Wale Tinubu's Oando PLC signs production sharing contract for Angola's Block KON-13
Oando PLC has signed a production sharing contract for Angola's Block KON-13, marking the Nigerian energy group's first move into the Angolan upstream oil market.
African Billionaires
Patrice Motsepe's African Rainbow Minerals is buying a stake in Canadian copper explorer Surge Copper Corp
Patrice Motsepe's African Rainbow Minerals is buying a near-20% stake in Canadian copper explorer Surge Copper Corp through a CAD3.98 million private placement.
Madagascar tycoon Hassanein Hiridjee backs USDh stablecoin through AXIAN Investment
AXIAN Group CEO Hassanein Hiridjee has backed Hamilton Labs' USDh stablecoin, betting digital dollars can solve Africa's savings and payments problems.
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.
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.
10 companies owned by South African multimillionaire Robert Gumede
Robert Gumede built one of Africa's biggest black-owned IT company from scratch. Here is every business the South African tycoon owns in 2026.
Every Black billionaire in the world in 2026, from Aliko Dangote to Beyonce and Dr. Dre
Forbes 2026 has confirmed Beyonce and Dr. Dre as new billionaires. Here is every black billionaire alive today, ranked.
Forbes releases its 2026 list of Africa's authentic billionaires as collective wealth hits $126.7 billion
Forbes has released its 2026 Africa billionaires list. The continent's 23 members of the three-comma club added $20.3 billion collectively in a year.
Dangote Sugar cuts losses by 73% as revenue surges to $432.6 million in 2025
Dangote Sugar slashed its losses by 73% in 2025 as revenue surged to N665.6 billion, signaling the worst of Nigeria's currency crisis may be easing.
Naguib Sawiris says Egypt's developers are shrinking home sizes as inflation squeezes buyers out of the market
Ora Developer chairman Naguib Sawiris says Egypt's real estate sector is shrinking unit sizes as inflation crushes buyer purchasing power nationwide.
Elon Musk says his lifetime tax bill could top $500 billion as wealth surges
Elon Musk says he may pay more than $500 billion in taxes over his lifetime, reviving debate over billionaire wealth and taxation.
Swiss private bank Pictet opens South Africa office as Africa’s millionaire ranks swell
Swiss private bank Pictet is opening in South Africa after regulatory approval, betting Africa’s wealthy class will drive more cross border investment.
Cell C turns the corner as Blue Label’s Levy brothers steer turnaround
Cell C says its assets now exceed liabilities, a milestone after Blue Label’s Brett and Mark Levy bought in and funded a painful turnaround.
Billionaire Aliko Dangote's refinery targets 75 million litres daily petrol supply
Dangote Refinery outlined petrol, diesel and aviation fuel volumes that exceed Nigeria’s estimated demand, according to figures released by the company.
Dangote brings MTN Group CEO Ralph Mupita onto fertiliser board as IPO plans gather pace in Nigeria
Dangote Industries tapped MTN Group CEO Ralph Mupita for its fertiliser board as it moves toward expansion and a planned NGX listing.
Moroccan multimillionaire Chakib Alj looks to acquire struggling flour miller Forafric
Cap Holding boss Chakib Alj is in talks to seize control of debt-laden Forafric, raising prospects of a shake-up in Moroccan milling.