmoil after layoffs, executive exits and strategy fights
Kevin Hart’s Hartbeat is facing leadership turmoil, layoffs and growing uncertainty as Hollywood’s production slowdown squeezes celebrity backed media companies.
Egypt's Hassan Allam wins $490 million Saudi Museum contract in Diriyah
Hassan Allam Construction and Saudi firm Albawani won a $490 million contract to build Saudi Arabia's national contemporary art museum in Diriyah.
Madagascar's richest Man Ylias Akbaraly says the country's political crisis is scaring everyone away from investment
Madagascar's richest man Ylias Akbaraly says the political crisis is frightening investors away as a France-Madagascar diplomatic standoff deepens.
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The Inside Story: The Rabiu Wealth Surge and the Free-Float Problem — Why $8.88 Billion in Four Months Is the Most Interesting African Wealth Story of 2026
Abdul Samad Rabiu has added $8.88 billion to his Bloomberg-tracked wealth in four months. The structural story is the 2.31 percent free float — and what it means for foreign investors trying to access BUA.
Investor Memo: The Dangote Multi-Listing Architecture as a Position-Sizing Framework
Aliko Dangote now has three parallel equity vehicles in motion — cement London listing in September, refinery IPO in June-July, and the Kenya vehicle. A position-sizing framework for Elite subscribers.
Executive Insight: Dangote’s Kenya Vehicle and the $60 Billion Problem — What the Pan-African Capital Mobilization Architecture Tells Foreign Investors About the Next Decade of African Industrial Equity
Aliko Dangote's Kenya-based investment vehicle is a test of whether African industrial capital can be mobilized from within the continent at meaningful scale, addressing $60 billion in annual capital outflow.
Billionaires Nassef Sawiris and Wes Edens move to acquire French club FC Annecy
Nassef Sawiris and Wes Edens' V-Sports is closing in on a controlling stake in French Ligue 2 club FC Annecy as Aston Villa's multi-club network moves into France.
Egypt's Hassan Allam wins $490 million Saudi Museum contract in Diriyah
Hassan Allam Construction and Saudi firm Albawani won a $490 million contract to build Saudi Arabia's national contemporary art museum in Diriyah.
Meet Issad Rebrab, the accountant who turned a small metals stake into a $5 billion empire
Issad Rebrab started with a 20% stake in a metals firm. Five decades later, he had built Algeria's largest private company and its first billion-dollar fortune.
Algerian billionaire Issad Rebrab's Cevital launches $600 million Sugar Beet project
Cevital has launched a $600 million sugar beet farming and refining project in Algeria's Ghardaïa region, with a processing plant scheduled for 2028.
Egyptian billionaire Naguib Sawiris and Tarak Ben Ammar sell their loss-making Italian DTT multiplex for €2.5 million after bleeding €29 million in 2 years
Prima TV, co-owned by Naguib Sawiris and Tarak Ben Ammar, has sold its Italian digital terrestrial TV multiplex for €2.5 million after losing €29.5 million over 2 consecutive years.
Billionaire Othman Benjelloun's shipping company AML plans a Morocco-to-Canary Islands ferry route as it grows its fleet to 7 ships and adds France and Algeria crossings
Africa Morocco Link, co-owned by Othman Benjelloun's O Capital Group, plans a Morocco to Canary Islands route within 3 years as it expands its 2-ship fleet to 7 vessels.
King Mohammed VI gives Crown Prince Moulay Hassan his first real military job in a move that mirrors the king's own path to the throne 40 years ago
King Mohammed VI has appointed Crown Prince Moulay El Hassan as coordinator of Morocco's military general staff, giving the 22-year-old his first substantive role in the Royal Armed Forces.
Egyptian tycoon Hassan Allam meets Syria's President al-Sharaa in Damascus to discuss infrastructure and real estate investment
Egyptian construction billionaire Hassan Allam met Syrian President al-Sharaa in Damascus to explore real estate and infrastructure investment in post-war Syria.
Billionaire Femi Otedola's First HoldCo is targeting a N1 trillion capital base as it moves to reshape Nigerian banking
FirstHoldCo is seeking shareholder approval to raise N253 billion in fresh capital as it pushes toward a N1 trillion paid-up capital base.
Norway's $1.9 trillion fund eyes partnership with Dangote Group
Aliko Dangote flew to Oslo for a fireside meeting with the CEO of the world's largest sovereign wealth fund to discuss an Africa partnership.
Aliko Dangote targets September London listing for Dangote Cement in busiest year of his business life
Aliko Dangote told the Financial Times that Dangote Cement is targeting a London listing by September with three major banks already appointed.
Ibukun Awosika opens THE HUB in Lekki as premium executive meeting and events destination
Nigerian business leader Ibukun Awosika has launched THE HUB, a premium booking-only executive venue in Lekki built for boardrooms, conferences and high-value business engagements.
Mustafa Rawji's Rawbank posts 232 million dollars profit as DRC's largest lender targets regional investment banking
Mustafa Rawji's Rawbank posted a 9% rise in net profit to $232 million for 2025, with the DRC's largest lender pushing into regional investment banking.
Aliko Dangote plans London listing of $13 billion Dangote Cement, reviving 2018 attempt
Aliko Dangote is planning a London listing of his $13 billion Dangote Cement business this year, reviving an attempt last shelved in 2018.
Nigerian billionaire Femi Otedola makes $36.5 million in paper gains in one day as First HoldCo surges 10% on record Q1 results
FirstHoldCo surged nearly 10% on the NGX after Q1 profit jumped 72%, adding N49.6 billion in paper gains to Femi Otedola's 18.12% stake in a single session.
Nigerian oil tycoon Tein Jack-Rich to run for Senate
Oil mogul Tein Jack-Rich entered the Rivers West APC senatorial race and warned the party against sidelining founding members for new defectors.
Madagascar's richest Man Ylias Akbaraly says the country's political crisis is scaring everyone away from investment
Madagascar's richest man Ylias Akbaraly says the political crisis is frightening investors away as a France-Madagascar diplomatic standoff deepens.
Kenyan advertising magnate Bharat Thakrar moves to oust WPP Scangroup's entire board over five years of losses and a 62% share price collapse
Bharat Thakrar and minority shareholders holding 13.59% of WPP Scangroup have demanded a special general meeting to remove the entire board after five straight years of losses.
Kenyan tycoon David Langat's DL Group denies tea asset sale reports as financial pressure mounts
DL Group dismissed reports of a possible tea asset sale as inaccurate even as its founder faces multiple live debt actions across his core Kenyan assets.
Ruto and Macron break a 53-year tradition as Nairobi hosts the Africa-France Summit
Heirs Holdings chairman Tony Elumelu leads the new business coalition as Emmanuel Macron and William Ruto co-host the first non-Francophone Africa-France summit.
Rostam Aziz's Taifa Group backs Lake Victoria Gold's push toward gold production in Tanzania
Tanzanian tycoon Rostam Aziz's Taifa Group is acquiring equity in Lake Victoria Gold and handling construction at its Imwelo project, which is preparing for production.
Muhoho Kenyatta, son of Kenya's founding president, is revealed as NCBA's top individual shareholder with a $154 million stake
Muhoho Kenyatta, son of Kenya's founding president Jomo Kenyatta, holds 227.3 million NCBA shares worth Sh20 billion ($153.8 million), the largest disclosed individual fortune on the Nairobi Securities Exchange.
Kenya's Auditor-General flags tycoon Jaswant Rai's Nzoia Sugar takeover as opaque
Kenya's Auditor-General has flagged the 30-year lease of Nzoia Sugar to Jaswant Rai's West Kenya as opaque, saying no handover document or asset valuation was provided to auditors.
Tanzanian billionaire Rostam Aziz says his Taifa Gas plant in Mombasa will open in months
Tanzanian billionaire Rostam Aziz says his Sh16 billion Taifa Gas LPG terminal in Mombasa's Dongo Kundu SEZ will open in coming months, breaking a duopoly that controls 98% of Kenya's cooking gas imports.
Cobus Loots's $219 million move on Emmerson Resources gives Pan African full control of Australia's richest gold district
Cobus Loots's Pan African Resources has received court approval to acquire Emmerson Resources in a $219 million all-share deal that will consolidate full ownership of the Tennant Creek gold project and add a third stock exchange listing.
Patrice Motsepe's foundation hands $1 million to the Cameroon startup turning trash into industrial gold
BleagLee, a Cameroonian startup converting plastic and e-waste into high-value materials using AI, has taken the $1 million Milken-Motsepe grand prize.
Zimbabwean billionaire Strive Masiyiwa's Cassava plans 20MW Joburg AI factory as Cape Town goes live
Strive Masiyiwa's Cassava Technologies is planning a 20MW AI factory in Johannesburg with 12,000 to 13,000 GPUs targeted across Africa as its Cape Town facility prepares to go live.
James Makamba's Telecel Zimbabwe stake is every buyer's biggest headache
Buying Telecel Zimbabwe means inheriting a tangle of ownership claims, including James Makamba's Kestrel Corporation stake and other unresolved competing interests.
Jason Quinn's Nedbank opens its $855 million bid for Kenya's NCBA and shareholders have six weeks to decide
Nedbank CEO Jason Quinn has opened a $855 million tender offer for a 66% controlling stake in Kenya's NCBA Group, one of the largest cross-border banking transactions in African history, with shareholders given until July 10 to respond.
Johann Rupert saved his father's car collection from oblivion and turned it into one of the Southern Hemisphere's finest museums
Johann Rupert rescued his father's historic car collection from closure in 2003 and turned it into the Franschhoek Motor Museum, now one of the finest collections in the Southern Hemisphere.
Evidence emerges that Zanu PF held a secret 45 percent stake in tycoon Kudakwashe Tagwirei's Sakunda Holdings
Leaked financial records partially support claims that Zanu PF held a hidden 45 percent stake in Kudakwashe Tagwirei's Sakunda Holdings.
Angolan tycoon Álvaro Sobrinho suspected of bribing Lisbon Appeal Court judge to free impounded property empire
Angolan-Portuguese businessman Álvaro Sobrinho is suspected of paying a Lisbon appeal court judge to release his impounded 80 million euro property empire.
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.
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.
Latest Posts
Aliko Dangote just crossed $35 billion, jumped to 65th richest globally and added $3 billion in two weeks
Aliko Dangote's net worth has surged to $35.9 billion, a year-to-date gain of $5.92 billion, as his refinery dominance, cement expansion and Kenya refinery plans accelerate his wealth creation in 2026.
Kevin Hart’s Hartbeat faces turmoil after layoffs, executive exits and strategy fights
Kevin Hart’s Hartbeat is facing leadership turmoil, layoffs and growing uncertainty as Hollywood’s production slowdown squeezes celebrity backed media companies.
Billionaire Femi Otedola's First HoldCo is targeting a N1 trillion capital base as it moves to reshape Nigerian banking
FirstHoldCo is seeking shareholder approval to raise N253 billion in fresh capital as it pushes toward a N1 trillion paid-up capital base.
Billionaires Nassef Sawiris and Wes Edens move to acquire French club FC Annecy
Nassef Sawiris and Wes Edens' V-Sports is closing in on a controlling stake in French Ligue 2 club FC Annecy as Aston Villa's multi-club network moves into France.
Egypt's Hassan Allam wins $490 million Saudi Museum contract in Diriyah
Hassan Allam Construction and Saudi firm Albawani won a $490 million contract to build Saudi Arabia's national contemporary art museum in Diriyah.
Madagascar's richest Man Ylias Akbaraly says the country's political crisis is scaring everyone away from investment
Madagascar's richest man Ylias Akbaraly says the political crisis is frightening investors away as a France-Madagascar diplomatic standoff deepens.
Kenyan advertising magnate Bharat Thakrar moves to oust WPP Scangroup's entire board over five years of losses and a 62% share price collapse
Bharat Thakrar and minority shareholders holding 13.59% of WPP Scangroup have demanded a special general meeting to remove the entire board after five straight years of losses.
African Wealth Briefing — Mon., May 11, 2026
David Langat's DL Group denies tea asset sale as financial pressure mounts; Dr. Dre and Kendrick Lamar break ground on a $270 million Compton High School campus.
The Inside Story: The Rabiu Wealth Surge and the Free-Float Problem — Why $8.88 Billion in Four Months Is the Most Interesting African Wealth Story of 2026
Abdul Samad Rabiu has added $8.88 billion to his Bloomberg-tracked wealth in four months. The structural story is the 2.31 percent free float — and what it means for foreign investors trying to access BUA.
Investor Memo: The Dangote Multi-Listing Architecture as a Position-Sizing Framework
Aliko Dangote now has three parallel equity vehicles in motion — cement London listing in September, refinery IPO in June-July, and the Kenya vehicle. A position-sizing framework for Elite subscribers.
Executive Insight: Dangote’s Kenya Vehicle and the $60 Billion Problem — What the Pan-African Capital Mobilization Architecture Tells Foreign Investors About the Next Decade of African Industrial Equity
Aliko Dangote's Kenya-based investment vehicle is a test of whether African industrial capital can be mobilized from within the continent at meaningful scale, addressing $60 billion in annual capital outflow.
Norway's $1.9 trillion fund eyes partnership with Dangote Group
Aliko Dangote flew to Oslo for a fireside meeting with the CEO of the world's largest sovereign wealth fund to discuss an Africa partnership.
Billionaire Dr. Dre and Kendrick Lamar break ground on a $270 million new campus at Compton High School
Dr. Dre and Kendrick Lamar returned to their Compton alma mater on May 7 for the groundbreaking of a $270 million new campus that will serve 1,800 students.
Kenyan tycoon David Langat's DL Group denies tea asset sale reports as financial pressure mounts
DL Group dismissed reports of a possible tea asset sale as inaccurate even as its founder faces multiple live debt actions across his core Kenyan assets.
African Wealth Briefing — Sun., May 10, 2026
Aliko Dangote targets September 2026 for the London listing of Dangote Cement, calling 2026 the busiest year of his business life as the refinery IPO, the 20,000MW power program, and the cement London debut all advance in parallel.
Aliko Dangote targets September London listing for Dangote Cement in busiest year of his business life
Aliko Dangote told the Financial Times that Dangote Cement is targeting a London listing by September with three major banks already appointed.
