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Mohamed Jaffer’s Bulkstream holds wheat over $1.1 million fees in Mombasa dispute
Bulkstream retains 1,514 tonnes of wheat in Mombasa over $1.1 million unpaid fees amid legal dispute with Ugandan importer.
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Mohamed Jaffer’s Bulkstream holds wheat over $1.1 million fees in Mombasa dispute
Bulkstream retains 1,514 tonnes of wheat in Mombasa over $1.1 million unpaid fees amid legal dispute with Ugandan importer.
Cameroon’s richest man, Baba Danpullo, blocked from selling Sodecoton stake
President Paul Biya halts Baba Ahmadou Danpullo’s plan to sell his Sodecoton stake, keeping Cameroon’s richest man in the cotton giant.
Zimbabwe’s Strive Masiyiwa launches Africa’s first multi-model AI platform
Strive Masiyiwa’s Cassava Technologies unveils Africa’s first multi-model AI platform, expanding access to advanced AI tools.
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South African tycoon Barry Swartzberg’s Discovery stake rises above $320 million
South African billionaire Barry Swartzberg’s Discovery stake rises above $320 million as shares recover on the JSE.
Palantir CEO Alex Karp unloads $110 million in stock within 100 days
Alex Karp has sold more than $110 million in Palantir shares within 100 days amid stock volatility and tax obligations.
Michael Jordan nears $4 billion net worth
Michael Jordan nears $4 billion fortune as his wealth hits $3.8 billion, ranking among the world’s richest Black billionaires.
Moroccan multimillionaire Alami Lazraq signs $320 million deal with Rixos to build luxury resorts
Alami Lazraq's Alliances Group has partnered with Turkey’s Rixos Hotels in a $320 million plan to expand Morocco’s high-end tourism footprint.
Egyptian tycoon Hani Berzi’s Edita posts $312 million in nine-month revenue
Edita posted $312 million in revenue for the first nine months of 2025, up 24%, with net profit rising 38% as exports and product innovation fuel growth.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rises above $1.3 billion
Aliko Dangote’s wealth falls below $30 billion after a decline in Dangote Cement shares amid investor caution and tax policy concerns.
Billionaire El-Sewedy family launches major industrial zone in Egypt
Egypt’s El-Sewedy family partners with Arabia Developments to launch a major industrial zone in New 6th of October City.
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, posts $298 million profit in 9M 2025
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, saw profit ease to $298.5 million in 9M 2025 even as revenue hit a record $4.22 billion.
Attijariwafa Bank Egypt, backed by Morocco’s royal family, unveils $10 million SME facility
Attijariwafa Bank Egypt and IFC launched a $10 million risk-sharing facility to expand SME lending, boost jobs, and support women-led businesses.
Sim Tshabalala-led Standard Bank expands into Egypt with new office
Standard Bank is launching a Cairo office on Nov. 12, strengthening Africa’s link to global capital markets.
Egyptian billionaire Naguib Sawiris' net worth drops below $10 billion amid gold decline
Naguib Sawiris’ net worth dips below $10 billion as falling gold prices cut $170 million from his fortune.
Cameroon’s richest man, Baba Danpullo, blocked from selling Sodecoton stake
President Paul Biya halts Baba Ahmadou Danpullo’s plan to sell his Sodecoton stake, keeping Cameroon’s richest man in the cotton giant.
Access Holdings, led by Aigboje Aig-Imoukhuede, vests shares to 689 staff
Access Holdings, led by Aigboje Aig-Imoukhuede, rewards 689 employees with shares under its incentive plan.
Aliko Dangote’s net worth slips below $30 billion as cement shares fall
Aliko Dangote’s wealth falls below $30 billion after a decline in Dangote Cement shares amid investor caution and tax policy concerns.
Africa’s richest man, Aliko Dangote, strikes fertilizer deal with German firm
Dangote Fertilizer signs a deal with Germany’s thyssenkrupp Uhde to boost Nigeria’s urea capacity and strengthen food security.
Senegal businesswoman wins $4.6 million to boost Gade Gui egg output
Adama Sène Cissé secures $4.6 million from Proparco to expand Gade Gui’s egg production, boosting Senegal’s local food supply.
Cameroonian tycoon Paul Fokam moves to launch Afriland First Bank in Chad
Cameroonian banker Paul Fokam plans to open Afriland First Bank subsidiary in Chad, expanding the group’s regional presence.
Nigerian pharma tycoon Fidelis Ayebae’s stake surges past $21 million
Fidelis Ayebae’s Fidson stake tops $21 million after a 158% stock rally, driven by growing demand for local drugs.
Cosmas Maduka: If Coscharis were listed, I’d be worth $5 billion
Nigerian entrepreneur Cosmas Maduka says Coscharis Group could make him worth $5 billion, reflecting decades of business growth and influence.
Mohamed Jaffer’s Bulkstream holds wheat over $1.1 million fees in Mombasa dispute
Bulkstream retains 1,514 tonnes of wheat in Mombasa over $1.1 million unpaid fees amid legal dispute with Ugandan importer.
Nigerian tycoon Tony Elumelu commits $1 billion to Kenya infrastructure
Nigerian tycoon Tony Elumelu commits $1 billion to Kenya’s infrastructure projects after meeting President William Ruto.
Naivas, controlled by Mauritian tycoon Arnaud Lagesse-led IBL, posts $19 million profit
Naivas, Kenya’s biggest retailer now led by Mauritius-based IBL Group, posted a 43% profit jump to $19 million in 2025 despite economic headwinds.
Kenyan banker James Mwangi-led Equity Group nine-month profit rises to $420 million
The solid performance reinforces the lender’s position among Africa’s most profitable financial services groups.
Kenyan tycoon Peter Munga’s wife stops Britam share sale
Kenyan court halts sale of 75 million Britam shares as Peter Munga’s wife claims joint ownership.
Kenyan tycoon David Langat eyes 2027 Governor bid in Nandi
Rift Valley tycoon David Langat says he may run for governor in 2027—likely in Nandi or Uasin Gishu—if grassroots support coalesces behind him.
Axian’s Hassanein Hiridjee seals $63 million deal for Kenya’s Wananchi
Axian Telecom agreed to acquire Wananchi Group for $63 million, adding enterprise fibre and connectivity assets in Kenya, Tanzania and Uganda.
Kenyan lawyer Desterio Oyatsi gains $6.7 million from NCBA stake surge
Oyatsi, who serves as the deputy group chairman of NCBA, owns 21.7 million units of the bank’s shares, representing a 1.32 percent stake in the lender.
Patrice Motsepe eyes Assmang millions as ARM haggles over dividend
African Rainbow Minerals is still negotiating how much cash it can unlock from Assmang, its manganese and iron-ore JV, after profits slumped.
Malawian billionaire Hitesh Anadkat’s FMB stake tops $2 billion
Hitesh Anadkat’s stake in FMB Capital tops $2 billion, driven by soaring shares and the bank’s growth across Southern Africa.
Zimbabwe’s Strive Masiyiwa launches Africa’s first multi-model AI platform
Strive Masiyiwa’s Cassava Technologies unveils Africa’s first multi-model AI platform, expanding access to advanced AI tools.
Barloworld, led by Dominic Sewela clears last hurdle in $1.3 billion buyout
Barloworld, led by Dominic Sewela, secures final approval for Newco’s $1.3 billion buyout, paving the way for JSE delisting.
Indian billionaire Anil Agarwal’s Vedanta commits $1.5 billion to Zambian mine
Vedanta, led by billionaire Anil Agarwal, plans $1.5B investment to boost Konkola copper mine output in Zambia by 2031.
South African mining tycoon Neal Froneman gains $6 million from Sibanye stake
Neal Froneman gains $6 million from his stake in Sibanye-Stillwater as the company's shares surge 221 percent in 2025.
Johann Rupert, South Africa’s richest man, loses nearly $1 billion in two weeks
Johann Rupert’s net worth falls nearly $1 billion as Richemont shares drop after EU fines on Chloé and other luxury brands.
Mary Vilakazi-led FirstRand flags extra UK provision risk
FirstRand warns of a possible extra UK provision as tensions rise with the Financial Conduct Authority.
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.
Ethiopian billionaire Mohammed Al-Amoudi signals return with new mega projects
Ethiopian-born Saudi billionaire Mohammed Al-Amoudi signals a return with new mega projects under MIDROC, pledging jobs and investment as Ethiopia eyes middle-income status.
Preem, linked to Ethiopian billionaire Mohammed Al-Amoudi, posts $2.7 billion in Q2 sales
Preem reports Q2 revenue below $3 billion and swings to a $93.6 million loss as refinery downtime and weaker margins weigh.
Ethiopia’s richest man Mohammed Al-Amoudi gains $2.2 billion; wealth nears $8 billion
Mohammed Al-Amoudi’s fortune rises $2.2 billion after Svenska sale, pushing his net worth toward $8 billion.
Sudan’s richest family, the Elnefeidis, seeks $17 million from the IFC to import wheat
Sudan's richest family, the Elnefeidis, is seeking a $19 million facility from the International Finance Corporation to support wheat imports for its Cameroon business.
Ethiopia’s richest man adds $1 billion, back to Bloomberg list after Preem's deal
The $1 billion rebound not only brought him back onto the list but pushed him up to 455th place.
Latest Posts
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.
Mohamed Jaffer’s Bulkstream holds wheat over $1.1 million fees in Mombasa dispute
Bulkstream retains 1,514 tonnes of wheat in Mombasa over $1.1 million unpaid fees amid legal dispute with Ugandan importer.
Moroccan multimillionaire Alami Lazraq signs $320 million deal with Rixos to build luxury resorts
Alami Lazraq's Alliances Group has partnered with Turkey’s Rixos Hotels in a $320 million plan to expand Morocco’s high-end tourism footprint.
Patrice Motsepe eyes Assmang millions as ARM haggles over dividend
African Rainbow Minerals is still negotiating how much cash it can unlock from Assmang, its manganese and iron-ore JV, after profits slumped.
Cameroon’s richest man, Baba Danpullo, blocked from selling Sodecoton stake
President Paul Biya halts Baba Ahmadou Danpullo’s plan to sell his Sodecoton stake, keeping Cameroon’s richest man in the cotton giant.
Malawian billionaire Hitesh Anadkat’s FMB stake tops $2 billion
Hitesh Anadkat’s stake in FMB Capital tops $2 billion, driven by soaring shares and the bank’s growth across Southern Africa.
Zimbabwe’s Strive Masiyiwa launches Africa’s first multi-model AI platform
Strive Masiyiwa’s Cassava Technologies unveils Africa’s first multi-model AI platform, expanding access to advanced AI tools.
Egyptian tycoon Hani Berzi’s Edita posts $312 million in nine-month revenue
Edita posted $312 million in revenue for the first nine months of 2025, up 24%, with net profit rising 38% as exports and product innovation fuel growth.
Access Holdings, led by Aigboje Aig-Imoukhuede, vests shares to 689 staff
Access Holdings, led by Aigboje Aig-Imoukhuede, rewards 689 employees with shares under its incentive plan.
Nigerian tycoon Tony Elumelu commits $1 billion to Kenya infrastructure
Nigerian tycoon Tony Elumelu commits $1 billion to Kenya’s infrastructure projects after meeting President William Ruto.
Aliko Dangote’s net worth slips below $30 billion as cement shares fall
Aliko Dangote’s wealth falls below $30 billion after a decline in Dangote Cement shares amid investor caution and tax policy concerns.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rises above $1.3 billion
Aliko Dangote’s wealth falls below $30 billion after a decline in Dangote Cement shares amid investor caution and tax policy concerns.
Barloworld, led by Dominic Sewela clears last hurdle in $1.3 billion buyout
Barloworld, led by Dominic Sewela, secures final approval for Newco’s $1.3 billion buyout, paving the way for JSE delisting.
Broken promises by wealthy nations: Africa needs to finance its energy addition, then transition
African oil and gas producers should also seek to maximize their own capacities as they develop their own subsurface resources.
Africa’s richest man, Aliko Dangote, strikes fertilizer deal with German firm
Dangote Fertilizer signs a deal with Germany’s thyssenkrupp Uhde to boost Nigeria’s urea capacity and strengthen food security.
Senegal businesswoman wins $4.6 million to boost Gade Gui egg output
Adama Sène Cissé secures $4.6 million from Proparco to expand Gade Gui’s egg production, boosting Senegal’s local food supply.
