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Ghanaian tycoon Daniel Ofori wins the final round of his 18-year legal war against Ecobank at the Supreme Court
Ghana's Supreme Court has dismissed Ecobank Ghana's final legal attempt to avoid paying compound interest to investor Daniel Ofori in a dispute that began in 2008.
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Equity Group CEO James Mwangi says African governments must fix three structural barriers or risk losing the investment decade
Equity Group CEO James Mwangi told the Africa Forward Summit in Nairobi that African governments must fix three structural barriers or risk losing the investment decade.
Ghanaian tycoon Daniel Ofori wins the final round of his 18-year legal war against Ecobank at the Supreme Court
Ghana's Supreme Court has dismissed Ecobank Ghana's final legal attempt to avoid paying compound interest to investor Daniel Ofori in a dispute that began in 2008.
Algeria is trying to sell jailed tycoon Ali Haddad's Barcelona hotel but a mystery contract is blocking the deal
Algeria is attempting to sell a Barcelona hotel belonging to jailed billionaire Ali Haddad, but a pre-existing contract is blocking the transaction, French-language reporting confirms.
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The Inside Story: Mombasa Over Tanga — What Dangote’s Refinery Site Pivot Tells Us About East African Political Economy and the Race for the Continental Energy Hub
Aliko Dangote's decision to lean toward Mombasa over Tanzania's Tanga port for a $15-17 billion East African refinery is the public crystallization of a regional political rift building for weeks.
Executive Insight: Macron’s $27 Billion African Pivot — What the Africa Forward Summit Tells Foreign Investors About the End of Françafrique and the New Architecture of European Capital in Africa
Macron's $27 billion Nairobi summit is the deliberate end of Françafrique and the substitution of private-sector European capital for the public-sector colonial architecture that preceded it.
The Inside Story: The Rabiu Wealth Surge and the Free-Float Problem — Why $8.88 Billion in Four Months Is the Most Interesting African Wealth Story of 2026
Abdul Samad Rabiu has added $8.88 billion to his Bloomberg-tracked wealth in four months. The structural story is the 2.31 percent free float — and what it means for foreign investors trying to access BUA.
Algeria is trying to sell jailed tycoon Ali Haddad's Barcelona hotel but a mystery contract is blocking the deal
Algeria is attempting to sell a Barcelona hotel belonging to jailed billionaire Ali Haddad, but a pre-existing contract is blocking the transaction, French-language reporting confirms.
Ali Haddad built Algeria's biggest private construction empire, then lost it all at a border crossing
Ali Haddad built Algeria's biggest private construction company from nothing. A border crossing with two passports ended his entire empire in one night.
Egyptian billionaire Nassef Sawiris reorganises his Orascom Construction holding as he builds a $50 billion Abu Dhabi infrastructure platform
Nassef Sawiris has reorganised his Orascom Construction holding between two NNS Group vehicles, leaving his total 43.95% stake unchanged as his Abu Dhabi platform takes shape.
Nassef Sawiris sold $12.8bn in cement and $11.6bn in fertilizers, and is now betting $50bn on America
Egypt's richest man has built and sold empires twice. Now he is staking $50 billion on American infrastructure from a new base in Abu Dhabi.
Billionaires Nassef Sawiris and Wes Edens move to acquire French club FC Annecy
Nassef Sawiris and Wes Edens' V-Sports is closing in on a controlling stake in French Ligue 2 club FC Annecy as Aston Villa's multi-club network moves into France.
Egypt's Hassan Allam wins $490 million Saudi Museum contract in Diriyah
Hassan Allam Construction and Saudi firm Albawani won a $490 million contract to build Saudi Arabia's national contemporary art museum in Diriyah.
Meet Issad Rebrab, the accountant who turned a small metals stake into a $5 billion empire
Issad Rebrab started with a 20% stake in a metals firm. Five decades later, he had built Algeria's largest private company and its first billion-dollar fortune.
Algerian billionaire Issad Rebrab's Cevital launches $600 million Sugar Beet project
Cevital has launched a $600 million sugar beet farming and refining project in Algeria's Ghardaïa region, with a processing plant scheduled for 2028.
Ghanaian tycoon Daniel Ofori wins the final round of his 18-year legal war against Ecobank at the Supreme Court
Ghana's Supreme Court has dismissed Ecobank Ghana's final legal attempt to avoid paying compound interest to investor Daniel Ofori in a dispute that began in 2008.
Cameroonian media mogul Jean-Pierre Amougou Belinga's murder trial delayed a month over counsel absence
The murder trial of Cameroon media tycoon Jean-Pierre Amougou Belinga has been adjourned for a month after a key defence lawyer traveled abroad during proceedings.
Nigeria's richest woman Folorunsho Alakija ends her decade as UNIOSUN chancellor and hands over to BOVAS founder Victoria Samson
Folorunsho Alakija has ended her decade as Osun State University chancellor, with BOVAS Oil and Gas founder Victoria Samson named as her successor on May 10.
Cameroon's presidency orders official checks into billionaire Baba Danpullo's three-year legal war against MTN as dispute enters new phase
The Cameroon presidency has ordered official checks into the long-running legal dispute between billionaire Baba Danpullo and MTN Cameroon, signaling new scrutiny of one of Central Africa's most consequential business fights.
Kola Karim's Shoreline Group signs a $300 million deal with Accor to build 10 hotels across 8 Nigerian cities by 2030
Kola Karim's Shoreline Group has signed a $300 million deal with Accor to develop 10 hotels across 8 Nigerian cities by 2030, creating Nigeria's first nationwide hotel platform.
Aliko Dangote is targeting a $50 billion valuation for his refinery IPO in what could be Africa's biggest ever stock market offering
Aliko Dangote is targeting a $50 billion valuation for his refinery IPO on the Nigerian Exchange in what could be Africa's biggest stock offering ever.
Tony Elumelu's Heirs Holdings-backed Redtech debuts on Financial Times Africa's fastest-growing companies list
Tony Elumelu's Heirs Holdings-backed Redtech has debuted on the Financial Times Africa's Fastest Growing Companies 2026 list, ranking 32nd out of 130.
Meet Attia Nasreddin, the Eritrean-born chairman who runs Nigeria's NASCO Group from Jos
Attia Nasreddin chairs NASCO Group, the Jos-based Nigerian conglomerate his father founded in 1963 with sub-Saharan Africa's first jute bag factory.
Equity Group CEO James Mwangi says African governments must fix three structural barriers or risk losing the investment decade
Equity Group CEO James Mwangi told the Africa Forward Summit in Nairobi that African governments must fix three structural barriers or risk losing the investment decade.
Aliko Dangote sits inside Macron's $27 billion Africa investment moment in Nairobi
Aliko Dangote joined more than 30 heads of state in Nairobi as French President Emmanuel Macron unveiled a $27 billion African investment package.
France's influence in Africa is shrinking fast. Macron's $27 billion Nairobi summit is his most ambitious attempt to reverse it
Emmanuel Macron has announced €23 billion ($27 billion) in investment commitments at the Africa Forward Summit in Nairobi, France's first major summit co-hosted with an English-speaking African country.
Madagascar's richest Man Ylias Akbaraly says the country's political crisis is scaring everyone away from investment
Madagascar's richest man Ylias Akbaraly says the political crisis is frightening investors away as a France-Madagascar diplomatic standoff deepens.
Kenyan advertising magnate Bharat Thakrar moves to oust WPP Scangroup's entire board over five years of losses and a 62% share price collapse
Bharat Thakrar and minority shareholders holding 13.59% of WPP Scangroup have demanded a special general meeting to remove the entire board after five straight years of losses.
Kenyan tycoon David Langat's DL Group denies tea asset sale reports as financial pressure mounts
DL Group dismissed reports of a possible tea asset sale as inaccurate even as its founder faces multiple live debt actions across his core Kenyan assets.
Ruto and Macron break a 53-year tradition as Nairobi hosts the Africa-France Summit
Heirs Holdings chairman Tony Elumelu leads the new business coalition as Emmanuel Macron and William Ruto co-host the first non-Francophone Africa-France summit.
Rostam Aziz's Taifa Group backs Lake Victoria Gold's push toward gold production in Tanzania
Tanzanian tycoon Rostam Aziz's Taifa Group is acquiring equity in Lake Victoria Gold and handling construction at its Imwelo project, which is preparing for production.
Patrice Motsepe's African Rainbow Energy takes majority control of SOLA Group in 1.2 billion dollars renewables deal
Patrice Motsepe's African Rainbow Energy has lifted its stake in SOLA Group from 41% to 83%, taking control of an R20 billion ($1.2 billion) renewables portfolio.
South African billionaire Christo Wiese unlocks $61 million from Shoprite stake while retaining voting power
Christo Wiese raised about R1 billion from his Shoprite stake through Titan Fincap without giving up the voting rights that keep him influential in the retailer.
Cobus Loots's $219 million move on Emmerson Resources gives Pan African full control of Australia's richest gold district
Cobus Loots's Pan African Resources has received court approval to acquire Emmerson Resources in a $219 million all-share deal that will consolidate full ownership of the Tennant Creek gold project and add a third stock exchange listing.
Patrice Motsepe's foundation hands $1 million to the Cameroon startup turning trash into industrial gold
BleagLee, a Cameroonian startup converting plastic and e-waste into high-value materials using AI, has taken the $1 million Milken-Motsepe grand prize.
Zimbabwean billionaire Strive Masiyiwa's Cassava plans 20MW Joburg AI factory as Cape Town goes live
Strive Masiyiwa's Cassava Technologies is planning a 20MW AI factory in Johannesburg with 12,000 to 13,000 GPUs targeted across Africa as its Cape Town facility prepares to go live.
James Makamba's Telecel Zimbabwe stake is every buyer's biggest headache
Buying Telecel Zimbabwe means inheriting a tangle of ownership claims, including James Makamba's Kestrel Corporation stake and other unresolved competing interests.
Jason Quinn's Nedbank opens its $855 million bid for Kenya's NCBA and shareholders have six weeks to decide
Nedbank CEO Jason Quinn has opened a $855 million tender offer for a 66% controlling stake in Kenya's NCBA Group, one of the largest cross-border banking transactions in African history, with shareholders given until July 10 to respond.
Johann Rupert saved his father's car collection from oblivion and turned it into one of the Southern Hemisphere's finest museums
Johann Rupert rescued his father's historic car collection from closure in 2003 and turned it into the Franschhoek Motor Museum, now one of the finest collections in the Southern Hemisphere.
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
The Inside Story: Mombasa Over Tanga — What Dangote’s Refinery Site Pivot Tells Us About East African Political Economy and the Race for the Continental Energy Hub
Aliko Dangote's decision to lean toward Mombasa over Tanzania's Tanga port for a $15-17 billion East African refinery is the public crystallization of a regional political rift building for weeks.
Executive Insight: Macron’s $27 Billion African Pivot — What the Africa Forward Summit Tells Foreign Investors About the End of Françafrique and the New Architecture of European Capital in Africa
Macron's $27 billion Nairobi summit is the deliberate end of Françafrique and the substitution of private-sector European capital for the public-sector colonial architecture that preceded it.
African Wealth Briefing — Wed., May 13, 2026
Aliko Dangote anchors Macron's $27 billion Nairobi summit and confirms Mombasa as his preferred $17 billion East African refinery site; Sawiris reorganizes Orascom for the $50 billion Abu Dhabi platform.
Equity Group CEO James Mwangi says African governments must fix three structural barriers or risk losing the investment decade
Equity Group CEO James Mwangi told the Africa Forward Summit in Nairobi that African governments must fix three structural barriers or risk losing the investment decade.
Ghanaian tycoon Daniel Ofori wins the final round of his 18-year legal war against Ecobank at the Supreme Court
Ghana's Supreme Court has dismissed Ecobank Ghana's final legal attempt to avoid paying compound interest to investor Daniel Ofori in a dispute that began in 2008.
Koos Bekker's Prosus offloads another 5% of Delivery Hero to Aspex for €335 million under EU pressure
Koos Bekker's Prosus sold a 5 percent Delivery Hero stake to Hong Kong's Aspex for €335 million in its second EU-mandated divestment.
Algeria is trying to sell jailed tycoon Ali Haddad's Barcelona hotel but a mystery contract is blocking the deal
Algeria is attempting to sell a Barcelona hotel belonging to jailed billionaire Ali Haddad, but a pre-existing contract is blocking the transaction, French-language reporting confirms.
Cameroonian media mogul Jean-Pierre Amougou Belinga's murder trial delayed a month over counsel absence
The murder trial of Cameroon media tycoon Jean-Pierre Amougou Belinga has been adjourned for a month after a key defence lawyer traveled abroad during proceedings.
Nigeria's richest woman Folorunsho Alakija ends her decade as UNIOSUN chancellor and hands over to BOVAS founder Victoria Samson
Folorunsho Alakija has ended her decade as Osun State University chancellor, with BOVAS Oil and Gas founder Victoria Samson named as her successor on May 10.
Cameroon's presidency orders official checks into billionaire Baba Danpullo's three-year legal war against MTN as dispute enters new phase
The Cameroon presidency has ordered official checks into the long-running legal dispute between billionaire Baba Danpullo and MTN Cameroon, signaling new scrutiny of one of Central Africa's most consequential business fights.
Moroccan billionaire Anas Sefrioui sells his French cement plant and doubles down on Africa
Moroccan billionaire Anas Sefrioui has sold his only French cement plant and is redirecting capital toward Africa, where his CIMAF network already spans more than a dozen countries.
Patrice Motsepe doubles SOLA Group stake to 83% in R20 billion bet on South Africa's renewables boom
Patrice Motsepe's African Rainbow Energy raised its stake in SOLA Group to 83 percent, taking control of South Africa's largest corporate renewables platform.
Kola Karim's Shoreline Group signs a $300 million deal with Accor to build 10 hotels across 8 Nigerian cities by 2030
Kola Karim's Shoreline Group has signed a $300 million deal with Accor to develop 10 hotels across 8 Nigerian cities by 2030, creating Nigeria's first nationwide hotel platform.
Aliko Dangote sits inside Macron's $27 billion Africa investment moment in Nairobi
Aliko Dangote joined more than 30 heads of state in Nairobi as French President Emmanuel Macron unveiled a $27 billion African investment package.
Anil Dua buys First HoldCo shares worth 119,000 dollars as insider purchase rides bank rally
Anil Dua, a non-executive director on First Bank of Nigeria's board, has bought 2.56 million First HoldCo shares worth N177.9 million ($119,000).
France's influence in Africa is shrinking fast. Macron's $27 billion Nairobi summit is his most ambitious attempt to reverse it
Emmanuel Macron has announced €23 billion ($27 billion) in investment commitments at the Africa Forward Summit in Nairobi, France's first major summit co-hosted with an English-speaking African country.
