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Nigerian billionaire Abdul Samad Rabiu commissions Baglietto for new 60 meter yacht
Abdul Samad Rabiu has signed with Italy’s Baglietto to build a 60 meter yacht, adding a new luxury commission to his profile.
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Revego raises R1 billion to expand South Africa renewables
Revego Africa Energy Fund raised R1 billion in new capital to expand South Africa renewables, backing a 150 MW solar plant and five wind projects.
HUB Cyber Security to buy South Africa’s Ferrox, betting $125 million on a critical minerals mine
HUB Cyber Security agreed to buy South Africa’s Ferrox and the Tivani mine project in a $125 million equity deal tied to milestones.
Nigerian billionaire Abdul Samad Rabiu commissions Baglietto for new 60 meter yacht
Abdul Samad Rabiu has signed with Italy’s Baglietto to build a 60 meter yacht, adding a new luxury commission to his profile.
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South African tycoon Barry Swartzberg’s Discovery stake rises above $320 million
South African billionaire Barry Swartzberg’s Discovery stake rises above $320 million as shares recover on the JSE.
Palantir CEO Alex Karp unloads $110 million in stock within 100 days
Alex Karp has sold more than $110 million in Palantir shares within 100 days amid stock volatility and tax obligations.
South African billionaire Jannie Mouton’s Capitec stake tops $1.2 billion
Jannie Mouton’s Capitec stake tops $1.2 billion as an 18-day share rally adds $67.58 million in value, cementing his position among South Africa’s financial elite.
Morocco's King Mohammed VI launches 157 mosques nationwide with $64.7 million investment
King Mohammed VI has ordered the opening of 157 mosques across Morocco, expanding worship space for about 160000 faithful before Ramadan.
Saudi Arabia's richest women invest in Egyptian delivery startup Breadfast's $50 million round
Saudi business leaders Lubna and Hutham Olayan joined Mubadala in backing Egypt’s Breadfast, a fast delivery startup chasing growth beyond Cairo.
Why Algeria's richest man Issad Rebrab let Brandt collapse as French appliance icon heads to liquidation
Issad Rebrab’s Cevital chose not to fund a Brandt rescue, and a French court liquidation ended hundreds of appliance jobs.
Sheikh Tahnoon bin Zayed-backed belton acquires Baobab in €197.6 million Africa expansion push
Beltone, backed by Sheikh Tahnoon bin Zayed’s Chimera, bought Baobab Group for €197.6 million to expand across Africa.
Family linked to jailed Algerian auto tycoon Mahieddine Tahkout hid $15 million in assets, prosecutors say
Prosecutors say a family hid about $15 million in assets in a case linked to jailed auto tycoon Mahieddine Tahkout.
Billionaire Naguib Sawiris backs new Digital School push to train 100,000 Egyptians
Naguib Sawiris joined UAE partners to launch Jusur Al Foras, a plan to train 100,000 Egyptians and place 10,000 in jobs.
Mandarin Oriental to take over Egypt’s Old Cataract and Winter Palace
Mandarin Oriental plans a major Egypt push with the Old Cataract in Aswan, Luxor’s Winter Palace and its first luxury Nile cruise.
Egyptian billionaire Hisham Talaat Moustafa to establish a private university
Hisham Talaat Moustafa is leading a new push into higher education as Talaat Moustafa Group plans a private university in Noor City.
Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Aradel, led by Adegbite Falade, secures $250 million to expand Nigerian oil and gas operations
Aradel, led by Adegbite Falade, secures $250 million to expand oil and gas operations and increase stake in ND Western.
Nigerian business icon Adekunle Ojora passes away at 93
Adekunle Ojora, 93, renowned Nigerian business leader and investor, passes away, leaving decades of corporate impact.
OPEC’s first female president spent $2.75 million at Harrods, London court hears
Diezani Alison-Madueke, OPEC’s first female president and Nigeria’s ex-oil minister spent $2.75 million at Harrods, facing UK bribery scrutiny.
Africa’s richest man, Aliko Dangote's refinery lifts petrol prices 14 percent
Africa’s richest man Aliko Dangote raises petrol prices by 14 percent as global crude oil prices climb after U.S. supply disruptions.
Tanzanian multimillionaire Ghalib Said Mohamed to build CAF level stadium in Dar es Salaam
Young Africans says GSM Group president Ghalib Said Mohamed has won the bid to build a CAF standard stadium to end years of renting.
Narendra Raval's Devki Steel seeks $12 million VAT settlement with KRA
Narendra Raval Devki Steel has opened negotiations with Kenya Revenue Authority in a Sh1.6 billion VAT dispute over factory equipment imports
Kenya’s CMA CEO Wyckliffe Shamiah approves new investment bank, stockbroker
CMA has licensed six new firms including an investment bank and stockbroker, widening the Kenya-regulated capital markets sector in 2026.
Mombasa billionaire Mohammed Jaffer wins delay in court case against maize miller
A Mombasa High Court pushed to May a Ksh90 million suit targeting a grain handler associated with businessman Mohammed Jaffer after witnesses failed to attend.
Bill Gates Rejects Claims Linking Him to Mosquito Surge in Kenya
Bill Gates has rejected claims circulating online that link him to a surge in mosquitoes in Kenya, with his foundation calling the allegations false.
Kenyan billionaire Manu Chandaria donates $150,000 to new student innovation hub
Industrialist and philanthropist Manu Chandaria, through the Chandaria Foundation, has partnered with KCA University on a Sh20 million incubation and innovation centre in Nairobi.
Court orders arrest of Kenyan tycoon Pius Ngugi over $32,000 legal fees
A Nairobi court issued an arrest warrant for tycoon Pius Ngugi over Sh4.19 million in legal fees after a bid to stop execution failed.
Billionaires.Africa ranks the 10 richest investors on the Dar es Salaam Stock Exchange in 2026
DSE ended 2025 at record valuation levels. These are the ten biggest individual investors by listed equity stakes, led by bank heavy portfolios.
Revego raises R1 billion to expand South Africa renewables
Revego Africa Energy Fund raised R1 billion in new capital to expand South Africa renewables, backing a 150 MW solar plant and five wind projects.
HUB Cyber Security to buy South Africa’s Ferrox, betting $125 million on a critical minerals mine
HUB Cyber Security agreed to buy South Africa’s Ferrox and the Tivani mine project in a $125 million equity deal tied to milestones.
Patrice Motsepe steps back from executive chair role at ARM as JSE rules tighten
ARM founder Patrice Motsepe has given up executive duties and will serve as non executive chair as the miner reshapes leadership.
Billionaire Patrice Motsepe-linked Sanlam acquires majority stake in Medhold
Patrice Motsepe Sanlam Private Equity has taken majority control of Medhold, signaling renewed investment in Southern Africa healthcare sector.
Swiss private bank Pictet opens South Africa office as Africa’s millionaire ranks swell
Swiss private bank Pictet is opening in South Africa after regulatory approval, betting Africa’s wealthy class will drive more cross border investment.
Cell C turns the corner as Blue Label’s Levy brothers steer turnaround
Cell C says its assets now exceed liabilities, a milestone after Blue Label’s Brett and Mark Levy bought in and funded a painful turnaround.
Meya Mining lands $25 million Ecobank facility as Trustco backs ramp up in Sierra Leone diamonds
Meya Mining secured a $25 million Ecobank facility that Trustco says will fund new equipment and speed diamond output in Sierra Leone.
Billionaire-backed Curro moves to fully take over Meridian schools platform
Curro, backed by Jannie Mouton’s foundation, has been cleared to acquire Meridian linked entities, tightening control of its cost conscious school brand.
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.
Ethiopia’s richest man Mohammed Al-Amoudi gains $2.2 billion; wealth nears $8 billion
Mohammed Al-Amoudi’s fortune rises $2.2 billion after Svenska sale, pushing his net worth toward $8 billion.
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Revego raises R1 billion to expand South Africa renewables
Revego Africa Energy Fund raised R1 billion in new capital to expand South Africa renewables, backing a 150 MW solar plant and five wind projects.
HUB Cyber Security to buy South Africa’s Ferrox, betting $125 million on a critical minerals mine
HUB Cyber Security agreed to buy South Africa’s Ferrox and the Tivani mine project in a $125 million equity deal tied to milestones.
Femi Otedola shapes leadership thinking as Making It Big reframes success beyond wealth
Making It Big by Femi Otedola is sparking fresh debate on leadership and personal growth, as readers reflect on mindset, discipline, reinvention, and purpose beyond financial success
How Aliko Dangote built a $32 billion industrial empire without tech
Aliko Dangote’s $31.9 billion fortune proves industrial power can rival tech wealth, built through cement, refining, and reinvestment across Africa
Aliko Dangote embeds succession at the heart of his $100 billion vision, appoints daughters to key executive roles
Aliko Dangote appoints his daughters to top executive roles, positioning them to lead key divisions of his conglomerate as part of a long-term succession and growth strategy
Nigerian billionaire Abdul Samad Rabiu commissions Baglietto for new 60 meter yacht
Abdul Samad Rabiu has signed with Italy’s Baglietto to build a 60 meter yacht, adding a new luxury commission to his profile.
Morocco's King Mohammed VI launches 157 mosques nationwide with $64.7 million investment
King Mohammed VI has ordered the opening of 157 mosques across Morocco, expanding worship space for about 160000 faithful before Ramadan.
Dutch-Nigerian tycoon Cornelis Vink’s TGI teams up with India’s Reliance to sell affordable goods in Nigeria
TGI Group partners with Reliance Consumer Products to manufacture affordable FMCG brands for Nigerian and West African consumers.
Billionaire Aliko Dangote's group unveils vision 2030 to boost local production in Nigeria
Dangote Group outlines Vision 2030 roadmap to expand local manufacturing, strengthen supply chains and cut Nigeria’s import dependence.
Saudi Arabia's richest women invest in Egyptian delivery startup Breadfast's $50 million round
Saudi business leaders Lubna and Hutham Olayan joined Mubadala in backing Egypt’s Breadfast, a fast delivery startup chasing growth beyond Cairo.
Nigerian billionaire Abdul Samad Rabiu, Dangote, and MTN lead big wins at NGX Made of Africa Awards
BUA founder Abdul Samad Rabiu joined Dangote and MTN as industry giants claimed top honours at the NGX Made of Africa Awards in Lagos.
Why Algeria's richest man Issad Rebrab let Brandt collapse as French appliance icon heads to liquidation
Issad Rebrab’s Cevital chose not to fund a Brandt rescue, and a French court liquidation ended hundreds of appliance jobs.
Essence owner Richelieu Dennis blames sponsorship slump as unpaid bills cloud 2026 festival funding
Essence Festival’s unpaid 2025 bills have lawmakers asking questions as owner Richelieu Dennis says a sponsorship slump squeezed last year’s budget.
Tanzanian multimillionaire Ghalib Said Mohamed to build CAF level stadium in Dar es Salaam
Young Africans says GSM Group president Ghalib Said Mohamed has won the bid to build a CAF standard stadium to end years of renting.
Narendra Raval's Devki Steel seeks $12 million VAT settlement with KRA
Narendra Raval Devki Steel has opened negotiations with Kenya Revenue Authority in a Sh1.6 billion VAT dispute over factory equipment imports
Dangote signs $400 million deal with XCMG China to speed refinery expansion to 1.4 million barrels a day
Dangote Group signed a $400 million equipment agreement with China’s XCMG, aiming to speed refinery expansion and scale petrochemicals and fertilizer output.
