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Dangote Refinery raises $1 billion at $39 billion valuation ahead of IPO
Dangote Petroleum Refinery is raising $1 billion through a private placement at a $39.1 billion valuation with demand already exceeding $2 billion ahead of its pan-African IPO.
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Nigerian banking tycoon Aigboje Aig-Imoukhuede says Access Holdings is done buying banks after 20 acquisitions
Access Holdings chairman Aigboje Aig-Imoukhuede says the group has concluded 20 acquisitions in 20 years and is now shifting focus entirely to shareholder returns.
Dangote Refinery raises $1 billion at $39 billion valuation ahead of IPO
Dangote Petroleum Refinery is raising $1 billion through a private placement at a $39.1 billion valuation with demand already exceeding $2 billion ahead of its pan-African IPO.
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.
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Egyptian billionaire Naguib Sawiris is opening a 93-room five-star resort in Mykonos after his first hotel shut down
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Egyptian fintech entrepreneur Mounir Nakhla's MNT-Halan hits $1.4 billion valuation
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Nassef Sawiris' Aston Villa has no shirt sponsor and a £40 million deal is sitting on the table
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This Moroccan woman took over her late husband's company and now runs a $430 million food and wine empire
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Egyptian billionaire Naguib Sawiris wants Egypt to export its stray dogs abroad instead of culling them
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Egyptian billionaire Naguib Sawiris calls for Egypt's state TV to be shut down
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Algeria's jailed auto billionaire Mahieddine Tahkout gets 10 more years and loses everything he owns
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Nigerian banking tycoon Aigboje Aig-Imoukhuede says Access Holdings is done buying banks after 20 acquisitions
Access Holdings chairman Aigboje Aig-Imoukhuede says the group has concluded 20 acquisitions in 20 years and is now shifting focus entirely to shareholder returns.
Dangote Refinery raises $1 billion at $39 billion valuation ahead of IPO
Dangote Petroleum Refinery is raising $1 billion through a private placement at a $39.1 billion valuation with demand already exceeding $2 billion ahead of its pan-African IPO.
Nigerian insurance tycoon Wole Oshin's stake in Custodian Investment is nearing $100 million
Wole Oshin's 27.39% stake in Custodian Investment Plc is now worth $96.2 million, nearing the $100 million mark as Nigeria's insurance sector undergoes historic reform.
Oil tycoon Samuel Dossou-Aworet's Seplat stake has surged to $670 million and keeps climbing
Samuel Dossou-Aworet's 13.5% stake in Seplat Energy through Petrolin Group is now worth $670 million, up $300 million since the start of 2026.
Ghanaian waste management tycoon Joseph Siaw Agyepong's Jospong now operates in 29 African countries
Joseph Siaw Agyepong's Jospong Group has expanded its waste management operations into 29 African countries, employing 10,000 people directly and creating 250,000 indirect jobs.
This Nigerian family built an £8 million business importing Lagos-brewed Guinness into Britain
A Nigerian family in Croydon has quietly held Britain's exclusive Nigerian Guinness import licence since 1998 and built a business worth up to £8 million.
Ghanaian alcohol tycoon Kwabena Adjei's Kasapreko raised $120 million in its IPO and lists on the GSE on Monday
Kasapreko PLC will list on the Ghana Stock Exchange on June 17 under ticker KPLC after its IPO raised double its GH¢700 million ($60.1 million) target.
Billionaire TY Danjuma family's May and Baker posts 154% profit surge to $4.7 million
May & Baker Nigeria, controlled by billionaire TY Danjuma's family with a 41.78% stake, posted a 154% pre-tax profit surge to N6.5bn ($4.7 million) for full-year 2025.
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
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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.
Jeff Bezos takes on Elon Musk in Kenya with Amazon Kuiper satellite internet bid
Amazon Kuiper Kenya has applied for a satellite internet licence in Kenya, putting Jeff Bezos on a direct collision course with Elon Musk's Starlink in East Africa.
Madagascar multimillionaire Mamy Ravatomanga loses control of his Sodiat empire to courts
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Kenyan billionaire Gideon Moi used his newspaper to mock Ruto and the president's allies hit back hard
Kenya's Moi family business empire is again at the centre of a fresh political clash after The Standard published a headline mocking President William Ruto.
Merali family's Sasini terminates $61 million Kenyan coffee estate sale after buyer defaults
Sasini Plc, majority owned by Kenya's Merali family, has cancelled the planned Sh7.9 billion sale of its Gulmarg coffee estate after the buyer failed to meet contractual obligations.
Patrice Motsepe helped a Somali referee barred from the World Cup land the UEFA Super Cup instead
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Billionaire Johann Rupert's Remgro just won approval to take full control of 50 South African hospitals
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Dis-Chem's new CEO is spending hundreds of millions to reinvent South Africa's biggest pharmacy chain
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Japan's Marubeni buys Tiger Wheel & Tyre owner TiAuto in landmark South Africa deal
Japan's Marubeni has acquired South Africa's TiAuto Investments, operator of Tiger Wheel & Tyre, in a landmark deal valued at roughly $149 million.
South African billionaire Magda Wierzycka despises AI but is launching a fund to invest in it anyway
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South African billionaire Mark Shuttleworth-linked Knife Capital exits VoxCroft in US intelligence deal
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South African tycoon Iqbal Surve quits Sekunjalo as media subsidiary IOL launches $12.4 million expansion
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South Africa's richest black person loses $700 million in 3 months
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Qatar's billionaire Al-Khayyat family is bidding to build Africa's largest airport in Ethiopia
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Somali tycoon Amina Moghe Hersi's Atiak Sugar Factory has eaten $204 million and produced nothing in years. Uganda is demanding answers.
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Dahabshiil founder Abdirashid Duale pledges $150,000 as drought deepens in northern Somalia
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Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
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Latest Posts
Nigerian banking tycoon Aigboje Aig-Imoukhuede says Access Holdings is done buying banks after 20 acquisitions
Access Holdings chairman Aigboje Aig-Imoukhuede says the group has concluded 20 acquisitions in 20 years and is now shifting focus entirely to shareholder returns.
Dangote Refinery raises $1 billion at $39 billion valuation ahead of IPO
Dangote Petroleum Refinery is raising $1 billion through a private placement at a $39.1 billion valuation with demand already exceeding $2 billion ahead of its pan-African IPO.
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.
Patrice Motsepe helped a Somali referee barred from the World Cup land the UEFA Super Cup instead
CAF president Patrice Motsepe helped Somali referee Omar Artan secure the 2026 UEFA Super Cup after US authorities barred him from the FIFA World Cup.
Byron Allen built a $1 billion media empire the old-fashioned way, without permission
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Warren Anderson lost his media job and built a $500 million McDonald's distribution empire from scratch
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Junior Bridgeman turned a $350,000 NBA salary into a $600 million empire built on fast food and Coca-Cola
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Byron Allen owns a $100 million Malibu cliff and a Beverly Hills mega-compound he built from scratch
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Von Miller built a $45 million fortune on quarterback sacks and chicken farming
Von Miller terrorized quarterbacks for 15 seasons, then built a second life as an organic chicken farmer with a reported $45 million fortune.
Dwayne Johnson turned $7 in his pocket into an $800 million empire
Dwayne Johnson turned a $7 moment of ruin into an $800 million empire spanning film, spirits, energy drinks and pro sports. The billion-dollar threshold is closing fast.
African Wealth Briefing — Thurs., June 11, 2026
Egypt’s MNT-Halan hits a $1.4 billion valuation. Magda Wierzycka launches an AI fund she half-wishes she didn’t have to.
Oxfam details the 'danger' of Elon Musk becoming world's first trillionaire
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Nigerian insurance tycoon Wole Oshin's stake in Custodian Investment is nearing $100 million
Wole Oshin's 27.39% stake in Custodian Investment Plc is now worth $96.2 million, nearing the $100 million mark as Nigeria's insurance sector undergoes historic reform.
Oil tycoon Samuel Dossou-Aworet's Seplat stake has surged to $670 million and keeps climbing
Samuel Dossou-Aworet's 13.5% stake in Seplat Energy through Petrolin Group is now worth $670 million, up $300 million since the start of 2026.
Billionaire Johann Rupert's Remgro just won approval to take full control of 50 South African hospitals
South Africa's Competition Tribunal has approved Remgro's $950 million acquisition of Mediclinic Southern Africa, giving Johann Rupert's company full control of 50 private hospitals.
Ghanaian waste management tycoon Joseph Siaw Agyepong's Jospong now operates in 29 African countries
Joseph Siaw Agyepong's Jospong Group has expanded its waste management operations into 29 African countries, employing 10,000 people directly and creating 250,000 indirect jobs.
