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Africa was the world's fastest-growing ultra-wealth region in 2025, new data shows
Africa posted the world's fastest ultra-wealth growth in 2025, yet the continent's 3,440 ultra-wealthy individuals hold less than 1% of global fortunes.
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Africa was the world's fastest-growing ultra-wealth region in 2025, new data shows
Africa posted the world's fastest ultra-wealth growth in 2025, yet the continent's 3,440 ultra-wealthy individuals hold less than 1% of global fortunes.
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.
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.
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Egyptian billionaire Naguib Sawiris joins the $2 million pre-seed round of UAE fintech Sovra as an early backer
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Morocco's billionaire prime minister is fighting bills to cap fuel prices in his own industry
Morocco's billionaire Prime Minister Aziz Akhannouch is opposing opposition bills to cap fuel prices and nationalise the Samir refinery in a market he controls through Afriquia.
Hassan Allam commits $400 million to Egypt data centre project
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Saudi billionaire Abdulrahman Sharbatly's Golden Pyramids Plaza posts an 89% profit drop in Egypt
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Cameroonian billionaire Paul Fokam's Afriland enters Islamic finance and sukuk
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Nigerian billionaire Abdul Samad Rabiu relaunches BUA Rice with son in charge
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Nigerian billionaire Tony Elumelu credits his success to luck
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Africa's richest man says Forbes is underestimating his fortune. His refinery alone, he says, is worth $40 billion.
Aliko Dangote has pushed back on Forbes' estimate of his net worth, saying his oil refinery alone is worth more than $40 billion.
Congo's richest oil trader Willy Etoka marries President Denis Sassou Nguesso's daughter
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Cameroonian banking billionaire Paul Fokam launches Africa Diamond Invest securities firm in Togo
Cameroonian billionaire Paul Kammogne Fokam's Afriland First Holding has launched Africa Diamond Invest, a new securities firm targeting West African financial markets from a Lomé base.
Nigerian billionaire Ladi Jadesimi will pocket $5.5 million from Aradel Holdings as the company posts its most profitable year ever
Ladi Jadesimi's 5.27 percent stake in Aradel Holdings will earn him N7.5 billion in total dividends for 2025 after the company posted record profits.
Nigerian energy group Aradel Holdings posts $552 million profit in 2025
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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
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Kenyan tycoon TK Muya's Family Bank wins regulatory approval for its long-awaited NSE listing
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Adil Popat's Simba Corp commits $7.7 million to Kenya electric vehicle assembly line
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WPP crushes Kenyan entrepreneur Bharat Thakrar's bid to reclaim Scangroup at AGM
WPP Plc used its 56.26% controlling stake to defeat Bharat Thakrar's attempt to oust the entire WPP Scangroup board at Monday's annual general meeting in Nairobi.
Kenyan billionaire Vimal Shah and ex-CBK governor lose $15 million Tatu City battle at Privy Council
Bidco Africa chairman Vimal Shah and former CBK governor Nahashon Nyagah have lost their two-decade fight to retain a stake in Kenya's Sh240 billion Tatu City development.
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Madagascar multimillionaire Mamy Ravatomanga loses control of his Sodiat empire to courts
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Diamond heir Nicky Oppenheimer moves to Africa's fourth-richest as Forbes 2026 ranking reshuffles the top tier
Diamond heir Nicky Oppenheimer has moved to Africa's fourth-richest, worth about $10.6 billion, as the 2026 Forbes list reshuffles the continent's wealthiest.
Datatec founder Jens Montanana to pocket $79.5 million as company announces R7.1 billion special dividend
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Controversial Zimbabwean businessman Wicknell Chivayo receives Eswatini citizenship from King Mswati III
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Angolan billionaire Agostinho Kapaia announces plans to bring OPAIA Group into Mozambique
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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
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Africa was the world's fastest-growing ultra-wealth region in 2025, new data shows
Africa posted the world's fastest ultra-wealth growth in 2025, yet the continent's 3,440 ultra-wealthy individuals hold less than 1% of global fortunes.
Egyptian billionaire Ahmed El Sewedy backs $500 million deal to manufacture Abu Dhabi-based ROX electric vehicles in Egypt
Ahmed El Sewedy's ESI has partnered with Abu Dhabi-headquartered EV company ROX in a $500 million joint venture to manufacture electric vehicles in Egypt for African markets.
Bento Kangamba built a $200 million empire on diamonds, logistics and a football club he almost dissolved
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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.
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.
Cameroonian billionaire Paul Fokam's Afriland enters Islamic finance and sukuk
Paul Kammogne Fokam's Afriland First Group has launched financial advisory and sukuk issuance services across West Africa, deepening its Islamic finance footprint beyond Cameroon.
Kenyan billionaire Joshua Chepkwony's EADAK factory assembles 700,000 smartphones as Kenya races toward 4G and 5G
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Nigerian billionaire Abdul Samad Rabiu relaunches BUA Rice with son in charge
Abdulsamad Rabiu's BUA Foods has relaunched BUA-branded rice into Nigerian markets as his son Isyaku Khalifa Rabiu takes charge of the group's global procurement and supply chain.
Nigerian billionaire Tony Elumelu credits his success to luck
Tony Elumelu told a YouTube interviewer he got rich by luck. Coming from one of Africa's most relentlessly driven billionaires, the admission stopped people cold.
Elon Musk loses $100 billion as SpaceX shares tumble
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Eddie Murphy's $200 million fortune is built on franchises, Donkey and a very long memory
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Michael B. Jordan owns a Premier League club but can't sell his $12.5M mansion
Michael B. Jordan can't sell his $12.5 million Encino mansion. His most valuable real estate is the Premier League stadium his club just bought back.
