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Brenthurst Wealth founder Magnus Heystek says his offshore money won't return to South Africa
Magnus Heystek says none of his offshore investments will return to South Africa, warning that recent market gains mask weak fundamentals and long-term growth prospects.
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OnlyFans billionaire owner Leonid Radvinsky dies at 43
Leonid Radvinsky, the billionaire owner of OnlyFans who transformed the platform into a global subscription giant, has died at 43 after a battle with cancer.
Sanctioned tycoon Kudakwashe Tagwirei pledges $350,000 to rehabilitate Zimbabwe's main psychiatric hospital
Kudakwashe Tagwirei pledged $350,000 to rehabilitate Zimbabwe's main psychiatric hospital at a Bulawayo fundraising drive that raised over $2 million.
Billionaire Jannie Mouton's PSG Financial expects earnings to rise as much as 39% in 2026
PSG Financial Services expects attributable earnings per share to rise as much as 39% for the year ended Feb. 28, 2026, with results due April 16.
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Investor Memo: Fuel-Starved Nations Flock to Dangote — How the War Is Redrawing Africa’s Energy Trade Map
South Africa, Ghana and Kenya are lining up for fuel from Dangote's refinery as the Hormuz crisis enters its fourth week — we break down what this means for African energy trade, the IPO, and who holds the pricing power.
Tony Elumelu: The Dealmaker Who Won’t Stop Building — Macron’s Pick, Transcorp’s Record Year, and the Empire Behind Africa’s Most Visible Businessman
Macron tapped him for France's Africa coalition, his foundation just deployed $16 million, and Transcorp posted record revenue of $399 million — inside the empire and influence of Tony Elumelu.
Investor Memo: $126.7 Billion at the Peak — What Forbes Doesn’t Tell You
Forbes says Africa's 23 billionaires are worth a record $126.7 billion — but the list was frozen on March 1, the day before the war began, and sixteen days later, those fortunes are splitting fast.
Billionaire Yasseen Mansour's Palm Hills posts 29.55 percent profit jump to EGP 4.22 billion in 2025
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
Hesham El Ghoroury's Tiba wins Amethis backing to scale Egypt's rice-based food ingredients export push
Hesham El Ghoroury's Tiba for Starch & Glucose has secured a minority stake from Amethis to scale production capacity and expand into global export markets.
Turkish billionaire Fuat Tosyali pushes Algeria steel complex to 8 million tons with new cold rolling mill
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Uganda signs a deal with the Sawiris family's Orascom Construction to study a light rail system for Kampala
Uganda signed a deal with Egypt's Orascom Construction to study whether a light rail transit system for Kampala is viable.
Billionaire Hisham Talaat Moustafa takes TMG's expansion plans to Egypt's prime minister as the group eyes a major new East Cairo project
Hisham Talaat Moustafa met Egypt's prime minister to discuss TMG's expansion plans, including a major new mixed-use project in East Cairo.
MNT-Halan CEO Mounir Nakhla is targeting EGP 30 billion in debt financing as Egypt's fintech unicorn keeps expanding
MNT-Halan CEO Mounir Nakhla says the company will target EGP 30 billion in securitization and bond issuances by end of 2026.
Hisham Talaat Moustafa's TMG ranked Egypt's top listed real estate developer by Forbes
Talaat Moustafa Group has been ranked Egypt's top listed real estate developer for 2026 by Forbes Middle East, capping a record year.
Tony Elumelu urges Africa's wealthy to share prosperity
Tony Elumelu called on wealthy Africans to share their resources and empower the poor as his foundation unveiled its 2026 grant beneficiaries.
Nigerian entrepreneur Tosin Eniolorunda's Moniepoint acquires Orda to expand into Africa's food service market
Tosin Eniolorunda's Moniepoint has acquired Orda Africa to expand into food services, integrating restaurant software with payments and credit tools.
Lagos sues Air Peace founder over ₦94 million tax dispute
Lagos State has sued Air Peace founder Allen Onyema over a ₦94 million tax claim in a high-profile enforcement action.
South Africa is seeking a 12-month fuel supply deal with Aliko Dangote's refinery as the Iran war chokes off Middle East supplies
South Africa is pursuing a 12-month fuel supply deal with Aliko Dangote's Nigerian refinery as the Iran war disrupts Middle East supply chains.
Ghana's opposition accuses tycoon Ibrahim Mahama of capturing the country's mining sector less than a year after his brother returned to power
Ghana's parliamentary minority is accusing Ibrahim Mahama of capturing the country's mining sector less than a year into his brother's presidency.
Tony Elumelu Foundation is deploying $16 million to 3,200 African entrepreneurs in its 2026 cohort
Tony Elumelu Foundation is giving $5,000 each to 3,200 African entrepreneurs in 2026, deploying $16 million in total seed capital across Africa.
French billionaire Vincent Bolloré will stand trial in December over corruption charges tied to port deals in Togo and Guinea
French billionaire Vincent Bolloré will stand trial in December over bribery and embezzlement charges tied to African port deals in Togo and Guinea.
French President Macron picks Nigerian tycoon Tony Elumelu to lead France's new Africa Impact Coalition ahead of the Nairobi summit in May
Emmanuel Macron has appointed Nigerian billionaire Tony Elumelu to lead France's new Africa Impact Coalition ahead of the Nairobi summit in May.
James Mwangi's Equity Group abandons Ethiopia-first strategy to acquire Angolan bank
James Mwangi's Equity Group is pivoting to Angola for a bank acquisition after Ethiopia's restrictive foreign ownership rules stall its market entry.
Innscor takes 27 percent stake in Tanganda after underwriting $8 million rights offer
Innscor Africa has secured a 27 percent stake in Tanganda Tea Company after underwriting the firm's $8 million rights offer.
The detention of Malagasy tycoon Mamy Ravatomanga in Mauritius is threatening the island's financial reputation ahead of its 2027 FATF review
The detention of Malagasy tycoon Mamy Ravatomanga in Mauritius on money laundering suspicions is raising fresh concerns about the island's FATF standing.
Kenyan Petroleum tycoon Jackson Chebett buys Tuju's Karen estate at auction
Stabex International chairman Jackson Kiplimo Chebett's company paid Sh450 million at auction for former minister Raphael Tuju's prime Karen property.
Ugandan billionaire Sudhir Ruparelia unveils One-10 luxury apartments in Kampala
Sudhir Ruparelia's Meera Investments is building One-10 Apartments, a 15-story luxury residential tower in Kampala's prestigious Kololo neighborhood.
Kenyan banker James Mwangi set to pocket $5.6 million dividend
Equity Group's record 2025 profit will pay CEO James Mwangi more than Sh734 million in dividends as the board raises its payout by 35%.
Lake Victoria Gold, backed by Tanzanian billionaire Rostam Aziz, confirms up to 97% gold recovery at its Imwelo project in Tanzania
Lake Victoria Gold, backed by Tanzanian billionaire Rostam Aziz's Taifa Mining, confirms up to 97% gold recovery at its Imwelo project in Tanzania.
Steel tycoon Sikander Lalani's Roofings Group launches e-commerce platform to bring steel sales online across Uganda
Sikander Lalani's Roofings Group has launched an e-commerce platform with Tech Mahindra, enabling customers worldwide to browse, order and pay for steel products online.
Sanctioned tycoon Kudakwashe Tagwirei pledges $350,000 to rehabilitate Zimbabwe's main psychiatric hospital
Kudakwashe Tagwirei pledged $350,000 to rehabilitate Zimbabwe's main psychiatric hospital at a Bulawayo fundraising drive that raised over $2 million.
Mark and Brett Levy's Blu Label Unlimited shares lose $85.1 million in seven months
Mark and Brett Levy have lost R1.46 billion over seven months as Blu Label Unlimited shares fell sharply from their August 2025 peak.
Billionaire Jannie Mouton's PSG Financial expects earnings to rise as much as 39% in 2026
PSG Financial Services expects attributable earnings per share to rise as much as 39% for the year ended Feb. 28, 2026, with results due April 16.
South African billionaire Koos Bekker watches MultiChoice bleed as the empire he built fights for survival
Koos Bekker built DStv from an MBA thesis into Africa's biggest pay-TV empire. Now it is losing subscribers, channels and its identity.
Tycoon Saki Macozoma says South Africa's Black Economic Empowerment must be overhauled and handed to a new generation of leaders
Saki Macozoma told the News24 On the Record summit that BEE must be overhauled and led by new leaders, not scrapped, to remain relevant.
Zimbabwean multimillionaire Simon Rudland threatens to sue state broadcaster ZBC over claims he bankrolled a plot to overthrow Mnangagwa
Zimbabwe businessman Simon Rudland has given state broadcaster ZBC two days to retract claims he bankrolled a plot to overthrow President Mnangagwa.
The Foschini Group warns both earnings per share and headline earnings will fall more than 20% as weak UK and Australia sales drag down its 2026 results
The Foschini Group has warned both its earnings per share and headline earnings will fall more than 20% for its 2026 financial year.
Patrice Motsepe's African Rainbow Capital is fighting a US company's bid to block a South African court from ruling on a $195 million Tanzania lawsuit
A US company is contesting Johannesburg high court jurisdiction in a $195 million lawsuit against Patrice Motsepe's African Rainbow Capital.
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.
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.
Latest Posts
Brenthurst Wealth founder Magnus Heystek says his offshore money won't return to South Africa
Magnus Heystek says none of his offshore investments will return to South Africa, warning that recent market gains mask weak fundamentals and long-term growth prospects.
OnlyFans billionaire owner Leonid Radvinsky dies at 43
Leonid Radvinsky, the billionaire owner of OnlyFans who transformed the platform into a global subscription giant, has died at 43 after a battle with cancer.
Sanctioned tycoon Kudakwashe Tagwirei pledges $350,000 to rehabilitate Zimbabwe's main psychiatric hospital
Kudakwashe Tagwirei pledged $350,000 to rehabilitate Zimbabwe's main psychiatric hospital at a Bulawayo fundraising drive that raised over $2 million.
Mark and Brett Levy's Blu Label Unlimited shares lose $85.1 million in seven months
Mark and Brett Levy have lost R1.46 billion over seven months as Blu Label Unlimited shares fell sharply from their August 2025 peak.
Billionaire Jannie Mouton's PSG Financial expects earnings to rise as much as 39% in 2026
PSG Financial Services expects attributable earnings per share to rise as much as 39% for the year ended Feb. 28, 2026, with results due April 16.
Tony Elumelu urges Africa's wealthy to share prosperity
Tony Elumelu called on wealthy Africans to share their resources and empower the poor as his foundation unveiled its 2026 grant beneficiaries.
James Mwangi's Equity Group abandons Ethiopia-first strategy to acquire Angolan bank
James Mwangi's Equity Group is pivoting to Angola for a bank acquisition after Ethiopia's restrictive foreign ownership rules stall its market entry.
Nigerian entrepreneur Tosin Eniolorunda's Moniepoint acquires Orda to expand into Africa's food service market
Tosin Eniolorunda's Moniepoint has acquired Orda Africa to expand into food services, integrating restaurant software with payments and credit tools.
Aliko Dangote's refinery exports 456,000 tonnes of fuel to Ghana, Togo and three other African nations
Aliko Dangote's refinery has shipped 456,000 tonnes of refined petroleum products to five African countries since reaching full capacity in February.
Lagos sues Air Peace founder over ₦94 million tax dispute
Lagos State has sued Air Peace founder Allen Onyema over a ₦94 million tax claim in a high-profile enforcement action.
Innscor takes 27 percent stake in Tanganda after underwriting $8 million rights offer
Innscor Africa has secured a 27 percent stake in Tanganda Tea Company after underwriting the firm's $8 million rights offer.
South African billionaire Koos Bekker watches MultiChoice bleed as the empire he built fights for survival
Koos Bekker built DStv from an MBA thesis into Africa's biggest pay-TV empire. Now it is losing subscribers, channels and its identity.
Investor Memo: Fuel-Starved Nations Flock to Dangote — How the War Is Redrawing Africa’s Energy Trade Map
South Africa, Ghana and Kenya are lining up for fuel from Dangote's refinery as the Hormuz crisis enters its fourth week — we break down what this means for African energy trade, the IPO, and who holds the pricing power.
Tony Elumelu: The Dealmaker Who Won’t Stop Building — Macron’s Pick, Transcorp’s Record Year, and the Empire Behind Africa’s Most Visible Businessman
Macron tapped him for France's Africa coalition, his foundation just deployed $16 million, and Transcorp posted record revenue of $399 million — inside the empire and influence of Tony Elumelu.
African Wealth Briefing — Mon., March 23, 2026
South Africa wants a 12-month fuel deal with Dangote as the Iran war chokes off Middle East supplies.
The detention of Malagasy tycoon Mamy Ravatomanga in Mauritius is threatening the island's financial reputation ahead of its 2027 FATF review
The detention of Malagasy tycoon Mamy Ravatomanga in Mauritius on money laundering suspicions is raising fresh concerns about the island's FATF standing.
