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Kenyan tycoon David Langat plans $200 million tertiary hospital in Eldoret
Balmer Healthcare and India's Apollo Hospitals plan a Sh26 billion tertiary hospital in Eldoret aimed at keeping Kenyans from going abroad for specialist treatment.
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Tyler Perry distributes gift cards to TSA agents after plan to give them cash fails at Atlanta airport
Tyler Perry distributed gift cards to TSA workers at Atlanta's Hartsfield-Jackson Airport after federal rules prevented him from handing out cash directly to agents.
South African billionaire Zak Calisto's Cartrack fined R5 million
Cartrack, the vehicle tracking company founded by billionaire Zak Calisto, has agreed to pay a R5 million fine and refund over R5.1 million to customers.
Ugandan multimillionaire and PepsiCO bottler Amos Nzeyi donates Shs150 million to build classrooms
Ugandan businessman Amos Nzeyi has donated Shs150 million to Rwere Primary School in Rubanda, funding two classroom blocks and 12 staff housing rooms.
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Investor Memo: South Africa’s Fuel Reckoning: Two Weeks of Reserves, a Record Price Shock, and No Quick Fix
South Africa faces the largest fuel price adjustment in its history on April 1 — with two weeks of reserves, 75 percent diesel import dependence, and farmers at 20 percent allocations, we break down who is exposed and what comes next.
Deep-Dive Report: Africa's Refining Revolution — How the Hormuz Crisis Is Rewriting the Map
Africa spends $60 billion a year importing fuel it could refine at home — the Hormuz crisis just proved why that model is broken, and Dangote's 456,000-tonne export run shows the fix is already under way.
Exclusive Briefing: What We're Hearing — Africa's Energy Repricing in Real Time
Diesel and jet fuel are the real squeeze, Dangote has more inbound demand than it can service, Rabiu is building a parallel industrial empire, and South Africa is scrambling — here is what we are hearing as the war enters its fourth week.
Moroccan billionaire Othman Benjelloun’s Bank of Africa makes Forbes MENA top 100
Othman Benjelloun's Bank of Africa ranked 88th in the Forbes Middle East 2026 list of the region's 100 most valuable companies.
Mohamed Mansour's San Diego FC emerges as frontrunner to sign Mohamed Salah after Liverpool exit
Mohamed Mansour's San Diego FC is among the clubs most prominently linked to signing Mohamed Salah after the Egyptian superstar confirmed his Liverpool exit.
Morocco's royal family-controlled Attijariwafa Bank is eyeing a stake in European AI startup Mistral
Morocco's biggest bank Attijariwafa is studying an investment in French AI startup Mistral AI after it launched a model targeting financial institutions.
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.
Innocent Chukwuma's Innoson denies plans to relocate operations from Nigeria to Ghana
Innocent Chukwuma's Innoson Vehicle Manufacturing has denied circulating reports that it plans to relocate operations and investments from Nigeria to Ghana.
Abdul Samad Rabiu pushes BUA Cement toward 20Mtpa with new Edo and Sokoto plants
Abdul Samad Rabiu is expanding BUA Cement into Edo and Sokoto as the company's profit surged 381% and capacity targets hit 20 million tonnes.
Late Access Bank CEO Herbert Wigwe owned 106 properties in London, a new investigation into offshore real estate ownership reveals
Late Access Bank CEO Herbert Wigwe has been linked to 106 London properties in a sweeping new investigation into offshore ownership in the British capital.
Nigerian oil tycoon Seinye Lulu-Briggs's foundation treats 5,112 people in Ogu, performs 149 surgeries in five days
The O.B. Lulu-Briggs Foundation treated 5,112 people and performed 149 surgeries over five days in Ogu, Rivers State, Nigeria.
Aliko Dangote's net worth hits $32.5 billion as he climbs to 64th richest person globally
Aliko Dangote has added $2.57 billion to his fortune since January, climbing 13 places to rank 64th among the world's wealthiest people.
Dan Gertler's royalty claims are holding up a $9 billion Western bid for Glencore's copper and cobalt mines in Congo
Royalty claims tied to sanctioned billionaire Dan Gertler are stalling a $9 billion Western bid for Glencore's Congo copper and cobalt mines.
Billionaire Robert Friedland's Ivanhoe ships first copper through Lobito Corridor
Ivanhoe Mines has shipped its first low-carbon copper anodes from Congo's Kamoa Kakula through Angola's Lobito Corridor to a German refinery.
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.
Tosin Eniolorunda's Moniepoint enters Kenya with 78 percent stake in Sumac Microfinance Bank
Tosin Eniolorunda's Moniepoint has acquired a 78 percent majority stake in Kenya's Sumac Microfinance Bank, marking the Nigerian fintech's first major entry into East Africa.
Ugandan multimillionaire and PepsiCO bottler Amos Nzeyi donates Shs150 million to build classrooms
Ugandan businessman Amos Nzeyi has donated Shs150 million to Rwere Primary School in Rubanda, funding two classroom blocks and 12 staff housing rooms.
Kenyan tycoon David Langat plans $200 million tertiary hospital in Eldoret
Balmer Healthcare and India's Apollo Hospitals plan a Sh26 billion tertiary hospital in Eldoret aimed at keeping Kenyans from going abroad for specialist treatment.
Kenya gives 97-year-old industrialist Manu Chandaria a National Heroes Award for a lifetime of philanthropy
Kenya awarded Manu Chandaria the National Heroes Award for philanthropy spanning decades of healthcare and education investment across East Africa.
Kenya's High Court orders review of criminal proceedings in the Sh4.5 billion Absa Bank fraud case against cement tycoon Benson Ndeta
Kenya's High Court has ordered a review of criminal proceedings against Benson Ndeta in a Sh4.5 billion Absa Bank fraud case involving forged documents.
NCBA, backed by Kenya's richest families, posts $180.3 million profit and lifts dividend 22.5% ahead of Nedbank takeover
NCBA Group posted KSh 23.4 billion ($180.3 million) in full-year profit and raised its dividend by 22.5% to KSh 7.1 per share for 2025.
Meet Joshua Kulei, the prison warder who became one of Kenya's most powerful and controversial billionaires
Joshua Kulei was a prison warder who caught President Moi's eye, became his personal assistant and built one of Kenya's largest private business empires.
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.
South African billionaire Zak Calisto's Cartrack fined R5 million
Cartrack, the vehicle tracking company founded by billionaire Zak Calisto, has agreed to pay a R5 million fine and refund over R5.1 million to customers.
Optasia founder Bassim Haidar sells $86.4 million in shares to FirstRand, cutting his stake five months after the company's JSE listing
Optasia founder Bassim Haidar has sold R1.48 billion in shares to FirstRand just five months after the fintech group's high-profile JSE listing.
Remgro CEO Jannie Durand warns South Africa could face fuel shortages
Remgro CEO Jannie Durand has warned that the Middle East conflict could trigger fuel shortages in South Africa, citing deep concern about supply chain stability.
South African billionaire Johann Rupert's Richemont stock slides as China luxury slump weighs on Swiss empire
Richemont shares are under pressure as China's luxury spending slump rattles Johann Rupert's Swiss-listed holding company behind Cartier.
Sasfin Wealth rebrands as Otto1890 as Sasfin exits banking and the JSE
Erol Zeki's Sasfin Wealth has rebranded as Otto1890, honoring founder Otto Pollak, as the broader Sasfin Group exits banking and the JSE.
Zimbabwe's push to raise the ethanol blend from E5 to E20 could sharply boost tycoon Billy Rautenbach's Green Fuel business
Zimbabwe is pushing to raise its ethanol blend from E5 to E20, a move that could sharply boost Billy Rautenbach's Green Fuel operation in Chisumbanje.
Datatec founder Jens Montanana buys European tech firm, plants flag in Poland
Datatec founder Jens Montanana is pushing deeper into Europe, with Logicalis Germany snapping up Berlin-based network automation specialist NetworkedAssets.
South Africa's richest woman, Mary Oppenheimer Slack, chose horses over the boardroom and built a racing dynasty
Mary Oppenheimer Slack inherited half the Oppenheimer fortune and used her passion for horses to build one of South Africa's greatest thoroughbred dynasties.
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
NetJets takes delivery of Bombardier Global 8000, world's fastest business jet
Warren Buffett's NetJets has taken delivery of its first Bombardier Global 8000, the fastest civil aircraft since the Concorde retired in 2003.
Sea Petroleum founder Stella Oduah discharged in N2.5 billion fraud
Sea Petroleum founder Stella Oduah escapes personal conviction in a N2.5bn aviation fraud case as plea bargain sees two linked firms convicted.
Tyler Perry distributes gift cards to TSA agents after plan to give them cash fails at Atlanta airport
Tyler Perry distributed gift cards to TSA workers at Atlanta's Hartsfield-Jackson Airport after federal rules prevented him from handing out cash directly to agents.
South African billionaire Zak Calisto's Cartrack fined R5 million
Cartrack, the vehicle tracking company founded by billionaire Zak Calisto, has agreed to pay a R5 million fine and refund over R5.1 million to customers.
Innocent Chukwuma's Innoson denies plans to relocate operations from Nigeria to Ghana
Innocent Chukwuma's Innoson Vehicle Manufacturing has denied circulating reports that it plans to relocate operations and investments from Nigeria to Ghana.
Tosin Eniolorunda's Moniepoint enters Kenya with 78 percent stake in Sumac Microfinance Bank
Tosin Eniolorunda's Moniepoint has acquired a 78 percent majority stake in Kenya's Sumac Microfinance Bank, marking the Nigerian fintech's first major entry into East Africa.
Ugandan multimillionaire and PepsiCO bottler Amos Nzeyi donates Shs150 million to build classrooms
Ugandan businessman Amos Nzeyi has donated Shs150 million to Rwere Primary School in Rubanda, funding two classroom blocks and 12 staff housing rooms.
Investor Memo: South Africa’s Fuel Reckoning: Two Weeks of Reserves, a Record Price Shock, and No Quick Fix
South Africa faces the largest fuel price adjustment in its history on April 1 — with two weeks of reserves, 75 percent diesel import dependence, and farmers at 20 percent allocations, we break down who is exposed and what comes next.
Kenyan tycoon David Langat plans $200 million tertiary hospital in Eldoret
Balmer Healthcare and India's Apollo Hospitals plan a Sh26 billion tertiary hospital in Eldoret aimed at keeping Kenyans from going abroad for specialist treatment.
Kenya gives 97-year-old industrialist Manu Chandaria a National Heroes Award for a lifetime of philanthropy
Kenya awarded Manu Chandaria the National Heroes Award for philanthropy spanning decades of healthcare and education investment across East Africa.
African Wealth Briefing — Sun., March 29, 2026
Motsepe leads the ANC poll with 33 percent, private jet war-risk surcharges hit $50,000 per flight, Airtel Africa pushes the NGX past 200,000 points, and Optasia's founder sells R1.48 billion to FirstRand.
Middle East war pushes private jet war-risk costs to $50,000 per flight for Africa's rich
Private jet operators flying to the Middle East are facing war-risk insurance surcharges of up to $50,000 per flight, a new cost now pressing on Africa's ultra-wealthy.
Motsepe tops the ANC poll as South Africa 2027 race heats up
A new poll has placed Patrice Motsepe far ahead of all rivals in South Africa's ANC race, despite his rejection of any political ambition.
Airtel Africa pushes NGX up 0.85% as its shares rally by 10%
Airtel Africa surged 10 percent to top gainers, lifting the Nigerian Exchange by 0.85 percent as investors rotated into fundamentally strong stocks.
African Wealth Briefing — Sat., March 28, 2026
Remgro's CEO warns of South African fuel shortages, while Dangote's refinery pushes back on IPO rumors.
Optasia founder Bassim Haidar sells $86.4 million in shares to FirstRand, cutting his stake five months after the company's JSE listing
Optasia founder Bassim Haidar has sold R1.48 billion in shares to FirstRand just five months after the fintech group's high-profile JSE listing.
