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Pan-African billionaire Benedict Peters sends 3 sensor-equipped aircraft to Madagascar to map the island's untapped mineral wealth under a deal with the country's government
Pan-African billionaire Benedict Peters is deploying 3 sensor-equipped aircraft to map Madagascar's mineral resources for free under a government deal signed in December 2025.
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Nigerian oil heirs Ameena and Zara Indimi accuse Stanbic IBTC of foul play in $30 million Oriental Energy judgment fight
Twin sisters Ameena and Zara Indimi are accusing Stanbic IBTC of failing to freeze $30 million in Oriental Energy accounts, raising contempt of court allegations against multiple Nigerian banks.
VistaJet moves to repossess Indian billionaire Anil Ambani's Bombardier jets
VistaJet has invoked international treaty law to recover 2 Bombardier Global 5000 jets from Anil Ambani's Reliance Transport unit, which denies any payment default.
Pan-African billionaire Benedict Peters sends 3 sensor-equipped aircraft to Madagascar to map the island's untapped mineral wealth under a deal with the country's government
Pan-African billionaire Benedict Peters is deploying 3 sensor-equipped aircraft to map Madagascar's mineral resources for free under a government deal signed in December 2025.
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Exclusive Briefing: Where Does $17 Billion Go? The Kirsh Repatriation Question and What It Means for Southern African Capital Markets
Nathan Kirsh is about to become the most liquid billionaire Africa has ever produced. The $29.1 billion Sysco deal will generate approximately $17 billion in personal proceeds — and the question every private bank in southern Africa is asking is where it goes.
The Capital Markets Moment: How Nigeria’s FTSE Upgrade, the Dangote IPO, and Seplat’s N10,000 Are Reshaping African Equity Markets
The FTSE upgrade, the Dangote IPO, Seplat's N10,000 milestone, and a $4.61 trillion banking recapitalization all landed in the same month — we map how the infrastructure being built now will outlast any single listing.
Investor Memo: The Hormuz Dividend — How the Iran War Is Repricing Every African Upstream Asset in Real Time
Four major African upstream transactions in two weeks — Oando raising $750 million, NNPC doubling Dangote's crude supply, Seplat making NGX history at N10,000, and Petrobras entering the Gulf of Guinea through Arthur Eze's Oranto — all driven by a single cause: the Iran war has repriced African oil.
Egyptian billionaire Samih Sawiris teams up with Emirati investors to deploy $235 million into a coastal tourism megaproject in Morocco's Essaouira
Egyptian billionaire Samih Sawiris has joined UAE-based Al Nowais Investments and Egypt's Sunrise Group to deploy $235 million into a coastal tourism project in Essaouira, Morocco.
Egyptian billionaire Hisham Talaat Moustafa's TMG unveils a $27 billion AI-powered city in east Cairo with underground roads and 165 towers
Egypt's Talaat Moustafa Group has unveiled The Spine, a $27 billion mixed-use city east of Cairo billed as the first AI-powered cognitive city in the Middle East.
Egypt's richest man Nassef Sawiris lifts Orascom Construction stake to 43.39%
Nassef Sawiris has increased his total stake in Orascom Construction to 43.39% after his NNS City family office acquired approximately 1.13 million additional shares in the company.
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
Nigerian oil heirs Ameena and Zara Indimi accuse Stanbic IBTC of foul play in $30 million Oriental Energy judgment fight
Twin sisters Ameena and Zara Indimi are accusing Stanbic IBTC of failing to freeze $30 million in Oriental Energy accounts, raising contempt of court allegations against multiple Nigerian banks.
Pan-African billionaire Benedict Peters sends 3 sensor-equipped aircraft to Madagascar to map the island's untapped mineral wealth under a deal with the country's government
Pan-African billionaire Benedict Peters is deploying 3 sensor-equipped aircraft to map Madagascar's mineral resources for free under a government deal signed in December 2025.
FirstHoldCo storms ahead of rivals, surging 32% in a month to become Nigeria's best-performing tier-one bank stock ahead of Q1 results
FirstHoldCo has rallied 32% in the past month to become the best-performing tier-one bank stock on Nigeria's exchange, outpacing GTCO, Zenith Bank, Access Holdings and UBA.
Ernest Obiejesi loses again as Court lifts EFCC shield on firms linked to Nestoil Group, clearing the way for a probe into a $1 billion debt dispute
A Nigerian court has vacated injunctions protecting Amaranta Oil and Jonescreek Hydrocarbon from EFCC scrutiny in a $1 billion Nestoil Group debt dispute.
Africa's richest man is pushing his $20 billion refinery into high-margin chemicals, betting on polypropylene and detergent ingredients
Aliko Dangote is expanding his Lagos refinery into high-margin chemicals including polypropylene, fertiliser and detergent ingredients as he targets 1.4 million barrels per day.
Aliko Dangote's refinery fights crude squeeze as Nigeria ships out 55.39 million barrels
Nigeria exported 55.39 million barrels of crude in January and February while Aliko Dangote's 650,000-barrel-a-day refinery scrambled to close a feedstock shortfall.
Nigerian billionaire Mike Adenuga turns 73: Inside the quiet legacy of Globacom's founder
Nigerian billionaire Mike Adenuga turns 73 on April 29, marking more than four decades of bold bets across telecom, oil and gas, and banking.
Cameroon's richest man Baba Danpullo is struggling to find a buyer for his Sodecoton stake as cotton prices fall and harvest output disappoints
Weak cotton prices and a disappointing 2025 harvest are blocking Cameroon billionaire Baba Danpullo's bid to exit his minority stake in Sodecoton.
Meet Godfrey Kirumira: the boy who sold cigarettes at 12 and built one of Uganda's biggest business empires
Godfrey Kirumira started trading cigarettes at 12 on the streets of Kampala. Today he chairs the club of Uganda's richest tycoons.
Uganda's richest man appoints daughter to council seat of Victoria University following his son's death
Victoria University has appointed Meera Ruparelia to its University Council, replacing her late brother Rajiv Ruparelia who died in a road accident in May 2025.
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.
Nathan Kirsh spent 70 years building quietly. One deal just made him Africa's second-richest person
A $29.1 billion sale of Jetro Restaurant Depot to Sysco has made Nathan Kirsh, 94, Africa's second-richest person, adding roughly $10 billion to his fortune overnight.
South African billionaire Koos Bekker pays tribute to Steve Pacak, Naspers' finance architect of nearly four decades
Steve Pacak, the former M-Net finance boss who served Naspers and Prosus for nearly four decades, has died at 71 after a battle with cancer.
Johann Rupert's Remgro sells another R3.6 billion slice of FirstRand as the six-year exit from South Africa's biggest bank enters its final stretch
Johann Rupert's Remgro has sold another R3.6 billion stake in FirstRand, extending a six-year exit from South Africa's biggest banking group as it reshapes its portfolio toward private assets.
Strive Masiyiwa unveils Econet AI to reshape Zim's economy
Strive Masiyiwa is accelerating Africa's technological shift by launching Econet AI, a dedicated business unit focused on integrating artificial intelligence across Zimbabwe's economy.
Zim billionaire Strive Masiyiwa's Liquid retires $620 million bond, raises fresh $300 million
Strive Masiyiwa's Liquid Intelligent Technologies has retired a $620 million bond early and raised $300 million in new notes, trimming leverage across its pan-African footprint.
Elon Musk faces Paris interview today as US refuses to help French probe of X
French prosecutors summoned Elon Musk for a Paris interview on April 20, pressing their criminal probe into X's handling of illegal content.
Johann Rupert's Richemont frees up €4.9 billion in capital and takeover speculation is now swirling across the luxury industry
Johann Rupert's Richemont has freed up €4.9 billion in capital, sending the luxury world into speculation about a potential blockbuster acquisition.
South African tycoon Robert Gumede wins reprieve for Tongaat Hulett as Durban court delays liquidation bid
Robert Gumede's Vision Sugar Group won court breathing room on April 17 to finalize a rescue plan for Tongaat Hulett, staving off liquidation.
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
Exclusive Briefing: Where Does $17 Billion Go? The Kirsh Repatriation Question and What It Means for Southern African Capital Markets
Nathan Kirsh is about to become the most liquid billionaire Africa has ever produced. The $29.1 billion Sysco deal will generate approximately $17 billion in personal proceeds — and the question every private bank in southern Africa is asking is where it goes.
African Wealth Briefing — Thurs., April 23, 2026
Dangote says every African should own a share in his refinery IPO, Otedola's FirstHoldCo surges 32 percent to lead Nigeria's bank stocks, and Benedict Peters deploys three aircraft to map Madagascar's minerals for free.
Nathan Kirsh spent 70 years building quietly. One deal just made him Africa's second-richest person
A $29.1 billion sale of Jetro Restaurant Depot to Sysco has made Nathan Kirsh, 94, Africa's second-richest person, adding roughly $10 billion to his fortune overnight.
Aliko Dangote is taking his $40 billion refinery public across Africa and wants every African to own a share
Aliko Dangote is preparing a pan-African IPO for his refinery, valued at up to $50 billion, targeting listings across multiple African exchanges as early as June 2026.
Nigerian oil heirs Ameena and Zara Indimi accuse Stanbic IBTC of foul play in $30 million Oriental Energy judgment fight
Twin sisters Ameena and Zara Indimi are accusing Stanbic IBTC of failing to freeze $30 million in Oriental Energy accounts, raising contempt of court allegations against multiple Nigerian banks.
Ghanaian business tycoon Daniel McKorley honored by GaDangme Queen Mothers as McDan Group earns Torchbearer of Hope title
Ghana's GaDangme Queen Mothers have honored Daniel McKorley, Executive Chairman of McDan Group, with the Torchbearer of Hope title in a formal ceremony.
South African billionaire Koos Bekker pays tribute to Steve Pacak, Naspers' finance architect of nearly four decades
Steve Pacak, the former M-Net finance boss who served Naspers and Prosus for nearly four decades, has died at 71 after a battle with cancer.
VistaJet moves to repossess Indian billionaire Anil Ambani's Bombardier jets
VistaJet has invoked international treaty law to recover 2 Bombardier Global 5000 jets from Anil Ambani's Reliance Transport unit, which denies any payment default.
Johann Rupert's Remgro sells another R3.6 billion slice of FirstRand as the six-year exit from South Africa's biggest bank enters its final stretch
Johann Rupert's Remgro has sold another R3.6 billion stake in FirstRand, extending a six-year exit from South Africa's biggest banking group as it reshapes its portfolio toward private assets.
Pan-African billionaire Benedict Peters sends 3 sensor-equipped aircraft to Madagascar to map the island's untapped mineral wealth under a deal with the country's government
Pan-African billionaire Benedict Peters is deploying 3 sensor-equipped aircraft to map Madagascar's mineral resources for free under a government deal signed in December 2025.
Strive Masiyiwa unveils Econet AI to reshape Zim's economy
Strive Masiyiwa is accelerating Africa's technological shift by launching Econet AI, a dedicated business unit focused on integrating artificial intelligence across Zimbabwe's economy.
FirstHoldCo storms ahead of rivals, surging 32% in a month to become Nigeria's best-performing tier-one bank stock ahead of Q1 results
FirstHoldCo has rallied 32% in the past month to become the best-performing tier-one bank stock on Nigeria's exchange, outpacing GTCO, Zenith Bank, Access Holdings and UBA.
African Wealth Briefing — Wed., April 22, 2026
Masiyiwa's Liquid retires a $620 million bond and raises $300 million fresh, Tosyali launches a $2.5 billion Algeria steel push, Samih Sawiris deploys $235 million into Morocco tourism with Emirati partners, and Dangote Sugar shareholders approve a N500 billion rights issue.
Zim billionaire Strive Masiyiwa's Liquid retires $620 million bond, raises fresh $300 million
Strive Masiyiwa's Liquid Intelligent Technologies has retired a $620 million bond early and raised $300 million in new notes, trimming leverage across its pan-African footprint.
Turkish billionaire Fuat Tosyali rolls out $2.5 billion Algeria steel push
Turkish magnate Fuat Tosyali has launched a $2.5 billion program to double Algeria output and push Tosyali Holding into the world's top 20 steelmakers.
Àrgentil secures blended finance backing to launch $75 million SME fund in Nigeria and Ghana
Àrgentil Capital Management has been selected for a blended finance accelerator program, securing support to launch a $75 million SME-focused fund across Nigeria and Ghana.
