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Forbes releases its 2026 list of Africa's authentic billionaires as collective wealth hits $126.7 billion
Forbes has released its 2026 Africa billionaires list. The continent's 23 members of the three-comma club added $20.3 billion collectively in a year.
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Forbes releases its 2026 list of Africa's authentic billionaires as collective wealth hits $126.7 billion
Forbes has released its 2026 Africa billionaires list. The continent's 23 members of the three-comma club added $20.3 billion collectively in a year.
South African billionaire, Johann Rupert's Richemont sells Baume & Mercier to Damiani after 37 Years
Richemont is offloading Baume & Mercier to Italy's Damiani Group, a deal that lays bare the growing pressures on mid-tier Swiss watchmaking.
Madagascar's most powerful businessman is now in a Mauritius jail facing a third international arrest warrant
Madagascar's anti-corruption court has issued a third international arrest warrant against tycoon Mamy Ravatomanga, adding a mining scandal to his growing legal troubles.
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Aliko Dangote and the War Premium — How the Hormuz Crisis Is Stress-Testing Africa’s Richest Man
Brent past $109, margins collapsing, a third price hike looming, and an IPO that could redefine African capital markets — inside the forces reshaping Dangote’s $32.5 billion empire in real time.
Investor Memo: Hormuz Fallout & African Energy
The Strait of Hormuz is closed, Brent is above $85, and Africa's energy map is splitting into winners and losers — we break down who gains, who bleeds, and what Dangote's stress test reveals.
Yale taps Ghana's Togbe Afede XIV to chair its global advisory council
Yale School of Management has appointed Ghanaian billionaire and paramount chief Togbe Afede XIV as chair of its Council of Global Advisors effective Feb. 16, 2026.
Hassan Allam's Egyptian construction giant powers up one of the world's largest solar parks with Chinese tech deal
Hassan Allam Holding has partnered with Sineng Electric to supply 249MW of central inverters to Egypt's 1.65GW Benban Solar Park in Aswan.
Billionaire Naguib Sawiris says Iran's attacks on the UAE are a war against freedom and progress
Egyptian billionaire Naguib Sawiris says Iran's attacks on the UAE go beyond military strikes and target freedom and a way of life.
Chakib Alj files to take control of Forafric Maroc in deal that reshapes Morocco's flour industry
Chakib Alj's Cap Holding has formally notified Morocco's Competition Council of its plan to acquire 68% of flour and pasta producer Forafric Maroc.
Adidas nominates $9.3 billion Egyptian mogul Nassef Sawiris as its next chairman
Nassef Sawiris, worth $9.3 billion and already a major Adidas shareholder, is set to become the sportswear giant's next chairman.
Billionaire Moulay Elalamy's Saham Group moves to deepen its stake in teleperformance with a $412m equity swap
Saham Group has executed a $412 million equity swap to boost its position in Teleperformance, the global customer services company it helped build.
Adidas taps billionaire Nassef Sawiris as chair
Adidas is replacing its embattled chairman with Egyptian billionaire Nassef Sawiris and keeping CEO Bjorn Gulden locked in through 2030.
Egyptian billionaire Nassef Sawiris steps down as OCI Global executive chair
Nassef Sawiris, Egypt's richest man, is leaving OCI Global's top seat, citing other professional commitments, effective at the next AGM.
Tunisia sentences richest tycoon Marouan Mabrouk to 20 years in corruption case
Tunisia sentenced its richest businessman to 20 years and a former prime minister to six in sweeping corruption verdicts Tuesday.
Aliko Dangote's refinery shields Nigeria from global oil shock but Nigerians still feel the pinch
Aliko Dangote's 650,000-barrel refinery absorbed over half of a global crude price surge, shielding Nigeria from the full force of the oil shock.
Nigerian President Tinubu just sent Jimoh Ibrahim to the United Nations, a man who ran every business he touched into the ground
Tinubu has made Jimoh Ibrahim Nigeria's man at the United Nations. His business record tells a different story about who he is.
Aliko Dangote pledges $5 million at Dubai hunger auction that raised $24.9 million in one night
Africa's richest man pledged $5 million at a Dubai charity auction raising Dh91.4 million to rescue five million children from hunger.
Meet Phillip Ihenacho, the Nigerian businessman who built "Africa's most beautiful house"
Nigerian businessman Phillip Ihenacho spent a decade building Arijiju on Kenya's Borana Conservancy. Conde Nast called it the most beautiful house in Africa.
Tycoon Emeka Offor donates 181,000 medical books to Nigerian universities
Sir Emeka Offor's foundation has shipped 10 containers of medical and nursing books from the United States to Nigerian tertiary medical institutions nationwide.
Yale taps Ghana's Togbe Afede XIV to chair its global advisory council
Yale School of Management has appointed Ghanaian billionaire and paramount chief Togbe Afede XIV as chair of its Council of Global Advisors effective Feb. 16, 2026.
Dangote Cement sells 10% of Senegal unit to government
Dangote Cement has sold 10% of its Senegal subsidiary to the government in Dakar as revenues at the plant fell 21% in 2025.
Billionaire TY Danjuma's SAPETRO donates N1 billion to Lagos security fund
TY Danjuma's oil company SAPETRO has donated N1 billion to the Lagos State Security Trust Fund, one of the largest single private-sector contributions in recent years.
Madagascar's most powerful businessman is now in a Mauritius jail facing a third international arrest warrant
Madagascar's anti-corruption court has issued a third international arrest warrant against tycoon Mamy Ravatomanga, adding a mining scandal to his growing legal troubles.
Meet Esther Muchemi, M-Pesa's first agent who became a multimillionaire
When M-Pesa launched on March 6, 2007, Esther Muchemi held agent number 0001. She had no idea what was coming.
Kenyan beer tycoon Ngugi Kiuna wins $11.4 million guarantee in Heineken battle
A Nairobi court has ordered Heineken to post a Sh1.47 billion bank guarantee before it can appeal the Sh1.8 billion award to Ngugi Kiuna.
Kenyan court issues arrest warrant for cement mogul Benson Ndeta over $35 million Absa Bank fraud
A Nairobi magistrate has issued arrest warrants for Benson Ndeta and his co-accused after they failed to appear on Sh4.5 billion fraud charges.
Malagasy tycoon Hassanein Hiridjee's AXIAN Telecom partners with AST SpaceMobile for satellite broadband in Africa
AXIAN Telecom and AST SpaceMobile have teamed up to deliver satellite broadband directly to standard smartphones across Africa's most underserved communities.
She took a DNA test. Now she's heir to a $53.8 million Kenyan empire
A decade after being shut out of her father's inheritance, Chepkoech Too has won a DNA paternity case that unlocks a Sh7 billion estate.
Chandaria family office opens Kenyan empire to Investors
Darshan Chandaria wants outside money in the family business. The CEO of one of Kenya's oldest conglomerates is building a formal family office to make it happen.
Kenyan media tycoon SK Macharia's helicopter crashes, kills MP Johana Ngeno and five others
A helicopter owned by media mogul SK Macharia crashed in Nandi County, killing MP Johana Ngeno and five others, as Macharia battles a prolonged insurance war.
South African billionaire Michiel Le Roux's Capitec launches Smart ID services at seven branches
Capitec has launched Smart ID services at seven branches, letting clients apply in under five minutes with no booking required and no Home Affairs official needed.
Patrice Motsepe’s African Rainbow Minerals expands mining empire with manganese export terminal at Ngqura Port
Patrice Motsepe's African Rainbow Minerals is joining a consortium to build a new manganese export terminal at Ngqura Port in the Eastern Cape.
South African billionaire, Johann Rupert's Richemont sells Baume & Mercier to Damiani after 37 Years
Richemont is offloading Baume & Mercier to Italy's Damiani Group, a deal that lays bare the growing pressures on mid-tier Swiss watchmaking.
BEE created Black billionaires in South Africa, but it did not create black prosperity
South Africa's BEE policy created black billionaires like Patrice Motsepe and Cyril Ramaphosa, but left tens of millions behind.
Tycoon Robert Gumede's Vision Group is at the center of a fight that could kill South Africa's biggest sugar company
Robert Gumede's Vision Group holds R11.7 billion of Tongaat Hulett's debt, and a Durban court must now decide if the 134-year-old sugar company lives or dies.
Johann Rupert's Reinet is selling its UK pension firm for R65 billion and investors wonder what comes next
Johann Rupert's Reinet has cleared its last regulatory hurdle in the R65 billion sale of UK pension firm PIC, with completion set for March 27.
South African billionaire Patrice Motsepe's ARM posts $114 million operating profit
Patrice Motsepe's ARM has swung back to profitability, posting R1.9 billion ($113.9 million) in operating profit as revenue climbed 31% to R8.4 billion ($503.9 million).
Wine farm once owned by South African tycoon Tokyo Sexwale goes on auction for $10.7 million
Bloemendal Wine Estate, a 324-year-old Cape wine farm once tied to anti-apartheid icon Tokyo Sexwale, goes to auction on 25 March for at least R180 million.
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.
Ethiopian billionaire Mohammed Al-Amoudi signals return with new mega projects
Ethiopian-born Saudi billionaire Mohammed Al-Amoudi signals a return with new mega projects under MIDROC, pledging jobs and investment as Ethiopia eyes middle-income status.
Preem, linked to Ethiopian billionaire Mohammed Al-Amoudi, posts $2.7 billion in Q2 sales
Preem reports Q2 revenue below $3 billion and swings to a $93.6 million loss as refinery downtime and weaker margins weigh.
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South African billionaire Michiel Le Roux's Capitec launches Smart ID services at seven branches
Capitec has launched Smart ID services at seven branches, letting clients apply in under five minutes with no booking required and no Home Affairs official needed.
Forbes releases its 2026 list of Africa's authentic billionaires as collective wealth hits $126.7 billion
Forbes has released its 2026 Africa billionaires list. The continent's 23 members of the three-comma club added $20.3 billion collectively in a year.
Patrice Motsepe’s African Rainbow Minerals expands mining empire with manganese export terminal at Ngqura Port
Patrice Motsepe's African Rainbow Minerals is joining a consortium to build a new manganese export terminal at Ngqura Port in the Eastern Cape.
Aliko Dangote's refinery shields Nigeria from global oil shock but Nigerians still feel the pinch
Aliko Dangote's 650,000-barrel refinery absorbed over half of a global crude price surge, shielding Nigeria from the full force of the oil shock.
Fidelis Ayebae's Fidson and NREIT listings push NGX weekly turnover to $127.9 million
Two fresh listings by Fidson Healthcare and Chapel Hill Denham's NREIT injected momentum into a Nigerian Exchange market showing early signs of recovery.
Hassan Allam's Egyptian construction giant powers up one of the world's largest solar parks with Chinese tech deal
Hassan Allam Holding has partnered with Sineng Electric to supply 249MW of central inverters to Egypt's 1.65GW Benban Solar Park in Aswan.
South African billionaire, Johann Rupert's Richemont sells Baume & Mercier to Damiani after 37 Years
Richemont is offloading Baume & Mercier to Italy's Damiani Group, a deal that lays bare the growing pressures on mid-tier Swiss watchmaking.
Aliko Dangote and the War Premium — How the Hormuz Crisis Is Stress-Testing Africa’s Richest Man
Brent past $109, margins collapsing, a third price hike looming, and an IPO that could redefine African capital markets — inside the forces reshaping Dangote’s $32.5 billion empire in real time.
Investor Memo: Hormuz Fallout & African Energy
The Strait of Hormuz is closed, Brent is above $85, and Africa's energy map is splitting into winners and losers — we break down who gains, who bleeds, and what Dangote's stress test reveals.
Madagascar's most powerful businessman is now in a Mauritius jail facing a third international arrest warrant
Madagascar's anti-corruption court has issued a third international arrest warrant against tycoon Mamy Ravatomanga, adding a mining scandal to his growing legal troubles.
Nigerian President Tinubu just sent Jimoh Ibrahim to the United Nations, a man who ran every business he touched into the ground
Tinubu has made Jimoh Ibrahim Nigeria's man at the United Nations. His business record tells a different story about who he is.
Meet Esther Muchemi, M-Pesa's first agent who became a multimillionaire
When M-Pesa launched on March 6, 2007, Esther Muchemi held agent number 0001. She had no idea what was coming.
Aliko Dangote pledges $5 million at Dubai hunger auction that raised $24.9 million in one night
Africa's richest man pledged $5 million at a Dubai charity auction raising Dh91.4 million to rescue five million children from hunger.
BEE created Black billionaires in South Africa, but it did not create black prosperity
South Africa's BEE policy created black billionaires like Patrice Motsepe and Cyril Ramaphosa, but left tens of millions behind.
Meet Phillip Ihenacho, the Nigerian businessman who built "Africa's most beautiful house"
Nigerian businessman Phillip Ihenacho spent a decade building Arijiju on Kenya's Borana Conservancy. Conde Nast called it the most beautiful house in Africa.
Tycoon Emeka Offor donates 181,000 medical books to Nigerian universities
Sir Emeka Offor's foundation has shipped 10 containers of medical and nursing books from the United States to Nigerian tertiary medical institutions nationwide.
