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Nigerian billionaire Femi Otedola spends $9 million more on First HoldCo shares
Femi Otedola bought 95.7 million more First HoldCo shares at N131.48 on Monday, paying 6.1% less than he did ten days ago as the stock retreated.
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Nigerian billionaire Femi Otedola spends $9 million more on First HoldCo shares
Femi Otedola bought 95.7 million more First HoldCo shares at N131.48 on Monday, paying 6.1% less than he did ten days ago as the stock retreated.
Moroccan canned fish billionaire Saïd Alj holds a $114 million stake in insurer Sanlam Maroc
Said Alj, the Moroccan behind Titus sardines, owns 7.206% of Sanlam Maroc, a stake worth $114 million after the Allianz Maroc merger.
Evergrande founder Hui Ka Yan, once China's richest man, sentenced to life in prison
Hui Ka Yan, the founder of Evergrande and once China's richest man, has been sentenced to life in prison for fraud and bribery.
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ADNOC's ~$1 billion purchase of Shell's 580 South African petrol stations needed something money couldn't buy: a Black-owned local partner without which the deal couldn't close. It picked Reatile. Inside the quiet, decisive role of the empowerment partner in African dealmaking.
Investor Memo: The Palace Portfolio — Inside Al Mada, the Holding Company Through Which Morocco's Royal Family Controls $17.5 Billion of the Economy
Morocco's royal family controls ~$17.5 billion of listed companies — two-thirds of it mining — through a single vehicle, Al Mada. A study of how great fortunes are built to hold and command entire sectors, not to be counted. A look inside the structure, not the person.
The Inside Story: Banking the Overlooked — How Bicycle-Parts Trader Idrissa Nassa Built a $9 Billion Bank Serving the Customers Everyone Else Ignored
In 1984 Idrissa Nassa moved bicycle parts across West African borders. Today he controls a $9 billion banking group in eleven countries — built by serving the traders big banks ignored — and just pledged to mobilise $712 million for Burkina Faso's hospitals and schools.
Moroccan canned fish billionaire Saïd Alj holds a $114 million stake in insurer Sanlam Maroc
Said Alj, the Moroccan behind Titus sardines, owns 7.206% of Sanlam Maroc, a stake worth $114 million after the Allianz Maroc merger.
Morocco has a new billionaire, Mohammed Bouzoubaa, with a $1.6 billion stake in TGCC
Morocco has another new billionaire in TGCC founder Mohammed Bouzoubaa, whose 19.3 million shares in the construction group are worth $1.62 billion.
Morocco has a new billionaire, construction tycoon M'hammed Kabbaj, worth $1.7 billion
Morocco has a new billionaire in SGTM chairman M'hammed Kabbaj, whose 22.2 million shares in the construction group are worth $1.72 billion.
King Mohammed VI's family owns $17.5 billion in listed Moroccan firms, two-thirds of it mining
Morocco's royal family controls 60% of Al Mada, giving it roughly $17.5 billion in publicly traded Moroccan companies, with $11.3 billion in mining.
Egyptian billionaire Nassef Sawiris lifts his OCI stake to 57.5% in takeover push
Nassef Sawiris bought a further 320,708 OCI shares on Wednesday, taking his combined holding to 57.5% as his takeover offer proceeds.
Egyptian billionaire Naguib Sawiris takes the chair at Orascom Investment and lends it $10 million
Naguib Sawiris has become chairman of Orascom Investment Holding, whose shareholders approved a loan of up to $10 million from its principal owner.
Billionaire Anas Sefrioui to acquire Servier's Moroccan business
Anas Sefrioui's Pharma Capital will take full ownership of Servier's Moroccan subsidiaries, subject to Competition Council approval.
Egyptian billionaire Yasseen Mansour's Palm Hills lifts revenue 25% as profit falls 7%
Palm Hills, chaired by Egyptian billionaire Yasseen Mansour, lifted half-year revenue 25.4% while net income fell 7% on thinner margins.
Nigerian billionaire Femi Otedola spends $9 million more on First HoldCo shares
Femi Otedola bought 95.7 million more First HoldCo shares at N131.48 on Monday, paying 6.1% less than he did ten days ago as the stock retreated.
Burkinabè billionaire Idrissa Nassa's Coris Bank commits $712 million to hospitals and schools
Idrissa Nassa's Coris Bank has committed to mobilise $712 million for four university hospitals and 27 schools under a memorandum signed in Ouagadougou.
Aliko Dangote pledges $432,000 for a Lagos girls' hostel and jobs for first-class graduates
The Aliko Dangote Foundation has pledged ₦600 million for a girls' hostel at Lagos State University and jobs for first-class graduates.
Wealthy Nigerian politician Abdulaziz Yari personally settles Geregu Power's defaulted bond
Geregu Power chairman Abdulaziz Yari has personally provided the funds to clear the company's N40.09 billion ($29 million) bond after a recent default.
Gaming mogul Mr Eazi plans an NGX listing
Mr Eazi told Nairametrics he intends to list a technology company on the Nigerian Exchange, citing Dangote, Rabiu and Otedola as inspiration.
Aliko Dangote is $5 billion richer since the Iran war closed the Strait of Hormuz
Aliko Dangote's Lagos refinery has become Europe's largest supplier of jet fuel and diesel since Iran closed the Strait of Hormuz.
Nigerian billionaire Aliko Dangote to run Kano vocational center in 20-year deal
The Nigerian billionaire has signed a 20-year deal with the Kano State Government to revive the Aliko Dangote Vocational Training Centre for young people.
Nigerian billionaire Aliko Dangote's refinery secures $1 billion backing ahead of planned IPO
Aliko Dangote's petroleum refinery has completed a $1 billion underwriting program, including a funded $600 million private placement, ahead of its planned initial public offering.
Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
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Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
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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
Kenya signs $1.2 billion JKIA deal with China Road and Bridge; government says Chivayo firm did not bid
Chirchir stated that no Chivayo-linked company bid for the JKIA contract, naming China Road and Bridge Corporation as the signatory.
Family Bank founder Titus Muya and associates pocket $36.6 million paper gain as Kenyan lender surges 44% on NSE debut
Family Bank founder Titus Muya and his associates pocketed a $36.6 million paper gain as the Kenyan lender surged 44% on its NSE debut Tuesday.
Billionaire Rostam Aziz's Taifa Mining clears key hurdle at Tanzania gold project set for construction
Rostam Aziz's Taifa Mining has cleared a critical pre-construction drilling milestone at Lake Victoria Gold's fully permitted Imwelo gold project in Tanzania.
Christo Wiese and Johann Rupert have given 24,500 South Africans legal title to their homes through Khaya Lam
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South African tycoon Giovanni Ravazzotti's Italtile profit falls 14% on cheap imported tiles
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South African billionaire Johann Rupert's daughter Hanneli now runs his Venice craft biennial
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Rival airline asks tribunal to block South African tycoon Tshepo Mahloele's FlySafair takeover
CemAir asked South Africa's Competition Tribunal to block Harith Aviation's purchase of FlySafair, citing the state pension fund's interests on both sides.
South African billionaire Johann Rupert is $1.3 billion richer on a Cartier jewellery boom
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South African billionaire Patrice Motsepe's ARM expects earnings to rise up to 22%
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South African tycoon Simphiwe Mehlomakulu takes a stake in Shell's 580 petrol stations
Simphiwe Mehlomakulu's Reatile Group will be the empowerment partner in ADNOC's $1 billion purchase of Shell's South African fuel business.
Morocco rejects plan to nationalise Ethiopian billionaire Mohammed Al-Amoudi's collapsed SAMIR refinery
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Nigerian billionaire Femi Otedola spends $9 million more on First HoldCo shares
Femi Otedola bought 95.7 million more First HoldCo shares at N131.48 on Monday, paying 6.1% less than he did ten days ago as the stock retreated.
Moroccan canned fish billionaire Saïd Alj holds a $114 million stake in insurer Sanlam Maroc
Said Alj, the Moroccan behind Titus sardines, owns 7.206% of Sanlam Maroc, a stake worth $114 million after the Allianz Maroc merger.
German billionaire Klaus-Michael Kuehne, logistics magnate behind Kuehne + Nagel, dies at 89
Klaus-Michael Kuehne, the controlling shareholder of Swiss logistics group Kuehne + Nagel and one of Germany's richest investors, has died at the age of 89.
Evergrande founder Hui Ka Yan, once China's richest man, sentenced to life in prison
Hui Ka Yan, the founder of Evergrande and once China's richest man, has been sentenced to life in prison for fraud and bribery.
Morocco has a new billionaire, Mohammed Bouzoubaa, with a $1.6 billion stake in TGCC
Morocco has another new billionaire in TGCC founder Mohammed Bouzoubaa, whose 19.3 million shares in the construction group are worth $1.62 billion.
Christo Wiese and Johann Rupert have given 24,500 South Africans legal title to their homes through Khaya Lam
Billionaires Christo Wiese and Johann Rupert have backed a project that has handed 24,500 title deeds to South Africans who owned their homes but not the land beneath them, unlocking generational wealth for families who had none.
South African tycoon Giovanni Ravazzotti's Italtile profit falls 14% on cheap imported tiles
Italtile's trading profit fell to R1.8 billion as dumped imports squeezed its factories. The duties it won came after year end.
African Wealth Briefing — Mon., Aug. 24, 2026
Morocco's royal family holds $17.5 billion of the country's listed companies through one vehicle, Al Mada — and the kingdom minted a brand-new billionaire the same week.
Deep-Dive Report: The Necessary Partner — How Simphiwe Mehlomakulu's Reatile Became the Black-Owned Partner ADNOC Needed to Buy Shell's 580 Petrol Stations
ADNOC's ~$1 billion purchase of Shell's 580 South African petrol stations needed something money couldn't buy: a Black-owned local partner without which the deal couldn't close. It picked Reatile. Inside the quiet, decisive role of the empowerment partner in African dealmaking.
Investor Memo: The Palace Portfolio — Inside Al Mada, the Holding Company Through Which Morocco's Royal Family Controls $17.5 Billion of the Economy
Morocco's royal family controls ~$17.5 billion of listed companies — two-thirds of it mining — through a single vehicle, Al Mada. A study of how great fortunes are built to hold and command entire sectors, not to be counted. A look inside the structure, not the person.
The Inside Story: Banking the Overlooked — How Bicycle-Parts Trader Idrissa Nassa Built a $9 Billion Bank Serving the Customers Everyone Else Ignored
In 1984 Idrissa Nassa moved bicycle parts across West African borders. Today he controls a $9 billion banking group in eleven countries — built by serving the traders big banks ignored — and just pledged to mobilise $712 million for Burkina Faso's hospitals and schools.
South African billionaire Johann Rupert's daughter Hanneli now runs his Venice craft biennial
Hanneli Rupert, daughter of Richemont chairman Johann Rupert, runs the Homo Faber craft biennial in Venice, which opens for a month on Sept. 1.
South African billionaire Robert Gumede's $1.9 billion smart city hits land and contract snags
Robert Gumede's Guma Group plans a $1.9 billion smart city on Mpumalanga state land, but contracts, residents and a citrus farm are unresolved.
Elon Musk renews Starlink push for India, targeting 440 million rural users locked out of 4G coverage
Elon Musk has renewed his pitch for Starlink in India, targeting the country's 440 million rural internet users as SpaceX reapplies for regulatory approval to deploy its next-generation satellite constellation.
A Tesla worker would need 2.5 million years to match Elon Musk's 2025 pay of $158 billion, AFL-CIO data shows
AFL-CIO data shows Tesla's CEO-to-worker pay ratio hit 2,522,203-to-1 in 2025, with Elon Musk credited with $158.3 billion in compensation against a median employee salary of $57,243.
Morocco has a new billionaire, construction tycoon M'hammed Kabbaj, worth $1.7 billion
Morocco has a new billionaire in SGTM chairman M'hammed Kabbaj, whose 22.2 million shares in the construction group are worth $1.72 billion.
