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Nigerian billionaire Arthur Eze suffers another loss as Chevron cuts ties with Atlas in Equatorial Guinea
Arthur Eze’s Atlas Petroleum lost its Block I stake after payment disputes with Chevron, as Equatorial Guinea moves to secure gas development.
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South African tycoon Senzo Tsabedze's Afrirent acquires bus manufacturer Busmark 2000
Afrirent founder Senzo Tsabedze is set to buy Busmark, pulling the Randfontein bus maker out of business rescue and into a wider logistics group.
Nigerian billionaire Arthur Eze suffers another loss as Chevron cuts ties with Atlas in Equatorial Guinea
Arthur Eze’s Atlas Petroleum lost its Block I stake after payment disputes with Chevron, as Equatorial Guinea moves to secure gas development.
South African investment manager Thato Ntseare warns of AI bubble risk
E Squared’s Thato Ntseare says AI hype is inflating valuations, and South Africa needs guardrails before an investment bubble bursts.
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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.
Billionaires.Africa ranks the 30 richest investors on the Egyptian Exchange in 2026
Egypt’s stock market surged over the past year. Here are the 30 biggest listed equity fortunes on the EGX, with stakes and dollar values.
Egypt's Hassan Allam Properties targets $297.4 million in 2026 projects, prepares new hospitality brand
Developer Hassan Allam Properties targets 14 billion pounds in 2026 work and will launch a hospitality brand to manage hotels opening in 2028-29.
Billionaire Hisham Talaat Moustafa says real estate prices in Egypt are unlikely to fall soon
Egypt’s top developer says housing prices follow land and building costs, and demand remains strong despite higher expenses.
EBRD approves $25 million loan to Hassan Allam to modernize equipment in Egypt
The EBRD approved a $25 million loan to Hassan Allam Holding to upgrade equipment and support lower emission construction operations in Egypt.
Mauritius-based businessman Antoine Delaporte's Adenia buys majority stake in Egypt’s Parkville
Adenia Partners buys controlling stake in Egypt’s Parkville, expanding into health, personal care, and Middle East-Africa markets.
Orascom Construction, led by Egypt’s richest family, gains backing for OCI deal
Orascom Construction shareholders approved an OCI unit acquisition and a 97 million capital raise, expanding assets and boosting issued shares.
Moroccan tycoon Mohamed Hassan Bensalah sells biscuit manufacturer Biscoland sold to Spain’s Adam Foods
Adam Foods has bought Biscoland, the 2023 Holmarcom biscuit and chocolate venture, taking over a modern Casablanca area factory and its local brands.
Egyptian billionaire Ahmed Ezz’s steel firm plans $1.1 billion production expansion
Ahmed Ezz’s Ezz Steel invests $1.16 billion to expand production amid falling exports and rising local demand.
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.
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.
Billionaires.Africa ranks the 10 richest investors on the Uganda Securities Exchange in 2026
A 34% rally has lifted Uganda’s Securities Exchange—still a market where a few liquid stocks and a small circle of investors drive most of the action.
Billionaires.Africa ranks the 20 richest people on the Nairobi Securities Exchange in 2026
Using late January 2026 NSE closing prices, we ranked the biggest disclosed shareholders on Kenya’s bourse and priced their listed stakes in dollars.
Kenyan beverage tycoon Kimani Rugendo seeks Supreme Court lifeline in Malindi land battle
Kevian chairman Kimani Rugendo wants the Supreme Court to weigh a retrial order he says could reshape how long running land cases are handled.
Kenyan banker James Mwangi hit with security order in $7.8 million land fight
Court of Appeal blocks James Mwangi’s bid to halt a Sh1 billion land judgment, orders Sh10 million security and freezes dealings on the Muthaiga plot.
Kenyan billionaire Narendra Raval's Devki Group wins local approval to start Kishushe mining in Taita Taveta county
Shareholders at Kishushe Ranch in Kenya’s Taita Taveta county unanimously approved Devki Group’s mining plans, with officials promising jobs and road upgrades.
Banking tycoon Lesetja Kganyago warns stablecoins could threaten currency stability in South Africa
Lesetja Kganyago has warned that the growing use of stablecoins could threaten currency stability in South Africa, citing regulatory gaps and rising global economic uncertainty
South African tycoon Senzo Tsabedze's Afrirent acquires bus manufacturer Busmark 2000
Afrirent founder Senzo Tsabedze is set to buy Busmark, pulling the Randfontein bus maker out of business rescue and into a wider logistics group.
South Africa's richest man might be looking to sell luxury watchmaker Jaeger LeCoultre
Sale talk is swirling around Jaeger LeCoultre, and Rupert controlled Richemont is under pressure to prove its watch strategy after a brand disposal.
Naspers flags R32bn in asset sales as CEO Bloisi shifts focus from big buys to sharper performance
Naspers plans to sell over R32bn in non core assets as CEO Fabricio Bloisi pauses major acquisitions and pushes profits across e commerce.
Saki Macozoma’s Safika Holdings to pocket about R4.4bn in Exxaro’s manganese buyout
Ntsimbintle will distribute proceeds from Exxaro’s manganese buyout, with Macozoma-linked Safika positioned for roughly R4.4bn before taxes and final adjustments.
South African arms billionaire Ivor Ichikowitz targets Ukraine with new OWL armoured vehicle
Paramount founder Ivor Ichikowitz is pushing into Ukraine’s armoured vehicle market, touting the OWL and leaning on European partnerships.
Zak Calisto’s Karooooo makes Singapore fast growth list as Cartrack scales globally
Karooooo, led by Zak Calisto, earned a spot on Singapore’s 2026 fast growth list as Cartrack’s fleet platform expands across markets.
South African businesswoman Gloria Serobe’s Wiphold and PIC acquire Zaad seed group for $87 million
Wiphold and the PIC are buying Zaad Group for R1.4bn, betting better seeds and crop protection can help shore up food supply.
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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Banking tycoon Lesetja Kganyago warns stablecoins could threaten currency stability in South Africa
Lesetja Kganyago has warned that the growing use of stablecoins could threaten currency stability in South Africa, citing regulatory gaps and rising global economic uncertainty
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South African tycoon Senzo Tsabedze's Afrirent acquires bus manufacturer Busmark 2000
Afrirent founder Senzo Tsabedze is set to buy Busmark, pulling the Randfontein bus maker out of business rescue and into a wider logistics group.
Nigerian billionaire Arthur Eze suffers another loss as Chevron cuts ties with Atlas in Equatorial Guinea
Arthur Eze’s Atlas Petroleum lost its Block I stake after payment disputes with Chevron, as Equatorial Guinea moves to secure gas development.
Ghanaian businessman Dr Ernest Sampong hailed as Ernest Chemists marks four decades of leadership
Ghana’s government has praised Dr Ernest Sampong’s four decades of leadership as Ernest Chemists celebrates its role in strengthening local pharmaceutical manufacturing.
South African investment manager Thato Ntseare warns of AI bubble risk
E Squared’s Thato Ntseare says AI hype is inflating valuations, and South Africa needs guardrails before an investment bubble bursts.
South Africa's richest man might be looking to sell luxury watchmaker Jaeger LeCoultre
Sale talk is swirling around Jaeger LeCoultre, and Rupert controlled Richemont is under pressure to prove its watch strategy after a brand disposal.
Naspers flags R32bn in asset sales as CEO Bloisi shifts focus from big buys to sharper performance
Naspers plans to sell over R32bn in non core assets as CEO Fabricio Bloisi pauses major acquisitions and pushes profits across e commerce.
Saki Macozoma’s Safika Holdings to pocket about R4.4bn in Exxaro’s manganese buyout
Ntsimbintle will distribute proceeds from Exxaro’s manganese buyout, with Macozoma-linked Safika positioned for roughly R4.4bn before taxes and final adjustments.
South African arms billionaire Ivor Ichikowitz targets Ukraine with new OWL armoured vehicle
Paramount founder Ivor Ichikowitz is pushing into Ukraine’s armoured vehicle market, touting the OWL and leaning on European partnerships.
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.
Zak Calisto’s Karooooo makes Singapore fast growth list as Cartrack scales globally
Karooooo, led by Zak Calisto, earned a spot on Singapore’s 2026 fast growth list as Cartrack’s fleet platform expands across markets.
South African businesswoman Gloria Serobe’s Wiphold and PIC acquire Zaad seed group for $87 million
Wiphold and the PIC are buying Zaad Group for R1.4bn, betting better seeds and crop protection can help shore up food supply.
