Table of Contents
Good morning from Billionaires.Africa.
Here is a brief on what we published yesterday.
Dangote dominated the day. His refinery now supplies 92% of Nigeria's petrol demand, pushing imports to the lowest level ever recorded. And in a separate move, he sealed a $4.2 billion, 25-year gas deal with China's GCL Group to build East Africa's biggest fertilizer plant in Ethiopia. Between the refinery and the fertilizer complex, Dangote is quietly building infrastructure leverage across two of Africa's largest economies simultaneously.
Elsewhere, Ibrahim Mahama's Engineers and Planners is leading the race to take over Gold Fields' Damang gold mine in Ghana. Burkina Faso's Mahamadou Bonkoungou showed up front row at Dassault's Falcon 10X unveiling in Bordeaux. Egypt's Talaat Moustafa Group was crowned the country's top listed developer by Forbes Middle East. And Elon Musk brought Starlink to the Central African Republic — while 90 million Iranians, trapped in a wartime internet blackout, flooded his mentions begging for the same.
Top Stories
Aliko Dangote slashes Nigeria petrol imports to historic low Locally refined products met 92% of national demand in February — the lowest petrol import figure Nigeria has ever recorded. The refinery averaged 39.6 million litres per day, with just 3.1 million arriving from foreign suppliers.
Dangote seals $4.2 billion gas deal with China's GCL Group for Ethiopia fertilizer plant A 25-year natural gas supply agreement to power what will be East Africa's largest urea fertilizer complex, deepening Dangote's continental expansion beyond refining and cement.
Deals & Moves
Ibrahim Mahama's Engineers and Planners leads race to take over Ghana's Damang gold mine from Gold Fields The Ghanaian billionaire's mining firm is positioning to acquire one of Ghana's major gold operations as Gold Fields looks to exit.
Burkina Faso tycoon Mahamadou Bonkoungou circles Dassault's new Falcon 10X as EBOMAF expands aviation ambitions Bonkoungou was a front-row guest at Dassault's Falcon 10X unveiling in Bordeaux, signalling the West African infrastructure magnate's growing appetite for aviation.
North Africa & Egypt
Talaat Moustafa Group ranked Egypt's top listed real estate developer for 2026 by Forbes Middle East TMG recorded contractual sales of $8 billion in 2025 and net profit climbed 43% to $381 million, capping a record year.
MNT-Halan CEO Mounir Nakhla targets EGP 30 billion in securitization and bond issuances by end of 2026 Egypt's fintech unicorn outlines an aggressive capital markets push as it continues scaling across lending and payments.
Tech & Connectivity
Elon Musk brings Starlink to the Central African Republic Digital access expands in one of Africa's least connected nations. As Musk shared the news, thousands of Iranians trapped in a wartime internet blackout flooded his mentions with urgent appeals for connectivity.
Wealth & Property
South African heiress who bought ex Coca-Cola boss's Belrose mansion for $8M now seeks $20M after major makeover Luciana Ravazzotti Langenhoven has listed the Belrose estate after years of renovations, chasing more than double what she paid.
Thought Leadership
South Africa's next CFOs will be judged on more than financial results CFOs are now strategic partners, tech guides, and board communicators. Companies that want that impact must build stronger finance teams underneath them.
This week's Investor Memo and Wealth Intelligence brief are now live for Elite subscribers:
→ Investor Memo: $126.7 Billion at the Peak — What Forbes Doesn't Tell You
