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Nigerian billionaire Aliko Dangote’s refinery posts $5.5 billion EBITDA in nine months
Dangote's Lagos refinery made $4.7 billion in nine months, reversing a loss a year earlier, as investors weigh its $1.6 billion share sale.
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South African billionaire Patrice Motsepe's mining company sued by its partner
Assore has sued African Rainbow Minerals over who runs Assmang, the iron ore and manganese miner they own equally. ARM rejects the claims.
Nigerian billionaire Aliko Dangote’s refinery posts $5.5 billion EBITDA in nine months
Dangote's Lagos refinery made $4.7 billion in nine months, reversing a loss a year earlier, as investors weigh its $1.6 billion share sale.
Indian billionaire PNC Menon's Sobha buys land in Australia and eyes Sydney
The Dubai developer founded by billionaire PNC Menon has secured sites in Queensland and is weighing Sydney as it pushes into Australia and Texas.
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Wealth Intelligence: The $16 Billion Question — Why Forbes and Bloomberg Disagree on Aliko Dangote, and How His Refinery IPO Will Settle It
Forbes says $51.7 billion, Bloomberg $35.7 billion. Most of the gap is one asset that has never had a market price: the refinery. Its IPO implies a valuation of about $48 billion, and subscriptions close Tuesday. What Dangote owns, how it is valued, and what listing will settle.
Egyptian billionaire Naguib Sawiris's family seeks $150 million in London fraud trial
The family investment arm of Egyptian telecom billionaire Naguib Sawiris has opened a 10-week London trial over an alleged foreign exchange fraud.
Egyptian billionaire Ahmed Elsewedy plans to build electric cars in Algeria
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Egyptian billionaire Nassef Sawiris wins Dutch court fight with OCI shareholders
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Fintech founder Mounir Nakhla's MNT-Halan opens Egypt's biggest IPO in years
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Moroccan billionaire Aziz Akhannouch’s Afriquia Gaz posts MAD370 million profit in first half of 2026
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Egyptian businessman Ahmed Heikal's Qalaa Holdings to raise $74 million to clear bank debts and double refinery stake
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Nigerian billionaire Aliko Dangote’s refinery posts $5.5 billion EBITDA in nine months
Dangote's Lagos refinery made $4.7 billion in nine months, reversing a loss a year earlier, as investors weigh its $1.6 billion share sale.
Nigerian businesswoman Aisha Achimugu loses $7.5 million suit against anti-graft agency
A Federal High Court in Abuja has dismissed oil tycoon Aisha Achimugu's 10 billion naira rights suit over an EFCC search of her home.
Nigerian billionaire Aliko Dangote's refinery moves to appeal ruling backing fuel imports
Aliko Dangote's refinery has asked Nigeria's Court of Appeal for leave to challenge a judgment that keeps fuel import licences flowing to three rival marketers.
The 5 African billionaires with major stakes in Africa's 10 biggest banks
Five African billionaires, including Morocco's King Mohammed VI and Femi Otedola, hold stakes worth about $14 billion in four of Africa's biggest banks.
Nigerian billionaire Aliko Dangote extends his $1.6 billion refinery IPO
Aliko Dangote has extended his $1.6 billion refinery IPO by two weeks to let more Africans buy shares, saying demand already far exceeds the offer.
Ghanaian billionaire Ibrahim Mahama paid a third of Ghana's disputed evacuation bill
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Nigerian billionaire Arthur Eze named in $2 billion fight over oil pipelines
A former rebel leader says Nigeria's elite share $2 billion a year to guard pipelines, and named oil billionaire Arthur Eze. He offered no proof.
Senegalese billionaire oil heir Moussa Diao leads $1 billion buyout of African fuel giant Oryx
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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
Rwanda's President Paul Kagame has confirmed his country is in early talks about taking a stake in Aliko Dangote's planned $16 billion Lamu oil refinery, saying Rwanda would be "very happy" to participate.
Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
Aliko Dangote has offered Kenya a $500 million stake in his planned $20 billion Lamu oil refinery, with groundbreaking now targeted for September as East African governments weigh their participation.
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
Esther Koimett, daughter of the late Kenyan billionaire and cabinet minister Nicholas Biwott, has emerged as Middle East Bank Kenya's largest individual shareholder with a 17.48% stake.
Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
Africa's richest man Aliko Dangote has selected Kenya's Lamu Island as the site for a $17 billion refinery that would transform East Africa's fuel supply.
High Court clears the way to distribute Simeon Nyachae's estate
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South African billionaire Patrice Motsepe's mining company sued by its partner
Assore has sued African Rainbow Minerals over who runs Assmang, the iron ore and manganese miner they own equally. ARM rejects the claims.
South African billionaire Michiel le Roux's bank Capitec sheds its rental finance arm
Capitec, co-founded by billionaire Michiel le Roux, is selling its rental finance unit to Sasfin, and CEO Graham Lee calls it the "odd one out."
South African tycoon Mzi Khumalo risks losing his Zimbabwe gold mines
A $70 million payment Mzi Khumalo guaranteed for his Zimbabwe gold mines is unpaid, and his family trust's shares are pledged as security.
Zimbabwean billionaire Kudakwashe Tagwirei is sworn in as a cabinet minister
Kudakwashe Tagwirei, the US-sanctioned fuel and mining tycoon seen as President Mnangagwa's favored successor, has been sworn in as Zimbabwe's investment minister.
South African billionaire Koos Bekker is buying up a corner of England
Koos Bekker, the billionaire who turned Naspers into a Tencent fortune, now owns more than 2,700 acres of Somerset farmland, pubs and shops.
South African mining mogul Neal Froneman softens US stance after being called unpatriotic
Neal Froneman, who ran Sibanye-Stillwater for 12 years, has softened his call for the US to target South African policymakers after a Presidency rebuke.
South African billionaire Robert Gumede’s takeover target Tongaat Hulett to quit the JSE
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South African billionaire Patrice Motsepe says his current CAF term will be his last
South African billionaire Patrice Motsepe has confirmed he will step down as president of the Confederation of African Football when his term ends.
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Ethiopian billionaire Mohammed Al-Amoudi's failed refinery cost Morocco $7 billion
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Morocco rejects plan to nationalise Ethiopian billionaire Mohammed Al-Amoudi's collapsed SAMIR refinery
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South African billionaire Patrice Motsepe's mining company sued by its partner
Assore has sued African Rainbow Minerals over who runs Assmang, the iron ore and manganese miner they own equally. ARM rejects the claims.
Nigerian billionaire Aliko Dangote’s refinery posts $5.5 billion EBITDA in nine months
Dangote's Lagos refinery made $4.7 billion in nine months, reversing a loss a year earlier, as investors weigh its $1.6 billion share sale.
Indian billionaire PNC Menon's Sobha buys land in Australia and eyes Sydney
The Dubai developer founded by billionaire PNC Menon has secured sites in Queensland and is weighing Sydney as it pushes into Australia and Texas.
South Korean billionaire Lee Jae-yong to receive $1.9 billion in Samsung shares from mother
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Italian billionaire heir Leonardo Maria Del Vecchio admits drug use, attacks Ray-Ban boss
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French billionaire Bernard Arnault's fortune falls to $132 billion as LVMH sales slip
LVMH chairman Bernard Arnault's fortune keeps shrinking after a drop in Louis Vuitton and Dior sales in China sent the luxury giant's shares lower again.
Indian billionaire Mukesh Ambani overtakes Gautam Adani as India's richest person again
Reliance chairman Mukesh Ambani has passed Gautam Adani on Forbes' real-time list as a selloff in Adani Group shares cut the ports tycoon's fortune.
South African billionaire Michiel le Roux's bank Capitec sheds its rental finance arm
Capitec, co-founded by billionaire Michiel le Roux, is selling its rental finance unit to Sasfin, and CEO Graham Lee calls it the "odd one out."
Nigerian businesswoman Aisha Achimugu loses $7.5 million suit against anti-graft agency
A Federal High Court in Abuja has dismissed oil tycoon Aisha Achimugu's 10 billion naira rights suit over an EFCC search of her home.
Nigerian billionaire Aliko Dangote's refinery moves to appeal ruling backing fuel imports
Aliko Dangote's refinery has asked Nigeria's Court of Appeal for leave to challenge a judgment that keeps fuel import licences flowing to three rival marketers.
Egyptian billionaire Naguib Sawiris's family seeks $150 million in London fraud trial
The family investment arm of Egyptian telecom billionaire Naguib Sawiris has opened a 10-week London trial over an alleged foreign exchange fraud.
Elon Musk gives $276 million to Republicans in three months, becoming the midterms’ biggest donor
Elon Musk has given more than $276 million to Republican groups since July, making him the largest known donor of the 2026 midterms.
The 5 African billionaires with major stakes in Africa's 10 biggest banks
Five African billionaires, including Morocco's King Mohammed VI and Femi Otedola, hold stakes worth about $14 billion in four of Africa's biggest banks.
