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Elon Musk becomes the world's first trillionaire as SpaceX begins trading
Elon Musk has become the world's first trillionaire as SpaceX begins trading on the Nasdaq at $135 per share in the largest IPO in history.
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Tycoon Sandile Zungu's Madagascar nickel mine is back in production after a cyclone knocked it out for four months
Madagascar's Ambatovy nickel mine, being acquired by Sandile Zungu's ZICO consortium, has restarted production after a four-month shutdown caused by Cyclone Gezani damage.
Africa's richest man has publicly donated $47 million to charity so far in 2026
Aliko Dangote has publicly donated at least $47 million to named causes in the first six months of 2026 through his foundation and personal gifts.
Ahmed Abou Hashima bet $1 billion on Egyptian steel at 35 and became one of Egypt's most powerful industrialists
Ahmed Abou Hashima invested over $1 billion at 35 to build Egyptian Steel and has since expanded into cement, media, agriculture, solar energy and banking.
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Wealth Intelligence: Jim Ovia — The $643 Million Pivot
The founder of Nigeria’s most profitable bank has left its chairmanship — and is pouring his conviction into the Lagos skyline. A full read of where the fortune sits, and where it’s moving.
The Inside Story: The Bridge Between Friends
How a near-two-decade friendship between South Africa’s richest man and Rurik Göbel collapsed over a R2.3 billion Stellenbosch land deal.
Ahmed Abou Hashima bet $1 billion on Egyptian steel at 35 and became one of Egypt's most powerful industrialists
Ahmed Abou Hashima invested over $1 billion at 35 to build Egyptian Steel and has since expanded into cement, media, agriculture, solar energy and banking.
Egyptian billionaire Naguib Sawiris is opening a 93-room five-star resort in Mykonos after his first hotel shut down
Naguib Sawiris is pressing ahead with a 93-room five-star resort in Mykonos set to open in May 2027, a year after his first hotel on the island shut down.
Egyptian fintech entrepreneur Mounir Nakhla's MNT-Halan hits $1.4 billion valuation
Egypt's MNT-Halan has hit a $1.4 billion valuation after Al Ahly Capital led a new funding round marking the first time a commercial bank has taken an equity stake in the fintech unicorn.
Nassef Sawiris' Aston Villa has no shirt sponsor and a £40 million deal is sitting on the table
Aston Villa heads into the Champions League season without a shirt sponsor, with a £40 million deal sitting unclaimed as Nassef Sawiris' club weighs its options.
This Moroccan woman took over her late husband's company and now runs a $430 million food and wine empire
Rita Maria Zniber married the founder of Morocco's largest private agribusiness empire in 1979, spent three decades learning it from the inside and has run it since 2014.
Egyptian billionaire Naguib Sawiris wants Egypt to export its stray dogs abroad instead of culling them
Egyptian billionaire Naguib Sawiris has called for a national programme to collect, treat and export Egypt's stray dogs to countries where demand for pets exists.
Egyptian billionaire Naguib Sawiris calls for Egypt's state TV to be shut down
Egyptian billionaire Naguib Sawiris has ignited a fierce national debate after publicly calling for Egypt's state television channels to be closed over billions in annual losses.
Algeria's jailed auto billionaire Mahieddine Tahkout gets 10 more years and loses everything he owns
Algeria's financial crimes tribunal has sentenced jailed tycoon Mahieddine Tahkout to 10 years in prison and ordered the confiscation of all his assets worldwide.
Africa's richest man has publicly donated $47 million to charity so far in 2026
Aliko Dangote has publicly donated at least $47 million to named causes in the first six months of 2026 through his foundation and personal gifts.
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.
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.
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
Madagascar courts have seized control of Sodiat Group's subsidiaries as founder Mamy Ravatomanga remains jailed in Mauritius facing money laundering and corruption charges.
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.
Tycoon Sandile Zungu's Madagascar nickel mine is back in production after a cyclone knocked it out for four months
Madagascar's Ambatovy nickel mine, being acquired by Sandile Zungu's ZICO consortium, has restarted production after a four-month shutdown caused by Cyclone Gezani damage.
Billionaire Zak Calisto's Cartrack faces scrutiny after a 29-year-old employee died at its Rosebank office
Zak Calisto's Cartrack is under scrutiny after 29-year-old employee Gcina Dhladhla died at its Rosebank head office on June 6, prompting calls for a Labour Department investigation.
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.
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.
Dis-Chem's new CEO is spending hundreds of millions to reinvent South Africa's biggest pharmacy chain
Dis-Chem CEO Rui Morais is spending hundreds of millions on internal disruption to transform South Africa's second-largest pharmacy chain into an integrated healthcare provider.
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
Sygnia CEO Magda Wierzycka says she would press delete on AI if she could, but is launching an AI venture capital fund to ensure South Africa captures the technology's upside.
South African billionaire Mark Shuttleworth-linked Knife Capital exits VoxCroft in US intelligence deal
Knife Capital, the direct successor to Mark Shuttleworth's Here Be Dragons venture capital operation, has exited VoxCroft Analytics in a US intelligence firm acquisition.
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.
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.
Latest Posts
Tycoon Sandile Zungu's Madagascar nickel mine is back in production after a cyclone knocked it out for four months
Madagascar's Ambatovy nickel mine, being acquired by Sandile Zungu's ZICO consortium, has restarted production after a four-month shutdown caused by Cyclone Gezani damage.
Elon Musk becomes the world's first trillionaire as SpaceX begins trading
Elon Musk has become the world's first trillionaire as SpaceX begins trading on the Nasdaq at $135 per share in the largest IPO in history.
Africa's richest man has publicly donated $47 million to charity so far in 2026
Aliko Dangote has publicly donated at least $47 million to named causes in the first six months of 2026 through his foundation and personal gifts.
Kevin Durant became the NBA's highest-paid player ever with $598 million in career earnings
Kevin Durant is the highest-paid player in NBA history at $598 million in career earnings, and his off-court empire may ultimately prove even more consequential.
Kanye West's Prague concert is cancelled as another European venue refuses to host him
Kanye West's Prague concert scheduled for July 25 has been cancelled after the venue owner terminated the organiser's contract, the latest in a growing series of cancellations.
Don Peebles built an $8 billion real estate empire one public-private deal at a time
Don Peebles turned a Washington D.C. tax assessment hustle into an $8 billion real estate empire spanning hotels, condos and historic landmarks across America's gateway cities.
Diana Ross built a $250 million fortune across six decades and at 81 she is still touring
Diana Ross built a $250 million fortune across six decades of music, film, real estate and catalog royalties, and at 81 she is still performing.
David Robinson earned $116 million in the NBA and built a $200 million fortune
David Robinson delayed his NBA career to serve in the Navy, then turned a Hall of Fame run into a $3 billion real estate firm.
John W. Rogers Jr. bought $263,700 worth of Ryan Specialty shares as the stock fell 54% in a year
Ariel Investments co-CEO John W. Rogers Jr. made a $263,700 insider purchase in Ryan Specialty on June 10 as the stock trades near a one-year low.
Ahmed Abou Hashima bet $1 billion on Egyptian steel at 35 and became one of Egypt's most powerful industrialists
Ahmed Abou Hashima invested over $1 billion at 35 to build Egyptian Steel and has since expanded into cement, media, agriculture, solar energy and banking.
Canada just found Elon Musk's Grok guilty of violating privacy laws over sexualised deepfake images
Canada's privacy commissioner has found Elon Musk's Grok violated federal privacy law by launching an image generator that creates sexualised deepfake images without user consent.
Billionaire Zak Calisto's Cartrack faces scrutiny after a 29-year-old employee died at its Rosebank office
Zak Calisto's Cartrack is under scrutiny after 29-year-old employee Gcina Dhladhla died at its Rosebank head office on June 6, prompting calls for a Labour Department investigation.
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.
