Featured
African stock exchanges eye Dangote refinery IPO as NGX convenes JSE, NSE, GSE and BRVM for cross-border listing talks
NGX Group has convened chiefs of five African stock exchanges in Lagos to advance cross-border listings of the Dangote Refinery ahead of a June-July 2026 IPO on the NGX.
Editors' Picks
African stock exchanges eye Dangote refinery IPO as NGX convenes JSE, NSE, GSE and BRVM for cross-border listing talks
NGX Group has convened chiefs of five African stock exchanges in Lagos to advance cross-border listings of the Dangote Refinery ahead of a June-July 2026 IPO on the NGX.
Billionaire Tyler Perry has given away millions to seniors, shooting victims, and struggling communities, and most of it he did quietly
Tyler Perry has donated millions across decades, from paying seniors' property taxes to covering funerals for police shooting victims, mostly without fanfare.
Hip-hop billionaire Dr. Dre has given away over $80 million to education, from a $70 million USC academy to a performing arts center bearing his name in Compton
Dr. Dre has donated over $80 million to education causes, including a $70 million USC academy and a $10 million Compton High School performing arts center bearing his name.
Exclusive Content For Paid Supporters
Investor Memo: South Africa’s Fuel Reckoning: Two Weeks of Reserves, a Record Price Shock, and No Quick Fix
South Africa faces the largest fuel price adjustment in its history on April 1 — with two weeks of reserves, 75 percent diesel import dependence, and farmers at 20 percent allocations, we break down who is exposed and what comes next.
Deep-Dive Report: Africa's Refining Revolution — How the Hormuz Crisis Is Rewriting the Map
Africa spends $60 billion a year importing fuel it could refine at home — the Hormuz crisis just proved why that model is broken, and Dangote's 456,000-tonne export run shows the fix is already under way.
Exclusive Briefing: What We're Hearing — Africa's Energy Repricing in Real Time
Diesel and jet fuel are the real squeeze, Dangote has more inbound demand than it can service, Rabiu is building a parallel industrial empire, and South Africa is scrambling — here is what we are hearing as the war enters its fourth week.
Billionaire Anas Sefrioui's Addoha posts 70% profit jump to 516 million dirhams as Morocco's largest property developer shifts to value-driven growth
Anas Sefrioui's Addoha posted a 70% net profit rise to 516 million dirhams ($55 million) in 2025, driven by tighter project selection and improved execution across Morocco and West Africa.
King Mohammed VI's Managem invests $750 million to double gold production to 500k oz
Morocco's Managem Group plans to invest $750 million to raise gold production by 134% to 500,000 ounces by the end of the decade after net profit surged 384% to $322 million in 2025.
Nassef Sawiris's Orascom Construction posts record $9 billion backlog and a 65% profit jump
Orascom Construction posted a record $9 billion backlog and a 65% profit jump in 2025 as the United States became a major growth driver for the group.
Moroccan billionaire Othman Benjelloun’s Bank of Africa makes Forbes MENA top 100
Othman Benjelloun's Bank of Africa ranked 88th in the Forbes Middle East 2026 list of the region's 100 most valuable companies.
Mohamed Mansour's San Diego FC emerges as frontrunner to sign Mohamed Salah after Liverpool exit
Mohamed Mansour's San Diego FC is among the clubs most prominently linked to signing Mohamed Salah after the Egyptian superstar confirmed his Liverpool exit.
Morocco's royal family-controlled Attijariwafa Bank is eyeing a stake in European AI startup Mistral
Morocco's biggest bank Attijariwafa is studying an investment in French AI startup Mistral AI after it launched a model targeting financial institutions.
Billionaire Yasseen Mansour's Palm Hills posts 29.55 percent profit jump to EGP 4.22 billion in 2025
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
Hesham El Ghoroury's Tiba wins Amethis backing to scale Egypt's rice-based food ingredients export push
Hesham El Ghoroury's Tiba for Starch & Glucose has secured a minority stake from Amethis to scale production capacity and expand into global export markets.
African stock exchanges eye Dangote refinery IPO as NGX convenes JSE, NSE, GSE and BRVM for cross-border listing talks
NGX Group has convened chiefs of five African stock exchanges in Lagos to advance cross-border listings of the Dangote Refinery ahead of a June-July 2026 IPO on the NGX.
Nigerian billionaire Atiku Abubakar hires US lobbying firm for $1.2 million to counter Tinubu government narratives ahead of 2027 presidential race
Atiku Abubakar has hired Washington lobbying firm Von Batten-Montague-York for $1.2 million to counter Nigerian government narratives and build his US policy standing ahead of 2027.
Folashade Afolabi, wife of Sifax boss, holds $24.7 million stake in SAHCO Plc
Folashade Afolabi holds a 17.86% stake in SAHCO worth N34.6 billion at current market prices as the company posts record profit of N11.73 billion.
SAHCO profit surges 142% to N11.73 billion in 2025 as chairman Taiwo Afolabi's 60.72% stake hits $84 million
SAHCO posted N11.73 billion profit after tax in 2025, up 142%, as revenue rose 54% to N44.46 billion. Chairman Taiwo Afolabi's controlling stake is now worth N117.68 billion.
Ghanaian mogul Ibrahim Mahama's jet departs for air ambulance conversion
Ibrahim Mahama's Bombardier 604 jet, known as the Dzata aircraft, departed Ghana on April 3 for conversion into a free emergency air ambulance for all Ghanaians.
Nigerian billionaire Abdul Samad Rabiu drops to 4th on Africa rich list after Nathan Kirsh deal
Abdulsamad Rabiu has fallen to fourth among Africa’s richest people after Nathan Kirsh’s multibillion-dollar Sysco deal sharply lifted his fortune.
Africa's richest man Aliko Dangote pledges $14.2 million to Nigeria's National Community Food Bank
Nigeria's First Lady Oluremi Tinubu has launched the National Community Food Bank Programme in Abuja, raising over N65 billion in pledges from the private sector and government to tackle child malnutrition.
Hassanein Hiridjee's Axian Energy reaches financial close on West Africa's largest solar and battery storage project in Senegal's Casamance region
Axian Energy has reached financial close on the NEA Kolda project, a 60MW solar and 72MWh battery storage plant in Senegal's Casamance region and the largest such hybrid facility in West Africa.
Kenya's Court of Appeal frees billionaire John Kibunga Kimani from completing Sh205 million Makuyu land sale after overturning Environment and Land Court order
Kenya's Court of Appeal has overturned an order requiring billionaire John Kibunga Kimani's Rural Development Services to complete a Sh205 million land sale in Makuyu.
Standard Chartered says Kenya's wealthy investors are moving into ESG assets and offshore markets
Kenya's high-net-worth investors are moving away from residential property into ESG assets and offshore markets, according to Standard Chartered executives speaking in Nairobi.
Tanzanian billionaire Abubakar Bakhresa inducted into the 2026 Milling Hall of Fame as Bakhresa Group's daily milling capacity reaches 8,560 tonnes
Abubakar Bakhresa, an executive director of the Bakhresa Group, has been named to the FlourWorld Museum's 2026 Milling Hall of Fame for his role in expanding East Africa's largest milling operation to 8,560 tonnes of daily capacity.
9 companies owned by Ethiopian billionaire Belayneh Kindie
Ethiopian billionaire Belayneh Kindie controls a sprawling empire of companies across agriculture, manufacturing, transport and hospitality.
Kenyan tycoon Mohammed Jaffer's One Petroleum imported fuel at 3x govt rate during Iran crisis
One Petroleum, a subsidiary of Mombasa billionaire Mohammed Jaffer's Mbaraki Bulk Terminal, was cleared to import 60 tonnes of petrol at three times the government rate as Kenya's Iran war crisis drove fuel supply shortages.
James Mwangi, the Ndegwa and Kenyatta families to pocket Sh5.75 billion in Kenya bank dividends
Kenya's record bank profit year will deliver Sh5.75 billion in dividends to the country's richest investors including James Mwangi and the Ndegwa family.
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.
Tosin Eniolorunda's Moniepoint enters Kenya with 78 percent stake in Sumac Microfinance Bank
Tosin Eniolorunda's Moniepoint has acquired a 78 percent majority stake in Kenya's Sumac Microfinance Bank, marking the Nigerian fintech's first major entry into East Africa.
Tycoon Ken Sharpe’s WestProp launches Chivhu Eco City, a 5,000-hectare development with 20,000 properties and Zimbabwe's first 30-year mortgage
WestProp Holdings has unveiled Chivhu Eco City, a 5,000-hectare project set to deliver 20,000 properties with Zimbabwe's first 30-year mortgage terms.
Here is everything you need to know about Nathan Kirsh, Africa's new 2nd richest man who built a $17 billion fortune by selling groceries to restaurant owners nobody else wanted to serve
Nathan Kirsh has become Africa's second richest person at $17.1 billion. Here is everything you need to know about the 94-year-old billionaire from Eswatini.
Eswatini billionaire Nathan Kirsh overtakes Johann Rupert and Abdulsamad Rabiu to become Africa's 2nd richest person
Nathan Kirsh is selling Jetro Restaurant Depot to Sysco at a $29.1 billion valuation, a deal that adds at least $10 billion to the 94-year-old South African billionaire's fortune.
Netflix grants billionaire Strive Masiyiwa 654 stock options at $95.55 as Netflix trades near $980
Netflix has granted board director Strive Masiyiwa 654 non-qualified stock options at an exercise price of $95.55 per share, expiring April 2036.
SpaceX files for a June IPO targeting a $1.75 trillion valuation that would push Elon Musk toward trillionaire status
SpaceX has confidentially filed for an IPO targeting a $1.75 trillion valuation and a raise of up to $75 billion, which would be the largest public offering in history and push Elon Musk toward trillionaire status.
South African tycoon Robert Gumede faces R390 Million Covid-19 PPE fraud claim amid Tongaat Hulett bid
South African billionaire Robert Gumede is pursuing a takeover of Tongaat Hulett through Vision Sugar while facing a R390 million Special Tribunal claim that he masterminded a Covid-19 PPE price-gouging scandal involving SAPS.
Wicknell Chivayo's estranged wife demands $25 million, $40,000 a month and three Rolls-Royces in Zimbabwe High Court divorce battle
Sonja Madzikanda is suing Wicknell Chivayo for a $25 million lump sum, $40,000 monthly maintenance and three Rolls-Royces in a High Court battle over their 2017 customary marriage.
Strive Masiyiwa's Econet InfraCo lists on Zimbabwe's VFEX at $1 billion in the largest initial listing in the country's capital markets history
Strive Masiyiwa's Econet InfraCo has listed on Zimbabwe's Victoria Falls Stock Exchange at $1 billion, the largest initial listing in the country's capital markets history.
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
African stock exchanges eye Dangote refinery IPO as NGX convenes JSE, NSE, GSE and BRVM for cross-border listing talks
NGX Group has convened chiefs of five African stock exchanges in Lagos to advance cross-border listings of the Dangote Refinery ahead of a June-July 2026 IPO on the NGX.
Billionaire Tyler Perry has given away millions to seniors, shooting victims, and struggling communities, and most of it he did quietly
Tyler Perry has donated millions across decades, from paying seniors' property taxes to covering funerals for police shooting victims, mostly without fanfare.
Hip-hop billionaire Dr. Dre has given away over $80 million to education, from a $70 million USC academy to a performing arts center bearing his name in Compton
Dr. Dre has donated over $80 million to education causes, including a $70 million USC academy and a $10 million Compton High School performing arts center bearing his name.
Kanye West's comeback concert at SoFi Stadium grossed $18 million in a single night, the highest ever by a rapper, as two shows pulled in $33 million combined
Ye grossed $18 million in a single night at SoFi Stadium on April 3, the highest-grossing concert ever by a rapper, as two comeback shows earned $33 million combined.
7 companies owned by American multimillionaire Kneeland Youngblood
Physician turned private equity titan Kneeland Youngblood has quietly built a multimillion-dollar empire spanning healthcare, energy, gaming and digital infrastructure.
7 companies owned by top private equity veteran Ray Whiteman
From heavy-duty gearboxes to risk analytics, Stellex Capital's Ray Whiteman has built a multimillion-dollar portfolio spanning manufacturing, services and fintech.
Nigerian billionaire Atiku Abubakar hires US lobbying firm for $1.2 million to counter Tinubu government narratives ahead of 2027 presidential race
Atiku Abubakar has hired Washington lobbying firm Von Batten-Montague-York for $1.2 million to counter Nigerian government narratives and build his US policy standing ahead of 2027.
Kenya's Court of Appeal frees billionaire John Kibunga Kimani from completing Sh205 million Makuyu land sale after overturning Environment and Land Court order
Kenya's Court of Appeal has overturned an order requiring billionaire John Kibunga Kimani's Rural Development Services to complete a Sh205 million land sale in Makuyu.
Billionaire Anas Sefrioui's Addoha posts 70% profit jump to 516 million dirhams as Morocco's largest property developer shifts to value-driven growth
Anas Sefrioui's Addoha posted a 70% net profit rise to 516 million dirhams ($55 million) in 2025, driven by tighter project selection and improved execution across Morocco and West Africa.
Folashade Afolabi, wife of Sifax boss, holds $24.7 million stake in SAHCO Plc
Folashade Afolabi holds a 17.86% stake in SAHCO worth N34.6 billion at current market prices as the company posts record profit of N11.73 billion.
Tycoon Ken Sharpe’s WestProp launches Chivhu Eco City, a 5,000-hectare development with 20,000 properties and Zimbabwe's first 30-year mortgage
WestProp Holdings has unveiled Chivhu Eco City, a 5,000-hectare project set to deliver 20,000 properties with Zimbabwe's first 30-year mortgage terms.
SAHCO profit surges 142% to N11.73 billion in 2025 as chairman Taiwo Afolabi's 60.72% stake hits $84 million
SAHCO posted N11.73 billion profit after tax in 2025, up 142%, as revenue rose 54% to N44.46 billion. Chairman Taiwo Afolabi's controlling stake is now worth N117.68 billion.
Here is everything you need to know about Nathan Kirsh, Africa's new 2nd richest man who built a $17 billion fortune by selling groceries to restaurant owners nobody else wanted to serve
Nathan Kirsh has become Africa's second richest person at $17.1 billion. Here is everything you need to know about the 94-year-old billionaire from Eswatini.
Meet Dr. Herriot Tabuteau, the Haitian immigrant who self-funded a $6 billion brain disorder company from a broom closet and quietly became a Black billionaire
Dr. Herriot Tabuteau came to America from Haiti at age nine and built a $6 billion brain disorder company that nobody believed in.
African Wealth Briefing — Sun., April 5, 2026
Obama adviser Robbie Robinson built a $900 million platform backing diverse founders after years advising America's richest families — we profile the six companies behind his MarcyPen empire.
6 companies backed by Nnamdi Okike, the Nigerian-American VC behind 645 Ventures
Harvard-educated Nigerian-American Nnamdi Okike built a $550 million software investment empire through 645 Ventures, one of the largest Black-led VC firms in the United States.
