Tony Elumelu’s Heirs Insurance Group sees premiums surge to $19.8 million
Heirs Insurance Group, led by Elumelu, achieved a remarkable 59.3-percent growth in gross written premiums in 2023, highlighting its transformative impact on Nigeria's insurance industry.

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Seplat, co-founded by Austin Avuru, builds mega gas facility
The company has installed over 850MMscfd of gas infrastructure to help meet Nigeria’s rising domestic energy demand.

Mansour family firm plans $150 million automotive factories in Egypt
Mansour Group to invest $150 million in two Egypt factories to boost local auto production and expand the country’s industrial footprint.

Cape Town, Marrakesh, Nairobi stand out as Africa’s ultra-rich hubs
A new class of centimillionaires (people with $100 million or more in investable assets) is not just growing in number but also in presence.

NCBA, backed by Kenya’s richest families, fined by regulator
NCBA, partly owned by some of Kenya’s wealthiest families, has been fined for mishandling customer data, as regulators tighten enforcement of privacy laws.