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South African billionaire Michiel le Roux's Capitec stake climbs to $3.9 billion
Capitec co-founder Michiel le Roux's stake in South Africa's most valuable bank is worth about R64.5 billion after a 6.08% jump on Thursday.
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Cameroonian banking tycoon Paul Fokam's Afriland doubles capital to $188 million
Afriland First Bank, Cameroon's biggest lender by assets, raised its share capital to 110 billion CFA francs by converting 60 billion francs of reserves.
Nigerian billionaire Aliko Dangote's refinery got 94.4 million barrels of local crude
Nigerian producers supplied 94.43 million barrels of crude to Aliko Dangote's refinery in 2025, roughly 259,000 barrels a day, the oil regulator said.
Russian billionaire Roman Abramovich's $7 billion fight won't bankrupt Jersey, government says
Jersey's government says there is no realistic prospect that Roman Abramovich's legal fight over £5.3 billion of
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The Inside Story: The Dealer — How Mohamed Mansour Rebuilt a Nationalised Family Business Into a $4 Billion Fortune, From GM and Caterpillar to Electric Cars and Football
Nasser nationalised his father's cotton business. Mohamed Mansour came back, won the GM and Caterpillar franchises and built one of Egypt's largest companies. Now, at 78, he is building electric cars with China's SAIC. The story of the dealer, from Cairo to Westminster.
Deep-Dive Report: The $60 Billion Map — Dangote's Plan From Walvis Bay to Lamu, Who Is Financing It, and What Could Slow It Down
Aliko Dangote has raised his Africa investment target to $60 billion by 2030, broken ground on a $2.5 billion fuel hub in Namibia and heard Afreximbank say it would lend him $10 billion. A deep-dive on the projects, the money behind them and the risks of building at this scale.
Investor Memo: The New Orascom — What Nassef Sawiris's OCI Merger Means for Shareholders, the Cash Offer Closing November 17, and the $1 Billion Investment Plan
OCI shareholders voted 99.85% to fold the company into Orascom Construction. Now they must choose between Orascom shares and Nassef Sawiris's €4.10 cash offer, which closes November 17. Our arithmetic on both options, Sawiris's likely stake and the new group's $1 billion plan.
Morocco's royal holding Al Mada leads $12 million round in AI startup Journify
Al Mada Ventures, backed by the investment holding of Morocco's royal family, led a $12 million Series A in advertising data startup Journify.
Egypt’s richest man Nassef Sawiris wins 99.85% vote to merge OCI and Orascom
Egypt’s richest man won near-unanimous approval to fold OCI into Orascom Construction, creating an Abu Dhabi investment group he will chair.
Egyptian billionaire Nassef Sawiris' Aston Villa commits to Unai Emery beyond 2029
Egyptian billionaire Nassef Sawiris's Aston Villa says it has a clear commitment from manager Unai Emery beyond 2029, after interest from Manchester United.
Egyptian billionaire Mohamed Mansour's $150 million electric car plant to open in 2027
Egyptian billionaire Mohamed Mansour's group expects to finish its electric-vehicle plant near Cairo by early 2027, as his Right to Dream academy partners with Egypt.
Egyptian billionaire Nassef Sawiris wins shareholder approval to merge OCI with Orascom Construction
OCI shareholders have approved its combination with Orascom Construction, advancing Egyptian billionaire Nassef Sawiris’s plan to create a broader infrastructure and investment platform.
Egyptian billionaire Ahmed Elsewedy's Elsewedy Electric moves into elevators
Elsewedy Electric, the industrial group run by Egyptian tycoon Ahmed Elsewedy, has launched an elevator brand and wants 1 billion pounds in sales in 2027.
Egyptian billionaire Nassef Sawiris wins apology from TV pundit Jamie Carragher
TV pundit Jamie Carragher apologized to Aston Villa, its owners and fans less than 24 hours after Egyptian billionaire Nassef Sawiris threatened legal action.
Egyptian pharma tycoon Ahmed Abu Al-Naga sells half of ATCO for $50 million
Private equity firm RMBV is taking 50% of ATCO Pharma, the Egyptian drugmaker run by Ahmed Abu Al-Naga, in a $50 million deal.
Nigerian billionaire Aliko Dangote says he paid 40% interest on cement plant loans
Aliko Dangote said Nigerian banks charged up to 40% interest to fund his Obajana cement plant, whose cost climbed from $180 million to $1 billion.
Cameroonian banking tycoon Paul Fokam's Afriland doubles capital to $188 million
Afriland First Bank, Cameroon's biggest lender by assets, raised its share capital to 110 billion CFA francs by converting 60 billion francs of reserves.
Nigerian billionaire Aliko Dangote's refinery got 94.4 million barrels of local crude
Nigerian producers supplied 94.43 million barrels of crude to Aliko Dangote's refinery in 2025, roughly 259,000 barrels a day, the oil regulator said.
Nigerian billionaire Aliko Dangote's $2.5 billion Namibia project was nearly lost, president says
Namibian President Netumbo Nandi-Ndaitwah said she had to call Aliko Dangote and plead with him to stay after delays frustrated his team.
Nigerian dealmaker Fola Aiyesimoju's UAC stake nearly doubles to $10.8 million
Fola Aiyesimoju, the former KKR dealmaker who runs UAC of Nigeria, holds 86 million shares in his own name, now worth about $10.8 million.
Nigerian executive Funke Ijaiya-Oladipo's UAC stake nears $2.5 million after 89% rally
Former Goldman Sachs banker Funke Ijaiya-Oladipo, UAC of Nigeria's finance director, owns shares worth about $2.5 million after an 89% rally.
Burkina Faso tycoon Idrissa Nassa's Coris Bank stake soars to $1.1 billion
Shares of Coris Bank International have tripled this year, lifting the stake held by Burkina Faso tycoon Idrissa Nassa's Coris Holding to $1.13 billion.
Nigerian billionaire Tony Elumelu names four barriers holding back Africa's economy
Tony Elumelu, whose foundation has given more than $100 million to African entrepreneurs since 2015, said a shortage of capital is holding Africa back.
Kenya's wealthy Kinuthia family sees Quickmart IPO oversubscribed with $142 million in bids
Investors bid Sh18.4 billion for Quickmart's Sh15 billion share sale, securing a $37 million payout for the Kinuthia family that founded the chain.
Kenyan billionaire Narendra Raval’s $539 million Kitui cement plant to create 4,000 jobs
Kenyan President William Ruto valued Narendra Raval’s Kitui cement plant at Sh70 billion ($539 million) and said it will create 4,000 jobs.
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.
South African billionaire Michiel le Roux's Capitec stake climbs to $3.9 billion
Capitec co-founder Michiel le Roux's stake in South Africa's most valuable bank is worth about R64.5 billion after a 6.08% jump on Thursday.
Why South African billionaire Rob Hersov wants the ANC out of power
Rob Hersov wants entrepreneurs to run South Africa's economy, the state to sell its assets and opposition parties to unite against the ANC.
South African billionaire Christo Wiese's Shoprite names new director amid CEO pay fight
Shoprite, the grocer in which billionaire Christo Wiese controls the biggest block of votes, has named former Deloitte partner Tasneem Abdool-Samad to its board.
South African tycoon Stephen Saad's Aspen receives $220 million for menopause drug sale
Aspen Pharmacare, led by South African tycoon Stephen Saad, has received €197 million from Ennogen and completed the sale of Ovestin in Europe.
South African billionaire Johann Rupert's Remgro seeks licence to trade power across borders
Remgro's electricity trader EXSA has applied to South Africa's energy regulator for a licence to import and export power across the 16-nation SADC region.
South African tycoon Brian Joffe, who built Bidvest, wins lifetime achievement award
Brian Joffe, the South African dealmaker who built Bidvest and Bidcorp from a pet-food stake, received a lifetime achievement award and spoke about giving back.
Aliko Dangote raises Africa investment target to $60 billion as he breaks ground on $2.5 billion Namibia fuel hub
Aliko Dangote raised his Africa investment target to $60 billion by 2030 and broke ground on a $2.5 billion fuel project in Namibia.
South African tycoon Tshepo Mahloele's Lebashe sees iOCO stake fall to 14.4%
Lebashe Investment Group, chaired by South African tycoon Tshepo Mahloele, now owns 14.36% of tech services firm iOCO, down from 17% a year earlier.
Billionaire Mohammed Al-Amoudi to build stadium for Ethiopia's most successful football club
MIDROC, owned by Saudi-Ethiopian billionaire Mohammed Al-Amoudi, will fund a new stadium for Saint George, as sponsors pledge more than $3.1 million a season.
Ethiopian billionaire Mohammed Al-Amoudi's Nyala Insurance tops $6 million in profit
Nyala Insurance, the Ethiopian insurer co-founded by billionaire Mohammed Al-Amoudi, says annual profit passed 1 billion birr as paid-up capital topped 2 billion birr.
Somali tycoon Abdirashid Duale's Dahabshiil to sell Chinese carmaker Chery's cars in Somalia
Dahabshiil Motors, the car arm of Abdirashid Duale's Dahabshiil Group, has signed a deal to become an authorized dealer for China's Chery in Somalia.
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
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Nigerian billionaire Aliko Dangote says he paid 40% interest on cement plant loans
Aliko Dangote said Nigerian banks charged up to 40% interest to fund his Obajana cement plant, whose cost climbed from $180 million to $1 billion.
American billionaire Dario Amodei’s Anthropic IPO valuation could fall to $1.1 trillion after AI stock rout
Dario Amodei’s Anthropic may list at as little as $1.1 trillion after an AI selloff, far below the $2 trillion some investors floated in October.
Cameroonian banking tycoon Paul Fokam's Afriland doubles capital to $188 million
Afriland First Bank, Cameroon's biggest lender by assets, raised its share capital to 110 billion CFA francs by converting 60 billion francs of reserves.
Nigerian billionaire Aliko Dangote's refinery got 94.4 million barrels of local crude
Nigerian producers supplied 94.43 million barrels of crude to Aliko Dangote's refinery in 2025, roughly 259,000 barrels a day, the oil regulator said.
Russian billionaire Roman Abramovich's $7 billion fight won't bankrupt Jersey, government says
Jersey's government says there is no realistic prospect that Roman Abramovich's legal fight over £5.3 billion of
Nigerian billionaire Aliko Dangote's $2.5 billion Namibia project was nearly lost, president says
Namibian President Netumbo Nandi-Ndaitwah said she had to call Aliko Dangote and plead with him to stay after delays frustrated his team.
French billionaire Xavier Niel's Millicom posts 61% revenue jump as profit halves
Millicom, the Tigo operator controlled by French billionaire Xavier Niel, lifted third-quarter revenue 61% after its Telefónica purchases, though net profit halved.
American rapper Kanye West brings back Yeezy runway show with JD Sports deal
Kanye held his first Yeezy fashion show in four years in Los Angeles, as the brand returns to stores through British retailer JD Sports.
Ukrainian billionaire Rinat Akhmetov exits farming with sale of HarvEast to Parallel
Rinat Akhmetov's SCM has agreed to sell its stake in HarvEast to fuel group Parallel, taking Ukraine's richest man out of farming.
South African billionaire Michiel le Roux's Capitec stake climbs to $3.9 billion
Capitec co-founder Michiel le Roux's stake in South Africa's most valuable bank is worth about R64.5 billion after a 6.08% jump on Thursday.
Indian billionaire Satyanarayan Nuwal's Solar Industries wins vote for $1.3 billion Omnia buyout
Omnia Holdings shareholders backed a R21.8 billion cash offer from Indian billionaire Satyanarayan Nuwal's Solar Industries, clearing its path to leave the JSE.
Indian billionaire Uday Kotak says AI correction could send foreign money to India
Uday Kotak, Asia's richest banker, said India could win back foreign investors if the global AI investment boom unwinds, after a record $29 billion outflow.
American billionaire filmmaker Tyler Perry joins Georgia governor-elect Keisha Lance Bottoms' team
Filmmaker Tyler Perry will help Georgia Governor-elect Keisha Lance Bottoms build her administration as a co-chair of her Georgia's Promise transition team.
American billionaire Rupert Murdoch faces Trump appeal over $10 billion Epstein lawsuit
President Donald Trump is appealing the dismissal of his $10 billion lawsuit against Rupert Murdoch and the Wall Street Journal over its Epstein letter story.
American billionaire Elon Musk says SpaceX revenue could pass $500 billion by 2027
Elon Musk told investors SpaceX's annualized revenue will likely top $500 billion by December 2027, well above every analyst forecast for the company.
American billionaire Les Wexner's name stays on Ohio State buildings despite 512 requests
Ohio State University will keep Les Wexner's name on its medical center, arts center and football complex after rejecting hundreds of Epstein-linked removal requests.
