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Billionaire-backed Curro moves to fully take over Meridian schools platform
Curro, backed by Jannie Mouton’s foundation, has been cleared to acquire Meridian linked entities, tightening control of its cost conscious school brand.
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Billionaire-backed Curro moves to fully take over Meridian schools platform
Curro, backed by Jannie Mouton’s foundation, has been cleared to acquire Meridian linked entities, tightening control of its cost conscious school brand.
South African billionaire Michiel Le Roux’s Capitec nears Nedbank-level profits
Capitec’s projected earnings of up to $1.07 billion shifts Michiel Le Roux’s mission is to build a simplified, mass-market banking giant challenging South Africa’s biggest lenders
South African Agri tycoon Sean Walsh steps down as KAL Group CEO after 15 Years of transformational leadership
Veteran executive Sean Walsh is stepping down as CEO of KAL Group after nearly fifteen years of guiding expansion and transformation, while continuing to serve as Agbiz chairperson until June
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South African tycoon Barry Swartzberg’s Discovery stake rises above $320 million
South African billionaire Barry Swartzberg’s Discovery stake rises above $320 million as shares recover on the JSE.
Palantir CEO Alex Karp unloads $110 million in stock within 100 days
Alex Karp has sold more than $110 million in Palantir shares within 100 days amid stock volatility and tax obligations.
South African billionaire Jannie Mouton’s Capitec stake tops $1.2 billion
Jannie Mouton’s Capitec stake tops $1.2 billion as an 18-day share rally adds $67.58 million in value, cementing his position among South Africa’s financial elite.
Billionaire Naguib Sawiris backs new Digital School push to train 100,000 Egyptians
Naguib Sawiris joined UAE partners to launch Jusur Al Foras, a plan to train 100,000 Egyptians and place 10,000 in jobs.
Mandarin Oriental to take over Egypt’s Old Cataract and Winter Palace
Mandarin Oriental plans a major Egypt push with the Old Cataract in Aswan, Luxor’s Winter Palace and its first luxury Nile cruise.
Egyptian billionaire Hisham Talaat Moustafa to establish a private university
Hisham Talaat Moustafa is leading a new push into higher education as Talaat Moustafa Group plans a private university in Noor City.
Billionaires.Africa ranks the 30 richest investors on the Egyptian Exchange in 2026
Egypt’s stock market surged over the past year. Here are the 30 biggest listed equity fortunes on the EGX, with stakes and dollar values.
Egypt's Hassan Allam Properties targets $297.4 million in 2026 projects, prepares new hospitality brand
Developer Hassan Allam Properties targets 14 billion pounds in 2026 work and will launch a hospitality brand to manage hotels opening in 2028-29.
Billionaire Hisham Talaat Moustafa says real estate prices in Egypt are unlikely to fall soon
Egypt’s top developer says housing prices follow land and building costs, and demand remains strong despite higher expenses.
EBRD approves $25 million loan to Hassan Allam to modernize equipment in Egypt
The EBRD approved a $25 million loan to Hassan Allam Holding to upgrade equipment and support lower emission construction operations in Egypt.
Mauritius-based businessman Antoine Delaporte's Adenia buys majority stake in Egypt’s Parkville
Adenia Partners buys controlling stake in Egypt’s Parkville, expanding into health, personal care, and Middle East-Africa markets.
Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Aradel, led by Adegbite Falade, secures $250 million to expand Nigerian oil and gas operations
Aradel, led by Adegbite Falade, secures $250 million to expand oil and gas operations and increase stake in ND Western.
Nigerian business icon Adekunle Ojora passes away at 93
Adekunle Ojora, 93, renowned Nigerian business leader and investor, passes away, leaving decades of corporate impact.
OPEC’s first female president spent $2.75 million at Harrods, London court hears
Diezani Alison-Madueke, OPEC’s first female president and Nigeria’s ex-oil minister spent $2.75 million at Harrods, facing UK bribery scrutiny.
Africa’s richest man, Aliko Dangote's refinery lifts petrol prices 14 percent
Africa’s richest man Aliko Dangote raises petrol prices by 14 percent as global crude oil prices climb after U.S. supply disruptions.
Kenya’s CMA CEO Wyckliffe Shamiah approves new investment bank, stockbroker
CMA has licensed six new firms including an investment bank and stockbroker, widening the Kenya-regulated capital markets sector in 2026.
Mombasa billionaire Mohammed Jaffer wins delay in court case against maize miller
A Mombasa High Court pushed to May a Ksh90 million suit targeting a grain handler associated with businessman Mohammed Jaffer after witnesses failed to attend.
Bill Gates Rejects Claims Linking Him to Mosquito Surge in Kenya
Bill Gates has rejected claims circulating online that link him to a surge in mosquitoes in Kenya, with his foundation calling the allegations false.
Kenyan billionaire Manu Chandaria donates $150,000 to new student innovation hub
Industrialist and philanthropist Manu Chandaria, through the Chandaria Foundation, has partnered with KCA University on a Sh20 million incubation and innovation centre in Nairobi.
Court orders arrest of Kenyan tycoon Pius Ngugi over $32,000 legal fees
A Nairobi court issued an arrest warrant for tycoon Pius Ngugi over Sh4.19 million in legal fees after a bid to stop execution failed.
Billionaires.Africa ranks the 10 richest investors on the Dar es Salaam Stock Exchange in 2026
DSE ended 2025 at record valuation levels. These are the ten biggest individual investors by listed equity stakes, led by bank heavy portfolios.
Billionaires.Africa ranks the 10 richest investors on the Uganda Securities Exchange in 2026
A 34% rally has lifted Uganda’s Securities Exchange—still a market where a few liquid stocks and a small circle of investors drive most of the action.
Billionaires.Africa ranks the 20 richest people on the Nairobi Securities Exchange in 2026
Using late January 2026 NSE closing prices, we ranked the biggest disclosed shareholders on Kenya’s bourse and priced their listed stakes in dollars.
Billionaire-backed Curro moves to fully take over Meridian schools platform
Curro, backed by Jannie Mouton’s foundation, has been cleared to acquire Meridian linked entities, tightening control of its cost conscious school brand.
South African billionaire Michiel Le Roux’s Capitec nears Nedbank-level profits
Capitec’s projected earnings of up to $1.07 billion shifts Michiel Le Roux’s mission is to build a simplified, mass-market banking giant challenging South Africa’s biggest lenders
South African Agri tycoon Sean Walsh steps down as KAL Group CEO after 15 Years of transformational leadership
Veteran executive Sean Walsh is stepping down as CEO of KAL Group after nearly fifteen years of guiding expansion and transformation, while continuing to serve as Agbiz chairperson until June
Best fixed deposit rates in South Africa for a $100,000 equivalent: February 2026
South African banks are paying up to the high single digits for one year cash, with digital challengers pushing the top end.
South African billionaire Johann Rupert’s Richemont set to sell Jaeger LeCoultre
South African billionaire Johann Rupert’s Richemont is advancing plans to sell Jaeger LeCoultre in a billion-franc management buyout.
Discovery Founder Adrian Gore Moves to Buy Landmark Sandton Headquarters
Discovery founder Adrian Gore has backed the R4.05 billion purchase of the group Sandton headquarters, citing long term savings and balance sheet strength.
Billionaire Van Der Walt Brothers Orchestrate $41.1 Million RMH Property Deal
Billionaire WeBuyCars founders Faan and Dirk Van Der Walt are leading a $41.1 Million property acquisition through AttBid, as RMH moves to monetise its long-held property assets in a landmark JSE transaction
South African tycoon Tshepo Mahloele's Harith finally gets its airline with FlySafair takeover
Harith General Partners secures FlySafair, two years after its SAA deal collapsed, marking a shift in South Africa’s airline market.
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.
Ethiopian billionaire Mohammed Al-Amoudi signals return with new mega projects
Ethiopian-born Saudi billionaire Mohammed Al-Amoudi signals a return with new mega projects under MIDROC, pledging jobs and investment as Ethiopia eyes middle-income status.
Preem, linked to Ethiopian billionaire Mohammed Al-Amoudi, posts $2.7 billion in Q2 sales
Preem reports Q2 revenue below $3 billion and swings to a $93.6 million loss as refinery downtime and weaker margins weigh.
Ethiopia’s richest man Mohammed Al-Amoudi gains $2.2 billion; wealth nears $8 billion
Mohammed Al-Amoudi’s fortune rises $2.2 billion after Svenska sale, pushing his net worth toward $8 billion.
Latest Posts
Billionaire-backed Curro moves to fully take over Meridian schools platform
Curro, backed by Jannie Mouton’s foundation, has been cleared to acquire Meridian linked entities, tightening control of its cost conscious school brand.
South African billionaire Michiel Le Roux’s Capitec nears Nedbank-level profits
Capitec’s projected earnings of up to $1.07 billion shifts Michiel Le Roux’s mission is to build a simplified, mass-market banking giant challenging South Africa’s biggest lenders
South African Agri tycoon Sean Walsh steps down as KAL Group CEO after 15 Years of transformational leadership
Veteran executive Sean Walsh is stepping down as CEO of KAL Group after nearly fifteen years of guiding expansion and transformation, while continuing to serve as Agbiz chairperson until June
Sam Darwish's IHS Towers exits Brazil Fibre market in $452 million Deal
IHS Towers CEO Sam Darwish has signed a deal to exit Brazil fibre market, selling a majority stake in I Systems for $452.6 million.
Conoil records weakest profit in five years as borrowing costs grow
Conoil records its weakest profit in five years as surging finance costs and slowing fuel sales weigh heavily on earnings.
Billionaire Femi Otedola applauds Dangote as refinery hits full capacity
Femi Otedola has praised Aliko Dangote after the refinery reached 650,000 barrels per day, calling the milestone transformational for Nigeria economy.
BUA Foods names Khalifa Rabiu head of global procurement and operations
BUA Foods has appointed Khalifa Rabiu to lead global procurement and operations, reinforcing its focus on supply chain efficiency and operational performance
Tetracore, led by energy tycoon Olakunle Williams, expands CNG network with 60,000 SCMD Auto CNG facility
Tetracore Energy has commissioned a 60,000 SCMD auto CNG facility in Ogere, Ogun State, advancing cleaner transport infrastructure under the leadership of energy tycoon Olakunle Williams
Aiteo wins rare Libya exploration license as Tripoli opens door to foreign drillers
Aiteo won a Murzuq basin exploration license in Libya’s first bid round since 2007, joining winners that included Chevron, Eni and QatarEnergy.
Aliko Dangote's refinery sets world record with 650,000 bpd output
Dangote Refinery reaches 650,000 barrels daily, setting a single train record and reshaping Nigeria’s fuel supply landscape.
Kenya’s CMA CEO Wyckliffe Shamiah approves new investment bank, stockbroker
CMA has licensed six new firms including an investment bank and stockbroker, widening the Kenya-regulated capital markets sector in 2026.
Sean Combs wins dismissal of assault lawsuit as Judge rules claim filed too late
A New York federal judge dismissed a sexual assault lawsuit against Sean Combs, ruling the claim was filed after the one year deadline.
Rainoil Founder Gabriel Ogbechie Pushes Pipeline Revival and Fair Fuel Pricing Reform
Rainoil founder Gabriel Ogbechie has urged Nigeria to revive its pipeline network and adopt fair pricing to drive sustainable growth in the energy sector.
Abdul Samad Rabiu Urges Africa to Shift From Extraction to Industrial Processing
BUA founder Abdul Samad Rabiu has called on African governments and financiers to move from raw exports to large scale industrial processing.
Ivorian Cotton King Koné Daouda Soukpafolo acquires majority stake in Uniwax
Ivorian cotton magnate Koné Daouda Soukpafolo acquires majority stake in Uniwax, restoring local ownership as the textile firm rebounds strongly in 2025.
Nigerian gas tycoon Julius Rone says $5 billion FLNG project will start construction in 2026.
UTM Offshore CEO Julius Rone says Nigeria’s first floating LNG facility will enter construction in 2026, targeting exports and domestic cooking gas supply.
