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Indian billionaire Sridhar Vembu urges Indians in the US to “come back” after green card freeze
Billionaire Sridhar Vembu has urged Indians in the US to return home after Washington froze green card sponsorships at eight firms, including Infosys and TCS.
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Indian billionaire Anil Agarwal to pocket $110 million from Vedanta’s first dividend since its breakup
Indian billionaire Anil Agarwal is set to collect about $110 million after Vedanta declared its first dividend since splitting into five listed companies.
Indian billionaire Sridhar Vembu urges Indians in the US to “come back” after green card freeze
Billionaire Sridhar Vembu has urged Indians in the US to return home after Washington froze green card sponsorships at eight firms, including Infosys and TCS.
American billionaire Jensen Huang loses $6.1 billion as Nvidia shares fall
Jensen Huang lost $6.1 billion as Nvidia fell 3% on a report that OpenAI's revenue trails earlier figures, pushing his fortune below $200 billion.
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The Inside Story: The Long Way Back — How Sudhir Ruparelia Was Expelled From Uganda at 16, Came Home With $25,000 and Built Its Largest Indigenous Bank
Expelled from Uganda at 16, Sudhir Ruparelia came home in 1985 with $25,000, opened the country's first licensed forex bureau and built its largest indigenous bank. Then the central bank took it over. As his London trial opens today, the story of the man and the bank.
Deep-Dive Report: The New Lenders of West Africa — As Société Générale Leaves Ghana, Morocco's Royal-Backed Attijariwafa Moves In
Société Générale is leaving Ghana and Attijariwafa is arriving. One by one, French banks are selling their African subsidiaries to African buyers, and the most ambitious buyer is Moroccan and royal-backed. What the shift means for who finances West Africa.
Investor Memo: The State as Shareholder — Why Aliko Dangote Is Offering East African Governments 30% of His Lamu Refinery
Aliko Dangote is offering East African governments 30% of his Lamu refinery, with Kenya weighing about $500 million for 10%. Why Africa's richest man wants states as co-owners of a $16 billion asset, what that protects, what it costs, and what building in Lagos taught him.
Egyptian billionaire Nassef Sawiris wins Dutch court fight with OCI shareholders
The Amsterdam Enterprise Chamber rejected minority shareholders’ request for an inquiry into OCI, a win for Nassef Sawiris as his €4.10 buyout offer proceeds.
Fintech founder Mounir Nakhla's MNT-Halan opens Egypt's biggest IPO in years
MNT-Halan's Egyptian arm opened its 7.84 billion pound IPO at EGP 24.5 a share, Egypt's largest offering since 2021, with trading expected on Oct. 20.
Egyptian cable giant Elsewedy's investment arm exits university venture
Al Ahly Capital is buying El Sewedy Capital's 40% stake in a New Damietta university venture with CIRA due to open in 2027.
Moroccan billionaire Aziz Akhannouch’s Afriquia Gaz posts MAD370 million profit in first half of 2026
Moroccan billionaire Aziz Akhannouch’s Afriquia Gaz reported MAD370.2 million in consolidated net profit for the first half of 2026, up 0.5% year on year.
Egyptian businessman Ahmed Heikal's Qalaa Holdings to raise $74 million to clear bank debts and double refinery stake
Egyptian tycoon Ahmed Heikal’s Qalaa Holdings will seek approval for a EGP3.87 billion capital raise to expand energy investments and strengthen its finances.
Late Moroccan billionaire Miloud Chaabi's heirs remain divided 10 years on
Ten years after Miloud Chaabi died, his heirs are still at odds over Ynna Holding, while the conglomerate's subsidiaries are run by independent managers.
Moroccan tycoon Moncef Belkhayat builds $10.7 million logistics hub in Agadir
Moncef Belkhayat's La Voie Express Group will spend 100 million dirhams on a logistics hub near Agadir, its second site in the region.
Moroccan King Mohammed VI's bank to take control of Société Générale Ghana
Attijariwafa Bank, in which King Mohammed VI's family holds the largest stake through Al Mada, will buy 55.22% of Société Générale Ghana.
Ghanaian billionaire Ibrahim Mahama’s $100 million Dzata Cement targets 3 million tonnes
Ibrahim Mahama said Ghanaians “can’t always be beggars” as his Dzata Cement, Ghana’s only wholly Ghanaian-owned cement maker, marked five years in Tema.
Nigerian billionaire Aliko Dangote’s refinery IPO opens to Uganda’s wealthy investors
Uganda’s markets regulator has opened Aliko Dangote’s $1.6 billion refinery IPO to high-net-worth and professional investors, days before the offer closes on Oct. 13.
Aliko Dangote's $51.7 billion Forbes fortune now exceeds that of South Africa's eight billionaires combined
Forbes values Aliko Dangote at $51.7 billion, more than the combined wealth of South Africa's eight billionaires, while Bloomberg's index puts his fortune at $35.7 billion.
Ghanaian fuel tycoon William Tewiah's ZEN stake gains $54 million in months
William Tewiah's ZEN Petroleum stake has gained $54 million since May to $392 million, but thin trading means the gain exists largely on paper.
Ghanaian stock market investor Daniel Ofori's bank stakes hit $82 million
Daniel Ofori's stakes in three Ghanaian banks are worth $81.8 million, led by a 6.56% holding in GCB Bank, whose shares have doubled this year.
Africa's richest man Aliko Dangote's Kenya refinery deal faces urgent court case
Kenya's High Court has certified as urgent a petition seeking disclosure of the money, land and guarantees behind the state's stake in Dangote's Lamu refinery.
Late Nigerian banker Herbert Wigwe's Access Holdings has lagged rivals since his death
Access Holdings shares have risen 23% since Herbert Wigwe's death, while First HoldCo, Zenith, GTCO and UBA gained between 77% and 489%.
How Ghanaian media mogul Osei Kwame Despite built his empire from cassettes
Osei Kwame Despite sold cassettes in Dunkwa before building Peace FM, UTV, salt and food businesses and Ghana's first major car museum.
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
Zimbabwean billionaire Kudakwashe Tagwirei named economic development minister
President Emmerson Mnangagwa has named his close ally Kudakwashe Tagwirei minister of economic development and investment promotion, with Mthuli Ncube keeping the finance portfolio.
South African billionaire Christo Wiese’s Premier Group faces bid to overturn R6 billion RFG merger
South African billionaire Christo Wiese’s Premier Group is fighting the Competition Commission’s bid to revoke its nearly R6 billion RFG merger.
Zimbabwean billionaire Strive Masiyiwa’s Cassava brings back Dan Kwach to lead AI data centre push
Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies brings back Dan Kwach to lead its AI data centre expansion across Africa.
South African billionaires GT Ferreira and Laurie Dippenaar buy into Airbnb rival
FirstRand co-founders GT Ferreira and Laurie Dippenaar’s family offices joined a consortium that bought LekkeSlaap, a South African rival to Airbnb.
South African billionaire heir Jonathan Oppenheimer warns of climate tipping point
Jonathan Oppenheimer, executive chairman of Oppenheimer Generations, said the world may be at a climate tipping point and urged scientists to reach the public.
Billionaire Michiel le Roux's Capitec targets South Africa's R50 billion stokvel market
Capitec has launched a stokvel account aimed at the 11 million South Africans who save about R50 billion a year through 800,000 community savings groups.
Zimbabwean tycoon Kudakwashe Tagwirei pledges $1 million for Mnangagwa's 2030 push
Kudakwashe Tagwirei pledged $1 million and 10 vehicles per province at a ZANU-PF event rallying war veterans' children behind Mnangagwa's Vision 2030, ZimEye reported.
South African tycoons Mark and Brett Levy's Blu Label stays silent on Ticketpro buyers
Blu Label sold Ticketpro's sport and events business for R5 million, but neither it nor the buyers will disclose who now owns the ticketing company.
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
Indian billionaire Anil Agarwal to pocket $110 million from Vedanta’s first dividend since its breakup
Indian billionaire Anil Agarwal is set to collect about $110 million after Vedanta declared its first dividend since splitting into five listed companies.
Indian billionaire Sridhar Vembu urges Indians in the US to “come back” after green card freeze
Billionaire Sridhar Vembu has urged Indians in the US to return home after Washington froze green card sponsorships at eight firms, including Infosys and TCS.
American billionaire Jensen Huang loses $6.1 billion as Nvidia shares fall
Jensen Huang lost $6.1 billion as Nvidia fell 3% on a report that OpenAI's revenue trails earlier figures, pushing his fortune below $200 billion.
Japanese billionaire Masayoshi Son seeks $100 billion from Gulf investors for AI expansion
SoftBank founder Masayoshi Son is seeking up to $100 billion from Gulf investors for a fund to buy companies and overhaul them with AI.
U.S. billionaire Vivek Ramaswamy’s Atlas Atomics raises $400 million at $1.9 billion valuation
Vivek Ramaswamy's nuclear startup Atlas Atomics has raised about $400 million at a $1.9 billion valuation in a round led by General Catalyst.
Australian billionaire Nicola Forrest makes $360 million gift to her charity
Nicola Forrest, ex-wife of Fortescue founder Andrew Forrest, has given A$520 million in cash and shares to her Coaxial Foundation, one of Australia’s largest gifts.
Malagasy billionaire Hassanein Hiridjee’s Axian signs deal for 200 MW Zambia solar plant
Hassanein Hiridjee’s Axian has signed a power purchase agreement with Africa GreenCo for the 200 MW Kudu solar plant, its biggest project yet in Zambia.
Elon Musk’s SpaceX buys the airwaves it needs to take on Verizon, AT&T and T-Mobile
Elon Musk’s SpaceX will buy up to 14MHz of 800MHz spectrum from Grain Management to make Starlink Mobile a U.S. carrier, sending Verizon, AT&T and T-Mobile shares down about 6%.
Billionaire Donald Trump bought up to $5 million of Elon Musk’s SpaceX bonds
Ethics filings show billionaire Donald Trump’s portfolio bought up to $5 million of SpaceX bonds two days before a presidential order to speed rocket launches; the White House says independent managers made the trade.
Trump presents National Medal of Science to billionaire Elon Musk and three other tech leaders
President Trump presented the National Medal of Science to Elon Musk, Sergey Brin, Jensen Huang and Lisa Su, and the technology medal to Michael Dell and Satya Nadella, at a White House science summit.
Elon Musk asks if Indian billionaire Mukesh Ambani is the ‘real boss of India’
Elon Musk asked whether Mukesh Ambani is “the real boss of India” after the government denied blocking Starlink, saying all satellite operators await security clearance.
Zimbabwean billionaire Kudakwashe Tagwirei named economic development minister
President Emmerson Mnangagwa has named his close ally Kudakwashe Tagwirei minister of economic development and investment promotion, with Mthuli Ncube keeping the finance portfolio.
Egyptian billionaire Naguib Sawiris says Palestinians gained nothing from October 7
Naguib Sawiris called the October 7 attack a horrible act of terrorism that brought Palestinians only destruction, while warning of an expansionist Israeli government.
South African billionaire Christo Wiese’s Premier Group faces bid to overturn R6 billion RFG merger
South African billionaire Christo Wiese’s Premier Group is fighting the Competition Commission’s bid to revoke its nearly R6 billion RFG merger.
U.S. billionaire Josh Kushner builds $17.5 billion fortune as Thrive expands beyond venture capital
Josh Kushner's fortune has reached an estimated $17.5 billion as Thrive Capital, now managing over $65 billion, expands beyond venture capital.
Zimbabwean billionaire Strive Masiyiwa’s Cassava brings back Dan Kwach to lead AI data centre push
Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies brings back Dan Kwach to lead its AI data centre expansion across Africa.
