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Afreximbank underwrites $2.5 billion of a $4 billion loan for Aliko Dangote's refinery
Afreximbank has underwritten $2.5 billion of a $4 billion loan for Dangote's refinery, marking the pan-African lender's biggest single industrial commitment.
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Tycoon Simon Rudland's Swift Transport expands Zimbabwe fleet with 100 new trucks as his logistics empire continues to grow
Simon Rudland's Swift Transport is expanding its Zimbabwe fleet by 100 new trucks, the latest move in a billion-dollar empire spanning logistics, tobacco and mining.
Meet David Grain, the Brooklyn postal worker's son who built a $2.5 billion telecom empire and joined the Forbes billionaire list in 2026
David Grain grew up in Brooklyn watching his father build a trucking business and went on to build a $6.7 billion telecom private equity empire.
Afreximbank underwrites $2.5 billion of a $4 billion loan for Aliko Dangote's refinery
Afreximbank has underwritten $2.5 billion of a $4 billion loan for Dangote's refinery, marking the pan-African lender's biggest single industrial commitment.
Exclusive Content For Paid Supporters
Investor Memo: South Africa’s Fuel Reckoning: Two Weeks of Reserves, a Record Price Shock, and No Quick Fix
South Africa faces the largest fuel price adjustment in its history on April 1 — with two weeks of reserves, 75 percent diesel import dependence, and farmers at 20 percent allocations, we break down who is exposed and what comes next.
Deep-Dive Report: Africa's Refining Revolution — How the Hormuz Crisis Is Rewriting the Map
Africa spends $60 billion a year importing fuel it could refine at home — the Hormuz crisis just proved why that model is broken, and Dangote's 456,000-tonne export run shows the fix is already under way.
Exclusive Briefing: What We're Hearing — Africa's Energy Repricing in Real Time
Diesel and jet fuel are the real squeeze, Dangote has more inbound demand than it can service, Rabiu is building a parallel industrial empire, and South Africa is scrambling — here is what we are hearing as the war enters its fourth week.
Nassef Sawiris's Orascom Construction posts record $9 billion backlog and a 65% profit jump
Orascom Construction posted a record $9 billion backlog and a 65% profit jump in 2025 as the United States became a major growth driver for the group.
Moroccan billionaire Othman Benjelloun’s Bank of Africa makes Forbes MENA top 100
Othman Benjelloun's Bank of Africa ranked 88th in the Forbes Middle East 2026 list of the region's 100 most valuable companies.
Mohamed Mansour's San Diego FC emerges as frontrunner to sign Mohamed Salah after Liverpool exit
Mohamed Mansour's San Diego FC is among the clubs most prominently linked to signing Mohamed Salah after the Egyptian superstar confirmed his Liverpool exit.
Morocco's royal family-controlled Attijariwafa Bank is eyeing a stake in European AI startup Mistral
Morocco's biggest bank Attijariwafa is studying an investment in French AI startup Mistral AI after it launched a model targeting financial institutions.
Billionaire Yasseen Mansour's Palm Hills posts 29.55 percent profit jump to EGP 4.22 billion in 2025
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
Hesham El Ghoroury's Tiba wins Amethis backing to scale Egypt's rice-based food ingredients export push
Hesham El Ghoroury's Tiba for Starch & Glucose has secured a minority stake from Amethis to scale production capacity and expand into global export markets.
Turkish billionaire Fuat Tosyali pushes Algeria steel complex to 8 million tons with new cold rolling mill
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Afreximbank underwrites $2.5 billion of a $4 billion loan for Aliko Dangote's refinery
Afreximbank has underwritten $2.5 billion of a $4 billion loan for Dangote's refinery, marking the pan-African lender's biggest single industrial commitment.
BOAD backs Coris Bank with $52.5 million to support credit expansion
The West African Development Bank approved two refinancing lines totaling $52.5 million for Coris Bank International subsidiaries in Burkina Faso and Senegal.
Burkina Faso banker Simon Tiemtoré's Vista Group enters Central Africa with acquisition of Chad's Banque agricole et commerciale
Simon Tiemtoré's Vista Group has won regulatory approval to acquire Chad's BAC bank, marking the group's first entry into Central Africa.
Meet Nigerian businessman David Olurin, the quiet architect of Africa's commodity future
Nigerian businessman David Olurin is quietly building Cardinal Torch into a force in African commodities, linking local agricultural value chains to global capital and trade.
BUA Foods proposes a record N504 billion dividend that will hand billionaire Abdul Samad Rabiu about $323 million in a single payout
BUA Foods has proposed a record N504 billion dividend after profit nearly doubled in 2025, with founder Abdul Samad Rabiu set to pocket about $323 million.
Innocent Chukwuma's Innoson denies plans to relocate operations from Nigeria to Ghana
Innocent Chukwuma's Innoson Vehicle Manufacturing has denied circulating reports that it plans to relocate operations and investments from Nigeria to Ghana.
Abdul Samad Rabiu pushes BUA Cement toward 20Mtpa with new Edo and Sokoto plants
Abdul Samad Rabiu is expanding BUA Cement into Edo and Sokoto as the company's profit surged 381% and capacity targets hit 20 million tonnes.
Late Access Bank CEO Herbert Wigwe owned 106 properties in London, a new investigation into offshore real estate ownership reveals
Late Access Bank CEO Herbert Wigwe has been linked to 106 London properties in a sweeping new investigation into offshore ownership in the British capital.
James Mwangi, the Ndegwa and Kenyatta families to pocket Sh5.75 billion in Kenya bank dividends
Kenya's record bank profit year will deliver Sh5.75 billion in dividends to the country's richest investors including James Mwangi and the Ndegwa family.
Madagascar tycoon Hassanein Hiridjee backs USDh stablecoin through AXIAN Investment
AXIAN Group CEO Hassanein Hiridjee has backed Hamilton Labs' USDh stablecoin, betting digital dollars can solve Africa's savings and payments problems.
Tosin Eniolorunda's Moniepoint enters Kenya with 78 percent stake in Sumac Microfinance Bank
Tosin Eniolorunda's Moniepoint has acquired a 78 percent majority stake in Kenya's Sumac Microfinance Bank, marking the Nigerian fintech's first major entry into East Africa.
Ugandan multimillionaire and PepsiCO bottler Amos Nzeyi donates Shs150 million to build classrooms
Ugandan businessman Amos Nzeyi has donated Shs150 million to Rwere Primary School in Rubanda, funding two classroom blocks and 12 staff housing rooms.
Kenyan tycoon David Langat plans $200 million tertiary hospital in Eldoret
Balmer Healthcare and India's Apollo Hospitals plan a Sh26 billion tertiary hospital in Eldoret aimed at keeping Kenyans from going abroad for specialist treatment.
Kenya gives 97-year-old industrialist Manu Chandaria a National Heroes Award for a lifetime of philanthropy
Kenya awarded Manu Chandaria the National Heroes Award for philanthropy spanning decades of healthcare and education investment across East Africa.
Kenya's High Court orders review of criminal proceedings in the Sh4.5 billion Absa Bank fraud case against cement tycoon Benson Ndeta
Kenya's High Court has ordered a review of criminal proceedings against Benson Ndeta in a Sh4.5 billion Absa Bank fraud case involving forged documents.
NCBA, backed by Kenya's richest families, posts $180.3 million profit and lifts dividend 22.5% ahead of Nedbank takeover
NCBA Group posted KSh 23.4 billion ($180.3 million) in full-year profit and raised its dividend by 22.5% to KSh 7.1 per share for 2025.
Tycoon Simon Rudland's Swift Transport expands Zimbabwe fleet with 100 new trucks as his logistics empire continues to grow
Simon Rudland's Swift Transport is expanding its Zimbabwe fleet by 100 new trucks, the latest move in a billion-dollar empire spanning logistics, tobacco and mining.
Sysco agrees to buy Eswatini billionaire Nathan Kirsh's Jetro Restaurant Depot in a $29.1 billion deal that reshapes US food distribution
Sysco has agreed to buy Nathan Kirsh's Jetro Restaurant Depot for $29.1 billion in one of the biggest US food distribution deals in years.
Billionaire Koos Bekker's plan to build a futuristic succulent dome at his New Jersey estate is upsetting his neighbors
South African tech billionaire Koos Bekker is proposing a large succulent dome at his New Jersey estate, and the neighborhood is not staying quiet.
South African billionaire Zak Calisto's Cartrack fined R5 million
Cartrack, the vehicle tracking company founded by billionaire Zak Calisto, has agreed to pay a R5 million fine and refund over R5.1 million to customers.
Optasia founder Bassim Haidar sells $86.4 million in shares to FirstRand, cutting his stake five months after the company's JSE listing
Optasia founder Bassim Haidar has sold R1.48 billion in shares to FirstRand just five months after the fintech group's high-profile JSE listing.
Remgro CEO Jannie Durand warns South Africa could face fuel shortages
Remgro CEO Jannie Durand has warned that the Middle East conflict could trigger fuel shortages in South Africa, citing deep concern about supply chain stability.
South African billionaire Johann Rupert's Richemont stock slides as China luxury slump weighs on Swiss empire
Richemont shares are under pressure as China's luxury spending slump rattles Johann Rupert's Swiss-listed holding company behind Cartier.
Sasfin Wealth rebrands as Otto1890 as Sasfin exits banking and the JSE
Erol Zeki's Sasfin Wealth has rebranded as Otto1890, honoring founder Otto Pollak, as the broader Sasfin Group exits banking and the JSE.
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
Tycoon Simon Rudland's Swift Transport expands Zimbabwe fleet with 100 new trucks as his logistics empire continues to grow
Simon Rudland's Swift Transport is expanding its Zimbabwe fleet by 100 new trucks, the latest move in a billion-dollar empire spanning logistics, tobacco and mining.
Meet David Grain, the Brooklyn postal worker's son who built a $2.5 billion telecom empire and joined the Forbes billionaire list in 2026
David Grain grew up in Brooklyn watching his father build a trucking business and went on to build a $6.7 billion telecom private equity empire.
Afreximbank underwrites $2.5 billion of a $4 billion loan for Aliko Dangote's refinery
Afreximbank has underwritten $2.5 billion of a $4 billion loan for Dangote's refinery, marking the pan-African lender's biggest single industrial commitment.
Rupert's Reinet builds $5.6bn cash pile after PIC stake sale
Johann Rupert's Reinet boosted its cash reserves to about $5.6 billion after selling its Pension Insurance Corporation stake, raising speculation about dividends or strategic deals.
BOAD backs Coris Bank with $52.5 million to support credit expansion
The West African Development Bank approved two refinancing lines totaling $52.5 million for Coris Bank International subsidiaries in Burkina Faso and Senegal.
Burkina Faso banker Simon Tiemtoré's Vista Group enters Central Africa with acquisition of Chad's Banque agricole et commerciale
Simon Tiemtoré's Vista Group has won regulatory approval to acquire Chad's BAC bank, marking the group's first entry into Central Africa.
Sysco agrees to buy Eswatini billionaire Nathan Kirsh's Jetro Restaurant Depot in a $29.1 billion deal that reshapes US food distribution
Sysco has agreed to buy Nathan Kirsh's Jetro Restaurant Depot for $29.1 billion in one of the biggest US food distribution deals in years.
Nassef Sawiris's Orascom Construction posts record $9 billion backlog and a 65% profit jump
Orascom Construction posted a record $9 billion backlog and a 65% profit jump in 2025 as the United States became a major growth driver for the group.
Meet Nigerian businessman David Olurin, the quiet architect of Africa's commodity future
Nigerian businessman David Olurin is quietly building Cardinal Torch into a force in African commodities, linking local agricultural value chains to global capital and trade.
Jim Ovia's Zenith Bank posts Africa's highest brand value growth at 33.6%
Jim Ovia's Zenith Bank recorded the highest banking brand value growth in Africa in 2026, climbing 33.6 percent to $380 million.
African Wealth Briefing — Tue., March 31, 2026
BUA Foods proposes a record N504 billion dividend with Rabiu set to pocket $323 million, Kenya's richest bank investors collect Sh5.75 billion, AXIAN backs a stablecoin play, and Stella Oduah walks free from a N2.5 billion fraud case.
BUA Foods proposes a record N504 billion dividend that will hand billionaire Abdul Samad Rabiu about $323 million in a single payout
BUA Foods has proposed a record N504 billion dividend after profit nearly doubled in 2025, with founder Abdul Samad Rabiu set to pocket about $323 million.
James Mwangi, the Ndegwa and Kenyatta families to pocket Sh5.75 billion in Kenya bank dividends
Kenya's record bank profit year will deliver Sh5.75 billion in dividends to the country's richest investors including James Mwangi and the Ndegwa family.
Madagascar tycoon Hassanein Hiridjee backs USDh stablecoin through AXIAN Investment
AXIAN Group CEO Hassanein Hiridjee has backed Hamilton Labs' USDh stablecoin, betting digital dollars can solve Africa's savings and payments problems.
Billionaire Koos Bekker's plan to build a futuristic succulent dome at his New Jersey estate is upsetting his neighbors
South African tech billionaire Koos Bekker is proposing a large succulent dome at his New Jersey estate, and the neighborhood is not staying quiet.
NetJets takes delivery of Bombardier Global 8000, world's fastest business jet
Warren Buffett's NetJets has taken delivery of its first Bombardier Global 8000, the fastest civil aircraft since the Concorde retired in 2003.
