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South African-born tycoon Gary Lubner eyes $1 billion windfall in glass repair giant Belron IPO
South African-born Gary Lubner, former Belron chief executive and major Labour donor, stands to pocket close to $1 billion if the Autoglass parent lists in Amsterdam.
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Algerian tycoon Mahieddine Tahkout faces fresh corruption allegations over billions in diverted funds and international money laundering
Algerian businessman Mahieddine Tahkout faces fresh corruption allegations over diverted funds and international money laundering in a widening legal case.
South African-born tycoon Gary Lubner eyes $1 billion windfall in glass repair giant Belron IPO
South African-born Gary Lubner, former Belron chief executive and major Labour donor, stands to pocket close to $1 billion if the Autoglass parent lists in Amsterdam.
Hassan Allam acquires MetiPro from Metito to build a scaled water infrastructure platform across the Middle East and Africa
Hassan Allam Holding has agreed to acquire MetiPro, the engineering and construction arm of water management group Metito, in an undisclosed deal.
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Wealth Intelligence: Abdul Samad Rabiu — The Best Quarter in Nigerian Industrial History, and It Still Wasn’t Enough to Hold Third Place
Rabiu posted the best quarter in Nigerian industrial history — BUA Cement profit up 381 percent, BUA Foods proposing a record N504 billion dividend, and over $400 million flowing to him personally in a single season — and still fell to fourth on the continent.
Investor Memo: The $50 Billion Test — How the Dangote Refinery IPO Became Africa’s First Serious Cross-Border Listing
The Dangote Refinery IPO is not just Africa's largest equity offering — it is the first serious attempt to prove that a continental capital market can price a $50 billion industrial asset without outsourcing to London or New York, and the test lands in ten weeks.
Investor Memo: The Kirsh Effect — What Africa’s Invisible Second-Richest Man Reveals About How Wealth Is Really Built on This Continent
Nathan Kirsh was invisible to every wealth ranking until Sysco priced his grocery empire at $29.1 billion — now he is Africa's second richest person, and we break down what his emergence reveals about where the continent's real wealth lives.
Algerian tycoon Mahieddine Tahkout faces fresh corruption allegations over billions in diverted funds and international money laundering
Algerian businessman Mahieddine Tahkout faces fresh corruption allegations over diverted funds and international money laundering in a widening legal case.
Hassan Allam acquires MetiPro from Metito to build a scaled water infrastructure platform across the Middle East and Africa
Hassan Allam Holding has agreed to acquire MetiPro, the engineering and construction arm of water management group Metito, in an undisclosed deal.
Nassef Sawiris books record Aston Villa profit as Premier League reviews asset sales
Nassef Sawiris' Aston Villa has posted a record £113.6 million profit built on asset sales to the owners' own holding company, triggering Premier League review.
Othman Benjelloun's $500m Mohammed VI Tower opens in Rabat as Morocco's tallest building
Othman Benjelloun's O Capital Group has delivered Morocco's tallest building, a 250-meter skyscraper in Rabat inaugurated by the Crown Prince.
Lo Toney: 7 companies that define his venture capital legacy
From Nike's digital halls to his own Plexo Capital, Lo Toney's career spans seven companies that define modern venture capital investing
The 7 companies driving Willie Woods' $1.3 billion private equity empire
A deep look at seven companies backing Willie Woods' 25-year mission to build the premier minority-owned private equity firm in America.
Inside Stacy Brown-Philpot's $172 million bet on the founders Silicon Valley overlooks
A look at the seven companies and board roles that define the career of tech veteran and venture capitalist Stacy Brown-Philpot.
Oriental Weavers, controlled by Egypt's wealthy Khamis family, pays $18.3 million dividend for 2025 on flat profit
Egypt's Oriental Weavers Carpets will pay EGP 997.66 million ($18.3 million) in dividends for 2025, starting May 2026, as the world's largest carpet maker held profit nearly flat on record revenue.
Tycoon Bassim Haidar's Optasia suspends airtime credit services in Nigeria as regulators bite
JSE-listed fintech Optasia has suspended airtime credit services in Nigeria after new FCCPC digital lending regulations disrupted telecom-linked credit products across the market.
Nigerian billionaire Arthur Eze's Oranto sells 75% stake in São Tomé Block 3 to Petrobras
Brazil's Petrobras has agreed to acquire a 75% operating interest in Block 3 offshore São Tomé and Príncipe from Arthur Eze's Oranto Petroleum, its latest move in a fast-expanding African exploration portfolio.
Aliko Dangote bets N500 billion on sugar as Nigeria pushes to close 1.2 million-tonne import gap
Aliko Dangote is deploying fresh capital into his sugar business after shareholders approved a N500 billion rights issue to fund an expansion targeting 600,000 metric tonnes of annual output by 2030.
Dangote refinery rushes jet fuel to Europe as IEA warns continent has six weeks of supply left
Aliko Dangote's 650,000-barrel-per-day refinery is becoming a critical source of jet fuel for Europe as the Iran war chokes off traditional Middle Eastern supply routes.
Meet Abdulfatai Yahaya Seriki Gambari, the man who bet on Nigeria's gold before anyone else was looking
Abdulfatai Yahaya Seriki Gambari started Kursi Investments in 2005 and built it into one of Nigeria's largest gold mining operations across 30 states.
Aliko Dangote makes TIME100 for the 2nd time as Tony Elumelu writes the tribute
Aliko Dangote has been named to the 2026 TIME100 list of the world's most influential people for the 2nd time, with his profile penned by Tony Elumelu — who Dangote himself profiled on the same list six years ago.
Oil tycoons Tony Elumelu, Austin Avuru, Samuel Dossou-Aworet win big as Seplat becomes first NGX stock to hit N10,000
Seplat Energy became the first stock in the history of the Nigerian Exchange to breach N10,000 per share, handing Tony Elumelu, Samuel Dossou-Aworet and Seplat's co-founders combined paper gains worth hundreds of millions of dollars.
Fidelity Bank clears N500 billion threshold as Nneka Onyeali-Ikpe steers recapitalization finish
Fidelity Bank has crossed the CBN's N500 billion capital threshold after raising N259 billion in a single-day private placement, putting its eligible capital at N564.5 billion.
Kenyan billionaire Mohamed Jaffer allegedly manufactured a national petroleum crisis to pocket millions of dolalrs
Kenyan Senate investigation has named Mombasa tycoon Mohamed Jaffer and 2 state officials in an alleged scheme to manufacture the country's worst fuel crisis in 3 years.
Malagasy billionaire Hassanein Hiridjee's AXIAN Telecom revenue hits $1.69 billion in 2025 results
AXIAN Telecom posted full-year 2025 revenue of $1.69 billion, up 20.2%, as acquisitions and mobile data growth accelerated across its African markets.
Tanzanian billionaire Rostam Aziz's Taifa Gas takes stake in Songo Songo as Orca Energy exits Tanzania
Rostam Aziz's Taifa Gas Tanzania has agreed to acquire a 49 percent stake in the Songo Songo gas field as Canada's Orca Energy exits for $10.
MTN Uganda shareholders back Charles Mbire for another term with a 99 percent vote
MTN Uganda shareholders gave Charles Mbire a 99 percent vote to continue as board chairman, while the company's share price surged to Shs470.
Kirubi family's Haco Industries weighs IPO or investor for succession
Kenya's Haco Industries is exploring either an IPO or a strategic investor as the Kirubi family plans succession, while MD Mary-Ann Musangi pushes the consumer goods maker into Ghana, Nigeria and Senegal.
Kenyan businesswoman Mary Ann Musangi’s Haco Industries to launch in Ghana by end of April
Haco Industries will begin operations in Ghana by end April through a joint venture, using a lean model that avoids building factories.
Kenya's Court of Appeal frees billionaire John Kibunga Kimani from completing Sh205 million Makuyu land sale after overturning Environment and Land Court order
Kenya's Court of Appeal has overturned an order requiring billionaire John Kibunga Kimani's Rural Development Services to complete a Sh205 million land sale in Makuyu.
Standard Chartered says Kenya's wealthy investors are moving into ESG assets and offshore markets
Kenya's high-net-worth investors are moving away from residential property into ESG assets and offshore markets, according to Standard Chartered executives speaking in Nairobi.
South African-born tycoon Gary Lubner eyes $1 billion windfall in glass repair giant Belron IPO
South African-born Gary Lubner, former Belron chief executive and major Labour donor, stands to pocket close to $1 billion if the Autoglass parent lists in Amsterdam.
Johann Rupert's Richemont converts €100 million debt to equity to prop up Belgian handbag maker Delvaux
Johann Rupert's Richemont has converted €100.6 million of debt into equity at Delvaux, the world's oldest luxury leather goods house, as the Belgian brand's Asian revenue slump drives accumulated losses toward €80 million.
Glencore and Patrice Motsepe's ARM overturn SARS diesel refund ruling on appeal
Ivan Glasenberg's Glencore and Patrice Motsepe's ARM have won a Supreme Court of Appeal ruling reversing a SARS diesel refund decision with wide implications for mining joint ventures.
Koos Bekker's Prosus sells Delivery Hero stake to Uber for $290 million under EU pressure
Naspers unit Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about $290 million, cutting its holding to comply with European Union regulatory conditions.
Strive Masiyiwa's Econet lifts Zimbabwe's dollar bourse past 132-year-old rival
Strive Masiyiwa's $1 billion Econet InfraCo listing has helped Zimbabwe's Victoria Falls Stock Exchange overtake the 132-year-old Zimbabwe Stock Exchange by market value.
Astron Energy hits 700 forecourts in South African fuel push
Ivan Glasenberg's Glencore-backed Astron Energy has hit 700 rebranded forecourts in South Africa, pushing it toward the top tier of the country's retail fuel market.
South African billionaire Patrice Motsepe's ARC wins ruling in $195m Tanzania graphite lawsuit
The Gauteng High Court has ruled that Patrice Motsepe's African Rainbow Capital cannot be sued for $195 million by US firm Pula Group over an alleged breach of a confidentiality agreement tied to a Tanzanian graphite project, handing Motsepe a significant but partial legal victory.
Koos Bekker's Naspers completes pivot from tech investor to global AI operator
Koos Bekker's Naspers has declared its transformation into a global AI operator complete, with the Toqan platform rolling out to 5 million Prosus partners.
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
Kenyan billionaire Mohamed Jaffer allegedly manufactured a national petroleum crisis to pocket millions of dolalrs
Kenyan Senate investigation has named Mombasa tycoon Mohamed Jaffer and 2 state officials in an alleged scheme to manufacture the country's worst fuel crisis in 3 years.
Algerian tycoon Mahieddine Tahkout faces fresh corruption allegations over billions in diverted funds and international money laundering
Algerian businessman Mahieddine Tahkout faces fresh corruption allegations over diverted funds and international money laundering in a widening legal case.
South African-born tycoon Gary Lubner eyes $1 billion windfall in glass repair giant Belron IPO
South African-born Gary Lubner, former Belron chief executive and major Labour donor, stands to pocket close to $1 billion if the Autoglass parent lists in Amsterdam.
Hassan Allam acquires MetiPro from Metito to build a scaled water infrastructure platform across the Middle East and Africa
Hassan Allam Holding has agreed to acquire MetiPro, the engineering and construction arm of water management group Metito, in an undisclosed deal.
African Wealth Briefing — Sat., April 18, 2026
Arthur Eze's Oranto sells 75 percent of São Tomé Block 3 to Petrobras, Glencore and Motsepe's ARM overturn a SARS diesel refund ruling, and Dangote commits N500 billion to close Nigeria's 1.2 million-tonne sugar import gap.
Tycoon Bassim Haidar's Optasia suspends airtime credit services in Nigeria as regulators bite
JSE-listed fintech Optasia has suspended airtime credit services in Nigeria after new FCCPC digital lending regulations disrupted telecom-linked credit products across the market.
Malagasy billionaire Hassanein Hiridjee's AXIAN Telecom revenue hits $1.69 billion in 2025 results
AXIAN Telecom posted full-year 2025 revenue of $1.69 billion, up 20.2%, as acquisitions and mobile data growth accelerated across its African markets.
Johann Rupert's Richemont converts €100 million debt to equity to prop up Belgian handbag maker Delvaux
Johann Rupert's Richemont has converted €100.6 million of debt into equity at Delvaux, the world's oldest luxury leather goods house, as the Belgian brand's Asian revenue slump drives accumulated losses toward €80 million.
Nigerian billionaire Arthur Eze's Oranto sells 75% stake in São Tomé Block 3 to Petrobras
Brazil's Petrobras has agreed to acquire a 75% operating interest in Block 3 offshore São Tomé and Príncipe from Arthur Eze's Oranto Petroleum, its latest move in a fast-expanding African exploration portfolio.
Glencore and Patrice Motsepe's ARM overturn SARS diesel refund ruling on appeal
Ivan Glasenberg's Glencore and Patrice Motsepe's ARM have won a Supreme Court of Appeal ruling reversing a SARS diesel refund decision with wide implications for mining joint ventures.
Aliko Dangote bets N500 billion on sugar as Nigeria pushes to close 1.2 million-tonne import gap
Aliko Dangote is deploying fresh capital into his sugar business after shareholders approved a N500 billion rights issue to fund an expansion targeting 600,000 metric tonnes of annual output by 2030.
Aliko Dangote's refinery is now helping keep European flights in the air as Strait of Hormuz crisis bites
Aliko Dangote's refinery is exporting record volumes of jet fuel to Europe, stepping into a supply crisis triggered by the effective closure of the Strait of Hormuz.
Dangote refinery rushes jet fuel to Europe as IEA warns continent has six weeks of supply left
Aliko Dangote's 650,000-barrel-per-day refinery is becoming a critical source of jet fuel for Europe as the Iran war chokes off traditional Middle Eastern supply routes.
Koos Bekker's Prosus sells Delivery Hero stake to Uber for $290 million under EU pressure
Naspers unit Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about $290 million, cutting its holding to comply with European Union regulatory conditions.
African Wealth Briefing — Fri., April 17, 2026
Forbes counts 27 Black billionaires worth $121 billion combined and we profile the five youngest.
Australian mining billionaire Andrew Forrest battles Meta in court over fake ads
Andrew Forrest is pushing a US federal court to strip Meta of its legal immunity over fake cryptocurrency ads that used his likeness, alleging the tech giant destroyed nearly 30,000 pieces of key evidence.
