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Wealth Intelligence: Who Owns Africa's Banks — Founders, Families and the New Shareholders Reshaping the Continent's Lenders, From Capitec to Afriland

Michiel le Roux's Capitec stake is worth $3.9 billion. The Kenyattas now own part of Nedbank, Paul Fokam has doubled Afriland's capital and Nigeria's bank chairmen have been buying. A guide to who owns Africa's banks, how ownership is changing, and what it means for investors.

,   and  Mfonobong Nsehe
10 min read
Wealth Intelligence: Who Owns Africa's Banks — Founders, Families and the New Shareholders Reshaping the Continent's Lenders, From Capitec to Afriland

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African Wealth Briefing — Mon., Nov. 9, 2026
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African Wealth Briefing — Mon., Nov. 9, 2026

Aliko Dangote's refinery stake will fall to about 84% after its record IPO. Michiel le Roux's Capitec stake climbed to $3.9 billion, and the Kenyattas became Nedbank shareholders. And Jean-Louis Billon's SIFCA opened Côte d'Ivoire's first biomass power plant.

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