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Aliko Dangote is targeting a $50 billion valuation for his refinery IPO in what could be Africa's biggest ever stock market offering
Aliko Dangote is targeting a $50 billion valuation for his refinery IPO on the Nigerian Exchange in what could be Africa's biggest stock offering ever.
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Aliko Dangote is targeting a $50 billion valuation for his refinery IPO in what could be Africa's biggest ever stock market offering
Aliko Dangote is targeting a $50 billion valuation for his refinery IPO on the Nigerian Exchange in what could be Africa's biggest stock offering ever.
Egyptian billionaire Nassef Sawiris reorganises his Orascom Construction holding as he builds a $50 billion Abu Dhabi infrastructure platform
Nassef Sawiris has reorganised his Orascom Construction holding between two NNS Group vehicles, leaving his total 43.95% stake unchanged as his Abu Dhabi platform takes shape.
Tony Elumelu's Heirs Holdings-backed Redtech debuts on Financial Times Africa's fastest-growing companies list
Tony Elumelu's Heirs Holdings-backed Redtech has debuted on the Financial Times Africa's Fastest Growing Companies 2026 list, ranking 32nd out of 130.
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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.
Egyptian billionaire Nassef Sawiris reorganises his Orascom Construction holding as he builds a $50 billion Abu Dhabi infrastructure platform
Nassef Sawiris has reorganised his Orascom Construction holding between two NNS Group vehicles, leaving his total 43.95% stake unchanged as his Abu Dhabi platform takes shape.
Nassef Sawiris sold $12.8bn in cement and $11.6bn in fertilizers, and is now betting $50bn on America
Egypt's richest man has built and sold empires twice. Now he is staking $50 billion on American infrastructure from a new base in Abu Dhabi.
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.
Aliko Dangote is targeting a $50 billion valuation for his refinery IPO in what could be Africa's biggest ever stock market offering
Aliko Dangote is targeting a $50 billion valuation for his refinery IPO on the Nigerian Exchange in what could be Africa's biggest stock offering ever.
Tony Elumelu's Heirs Holdings-backed Redtech debuts on Financial Times Africa's fastest-growing companies list
Tony Elumelu's Heirs Holdings-backed Redtech has debuted on the Financial Times Africa's Fastest Growing Companies 2026 list, ranking 32nd out of 130.
Meet Attia Nasreddin, the Eritrean-born chairman who runs Nigeria's NASCO Group from Jos
Attia Nasreddin chairs NASCO Group, the Jos-based Nigerian conglomerate his father founded in 1963 with sub-Saharan Africa's first jute bag factory.
Meet Christian Kerangall, the quiet Franco-Gabonese tycoon ranked Gabon's richest man
Franco-Gabonese billionaire Christian Kerangall has spent more than five decades building Sogafric and Compagnie du Komo into Gabon's most influential private business empire.
Investigation reveals Nigerian bankers Herbert Wigwe and Aigboje Aig-Imoukhuede held stakes in 80 companies in 20 countries
A new investigation traced the late Herbert Wigwe and his partner Aigboje Aig-Imoukhuede to stakes in 80 companies spread across 20 countries.
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.
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.
South African billionaire Christo Wiese unlocks $61 million from Shoprite stake while retaining voting power
Christo Wiese raised about R1 billion from his Shoprite stake through Titan Fincap without giving up the voting rights that keep him influential in the retailer.
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.
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 is targeting a $50 billion valuation for his refinery IPO in what could be Africa's biggest ever stock market offering
Aliko Dangote is targeting a $50 billion valuation for his refinery IPO on the Nigerian Exchange in what could be Africa's biggest stock offering ever.
Egyptian billionaire Nassef Sawiris reorganises his Orascom Construction holding as he builds a $50 billion Abu Dhabi infrastructure platform
Nassef Sawiris has reorganised his Orascom Construction holding between two NNS Group vehicles, leaving his total 43.95% stake unchanged as his Abu Dhabi platform takes shape.
Tony Elumelu's Heirs Holdings-backed Redtech debuts on Financial Times Africa's fastest-growing companies list
Tony Elumelu's Heirs Holdings-backed Redtech has debuted on the Financial Times Africa's Fastest Growing Companies 2026 list, ranking 32nd out of 130.
Meet Attia Nasreddin, the Eritrean-born chairman who runs Nigeria's NASCO Group from Jos
Attia Nasreddin chairs NASCO Group, the Jos-based Nigerian conglomerate his father founded in 1963 with sub-Saharan Africa's first jute bag factory.
Africa's richest man picks Kenya over Tanzania for a $17 billion refinery
Aliko Dangote has shifted his preferred site for a $15-17 billion East African refinery from Tanzania's Tanga port to Kenya's Mombasa.
Meet Christian Kerangall, the quiet Franco-Gabonese tycoon ranked Gabon's richest man
Franco-Gabonese billionaire Christian Kerangall has spent more than five decades building Sogafric and Compagnie du Komo into Gabon's most influential private business empire.
South African billionaire Christo Wiese unlocks $61 million from Shoprite stake while retaining voting power
Christo Wiese raised about R1 billion from his Shoprite stake through Titan Fincap without giving up the voting rights that keep him influential in the retailer.
Jamaican billionaire Michael Lee-Chin's NCBFG bets that business integration will finally deliver the returns he has been promising
Michael Lee-Chin's NCB Financial Group is betting that business integration across 24 territories will finally deliver the returns investors have been waiting for.
The bicycle parts trader from Burkina Faso who built a $9 billion banking empire
Idrissa Nassa started out trading bicycle parts and consumer goods in Burkina Faso. He now controls a $9 billion pan-African banking empire.
Nassef Sawiris sold $12.8bn in cement and $11.6bn in fertilizers, and is now betting $50bn on America
Egypt's richest man has built and sold empires twice. Now he is staking $50 billion on American infrastructure from a new base in Abu Dhabi.
Investigation reveals Nigerian bankers Herbert Wigwe and Aigboje Aig-Imoukhuede held stakes in 80 companies in 20 countries
A new investigation traced the late Herbert Wigwe and his partner Aigboje Aig-Imoukhuede to stakes in 80 companies spread across 20 countries.
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.
