South African billionaire Rob Hersov’s podcast remarks spark race-relations backlash
South African businessman Rob Hersov's podcast comments about race and history have reignited debate over inflammatory rhetoric and its impact on public discourse.
African Billionaires
Nigerian energy tycoon Ademola Adeyemi-Bero’s First E&P pursues Tanzanian gas opportunity
Ademola Adeyemi-Bero'S Nigeria’s First E&P is expanding into Tanzania’s gas sector, part of a broader push by Nigerian companies to grow beyond West Africa’s oil fields.
Serena Williams backs infant formula startup Nara Organics in $32 million round
Serena Williams has invested in Nara Organics, a new infant formula startup that offers a USDA-certified, FDA-registered organic whole milk formula designed to meet both U.S. and European standards.
9 companies owned by Nigerian billionaire and Bet9ja founder, Kunle Soname
Outside of sports betting, Kunle Soname, a Nigerian gaming tycoon and chairman of Bet9ja, has built an empire that spans aviation, ceramics, hospitality, sports and hospitality.
Co-op Bank Kenya CEO Gideon Muriuki raises stake with $1.57 million share purchase
Gideon Muriuki, CEO of Co‑operative Bank of Kenya, has boosted his personal stake in the lender by acquiring an additional 12 million shares valued at KSh 202.8 million (approximately US $1.57 million) — raising his stake from 2% to 2.2%.
Africa’s richest 5 percent control $4 trillion, twice the rest of the continent
That staggering imbalance is at the heart of a new Oxfam report that lays bare the depth of inequality spreading across the continent.
Angolan oil tycoon Joaquim David’s Etu Energias kicks off drilling drive on flagship Congo Basin block
Etu Energias plans to drill at least three development wells, probe one exploration location and carry out five work overs in existing wells.
10 Black Multimillionaires Who Built Tech Unicorns
From Lagos to London, Atlanta to Silicon Valley, meet 10 black entrepreneurs who have founded, built and scaled tech companies to billion-dollar valuations.
Sudan’s richest family, the Elnefeidis, seeks $17 million from the IFC to import wheat
Sudan's richest family, the Elnefeidis, is seeking a $19 million facility from the International Finance Corporation to support wheat imports for its Cameroon business.
Zak Calisto joins African billionaire ranks after Karooooo stake tops $1 billion
His controlling stake in Karooooo has surpassed the $1 billion mark, a milestone first reported by Billionaires.Africa.
Rupert joins Dangote, Ogunlesi among African billionaires visiting Washington
Johann Rupert, South Africa’s richest man and Richemont chairman, arrived in Washington during tense talks between Trump and President Ramaphosa.
7 African billionaires pouring millions into the future of sports
Africa’s richest are reshaping sports, from rugby and football to basketball, using wealth to drive youth empowerment, global expansion and local impact.
Top 15 richest self-made African billionaires
Africa’s self-made billionaires, rising from humble roots, are reshaping economies and pioneering industries from telecoms to energy and manufacturing.
Meet the 22 African billionaires of 2025: Nigeria claims four, South Africa leads with seven
This reflects the growing private wealth in these countries as businesses scale up and stock markets rally.
Forbes releases 2025 African billionaires list, Elumelu, Danjuma miss out
But while two new faces joined the exclusive club, two notable figures, Nigerian business tycoons Tony Elumelu and Theophilus (TY) Danjuma, were conspicuously absent.
10 lessons from African billionaires on achieving business growth
Billionaires.Africa shares 10 key lessons from African billionaires, practical insights to help entrepreneurs overcome challenges, seize opportunities, and build lasting businesses.