Featured
Billionaire Ibrahim Mahama's E&P accused of espionage in $250 million Ghana gold fight
Engineers and Planners, owned by Ghanaian billionaire Ibrahim Mahama, has been accused of industrial espionage to seize a $250m gold project. It denies wrongdoing.
Editors' Picks
Billionaire Ibrahim Mahama's E&P accused of espionage in $250 million Ghana gold fight
Engineers and Planners, owned by Ghanaian billionaire Ibrahim Mahama, has been accused of industrial espionage to seize a $250m gold project. It denies wrongdoing.
Billionaire Emeka Okwuosa's Oilserv completes Nigeria's landmark AKK gas pipeline
Oilserv, owned by Nigerian billionaire Emeka Okwuosa, has completed construction of the 303-kilometre AKK gas pipeline, a centrepiece of Nigeria's Decade of Gas.
Billionaire Patrice Motsepe backed to succeed Infantino as FIFA president
South Africa's sports minister has publicly backed billionaire Patrice Motsepe to succeed Gianni Infantino as FIFA president whenever the Swiss administrator steps down.
Exclusive Content For Paid Supporters
The Inside Story: Thom Mpinganjira — Built in Grief
A hotel room in South Africa, three months long, where a banker watched his wife die of cancer. Out of it came Malawi's only cancer hospital — and the most revealing chapter in the complicated story of the country's first billionaire, Thom Mpinganjira.
Deep-Dive Report: Abderrahmane Benhamadi — Made in Algeria
A European heatwave, an AfCFTA loophole and a $1 billion family conglomerate: how Abderrahmane Benhamadi's Condor is trying to turn Algeria into an exporter of something other than oil and gas.
Wealth Intelligence: Femi Otedola — The Banker's Bet
Femi Otedola is a Forbes-listed billionaire and the author of one of the boldest bets in Nigerian banking. Yesterday his First HoldCo stake hit a record $530 million. Inside the holdings, the cash flows and the pivot behind the number.
Algerian billionaire Abderrahmane Benhamadi's Condor pushes deeper into African and European markets
Condor, the flagship of Algerian billionaire Abderrahmane Benhamadi's family group, is expanding exports across Africa and into Europe as demand for its air conditioners climbs.
Billionaire Nassef Sawiris' Aston Villa signs record Visit Rwanda shirt sponsorship deal
Aston Villa, co-owned by Egyptian billionaire Nassef Sawiris, has signed a record shirt sponsorship with Visit Rwanda worth up to £20m a year.
Egypt's crackdown on consumer lending strengthens tycoon Mounir Nakhla's MNT-Halan
Egypt's freeze on new fintech lending licences and tighter oversight of consumer credit entrench incumbents, strengthening Mounir Nakhla's MNT-Halan most.
Moroccan tycoon Chakib Alj's Forafric takeover revived after deal with Elbaz and Crédit Agricole
The stalled sale of Forafric Maroc to Chakib Alj has been revived after a deal between the tycoon, Yariv Elbaz and Crédit Agricole du Maroc.
Egyptian billionaire Hisham Talaat Moustafa plans to nearly double TMG's hotel portfolio to 40 properties
Talaat Moustafa Group will nearly double its hotel portfolio to as many as 40 properties over the next decade, chief executive Hisham Talaat Moustafa said.
Egypt's wealthy Allam family weighs public listings for Hassan Allam real estate and infrastructure units
Egypt's Hassan Allam Holding is weighing public listings for real estate and infrastructure subsidiaries on Gulf exchanges or the EGX, keeping the parent private.
Egyptian billionaire Nassef Sawiris takes majority control of chemical company OCI Global
Egyptian billionaire Nassef Sawiris has taken majority control of OCI Global, lifting his stake above 55% as his take-private bid advances.
Tunisia's Poulina Group posts $67 million profit for 2025 on financial gains
Tunisia's Poulina Group lifted 2025 net income 26.4% to about $67 million, though financial gains, not its industrial core, drove most of the rise.
Billionaire Baba Danpullo's legal battle clouds Tiger Brands' $46 million exit from Cameroon
A long-running legal battle by billionaire Baba Danpullo has frozen part of Chococam's funds, complicating Tiger Brands' exit from the Cameroon cocoa processor.
Billionaire Ibrahim Mahama's E&P accused of espionage in $250 million Ghana gold fight
Engineers and Planners, owned by Ghanaian billionaire Ibrahim Mahama, has been accused of industrial espionage to seize a $250m gold project. It denies wrongdoing.
Billionaire Emeka Okwuosa's Oilserv completes Nigeria's landmark AKK gas pipeline
Oilserv, owned by Nigerian billionaire Emeka Okwuosa, has completed construction of the 303-kilometre AKK gas pipeline, a centrepiece of Nigeria's Decade of Gas.
Billionaire Tunde Folawiyo's Aje oil field partner PetroNor moves to exit Nigeria
PetroNor has appointed Talanger to sell its stake in Nigeria's Aje oil field, unwinding its partnership with billionaire Tunde Folawiyo's Yinka Folawiyo Petroleum.
Nigerian billionaire Femi Otedola's First HoldCo stake hits $530 million at record close
Femi Otedola's stake in First HoldCo rose to about $530 million after the Nigerian bank's shares surged 9.98% to a record close of N79.35.
Aliko Dangote's $17 billion Lamu refinery faces Greenpeace demand for halt over ecosystem risk
Greenpeace Africa has called for a halt to Aliko Dangote's $17 billion Lamu oil refinery, warning it threatens one of East Africa's fragile ecosystems.
Billionaire Femi Otedola is writing a sequel to his award-winning memoir Making It Big
Femi Otedola says he is writing a second book, Making It Bigger, a follow-up to the award-winning memoir he published in August last year.
Ivorian tycoon Jean Kacou Diagou's NSIA Banque lifts profit 7% as balance sheet tops $5 billion
NSIA Banque Côte d'Ivoire, controlled by Jean Kacou Diagou, lifted 2025 profit 7% to about $72 million as its balance sheet topped $5 billion.
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.
Billionaire Patrice Motsepe backed to succeed Infantino as FIFA president
South Africa's sports minister has publicly backed billionaire Patrice Motsepe to succeed Gianni Infantino as FIFA president whenever the Swiss administrator steps down.
South Africa's PIC suspends CEO over Lanseria deal linked to billionaire Tshepo Mahloele's Harith
South Africa's PIC has suspended its CEO and drawn a regulator's probe over a Lanseria airport deal linked to billionaire Tshepo Mahloele's Harith.
Malawian billionaire Thom Mpinganjira says he built cancer hospital to save lives, not profit
Malawi's first billionaire, Thomson Mpinganjira, says he built the country's only radiotherapy cancer hospital to spare patients costly treatment abroad, not to profit.
South Africa's Halamandaris family sells Famous Brands shares near the stock's recent high
A trust linked to the Famous Brands founding family sold about $129,000 of shares this month, at prices roughly 5% above where the stock now trades.
Daughter of South African-born billionaire Kerr Neilson sells Sydney warehouse for $8.5 million
Beau Neilson, daughter of South African-born billionaire Kerr Neilson, has sold her Sydney warehouse for about $8.5 million, four times what she paid in 2012.
Angolan billionaire Antonio Mosquito doubles his stake in TotalEnergies-operated offshore oil block
Sonangol has handed 5% of the TotalEnergies-operated Block 17/06 to Falcon Oil, doubling the stake held by Angola's richest man to 10%.
Botswana tycoon Gulaam Abdoola's Turnstar fights on over Tanzanian shopping mall
Botswana's Turnstar Holdings has lodged a counterclaim in a dispute over Mlimani City, the Tanzanian shopping mall that is its most valuable asset.
How Canva's billionaire founders are handing $150 million in cash to Malawi's poorest
Canva's billionaire founders have committed $150 million to hand cash directly to Malawi's poorest, funding the largest unconditional cash experiment ever attempted.
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
Billionaire Baba Danpullo's legal battle clouds Tiger Brands' $46 million exit from Cameroon
A long-running legal battle by billionaire Baba Danpullo has frozen part of Chococam's funds, complicating Tiger Brands' exit from the Cameroon cocoa processor.
The Inside Story: Thom Mpinganjira — Built in Grief
A hotel room in South Africa, three months long, where a banker watched his wife die of cancer. Out of it came Malawi's only cancer hospital — and the most revealing chapter in the complicated story of the country's first billionaire, Thom Mpinganjira.
Deep-Dive Report: Abderrahmane Benhamadi — Made in Algeria
A European heatwave, an AfCFTA loophole and a $1 billion family conglomerate: how Abderrahmane Benhamadi's Condor is trying to turn Algeria into an exporter of something other than oil and gas.
Wealth Intelligence: Femi Otedola — The Banker's Bet
Femi Otedola is a Forbes-listed billionaire and the author of one of the boldest bets in Nigerian banking. Yesterday his First HoldCo stake hit a record $530 million. Inside the holdings, the cash flows and the pivot behind the number.
African Wealth Briefing — Thurs., July 16, 2026
Femi Otedola's First HoldCo stake hits a record $530 million as the bank's shares surge. And Dangote's $17 billion Lamu refinery draws its first organised opposition, with Greenpeace demanding a halt.
SpaceX shares fall below $135 IPO price for the first time since debut
SpaceX shares fell below their $135 IPO price for the first time on Wednesday, leaving investors in Elon Musk's rocket company with paper losses.
Billionaire Ibrahim Mahama's E&P accused of espionage in $250 million Ghana gold fight
Engineers and Planners, owned by Ghanaian billionaire Ibrahim Mahama, has been accused of industrial espionage to seize a $250m gold project. It denies wrongdoing.
Billionaire Emeka Okwuosa's Oilserv completes Nigeria's landmark AKK gas pipeline
Oilserv, owned by Nigerian billionaire Emeka Okwuosa, has completed construction of the 303-kilometre AKK gas pipeline, a centrepiece of Nigeria's Decade of Gas.
Billionaire Patrice Motsepe backed to succeed Infantino as FIFA president
South Africa's sports minister has publicly backed billionaire Patrice Motsepe to succeed Gianni Infantino as FIFA president whenever the Swiss administrator steps down.
Algerian billionaire Abderrahmane Benhamadi's Condor pushes deeper into African and European markets
Condor, the flagship of Algerian billionaire Abderrahmane Benhamadi's family group, is expanding exports across Africa and into Europe as demand for its air conditioners climbs.
Billionaire Herriot Tabuteau's Axsome wins FDA acceptance for narcolepsy drug
The FDA has accepted a narcolepsy drug from Axsome Therapeutics, the biotech built by Haitian-born billionaire Herriot Tabuteau, with a decision due in May 2027.
South Africa's PIC suspends CEO over Lanseria deal linked to billionaire Tshepo Mahloele's Harith
South Africa's PIC has suspended its CEO and drawn a regulator's probe over a Lanseria airport deal linked to billionaire Tshepo Mahloele's Harith.
Billionaire Tunde Folawiyo's Aje oil field partner PetroNor moves to exit Nigeria
PetroNor has appointed Talanger to sell its stake in Nigeria's Aje oil field, unwinding its partnership with billionaire Tunde Folawiyo's Yinka Folawiyo Petroleum.
Nigerian billionaire Femi Otedola's First HoldCo stake hits $530 million at record close
Femi Otedola's stake in First HoldCo rose to about $530 million after the Nigerian bank's shares surged 9.98% to a record close of N79.35.
Aliko Dangote's $17 billion Lamu refinery faces Greenpeace demand for halt over ecosystem risk
Greenpeace Africa has called for a halt to Aliko Dangote's $17 billion Lamu oil refinery, warning it threatens one of East Africa's fragile ecosystems.
Billionaire Nassef Sawiris' Aston Villa signs record Visit Rwanda shirt sponsorship deal
Aston Villa, co-owned by Egyptian billionaire Nassef Sawiris, has signed a record shirt sponsorship with Visit Rwanda worth up to £20m a year.
