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Congo-Brazzaville raises $850 million in landmark bond market return
The Republic of Congo raised $850 million in a 10-year international bond at 9.5% coupon, with demand exceeding $1.6 billion from nearly 80 international investors.
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Congo-Brazzaville raises $850 million in landmark bond market return
The Republic of Congo raised $850 million in a 10-year international bond at 9.5% coupon, with demand exceeding $1.6 billion from nearly 80 international investors.
Abderrahmane Benhamadi heard a Simon and Garfunkel song and named the company that became Algeria's largest private corporation after it
Abderrahmane Benhamadi named his company after a Simon and Garfunkel song. That company is now Algeria's largest private corporation, with over $1 billion in annual revenue.
South African billionaire Johann Rupert's Richemont just pushed Walmart out of the number two spot in North America's jewelry market
Johann Rupert's Richemont has displaced Walmart to rank second among North America's largest jewelry retailers, posting $3.62 billion in watch and jewelry sales from just 105 locations in 2025.
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Executive Insight: Robert F. Smith’s Abu Dhabi Office and the Emerging Gulf Axis for African Capital — What Vista’s ADGM Authorization Tells Foreign Investors About the New Architecture of Continental Capital Flows
Robert F. Smith's Vista Equity Partners has opened its first Middle East office in Abu Dhabi. The most consequential confirmation yet of the new architecture of African and emerging-market capital flows.
Investor Memo: AngloGold Ashanti’s $50 Billion Crossover and How to Size the Mining-Anchored Apex of African Listed Equity
AngloGold Ashanti has dethroned Naspers as Africa's most valuable listed company. The first apex change in years requires immediate reframing of how Elite subscribers size African equity allocations.
The Inside Story: Kenny Fihla’s Bet — What Absa’s Rothschild, Standard Bank and Deutsche Bank Hiring Spree Tells Us About the South African Push to Become Africa’s Deal Bank
Kenny Fihla has raided Rothschild, Standard Bank, and Deutsche Bank to rebuild Absa's senior bench. What the most aggressive hiring spree in African banking tells us about the South African push for deal leadership.
Abderrahmane Benhamadi heard a Simon and Garfunkel song and named the company that became Algeria's largest private corporation after it
Abderrahmane Benhamadi named his company after a Simon and Garfunkel song. That company is now Algeria's largest private corporation, with over $1 billion in annual revenue.
Nassef Sawiris bought Aston Villa for £30 million. It is now worth over £1 billion and has a European trophy.
Nassef Sawiris bought Aston Villa for £30 million in 2018 when the club was near collapse. Seven years later it has a European trophy and a valuation above £1 billion.
Mohamed Laid Benamor inherited his father's tomato cannery in 1984 and turned it into Algeria's biggest food empire
Mohamed Laid Benamor inherited a tomato cannery in northeastern Algeria. Two decades later, his group generates over $250 million a year and feeds a nation.
Morocco's Al Mada Ventures leads $8 million Checker round to scale stablecoin infrastructure across Africa
Morocco's Al Mada Ventures has led an $8 million round in Checker to scale stablecoin liquidity infrastructure for African banks and neobanks.
Moroccan billionaire Said Alj's Sanam Holding is pivoting from seafood into food processing and beauty ingredients
Morocco's Sanam Holding, chaired by Said Alj, is reshaping its investment portfolio around food processing and beauty ingredients as it moves beyond its seafood roots.
Billionaire Hisham Talaat Moustafa is rebuilding the century-old golf course at the foot of the Pyramids with the world's top course designer
Hisham Talaat Moustafa's Legacy Hotels signed a deal with Robert Trent Jones II to redevelop the historic Mena House golf course in Giza, which overlooks the Pyramids of Giza.
Abdelmadjid Kerrar was trading with China in the 1960s. Today his pharmaceutical company is Algeria's largest
Abdelmadjid Kerrar was building factories and trading with China before most Algerians thought about Asia. Then he built the country's biggest pharma company.
King Mohammed VI is Africa's richest monarch and the man quietly building Morocco into a global industrial power
King Mohammed VI is Africa's wealthiest monarch. Through Al Mada, he controls a sprawling empire stretching from Casablanca's biggest bank to EV battery plants.
Congo-Brazzaville raises $850 million in landmark bond market return
The Republic of Congo raised $850 million in a 10-year international bond at 9.5% coupon, with demand exceeding $1.6 billion from nearly 80 international investors.
Taiwo Afolabi urges African firms to build global-scale corporations that outlast their founders
SIFAX chairman Taiwo Afolabi told the Africa CEO Forum in Kigali that the continent must build large corporations strong enough to outlast their founders.
Aigboje Aig-Imoukhuede calls Africa's risk premium a 'tax on development'
Access Holdings chairman Aigboje Aig-Imoukhuede told the Africa Forward Summit in Nairobi the continent's growth now depends on cutting its punitive cost of capital.
Nigerian billionaire Femi Otedola will invest $100 million in Dangote Refinery
Nigerian billionaire Femi Otedola announced a $100 million investment in the Dangote refinery during a high-profile executive visit to the Lagos facility on Wednesday.
Africa's richest man hosts billionaire Femi Otedola and First HoldCo executives at his Lekki refinery
Aliko Dangote hosted Femi Otedola and First HoldCo executives at the Dangote Petroleum Refinery in Lekki on Wednesday, with both sides framing the visit as a signal of African industrial alignment.
Africa's richest man plans to double his refinery and invest $45 billion more as he targets a $200 billion group valuation
Aliko Dangote told the CEO of Norway's sovereign wealth fund he plans to invest $45 billion more and double his refinery capacity to 1.4 million barrels per day within 30 months.
Aliko Dangote activates Olokola Deep Sea Port plan as Vision 2030 push accelerates across Ogun and Ondo
Aliko Dangote's group has begun work on the Olokola Deep Sea Port, a 10,000-hectare export hub across Ogun and Ondo states under Vision 2030.
How Nigerian businessman Arthur Eze's Atlas Oranto lost oil licenses across 4 African countries
Nigerian tycoon Arthur Eze's Atlas Oranto has lost oil blocks in 4 African countries as governments crack down on dormant licenses.
Tanzanian billionaire Edha Nahdi tells African businesses to stop waiting for foreign donors and start funding the continent themselves
Amsons Group CEO Edha Nahdi told the Africa CEO Forum in Kigali that African businesses must stop depending on foreign donors and take ownership of the continent's development financing.
Kenyan banker James Mwangi eyes bank acquisitions along the Lobito Corridor for Equity Group
Equity Group CEO James Mwangi told Reuters the bank is targeting acquisitions in Angola, Zambia and Mozambique as it follows the Lobito Corridor trade route south.
Uganda's richest man, Sudhir Ruparelia, was exiled from Uganda at 16 with nothing. He came back and bought a quarter of Kampala
Sudhir Ruparelia was expelled from Uganda at 16 with nothing, worked in UK factories to survive, then returned in 1985 with $25,000 and built the country's largest business empire worth $1.2 billion.
Japan's Asahi clears East African regulators for 2.3 billion dollar EABL takeover, secures exemption from mandatory minority offer
Japan's Asahi Group Holdings has won capital-markets clearance in Kenya, Tanzania and Uganda for its $2.3 billion takeover of East African Breweries from Diageo.
Somali tycoon Amina Moghe Hersi's Atiak Sugar Factory has eaten $204 million and produced nothing in years. Uganda is demanding answers.
Uganda's parliament is demanding answers after Amina Moghe Hersi's Atiak Sugar Factory consumed $204 million in public and private funds without producing sugar in years.
Gideon Muriuki's Co-op Bank posts best-ever quarter and says its South Sudan bet is finally paying off
Co-op Bank posted a record first-quarter profit of Ksh11.37 billion and confirmed its South Sudan subsidiary turned a quarterly profit for the first time.
WPP Scangroup appoints new directors days after Bharat Thakrar demands board overhaul
WPP Scangroup appointed three new non-executive directors just days after Bharat Thakrar filed a formal demand for a special general meeting to remove the entire board.
Rwandan President Paul Kagame tells 2,800 business leaders Africa is rich in everything except leverage and must learn to say no
Paul Kagame opened the Africa CEO Forum in Kigali by attacking minerals coercion and telling 2,800 business leaders Africa must stop waiting to be ripped off.
South African billionaire Johann Rupert's Richemont just pushed Walmart out of the number two spot in North America's jewelry market
Johann Rupert's Richemont has displaced Walmart to rank second among North America's largest jewelry retailers, posting $3.62 billion in watch and jewelry sales from just 105 locations in 2025.
How Malawi billionaire Thom Mpinganjira went from a 9-year sentence for corruption to a presidential pardon
FDH Bank founder Thom Mpinganjira was convicted and jailed for attempting to bribe judges in Malawi's disputed 2019 election, then pardoned by President Chakwera four years later.
Tycoon Robert Gumede says South Africa's sugar industry must pivot to ethanol and electricity or risk becoming irrelevant
Robert Gumede told Business Day that South Africa's sugar industry is too narrowly focused on table sugar and must pivot to ethanol and electricity to survive global competition.
South Africa's Dis-Chem faces nationwide boycott calls after heir Mark Saltzman clashes with journalist over Palestine
Dis-Chem faces growing boycott calls after shareholder Mark Saltzman clashed with journalist Redi Tlhabi on social media over Palestine posts, drawing public anger at the pharmacy chain.
South African billionaire Koos Bekker built a £1,000-a-night nature paradise in Somerset. Now it is under fire for using weedkiller
Koos Bekker's luxury Somerset eco-resort charges up to £1,000 a night and markets itself on its gardens and nature ethos. Critics say it is using weedkiller on its grounds.
Billionaire Patrice Motsepe's GoTyme Bank eyes $15 billion listing as customer count surpasses 21 million
Patrice Motsepe's GoTyme Bank is eyeing a $15 billion stock market listing as it crosses 21 million customers across South Africa and the Philippines.
Indian billionaire Ravi Jaipuria's Varun Beverages opens $40 million manufacturing complex in Zimbabwe
Indian billionaire Ravi Jaipuria has opened a $40 million manufacturing complex in Zimbabwe, signaling an aggressive African push by Varun Beverages.
South African tycoon Robert Gumede takes on Transnet in rail tender court fight
Businessman Robert Gumede has launched a court challenge against Transnet over a rail tender accused of favouring foreign suppliers.
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.
Somali tycoon Amina Moghe Hersi's Atiak Sugar Factory has eaten $204 million and produced nothing in years. Uganda is demanding answers.
Uganda's parliament is demanding answers after Amina Moghe Hersi's Atiak Sugar Factory consumed $204 million in public and private funds without producing sugar in years.
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.
Latest Posts
Congo-Brazzaville raises $850 million in landmark bond market return
The Republic of Congo raised $850 million in a 10-year international bond at 9.5% coupon, with demand exceeding $1.6 billion from nearly 80 international investors.
Abderrahmane Benhamadi heard a Simon and Garfunkel song and named the company that became Algeria's largest private corporation after it
Abderrahmane Benhamadi named his company after a Simon and Garfunkel song. That company is now Algeria's largest private corporation, with over $1 billion in annual revenue.
South African billionaire Johann Rupert's Richemont just pushed Walmart out of the number two spot in North America's jewelry market
Johann Rupert's Richemont has displaced Walmart to rank second among North America's largest jewelry retailers, posting $3.62 billion in watch and jewelry sales from just 105 locations in 2025.
Aliko Dangote sets September IPO launch for $50 billion refinery as pre-orders near $2 billion
Aliko Dangote told reporters at the Lekki refinery the IPO will launch in September with private placement requests already approaching $2 billion.
Taiwo Afolabi urges African firms to build global-scale corporations that outlast their founders
SIFAX chairman Taiwo Afolabi told the Africa CEO Forum in Kigali that the continent must build large corporations strong enough to outlast their founders.
Aigboje Aig-Imoukhuede calls Africa's risk premium a 'tax on development'
Access Holdings chairman Aigboje Aig-Imoukhuede told the Africa Forward Summit in Nairobi the continent's growth now depends on cutting its punitive cost of capital.
Nassef Sawiris bought Aston Villa for £30 million. It is now worth over £1 billion and has a European trophy.
Nassef Sawiris bought Aston Villa for £30 million in 2018 when the club was near collapse. Seven years later it has a European trophy and a valuation above £1 billion.
Nigerian billionaire Gilbert Chagoury's Hitech just won the mining rights for the coastal highway it is already building
Lagos approved dedicated mining sites for Hitech, the Chagoury-owned contractor on Nigeria's $10 billion Lagos-Calabar Coastal Highway, letting it supply its own raw materials.
African Wealth Briefing — Thurs., May 21, 2026
Aliko Dangote says Africa's industrial future depends on fixing electricity first; Patrice Motsepe calls for more local mineral processing; Strive Masiyiwa says Africa must build global companies from home.
Nigerian billionaire Femi Otedola will invest $100 million in Dangote Refinery
Nigerian billionaire Femi Otedola announced a $100 million investment in the Dangote refinery during a high-profile executive visit to the Lagos facility on Wednesday.
African Wealth Briefing — Wed., May 20, 2026
James Mwangi eyes Equity Group bank acquisitions along the Lobito Corridor; Japan's Asahi clears regulators for the $2.3 billion EABL takeover with mandatory minority offer exemption; Wale Tinubu and Edha Nahdi call for Africa to fund its own future.
Africa's richest man hosts billionaire Femi Otedola and First HoldCo executives at his Lekki refinery
Aliko Dangote hosted Femi Otedola and First HoldCo executives at the Dangote Petroleum Refinery in Lekki on Wednesday, with both sides framing the visit as a signal of African industrial alignment.
Africa's richest man plans to double his refinery and invest $45 billion more as he targets a $200 billion group valuation
Aliko Dangote told the CEO of Norway's sovereign wealth fund he plans to invest $45 billion more and double his refinery capacity to 1.4 million barrels per day within 30 months.
Mohamed Laid Benamor inherited his father's tomato cannery in 1984 and turned it into Algeria's biggest food empire
Mohamed Laid Benamor inherited a tomato cannery in northeastern Algeria. Two decades later, his group generates over $250 million a year and feeds a nation.
Egypt seized his father's business. Youssef Mansour built it back into a $1.4 billion empire
Youssef Mansour rebuilt his family's seized cotton business into a $1.4 billion empire spanning Caterpillar equipment, Metro supermarkets and GM dealerships across Africa.
Air Peace's Allen Onyema says Nigerian airlines are bleeding $15 million a year to bird strikes
Allen Onyema says Nigerian airlines lose at least N20 billion annually to bird strikes, with Air Peace recording 49 incidents in just nine months last year.
