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South Africa's wealthy Moolman family just sold nine shopping malls for $124 million
The Moolman family sold nine shopping centres for R2 billion but still owns 1.2 million square metres of South African commercial property.
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Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
Mo Ibrahim told Zambia's Hakainde Hichilema not to waste his first-term progress, citing arrests, the death of a former MP and court closures.
South Africa's wealthy Moolman family just sold nine shopping malls for $124 million
The Moolman family sold nine shopping centres for R2 billion but still owns 1.2 million square metres of South African commercial property.
Filipino billionaire Enrique Razon is buying African ports after doubling his fortune to $21.8 billion
ICTSI, controlled by Filipino billionaire Enrique Razon, is buying TLG, a port operator in Mozambique, Namibia and South Africa. Price undisclosed.
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The Inside Story: The $10 Billion Plan — How Mo Dewji Is Betting Tanzania's Biggest Fortune on Pan-African Expansion and EV Minerals
Mo Dewji turned his father's trading house into a $2 billion pan-African conglomerate and became Africa's youngest billionaire. Now, courting Mozambique and Botswana and betting on EV-battery graphite, he wants to triple MeTL to $10 billion by 2035. Inside the expansion.
Deep-Dive Report: Against the Board — How Hend El Sherbini Took Egypt's Biggest Diagnostics Group Private Over Her Own Directors' Objections
Hend El Sherbini runs Egypt's largest diagnostics group. This summer she took it private — over her own board's objection that the price was too low, and only after a mandatory bid triggered by buying out Elliott. Inside a contested buyout, and the wave pulling African firms off public markets.
Wealth Intelligence: One Great Bet — How Koos Bekker's $32 Million Wager on Tencent Still Defines Naspers, and the Discount He Leaves Behind
In 2001 Koos Bekker bet about $32 million on a small Chinese firm called Tencent. It became perhaps the greatest venture investment ever. Now, as he sets a 2028 exit amid an investor revolt, the discount and the hunt for "the next Tencent" are the problems he leaves behind.
Egyptian healthcare tycoon Hend El Sherbini borrows $60 million to take her company private
Riyada Managers lent Hena Holdings $60 million to fund the buyout of Integrated Diagnostics, the lab group Hend El Sherbini's mother founded.
Swvl raises $13m from Naguib Sawiris-backed Coefficient for US push
Four years after a $1.5bn SPAC listing that unravelled, Egypt's Swvl has raised $13 million led by Coefficient LP, the Houston firm backed by the Sawiris family — funding a US push and a new lending product for transport operators.
Moroccan canned fish billionaire Saïd Alj holds a $114 million stake in insurer Sanlam Maroc
Said Alj, the Moroccan behind Titus sardines, owns 7.206% of Sanlam Maroc, a stake worth $114 million after the Allianz Maroc merger.
Morocco has a new billionaire, Mohammed Bouzoubaa, with a $1.6 billion stake in TGCC
Morocco has another new billionaire in TGCC founder Mohammed Bouzoubaa, whose 19.3 million shares in the construction group are worth $1.62 billion.
Morocco has a new billionaire, construction tycoon M'hammed Kabbaj, worth $1.7 billion
Morocco has a new billionaire in SGTM chairman M'hammed Kabbaj, whose 22.2 million shares in the construction group are worth $1.72 billion.
King Mohammed VI's family owns $17.5 billion in listed Moroccan firms, two-thirds of it mining
Morocco's royal family controls 60% of Al Mada, giving it roughly $17.5 billion in publicly traded Moroccan companies, with $11.3 billion in mining.
Egyptian billionaire Nassef Sawiris lifts his OCI stake to 57.5% in takeover push
Nassef Sawiris bought a further 320,708 OCI shares on Wednesday, taking his combined holding to 57.5% as his takeover offer proceeds.
Egyptian billionaire Naguib Sawiris takes the chair at Orascom Investment and lends it $10 million
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Nigeria’s Femi Otedola lost $1.2 billion, now he’s Africa’s fastest-growing billionaire
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Nigerian real estate mogul Sijibomi Ogundele repays $30 million debt as corruption inquiry continues
Sijibomi Ogundele says Sujimoto has repaid more than N40bn ($30m) and will be debt-free by January 2027. He makes the claim while an EFCC investigation into N5.7bn of Enugu State schools money remains open. He denies wrongdoing.
MTN seeks Nigerian buyers for 30 percent IHS stake worth up to $1.1 billion
MTN is hunting Nigerian buyers for 30% of IHS Nigeria, a sale that could raise $900m to $1.1bn. The sell-down is the price Nigeria's competition regulator set for clearing MTN's takeover of the continent's biggest tower operator.
Aliko Dangote family office to launch in 2027 as investment hub
Aliko Dangote's Dubai family office will become visible in the first quarter of 2027, his daughter Halima says, taking on governance, capital management and philanthropy for a group built to survive eight to 10 generations.
Africa's richest man says fuel import licences are squeezing his Nigerian refinery
Dangote Refinery says imported petrol took 43% of Nigeria's market in July and that licences are still being issued despite ample local capacity.
Ventures Platform closes $84 million fund after backing Moniepoint and Paystack
Ventures Platform closed its second fund at $84 million, above a $75 million target, with EBRD and Norfund joining as new investors.
Aliko Dangote to buy ships as Nigeria vessel shortage bites
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Nigerian billionaire Femi Otedola spends $9 million more on First HoldCo shares
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Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
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Billionaires Narendra Raval, Edha Nahdi bet $600 million on clinker as Sarbjit Rai enters cement business
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President Paul Kagame says Rwanda wants a stake in Dangote's $16 billion Kenyan refinery
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Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
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Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
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Esther Koimett becomes Middle East Bank Kenya's largest shareholder after inheriting Nicholas Biwott's stake
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Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
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High Court clears the way to distribute Simeon Nyachae's estate
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South Africa's wealthy Moolman family just sold nine shopping malls for $124 million
The Moolman family sold nine shopping centres for R2 billion but still owns 1.2 million square metres of South African commercial property.
Angolan tycoon Carlos São Vicente, jailed for embezzlement, says he could lose a kidney
Carlos São Vicente, jailed since 2020 over Angola's $900 million insurance case, says he faces kidney failure and sepsis without urgent surgery.
South African mining mogul Bridgette Motsepe-Radebe controls just one of her mines
Bridgette Motsepe-Radebe controls 51% of one colliery. Everything else her company Mmakau Mining holds is a minority stake in somebody else's operation.
South African lawyer Mathews Phosa built his fortune by taking equity instead of legal fees
Mathews Phosa helped mining communities list their assets and took equity as payment. He now chairs a London-listed miner and sits on some 20 boards.
South African billionaire Desmond Sacco got rich sharing one mine with Patrice Motsepe
Desmond Sacco and Patrice Motsepe each own half of Assmang and neither has bought the other out. The arrangement made both men billionaires.
Quinton van Rooyen bought Trustco for N$100 and built Namibia's most contested financial empire
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Capitec billionaire Michiel le Roux gave the Democratic Alliance more than half its funding
Capitec founder Michiel le Roux gave R55 million to the Democratic Alliance, 53% of its funding, before South Africa's November elections.
Malawian billionaire banking heir William Mpinganjira pumps $1.2 million into his football club
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Morocco rejects plan to nationalise Ethiopian billionaire Mohammed Al-Amoudi's collapsed SAMIR refinery
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Qatar's billionaire Al-Khayyat family is bidding to build Africa's largest airport in Ethiopia
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Somali tycoon Amina Moghe Hersi's Atiak Sugar Factory has eaten $204 million and produced nothing in years. Uganda is demanding answers.
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Saudi-Ethiopian Mohammed Al-Amoudi is worth $9 billion on Bloomberg but missing from the Forbes 2026 billionaires list and here is why
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Dahabshiil founder Abdirashid Duale pledges $150,000 as drought deepens in northern Somalia
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Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
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Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
Mo Ibrahim told Zambia's Hakainde Hichilema not to waste his first-term progress, citing arrests, the death of a former MP and court closures.
South Africa's wealthy Moolman family just sold nine shopping malls for $124 million
The Moolman family sold nine shopping centres for R2 billion but still owns 1.2 million square metres of South African commercial property.
Filipino billionaire Enrique Razon is buying African ports after doubling his fortune to $21.8 billion
ICTSI, controlled by Filipino billionaire Enrique Razon, is buying TLG, a port operator in Mozambique, Namibia and South Africa. Price undisclosed.
Angolan tycoon Carlos São Vicente, jailed for embezzlement, says he could lose a kidney
Carlos São Vicente, jailed since 2020 over Angola's $900 million insurance case, says he faces kidney failure and sepsis without urgent surgery.
South African mining mogul Bridgette Motsepe-Radebe controls just one of her mines
Bridgette Motsepe-Radebe controls 51% of one colliery. Everything else her company Mmakau Mining holds is a minority stake in somebody else's operation.
Nigeria’s Femi Otedola lost $1.2 billion, now he’s Africa’s fastest-growing billionaire
Femi Otedola's fortune rose 36% to $1.9 billion since March, faster than any other African billionaire, on a single concentrated bet on First HoldCo.
South African lawyer Mathews Phosa built his fortune by taking equity instead of legal fees
Mathews Phosa helped mining communities list their assets and took equity as payment. He now chairs a London-listed miner and sits on some 20 boards.
South African billionaire Desmond Sacco got rich sharing one mine with Patrice Motsepe
Desmond Sacco and Patrice Motsepe each own half of Assmang and neither has bought the other out. The arrangement made both men billionaires.
Billionaires Narendra Raval, Edha Nahdi bet $600 million on clinker as Sarbjit Rai enters cement business
Narendra Raval's West Pokot plant and Edha Nahdi's Kwale project commit roughly Sh77 billion ($600m) to clinker, the input East Africa has always imported. Now Sarbjit Singh Rai has filed for a third plant in Nyeri.
Nigerian real estate mogul Sijibomi Ogundele repays $30 million debt as corruption inquiry continues
Sijibomi Ogundele says Sujimoto has repaid more than N40bn ($30m) and will be debt-free by January 2027. He makes the claim while an EFCC investigation into N5.7bn of Enugu State schools money remains open. He denies wrongdoing.
US billionaire Tim Draper is selling his private island in Tanzania for $7.9 million
Tim Draper posted his Lake Tanganyika island for sale on X at $7.9 million, with no broker and no listing, taking offers at his own email address.
King Mohammed VI's Morocco hits $4.4 billion in trade with India as the two nations eye $2.6 billion in untapped exports
Morocco's bilateral trade with India has grown from $2.9 billion in 2021 to $4.4 billion in 2026, growing at 12.4% annually as King Mohammed VI's economic modernization drive deepens ties with Asia's third-largest economy.
Quinton van Rooyen bought Trustco for N$100 and built Namibia's most contested financial empire
Quinton van Rooyen bought a small Namibian property company for N$100 in 1992, built Trustco into a triple-listed financial services group, and has spent the last decade fighting to keep it from being taken from him.
How Mobile Payment Systems Are Driving the Online Casino Boom in Africa
Mobile money moved $1.4 trillion across Sub-Saharan Africa in 2025, and online gaming is the industry that has been rebuilt around it.
Pham Thu Huong overtakes Vietjet's Nguyen Thi Phuong Thao to become Vietnam's richest woman with $4 billion fortune
Pham Thu Huong, vice chairwoman of Vingroup and wife of Vietnam's richest man Pham Nhat Vuong, has overtaken Vietjet chairwoman Nguyen Thi Phuong Thao to become Vietnam's richest woman with a $4 billion fortune.
African Wealth Briefing — Fri., Aug. 28, 2026
Koos Bekker, author of perhaps the greatest venture bet in history, set his 2028 retirement — in a room of investors revolting over the structure that keeps Naspers trading below the value of its assets.
