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Moroccan tycoon Lamia Tazi's Sothema wins approval for three cannabis epilepsy drugs
Sothema, the Moroccan drugmaker led by Lamia Tazi and controlled by its founding families, has won approval for three cannabis-based epilepsy medicines.
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South African billionaire Christo Wiese's R1 million Shoprite bet nears R200 billion
In 1979, Christo Wiese and Whitey Basson paid R1 million for eight grocery stores. Today Shoprite is Africa's largest retailer, worth almost R200 billion.
Moroccan tycoon Lamia Tazi's Sothema wins approval for three cannabis epilepsy drugs
Sothema, the Moroccan drugmaker led by Lamia Tazi and controlled by its founding families, has won approval for three cannabis-based epilepsy medicines.
Wealthy Kenyan businessman and ex-lawmaker Harun Mwau wins court fight over police hiring
Kenya's Court of Appeal has upheld a ruling won by tycoon and former MP Harun Mwau, leaving police recruitment under the Inspector-General's command.
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The Inside Story: Two Fronts — How Patrice Motsepe Built a Mining Fortune and a Football Presidency, and the Week Both Came Under Pressure
In 1997 a young Johannesburg lawyer bought gold shafts the big miners were giving up. Today Patrice Motsepe runs African Rainbow Minerals and African football. This week both came under pressure: a lawsuit from his mining partner and unrest inside CAF. The man, and the two fronts.
Deep-Dive Report: After the Bell — Airtel Money Slips Below Its Offer, MNT-Halan Draws 11 Times Demand, and What Africa's Listing Window Has Taught Us So Far
Airtel Money opened below its offer price in London. MNT-Halan's institutional book was covered 11 times. Dangote extended his IPO, and Firmus pulled a $30 billion listing in Sydney. The first results from Africa's listing window, and what they tell investors about the rest.
Investor Memo: Seven Times Earnings — What the Dangote Refinery's Nine-Month Numbers Say About the ₦525 Share Price
Nine months, $4.73 billion of net profit and a $650 million net cash pile. At ₦525 a share the Dangote refinery is priced at roughly seven and a half times its annualised earnings. Why the multiple is so low, what could justify it, and what to check before October 27.
Egyptian billionaire Samih Sawiris lines up daughter to lead family's film festival
Egyptian billionaire Samih Sawiris says the Sawiris family is handing the El Gouna Film Festival to its next generation, starting with his daughter Talia.
Egyptian tycoon Hend El Sherbini buys $7.8 million more of her diagnostics company
Hend El Sherbini's family vehicle bought 15.6 million shares of Integrated Diagnostics Holdings for $7.8 million, two months after her takeover offer closed.
Moroccan billionaire Anas Sefrioui's property firm lifts first-half profit 20%
Groupe Addoha, the Moroccan homebuilder controlled by billionaire Anas Sefrioui, grew first-half profit 20% and holds MAD 12.9 billion in presold homes.
Egyptian billionaire Yasseen Mansour lifts Palm Hills stake as his son takes shares
Egyptian billionaire Yasseen Mansour’s reported stake in Palm Hills Developments increased to 14.11%, while a shareholder disclosure listed his son with 3 million shares.
Wealthy Moroccan businessman Moncef Belkhayat is bringing Intersport stores to Morocco in 2027
Moroccan tycoon Moncef Belkhayat has signed a deal to open Intersport sporting goods stores in Morocco from 2027, starting in Casablanca.
Egyptian fintech tycoon Mounir Nakhla's IPO draws 11 times demand from institutions
More than 300 investors in over 10 countries bid for shares in Mounir Nakhla's MNT-Halan, Egypt's largest fintech lender, ahead of its Cairo listing.
Moroccan billionaire heir Moulay Mhamed Elalamy takes his family's Saham Group into Spain
Moulay Mhamed Elalamy, the 36-year-old chief executive of Morocco's Saham Group, has opened a Madrid investment holding as the family expands beyond Marbella.
Egyptian billionaire Naguib Sawiris-backed graphite firm presses $100 million claim against Guinea
Falcon Energy Materials, backed by Naguib Sawiris's La Mancha and Idrissa Nassa's Coris group, is pressing Guinea for $100 million over a revoked graphite licence.
Nigerian billionaire Folorunso Alakija receives honorary doctorate from UK's Buckingham University
The University of Buckingham has given Folorunso Alakija, the Nigerian oil tycoon behind Famfa Oil, an honorary doctorate for her business and charity work.
Nigerian gaming mogul Mr Eazi's betting partner pawaTech made $115 million profit in 2025
New filings show betPawa's technology owner earned $245.7 million in 2025, as Mr Eazi's Choplife Gaming spreads across a dozen African countries.
How Nigerian billionaire Tunde Folawiyo's firm got into Paystack and Flutterwave early
Nigerian billionaire Tunde Folawiyo chairs Pave Investments, which backed Paystack and Flutterwave when they were worth a few million dollars and exited both.
Nigerian pipeline billionaire Emeka Okwuosa says Africa can’t run on renewables alone
Oilserv founder Emeka Okwuosa says Nigeria's shift to clean energy must not cost it reliable power: "Energy transition must not be mistaken for energy abandonment."
Nigerian telecoms billionaire Mike Adenuga praised by Onitsha King as “a true man of culture”
The Obi of Onitsha has hailed Nigerian billionaire Mike Adenuga as "a true man of culture," crediting him with helping preserve Nigerian heritage.
Nigerian billionaire Aliko Dangote’s foundation and Gombe State to give 28,284 women refinery shares
Gombe State released ₦149.2 million to buy Dangote refinery shares for 28,284 vulnerable women, and Aliko Dangote’s foundation will match each woman’s shares.
Nigerian billionaire Aliko Dangote’s refinery IPO sparks new listing talks at Nigeria’s stock exchange
Nigerian Exchange CEO Temi Popoola says Aliko Dangote’s refinery IPO has sparked private listing talks with several companies, with listings expected from next year.
Nigerian billionaire Abdul Samad Rabiu's charity launches program for young doctors
ASR Africa, the foundation of Nigerian billionaire Abdul Samad Rabiu, has launched a program to prepare final-year medical students for clinical work, starting in Maiduguri.
Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
Mo Ibrahim told Zambia's Hakainde Hichilema not to waste his first-term progress, citing arrests, the death of a former MP and court closures.
Billionaires Narendra Raval, Edha Nahdi bet $600 million on clinker as Sarbjit Rai enters cement business
Narendra Raval's West Pokot plant and Edha Nahdi's Kwale project commit roughly Sh77 billion ($600m) to clinker, the input East Africa has always imported. Now Sarbjit Singh Rai has filed for a third plant in Nyeri.
President Paul Kagame says Rwanda wants a stake in Dangote's $16 billion Kenyan refinery
Rwanda's President Paul Kagame has confirmed his country is in early talks about taking a stake in Aliko Dangote's planned $16 billion Lamu oil refinery, saying Rwanda would be "very happy" to participate.
Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
Aliko Dangote has offered Kenya a $500 million stake in his planned $20 billion Lamu oil refinery, with groundbreaking now targeted for September as East African governments weigh their participation.
Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
Madagascar's richest man Ylias Akbaraly criticises Elon Musk's mass layoffs in a new memoir, saying job cuts expose people to social death.
Esther Koimett becomes Middle East Bank Kenya's largest shareholder after inheriting Nicholas Biwott's stake
Esther Koimett, daughter of the late Kenyan billionaire and cabinet minister Nicholas Biwott, has emerged as Middle East Bank Kenya's largest individual shareholder with a 17.48% stake.
Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
Africa's richest man Aliko Dangote has selected Kenya's Lamu Island as the site for a $17 billion refinery that would transform East Africa's fuel supply.
High Court clears the way to distribute Simeon Nyachae's estate
A Kenyan court has dismissed a challenge by Simeon Nyachae's son, clearing the way to distribute the late politician's sprawling estate and business empire
South African billionaire Christo Wiese's R1 million Shoprite bet nears R200 billion
In 1979, Christo Wiese and Whitey Basson paid R1 million for eight grocery stores. Today Shoprite is Africa's largest retailer, worth almost R200 billion.
South African billionaire Koos Bekker cashes out $500 million to build luxury hotels
Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
South African banking billionaire Michiel le Roux under fire over political donations
The ANC Youth League has renewed its attack on Capitec founder Michiel le Roux, whose companies have given the Democratic Alliance at least R208 million.
Famous Brands, built by South Africa's wealthy Halamandaris family, stumbles in Botswana
Famous Brands, the Steers and Wimpy owner co-founded by the Halamandaris family, expects interim earnings to drop as much as 33% after a Botswana writedown.
South African tycoon Marcel Golding sees opportunity in the country's water crisis
Rex Trueform, the Cape Town investment group run by former mining union leader Marcel Golding, says South Africa's water crisis creates long-term opportunities.
South African billionaire Jannie Mouton's PSG grows client assets to $35.7 billion
PSG Financial Services, part of the empire built by billionaire Jannie Mouton, grew assets under management 15% to R594.1 billion as earnings rose 5%.
South African property tycoon Des de Beer acquires more Lighthouse shares
Delsa Investments, linked to South African property tycoon Des de Beer, bought 5.5 million shares in European mall owner Lighthouse Properties for R44.8 million.
South African billionaire Johann Rupert to collect $22.8 million in Remgro dividends
Rupert Beleggings, which holds Johann Rupert's controlling B shares in Remgro, is due R379.6 million when the investment group pays final and special dividends.
Billionaire Mohammed Al-Amoudi accused of funding al-Qaeda in secret Pentagon report
A classified 2002 Pentagon report names billionaire Mohammed Al-Amoudi in an alleged money trail to Osama bin Laden, Swedish broadcaster SVT reports. He denies it.
Ethiopian billionaire Mohammed Al-Amoudi's failed refinery cost Morocco $7 billion
Mohammed Al-Amoudi bought Morocco's only refinery for 4 billion dirhams in 1997. It shut in 2015 owing over $4 billion and has never reopened.
Billionaire Mohammed Al-Amoudi orders his conglomerate to hire 40,000 more Ethiopians
Mohammed Al-Amoudi has instructed MIDROC's chief executive to lift the workforce from about 80,000 to between 100,000 and 120,000 employees.
Tewodros Ashenafi is the man foreign companies use to get into Ethiopia
Tewodros Ashenafi was the local partner on Ethiopia's largest privatisation, a $1.4 billion tobacco deal, and co-owns Ambo with Coca-Cola.
Ethiopian billionaire Mohammed Al-Amoudi is rebuilding his gold business in a new region
MIDROC has ordered Austrian machinery for a plant treating 1.25 million tonnes of ore a year, eight years after Ethiopia suspended its main mine.
Morocco rejects plan to nationalise Ethiopian billionaire Mohammed Al-Amoudi's collapsed SAMIR refinery
Morocco's upper house has rejected a bid to nationalise the SAMIR refinery, the shuttered facility once owned by billionaire Mohammed Al-Amoudi that collapsed under $4 billion in debt.
Saudi-Ethiopian billionaire Mohammed Al Amoudi's MIDROC secures $80 million for Sheraton Addis upgrade
Mohammed Al-Amoudi's MIDROC Ethiopia has signed an $80 million IFC loan to refurbish the Sheraton Addis and build a second Sheraton hotel in Addis Ababa.
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.
Latest Posts
South African billionaire Christo Wiese's R1 million Shoprite bet nears R200 billion
In 1979, Christo Wiese and Whitey Basson paid R1 million for eight grocery stores. Today Shoprite is Africa's largest retailer, worth almost R200 billion.
Nigerian billionaire Folorunso Alakija receives honorary doctorate from UK's Buckingham University
The University of Buckingham has given Folorunso Alakija, the Nigerian oil tycoon behind Famfa Oil, an honorary doctorate for her business and charity work.
Nigerian gaming mogul Mr Eazi's betting partner pawaTech made $115 million profit in 2025
New filings show betPawa's technology owner earned $245.7 million in 2025, as Mr Eazi's Choplife Gaming spreads across a dozen African countries.
Moroccan tycoon Lamia Tazi's Sothema wins approval for three cannabis epilepsy drugs
Sothema, the Moroccan drugmaker led by Lamia Tazi and controlled by its founding families, has won approval for three cannabis-based epilepsy medicines.
Wealthy Kenyan businessman and ex-lawmaker Harun Mwau wins court fight over police hiring
Kenya's Court of Appeal has upheld a ruling won by tycoon and former MP Harun Mwau, leaving police recruitment under the Inspector-General's command.
South African billionaire Koos Bekker cashes out $500 million to build luxury hotels
Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
How Nigerian billionaire Tunde Folawiyo's firm got into Paystack and Flutterwave early
Nigerian billionaire Tunde Folawiyo chairs Pave Investments, which backed Paystack and Flutterwave when they were worth a few million dollars and exited both.
Nigerian pipeline billionaire Emeka Okwuosa says Africa can’t run on renewables alone
Oilserv founder Emeka Okwuosa says Nigeria's shift to clean energy must not cost it reliable power: "Energy transition must not be mistaken for energy abandonment."
Nigerian telecoms billionaire Mike Adenuga praised by Onitsha King as “a true man of culture”
The Obi of Onitsha has hailed Nigerian billionaire Mike Adenuga as "a true man of culture," crediting him with helping preserve Nigerian heritage.
Nigerian billionaire Aliko Dangote’s foundation and Gombe State to give 28,284 women refinery shares
Gombe State released ₦149.2 million to buy Dangote refinery shares for 28,284 vulnerable women, and Aliko Dangote’s foundation will match each woman’s shares.
Nigerian billionaire Aliko Dangote’s refinery IPO sparks new listing talks at Nigeria’s stock exchange
Nigerian Exchange CEO Temi Popoola says Aliko Dangote’s refinery IPO has sparked private listing talks with several companies, with listings expected from next year.
South African banking billionaire Michiel le Roux under fire over political donations
The ANC Youth League has renewed its attack on Capitec founder Michiel le Roux, whose companies have given the Democratic Alliance at least R208 million.
Egyptian billionaire Samih Sawiris lines up daughter to lead family's film festival
Egyptian billionaire Samih Sawiris says the Sawiris family is handing the El Gouna Film Festival to its next generation, starting with his daughter Talia.
Famous Brands, built by South Africa's wealthy Halamandaris family, stumbles in Botswana
Famous Brands, the Steers and Wimpy owner co-founded by the Halamandaris family, expects interim earnings to drop as much as 33% after a Botswana writedown.
CIEL, controlled by Mauritius’s wealthy Dalais family, buys a women’s hospital in Uganda
C-Care, controlled by Mauritius's Dalais family through CIEL, has bought Kampala's Roswell Hospital, lifting its Ugandan network to six hospitals and 17 clinics.
Tanzanian billionaire Edha Nahdi's Amsons Group buys Oryx's Tanzania fuel business for $230 million
Edha Nahdi's Amsons Group has bought Oryx Energies' Tanzanian fuel business for $230 million, lifting its storage to 800,000 tons and stations to 300.
