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Nigerian billionaire Abdul Samad Rabiu says Africa is protecting the wrong people and his Mali sugar deal proves it
BUA Group chairman Abdul Samad Rabiu says African governments are protecting rent-seekers over producers, using a blocked Mali sugar deal as his evidence.
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Ken Sharpe's Millennium Heights is selling out fast as Harare investors chase Airbnb returns
Ken Sharpe's Millennium Heights has sold 366 of its 1,000 planned Harare apartments as investors target Zimbabwe's growing short-term rental market.
Africa CDC and Stephen Saad's Aspen strike talks on a plan to end Africa's vaccine import dependency
Africa CDC and Aspen Pharmacare announced advanced talks on a long-term vaccine supply framework on the sidelines of the Africa Forward Summit in Nairobi.
Billionaire Zak Calisto's Karooooo delivers record earnings in FY2026 and raises dividend 20% as Cartrack accelerates across Africa
Karooooo posted record subscription revenue and adjusted EPS in FY2026, with Cartrack South Africa accelerating to 23% ARR growth and a 20% dividend increase declared.
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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.
Billionaire Hisham Talaat Moustafa's TMG posts 24% Q1 profit jump to 110 million dollars
Hisham Talaat Moustafa's TMG posted a 24% Q1 profit rise to EGP 5.5 billion ($110 million) on strong Egyptian and Saudi real estate sales.
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.
Nigerian billionaire Abdul Samad Rabiu says Africa is protecting the wrong people and his Mali sugar deal proves it
BUA Group chairman Abdul Samad Rabiu says African governments are protecting rent-seekers over producers, using a blocked Mali sugar deal as his evidence.
Nigerian tycoon Arthur Eze's Oranto Petroleum loses another block as Uganda rejects permit renewals over lack of work
Arthur Eze's Oranto Petroleum has lost block B3 in South Sudan after Juba refused to renew the permit over a lack of mandatory work on the site.
Nigerian billionaire Femi Otedola acquires additional FirstHoldCo shares worth $31.6 million, lifting his stake to 19.36%
Femi Otedola has spent N43.4 billion buying 549.5 million more FirstHoldCo shares, lifting his total stake to 19.36% in his biggest single purchase since becoming chairman in January 2024.
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.
Tanzania's richest man Mohammed Dewji plans $50 million Mombasa plant to take on Coca-Cola in Kenya
Mohammed Dewji's MeTL Group plans a Sh6.5 billion ($50 million) soft drinks factory in Mombasa to sell Mo Cola at Sh15 a bottle, directly challenging Coca-Cola's dominance in East Africa's biggest economy.
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.
Angolan banker Alvaro Sobrinho is back under scrutiny in Portugal over billions that vanished from BES Angola
CNN Portugal has renewed focus on Alvaro Sobrinho and the disappearance of billions from BES Angola, reviving scrutiny of one of Lusophone Africa's biggest financial scandals.
Ken Sharpe's Millennium Heights is selling out fast as Harare investors chase Airbnb returns
Ken Sharpe's Millennium Heights has sold 366 of its 1,000 planned Harare apartments as investors target Zimbabwe's growing short-term rental market.
Africa CDC and Stephen Saad's Aspen strike talks on a plan to end Africa's vaccine import dependency
Africa CDC and Aspen Pharmacare announced advanced talks on a long-term vaccine supply framework on the sidelines of the Africa Forward Summit in Nairobi.
Billionaire Zak Calisto's Karooooo delivers record earnings in FY2026 and raises dividend 20% as Cartrack accelerates across Africa
Karooooo posted record subscription revenue and adjusted EPS in FY2026, with Cartrack South Africa accelerating to 23% ARR growth and a 20% dividend increase declared.
Norway's sovereign wealth fund acquires 5% stake in South African billionaire Patrice Motsepe's ARM
Norges Bank, manager of Norway's $1.8 trillion sovereign wealth fund, has disclosed a 5.02% stake worth approximately R3 billion in Patrice Motsepe's African Rainbow Minerals.
Isabel dos Santos was Africa's first female billionaire. Now she is the continent's most wanted businesswoman
Isabel dos Santos was Africa's first female billionaire. Today her assets are frozen across four countries and Interpol has issued a warrant for her arrest.
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.
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
Angolan banker Alvaro Sobrinho is back under scrutiny in Portugal over billions that vanished from BES Angola
CNN Portugal has renewed focus on Alvaro Sobrinho and the disappearance of billions from BES Angola, reviving scrutiny of one of Lusophone Africa's biggest financial scandals.
Nigerian billionaire Abdul Samad Rabiu says Africa is protecting the wrong people and his Mali sugar deal proves it
BUA Group chairman Abdul Samad Rabiu says African governments are protecting rent-seekers over producers, using a blocked Mali sugar deal as his evidence.
Nigerian tycoon Arthur Eze's Oranto Petroleum loses another block as Uganda rejects permit renewals over lack of work
Arthur Eze's Oranto Petroleum has lost block B3 in South Sudan after Juba refused to renew the permit over a lack of mandatory work on the site.
Ken Sharpe's Millennium Heights is selling out fast as Harare investors chase Airbnb returns
Ken Sharpe's Millennium Heights has sold 366 of its 1,000 planned Harare apartments as investors target Zimbabwe's growing short-term rental market.
Africa CDC and Stephen Saad's Aspen strike talks on a plan to end Africa's vaccine import dependency
Africa CDC and Aspen Pharmacare announced advanced talks on a long-term vaccine supply framework on the sidelines of the Africa Forward Summit in Nairobi.
Billionaire Zak Calisto's Karooooo delivers record earnings in FY2026 and raises dividend 20% as Cartrack accelerates across Africa
Karooooo posted record subscription revenue and adjusted EPS in FY2026, with Cartrack South Africa accelerating to 23% ARR growth and a 20% dividend increase declared.
Tanzania's richest man Mohammed Dewji plans $50 million Mombasa plant to take on Coca-Cola in Kenya
Mohammed Dewji's MeTL Group plans a Sh6.5 billion ($50 million) soft drinks factory in Mombasa to sell Mo Cola at Sh15 a bottle, directly challenging Coca-Cola's dominance in East Africa's biggest economy.
Femi Otedola pushes his First HoldCo stake toward 20% with a fresh N43 billion purchase
Femi Otedola has made a fresh N43 billion open-market purchase of First HoldCo shares, his biggest single acquisition since taking the chairman's seat in 2024.
Norway's sovereign wealth fund acquires 5% stake in South African billionaire Patrice Motsepe's ARM
Norges Bank, manager of Norway's $1.8 trillion sovereign wealth fund, has disclosed a 5.02% stake worth approximately R3 billion in Patrice Motsepe's African Rainbow Minerals.
Nigerian billionaire Femi Otedola acquires additional FirstHoldCo shares worth $31.6 million, lifting his stake to 19.36%
Femi Otedola has spent N43.4 billion buying 549.5 million more FirstHoldCo shares, lifting his total stake to 19.36% in his biggest single purchase since becoming chairman in January 2024.
Idrissa Nassa's Coris Holding joins a $430 billion banking coalition targeting Africa's $50 billion agricultural trade gap
Idrissa Nassa's Coris Holding has joined a 17-institution coalition targeting a $50 billion gap in African agricultural trade financing at the Nairobi summit.
Alexx Ekubo built one of Nollywood's most commercially savvy careers. He died at 40 before anyone knew he was sick
Alexx Ekubo, one of Nollywood's most recognizable actors and commercially savvy entertainers, has died at 40 after a prolonged battle with liver cancer, leaving the Nigerian entertainment industry in mourning.
Isabel dos Santos was Africa's first female billionaire. Now she is the continent's most wanted businesswoman
Isabel dos Santos was Africa's first female billionaire. Today her assets are frozen across four countries and Interpol has issued a warrant for her arrest.
Billionaire Hisham Talaat Moustafa's TMG posts 24% Q1 profit jump to 110 million dollars
Hisham Talaat Moustafa's TMG posted a 24% Q1 profit rise to EGP 5.5 billion ($110 million) on strong Egyptian and Saudi real estate sales.
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.
