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Cameroon's richest woman Kate Fotso recovers after a brutal cocoa season
Kate Fotso's Telcar Cocoa is getting a late-season boost after its worst trading year in three decades, when purchases plunged more than 50 percent
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Nigerian billionaire Femi Otedola's stake in First HoldCo is now worth $420 million
Femi Otedola now holds 9.27 billion shares in First HoldCo worth N575 billion, cementing his position as the bank's largest individual shareholder.
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.
Missing phone haunts media mogul Amougou Belinga's murder trial in Cameroon
A missing phone has become the most significant evidentiary gap in the Cameroon murder trial implicating media billionaire Jean Pierre Amougou Belinga in the killing of journalist Martinez Zogo.
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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
Abderrahmane Benhamadi's Condor Electronics has signed export agreements to supply Algerian-made electronics and home appliances to Rwanda and Tanzania under the AfCFTA framework.
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.
IDH chief executive Hend El- Sherbini launches $291 million bid to take Egypt's diagnostics giant private
IDH chief executive Hend El Sherbini and co-investor Moamena Kamel have launched a $291 million bid to take the diagnostics group private and delist it from London.
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.
Cameroon's richest woman Kate Fotso recovers after a brutal cocoa season
Kate Fotso's Telcar Cocoa is getting a late-season boost after its worst trading year in three decades, when purchases plunged more than 50 percent
Nigerian billionaire Femi Otedola's stake in First HoldCo is now worth $420 million
Femi Otedola now holds 9.27 billion shares in First HoldCo worth N575 billion, cementing his position as the bank's largest individual shareholder.
Missing phone haunts media mogul Amougou Belinga's murder trial in Cameroon
A missing phone has become the most significant evidentiary gap in the Cameroon murder trial implicating media billionaire Jean Pierre Amougou Belinga in the killing of journalist Martinez Zogo.
Bet9ja's billionaire founder Kunle Soname finances flights to bring 66 more Nigerians home from South Africa
Bet9ja founder Kunle Soname has financed the return flights of 66 more Nigerians from South Africa as part of his ongoing personal repatriation initiative.
Ghanaian journalist jailed for reporting on $94 million fraud petition involving oil tycoon Kevin Okyere
The Herald's editor Larry Dogbey has been convicted and sentenced to seven days in jail for reporting on a $94 million fraud petition involving Kevin Okyere.
Nigerian tycoon Taiwo Afolabi will pocket N984 million from SAHCO as his aviation company approves its biggest ever dividend
Taiwo Afolabi's SAHCO has formally approved a N1.62 billion dividend payout for shareholders following the company's record-breaking 2025 financial performance and expansion plans into the UAE.
Nigeria's SEC bans unauthorized Dangote Refinery IPO marketing
Nigeria's SEC has banned marketing of a purported Dangote Petroleum Refinery IPO, warning no application has been filed with or approved by the regulator.
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.
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 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.
South African billionaire Robert Gumede saved Tongaat Hulett from collapse but cheap sugar imports are threatening to undo the rescue
Robert Gumede's Vision Group has saved Tongaat Hulett from liquidation but the company now faces a second crisis — R1.5 billion lost to cheap imported sugar.
Tycoon Sandile Zungu's Sizekhaya has taken over South Africa's R180 billion lottery but a High Court challenge could still take it away
Sandile Zungu's Sizekhaya Holdings has taken over South Africa's R180 billion national lottery but a High Court challenge from Ithuba Holdings could yet reverse the landmark award.
Ramachandran Ottapathu arrived in Botswana with BWP200 and built a $40 million retail empire
Ramachandran Ottapathu arrived in Botswana from a small Kerala town with BWP200 and no connections, then built Choppies into southern Africa's largest grocery chain outside South Africa.
Koos Bekker has spent $334m to take over a Somerset town and residents are demanding a boycott
South African billionaire Koos Bekker has spent $334m buying up a Somerset town's businesses and properties, triggering a boycott campaign against his empire.
Gulaam Abdoola built a $115 million property empire from Gaborone to Dar es Salaam and Dubai
Gulaam Abdoola built Turnstar Holdings from nothing into a $115 million property group spanning Botswana, Tanzania and Dubai, making him one of southern Africa's most quietly formidable real estate tycoons.
Chandra Chauhan turned a $4.87 million company into an $800 million retail giant in Botswana
Chandra Chauhan arrived at a struggling Botswana retailer worth $4.87 million in 2002 and built it into an $800 million southern African retail powerhouse spanning four countries.
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.
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African Wealth Briefing — Fri., June 26, 2026
Nassef Sawiris moves to take OCI Global private in an all-cash bid. Femi Otedola's First HoldCo stake crosses $420 million.
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.
Cameroon's richest woman Kate Fotso recovers after a brutal cocoa season
Kate Fotso's Telcar Cocoa is getting a late-season boost after its worst trading year in three decades, when purchases plunged more than 50 percent
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.
Nigerian billionaire Femi Otedola's stake in First HoldCo is now worth $420 million
Femi Otedola now holds 9.27 billion shares in First HoldCo worth N575 billion, cementing his position as the bank's largest individual shareholder.
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.
Missing phone haunts media mogul Amougou Belinga's murder trial in Cameroon
A missing phone has become the most significant evidentiary gap in the Cameroon murder trial implicating media billionaire Jean Pierre Amougou Belinga in the killing of journalist Martinez Zogo.
Billionaire Vimal Shah's seed company just beat Kenya's tax authority in a $1.7 million dispute
The Kenya Revenue Authority has lost a Sh221 million tax dispute against a seed company linked to Kenyan billionaire Vimal Shah and a former Central Bank of Kenya official.
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.
Africa's 3rd richest man Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer their worst day of 2026
A brutal session on the Nigerian Exchange erased more than a billion dollars from the BUA Group founder's fortune, reshuffling Africa's wealth rankings overnight.
Bet9ja's billionaire founder Kunle Soname finances flights to bring 66 more Nigerians home from South Africa
Bet9ja founder Kunle Soname has financed the return flights of 66 more Nigerians from South Africa as part of his ongoing personal repatriation initiative.
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.
South African billionaire Robert Gumede saved Tongaat Hulett from collapse but cheap sugar imports are threatening to undo the rescue
Robert Gumede's Vision Group has saved Tongaat Hulett from liquidation but the company now faces a second crisis — R1.5 billion lost to cheap imported sugar.
Tycoon Sandile Zungu's Sizekhaya has taken over South Africa's R180 billion lottery but a High Court challenge could still take it away
Sandile Zungu's Sizekhaya Holdings has taken over South Africa's R180 billion national lottery but a High Court challenge from Ithuba Holdings could yet reverse the landmark award.
Tanzanian billionaire Rostam Aziz's Nation Media Group holds pivotal post-takeover AGM
Nation Media Group held its most consequential annual general meeting in decades, three months after Tanzanian billionaire Rostam Aziz ended the Aga Khan's 66-year ownership of East Africa's biggest media house.
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.
