Featured
Three brothers, one dynasty: Inside the Sawiris family's $16.6 billion African empire
Egypt's Sawiris brothers have built a $16.6 billion empire spanning fertilizers, telecom, luxury tourism and Premier League football across three continents.
Editors' Picks
Three brothers, one dynasty: Inside the Sawiris family's $16.6 billion African empire
Egypt's Sawiris brothers have built a $16.6 billion empire spanning fertilizers, telecom, luxury tourism and Premier League football across three continents.
Johann Rupert loses $77 million valuation battle over his Leopard Creek luxury golf estate
A tribunal confirmed the $77 million municipal valuation of Johann Rupert's Leopard Creek estate, handing Nkomazi Municipality a sweeping legal victory
Jay-Z's cannabis bet collapsed while the rest of his billion-dollar empire kept growing
Jay-Z built a billion-dollar empire on music, liquor and smart exits. His cannabis bet was the rare chapter that did not go to plan.
Exclusive Content For Paid Supporters
Investor Memo: $126.7 Billion at the Peak — What Forbes Doesn’t Tell You
Forbes says Africa's 23 billionaires are worth a record $126.7 billion — but the list was frozen on March 1, the day before the war began, and sixteen days later, those fortunes are splitting fast.
Wealth Intelligence: Motsepe and the Gold War Windfall
Gold past $5,400, platinum surging, ARM's profit swinging from a R409 million loss to R1.9 billion — inside the war windfall quietly compounding Patrice Motsepe's fortune.
Patrice Motsepe is set to pocket $24.6 million African Rainbow Minerals interim dividend
African Rainbow Minerals raised its interim dividend to 500 cents per share, putting R455 million into Patrice Motsepe's pocket.
IFC plans $40 million bet on Egyptian billionaire Naguib Sawiris’ Nile Sugar desert project
The IFC is considering a $40 million loan to Nile Sugar Company, owned by Naguib Sawiris, to expand sugar beet farming in Upper Egypt.
Hassan Allam's Egyptian construction giant powers up one of the world's largest solar parks with Chinese tech deal
Hassan Allam Holding has partnered with Sineng Electric to supply 249MW of central inverters to Egypt's 1.65GW Benban Solar Park in Aswan.
Billionaire Naguib Sawiris says Iran's attacks on the UAE are a war against freedom and progress
Egyptian billionaire Naguib Sawiris says Iran's attacks on the UAE go beyond military strikes and target freedom and a way of life.
Chakib Alj files to take control of Forafric Maroc in deal that reshapes Morocco's flour industry
Chakib Alj's Cap Holding has formally notified Morocco's Competition Council of its plan to acquire 68% of flour and pasta producer Forafric Maroc.
Adidas nominates $9.3 billion Egyptian mogul Nassef Sawiris as its next chairman
Nassef Sawiris, worth $9.3 billion and already a major Adidas shareholder, is set to become the sportswear giant's next chairman.
Billionaire Moulay Elalamy's Saham Group moves to deepen its stake in teleperformance with a $412m equity swap
Saham Group has executed a $412 million equity swap to boost its position in Teleperformance, the global customer services company it helped build.
Adidas taps billionaire Nassef Sawiris as chair
Adidas is replacing its embattled chairman with Egyptian billionaire Nassef Sawiris and keeping CEO Bjorn Gulden locked in through 2030.
Egyptian billionaire Nassef Sawiris steps down as OCI Global executive chair
Nassef Sawiris, Egypt's richest man, is leaving OCI Global's top seat, citing other professional commitments, effective at the next AGM.
Gilbert Chagoury's ITB wins MSC's Lagos port build as two private dynasties unite on a $1 billion Snake Island bet
Gilbert Chagoury's ITB Nigeria has won the construction contract on Diego Aponte's MSC Snake Island port deal, uniting two of the world's most secretive business dynasties on a $1 billion Lagos bet.
President Tinubu taps GTBank co-founder Fola Adeola to lead a new petroleum sector reform taskforce in Nigeria
President Tinubu has appointed GTBank co-founder Fola Adeola to chair a new presidential taskforce on petroleum sector reform.
Two of Burkina Faso's richest men are at war over TotalEnergies' former assets
Burkina Faso's two most powerful businessmen are fighting over TotalEnergies' former 170-station fuel network, according to Africa Intelligence.
Aliko Dangote's refinery takes control of Nigeria's $10.3B fuel market as government suspends petrol imports
Nigeria suspended petrol import licences for a second straight month, handing Dangote Refinery control of 92% of the country's fuel supply
Nigerian businessman Kestin Pondi hands out $570,000 in business grants to 80 entrepreneurs
Tantita Security Services MD Kestin Pondi handed N800 million in business grants to 80 Nigerian entrepreneurs in Delta State on Monday.
Ghanaian tycoon Ibrahim Mahama may take over McDan Aviation's private jet terminal at Kotoka International Airport
Government sources say McDan Aviation's private jet terminal at Kotoka International Airport could be reassigned to Ibrahim Mahama.
The Lundin family's $12.9 million bet on an Ivory Coast gold mine is now worth $739 million
The Lundin family invested $12.9 million in Montage Gold in 2024. Two years later, their stake is worth nearly $739 million.
Anthony Joshua relocates to Dubai as his £150 million business empire files formal change of residence
Anthony Joshua has formally relocated to Dubai, filing a change of residence across his £150 million business empire despite ongoing Iranian drone strikes on the UAE.
10 businesses owned by Tanzanian billionaire Rostam Aziz
Rostam Aziz just bought Nation Media Group from the Aga Khan. Here is every company the Tanzanian billionaire owns in 2026.
Mary-Ann Musangi’s HACO Industries wins circular economy leader at Kenya ESG Awards
HACO Industries Kenya has been named a Circular Economy Leader at the Kenya ESG Awards, recognising the manufacturer's push to embed sustainability across its operations.
Tanzanian billionaire Rostam Aziz acquires Kenya's Nation Media Group from Aga Khan
Tanzanian billionaire Rostam Azizi has bought the Aga Khan Fund's controlling stake in Nation Media Group, ending a 66-year era.
Madagascar's most powerful businessman is now in a Mauritius jail facing a third international arrest warrant
Madagascar's anti-corruption court has issued a third international arrest warrant against tycoon Mamy Ravatomanga, adding a mining scandal to his growing legal troubles.
Meet Esther Muchemi, M-Pesa's first agent who became a multimillionaire
When M-Pesa launched on March 6, 2007, Esther Muchemi held agent number 0001. She had no idea what was coming.
Kenyan beer tycoon Ngugi Kiuna wins $11.4 million guarantee in Heineken battle
A Nairobi court has ordered Heineken to post a Sh1.47 billion bank guarantee before it can appeal the Sh1.8 billion award to Ngugi Kiuna.
Kenyan court issues arrest warrant for cement mogul Benson Ndeta over $35 million Absa Bank fraud
A Nairobi magistrate has issued arrest warrants for Benson Ndeta and his co-accused after they failed to appear on Sh4.5 billion fraud charges.
Malagasy tycoon Hassanein Hiridjee's AXIAN Telecom partners with AST SpaceMobile for satellite broadband in Africa
AXIAN Telecom and AST SpaceMobile have teamed up to deliver satellite broadband directly to standard smartphones across Africa's most underserved communities.
Simon Rudland says extortion plot and AI-generated smear campaign falsely linked him to Zimbabwe coup plot
Gold Leaf Tobacco co-owner Simon Rudland says an alleged extortion attempt has driven a fabricated social media campaign falsely linking him to a Zimbabwe coup plot.
MTN lifts dividend 45% after profits rebound on Nigeria, Ghana growth
MTN Group raised its annual dividend 45% to R5 per share after a sharp earnings rebound driven by Nigeria, Ghana and rising data demand.
Johann Rupert loses $77 million valuation battle over his Leopard Creek luxury golf estate
A tribunal confirmed the $77 million municipal valuation of Johann Rupert's Leopard Creek estate, handing Nkomazi Municipality a sweeping legal victory
Panagiotis Halamandaris holds a R281 million stake in Famous Brands, the fast food empire his family helped build from a single Steers restaurant
Panagiotis Halamandaris holds 5,728,955 Famous Brands shares worth R281 million, a legacy stake in the company his family co-founded.
Elon Musk's Tesla cleared to sell electricity to British homes and businesses
Tesla has been granted a licence to supply electricity to homes and businesses across Britain, marking Elon Musk's entry into the UK energy market.
Billionaire Zak Calisto's Karooooo crosses two million subscribers in South Africa with Cartrack
Cartrack has crossed two million active subscribers in South Africa, a milestone for billionaire Zak Calisto's global tracking giant.
Tycoon Salimo Abdula challenges young Mozambican entrepreneurs to trust themselves and keep going
Salimo Abdula told young entrepreneurs at the Nexus One launch that self-belief, relationships and persistence are non-negotiable.
Elon Musk eyes $1 trillion fortune as Forbes names him richest person in history
Forbes named Elon Musk the richest person in history at $839 billion, and analysts say the world's first trillionaire milestone could arrive this year.
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
Simon Rudland says extortion plot and AI-generated smear campaign falsely linked him to Zimbabwe coup plot
Gold Leaf Tobacco co-owner Simon Rudland says an alleged extortion attempt has driven a fabricated social media campaign falsely linking him to a Zimbabwe coup plot.
MTN lifts dividend 45% after profits rebound on Nigeria, Ghana growth
MTN Group raised its annual dividend 45% to R5 per share after a sharp earnings rebound driven by Nigeria, Ghana and rising data demand.
Three brothers, one dynasty: Inside the Sawiris family's $16.6 billion African empire
Egypt's Sawiris brothers have built a $16.6 billion empire spanning fertilizers, telecom, luxury tourism and Premier League football across three continents.
Johann Rupert loses $77 million valuation battle over his Leopard Creek luxury golf estate
A tribunal confirmed the $77 million municipal valuation of Johann Rupert's Leopard Creek estate, handing Nkomazi Municipality a sweeping legal victory
Tyler Perry sells his stake in BET+ as Paramount shuts down the streaming service and merges it with Paramount+
Tyler Perry has sold his 25% ownership stake in BET+ to Paramount Skydance, which is shutting down the streamer and merging it with Paramount+.
Investor Memo: $126.7 Billion at the Peak — What Forbes Doesn’t Tell You
Forbes says Africa's 23 billionaires are worth a record $126.7 billion — but the list was frozen on March 1, the day before the war began, and sixteen days later, those fortunes are splitting fast.
Wealth Intelligence: Motsepe and the Gold War Windfall
Gold past $5,400, platinum surging, ARM's profit swinging from a R409 million loss to R1.9 billion — inside the war windfall quietly compounding Patrice Motsepe's fortune.
Gilbert Chagoury's ITB wins MSC's Lagos port build as two private dynasties unite on a $1 billion Snake Island bet
Gilbert Chagoury's ITB Nigeria has won the construction contract on Diego Aponte's MSC Snake Island port deal, uniting two of the world's most secretive business dynasties on a $1 billion Lagos bet.
BUA Cement leads a massive N649bn surge on Nigerian Exchange
Under the visionary leadership of Abdul Samad Rabiu, BUA Cement has triggered a massive recovery on the Nigerian stock market, adding 649 billion naira to investor wealth.
Taiwo Afolabi unites SIFAX and Nigerian Navy to secure trade
Nigerian shipping magnate Taiwo Afolabi is partnering SIFAX Group with the Nigerian Navy to secure the country's critical maritime corridors and blue economy.
Jay-Z's cannabis bet collapsed while the rest of his billion-dollar empire kept growing
Jay-Z built a billion-dollar empire on music, liquor and smart exits. His cannabis bet was the rare chapter that did not go to plan.
Panagiotis Halamandaris holds a R281 million stake in Famous Brands, the fast food empire his family helped build from a single Steers restaurant
Panagiotis Halamandaris holds 5,728,955 Famous Brands shares worth R281 million, a legacy stake in the company his family co-founded.
President Tinubu taps GTBank co-founder Fola Adeola to lead a new petroleum sector reform taskforce in Nigeria
President Tinubu has appointed GTBank co-founder Fola Adeola to chair a new presidential taskforce on petroleum sector reform.
Two of Burkina Faso's richest men are at war over TotalEnergies' former assets
Burkina Faso's two most powerful businessmen are fighting over TotalEnergies' former 170-station fuel network, according to Africa Intelligence.
Elon Musk's Tesla cleared to sell electricity to British homes and businesses
Tesla has been granted a licence to supply electricity to homes and businesses across Britain, marking Elon Musk's entry into the UK energy market.
Billionaire Zak Calisto's Karooooo crosses two million subscribers in South Africa with Cartrack
Cartrack has crossed two million active subscribers in South Africa, a milestone for billionaire Zak Calisto's global tracking giant.