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The 5 youngest Black billionaires in the world
Forbes counted 27 Black billionaires in 2026. Here are the 5 youngest on the list, led by Rihanna at 38 and LeBron James at 41.
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Aliko Dangote's refinery just made Nigeria a net petrol exporter for the first time ever
Aliko Dangote's refinery exported 44,000 barrels of petrol per day in March 2026, making Nigeria a net petrol exporter for the first time in its history.
Rihanna, world's youngest Black billionaire, becomes first woman of color to win the Edison Achievement Award
Rihanna has been named the 2026 Edison Achievement Award winner, becoming the first woman of color to receive the honor in the award's nearly 40-year history.
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.
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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.
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.
How Lindsay Lee spotted AppLovin before it was worth $130 billion and what he backed next
Lindsay Lee led early bets on AppLovin and Guardant Health before founding Authentic Ventures. Here are the businesses across his portfolio.
Morocco tycoon Chakib Alj warns Middle East war is hitting supply chains
Morocco’s top business lobby says rising costs, port congestion and shipping delays are squeezing companies as the Middle East war disrupts trade.
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.
Nigerian billionaire Femi Otedola's memoir 'Making It Big' wins Business Book Gold at the 2026 Axiom Awards
Femi Otedola announced on X that his memoir Making It Big: Lessons from a Life in Business has won the Business Book Gold medal at the 2026 Axiom Business
Aliko Dangote lines up advisers for pan-African IPO of his $20 billion refinery
Aliko Dangote has appointed three financial advisers for a pan-African IPO of Dangote Petroleum Refinery, targeting listings across multiple African exchanges.
Taiwo Afolabi appoints son LAX as executive director of SIFAX Logistics on the singer's 33rd birthday
Nigerian singer LAX has been appointed executive director of SIFAX Logistics, joining his father Taiwo Afolabi's group on his 33rd birthday.
Kate Fotso, Cameroon's richest woman, is building a $28.3 million brewery in Souza to diversify beyond cocoa
Kate Fotso, Cameroon's richest woman and the CEO of Telcar Cocoa, is investing 17 billion FCFA ($28.3 million) in a new beverage plant in Souza in the Littoral region, her biggest push yet beyond her cocoa empire.
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.
Tanzanian billionaire Abubakar Bakhresa inducted into the 2026 Milling Hall of Fame as Bakhresa Group's daily milling capacity reaches 8,560 tonnes
Abubakar Bakhresa, an executive director of the Bakhresa Group, has been named to the FlourWorld Museum's 2026 Milling Hall of Fame for his role in expanding East Africa's largest milling operation to 8,560 tonnes of daily capacity.
9 companies owned by Ethiopian billionaire Belayneh Kindie
Ethiopian billionaire Belayneh Kindie controls a sprawling empire of companies across agriculture, manufacturing, transport and hospitality.
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.
Elon Musk's Starlink faces a $11.57 billion challenge as Amazon buys Globalstar
Elon Musk's Starlink has long led the satellite internet race. Amazon's $11.57 billion Globalstar acquisition signals the gap is about to get smaller.
Strive Masiyiwa unveils $1 billion Econet Tech City to drive Zimbabwe industrialization
Strive Masiyiwa has unveiled plans for Econet Tech City, a $1 billion industrial hub on an 800-acre site near Harare's main airport. Body
Elon Musk alleges bribery in South Africa as Starlink fight over telecom rules intensifies
Elon Musk has alleged bribery and race-based discrimination in South Africa's telecom rules, saying Starlink has been unable to secure a license to operate.
Ghanaian tycoon Joseph Siaw Agyepong's Zoomlion seals waste management deal with Zimbabwe's Geo Pomona
Zoomlion Ghana and Zimbabwe's Geo Pomona have signed a memorandum of understanding to share waste management technology and improve sanitation across Zimbabwe.
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
The 5 youngest Black billionaires in the world
Forbes counted 27 Black billionaires in 2026. Here are the 5 youngest on the list, led by Rihanna at 38 and LeBron James at 41.
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.
African Wealth Briefing — Thurs., April 16, 2026
Dangote makes TIME100 with Elumelu writing the tribute.
Aliko Dangote's refinery just made Nigeria a net petrol exporter for the first time ever
Aliko Dangote's refinery exported 44,000 barrels of petrol per day in March 2026, making Nigeria a net petrol exporter for the first time in its history.
Rihanna, world's youngest Black billionaire, becomes first woman of color to win the Edison Achievement Award
Rihanna has been named the 2026 Edison Achievement Award winner, becoming the first woman of color to receive the honor in the award's nearly 40-year history.
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.
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.
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.
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.
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.
Nigeria's Sade Adu and Fela Kuti make history as the first Africans in the Rock and Roll Hall of Fame
Nigerian-born Sade and Afrobeat legend Fela Kuti have made history as the first African artists inducted into the Rock and Roll Hall of Fame.
Allen Onyema's Air Peace plans first international flights from Nigeria's new Gateway International Airport
Allen Onyema has announced Air Peace will launch direct London flights from Ogun State's Gateway International Airport this summer using its Boeing 777 fleet.
Elon Musk's Starlink faces a $11.57 billion challenge as Amazon buys Globalstar
Elon Musk's Starlink has long led the satellite internet race. Amazon's $11.57 billion Globalstar acquisition signals the gap is about to get smaller.
Aliko Dangote wants $100 billion by 2030 and he's betting $40 billion to get there
Aliko Dangote is targeting $100 billion in revenue by 2030 with a $40 billion push into gas, mining, power and data centers across Africa.
