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Capitec billionaire Michiel le Roux gave the Democratic Alliance more than half its funding
Capitec founder Michiel le Roux gave R55 million to the Democratic Alliance, 53% of its funding, before South Africa's November elections.
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Capitec billionaire Michiel le Roux gave the Democratic Alliance more than half its funding
Capitec founder Michiel le Roux gave R55 million to the Democratic Alliance, 53% of its funding, before South Africa's November elections.
Malawian billionaire banking heir William Mpinganjira pumps $1.2 million into his football club
William Mpinganjira has spent $1.2 million on Ekhaya FC in three years. On Aug. 30 it plays Mighty Wanderers, owned by his father Thom.
Swiss billionaire Thomas Flohr's Vista Global weighs listing at more than $10 billion
Vista Global is weighing a European listing to raise more than $1 billion at a valuation above $10 billion. Thomas Flohr owns 84% of the company.
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The Inside Story: The $10 Billion Plan — How Mo Dewji Is Betting Tanzania's Biggest Fortune on Pan-African Expansion and EV Minerals
Mo Dewji turned his father's trading house into a $2 billion pan-African conglomerate and became Africa's youngest billionaire. Now, courting Mozambique and Botswana and betting on EV-battery graphite, he wants to triple MeTL to $10 billion by 2035. Inside the expansion.
Deep-Dive Report: Against the Board — How Hend El Sherbini Took Egypt's Biggest Diagnostics Group Private Over Her Own Directors' Objections
Hend El Sherbini runs Egypt's largest diagnostics group. This summer she took it private — over her own board's objection that the price was too low, and only after a mandatory bid triggered by buying out Elliott. Inside a contested buyout, and the wave pulling African firms off public markets.
Wealth Intelligence: One Great Bet — How Koos Bekker's $32 Million Wager on Tencent Still Defines Naspers, and the Discount He Leaves Behind
In 2001 Koos Bekker bet about $32 million on a small Chinese firm called Tencent. It became perhaps the greatest venture investment ever. Now, as he sets a 2028 exit amid an investor revolt, the discount and the hunt for "the next Tencent" are the problems he leaves behind.
Egyptian healthcare tycoon Hend El Sherbini borrows $60 million to take her company private
Riyada Managers lent Hena Holdings $60 million to fund the buyout of Integrated Diagnostics, the lab group Hend El Sherbini's mother founded.
Swvl raises $13m from Naguib Sawiris-backed Coefficient for US push
Four years after a $1.5bn SPAC listing that unravelled, Egypt's Swvl has raised $13 million led by Coefficient LP, the Houston firm backed by the Sawiris family — funding a US push and a new lending product for transport operators.
Moroccan canned fish billionaire Saïd Alj holds a $114 million stake in insurer Sanlam Maroc
Said Alj, the Moroccan behind Titus sardines, owns 7.206% of Sanlam Maroc, a stake worth $114 million after the Allianz Maroc merger.
Morocco has a new billionaire, Mohammed Bouzoubaa, with a $1.6 billion stake in TGCC
Morocco has another new billionaire in TGCC founder Mohammed Bouzoubaa, whose 19.3 million shares in the construction group are worth $1.62 billion.
Morocco has a new billionaire, construction tycoon M'hammed Kabbaj, worth $1.7 billion
Morocco has a new billionaire in SGTM chairman M'hammed Kabbaj, whose 22.2 million shares in the construction group are worth $1.72 billion.
King Mohammed VI's family owns $17.5 billion in listed Moroccan firms, two-thirds of it mining
Morocco's royal family controls 60% of Al Mada, giving it roughly $17.5 billion in publicly traded Moroccan companies, with $11.3 billion in mining.
Egyptian billionaire Nassef Sawiris lifts his OCI stake to 57.5% in takeover push
Nassef Sawiris bought a further 320,708 OCI shares on Wednesday, taking his combined holding to 57.5% as his takeover offer proceeds.
Egyptian billionaire Naguib Sawiris takes the chair at Orascom Investment and lends it $10 million
Naguib Sawiris has become chairman of Orascom Investment Holding, whose shareholders approved a loan of up to $10 million from its principal owner.
MTN seeks Nigerian buyers for 30 percent IHS stake worth up to $1.1 billion
MTN is hunting Nigerian buyers for 30% of IHS Nigeria, a sale that could raise $900m to $1.1bn. The sell-down is the price Nigeria's competition regulator set for clearing MTN's takeover of the continent's biggest tower operator.
Aliko Dangote family office to launch in 2027 as investment hub
Aliko Dangote's Dubai family office will become visible in the first quarter of 2027, his daughter Halima says, taking on governance, capital management and philanthropy for a group built to survive eight to 10 generations.
Africa's richest man says fuel import licences are squeezing his Nigerian refinery
Dangote Refinery says imported petrol took 43% of Nigeria's market in July and that licences are still being issued despite ample local capacity.
Ventures Platform closes $84 million fund after backing Moniepoint and Paystack
Ventures Platform closed its second fund at $84 million, above a $75 million target, with EBRD and Norfund joining as new investors.
Aliko Dangote to buy ships as Nigeria vessel shortage bites
Dangote plans to acquire its own ships after failing to find a vessel to move 1,000 tonnes of cement to Ghana, exposing Nigeria's export shipping shortage.
Nigerian billionaire Femi Otedola spends $9 million more on First HoldCo shares
Femi Otedola bought 95.7 million more First HoldCo shares at N131.48 on Monday, paying 6.1% less than he did ten days ago as the stock retreated.
Burkinabè billionaire Idrissa Nassa's Coris Bank commits $712 million to hospitals and schools
Idrissa Nassa's Coris Bank has committed to mobilise $712 million for four university hospitals and 27 schools under a memorandum signed in Ouagadougou.
Aliko Dangote pledges $432,000 for a Lagos girls' hostel and jobs for first-class graduates
The Aliko Dangote Foundation has pledged ₦600 million for a girls' hostel at Lagos State University and jobs for first-class graduates.
President Paul Kagame says Rwanda wants a stake in Dangote's $16 billion Kenyan refinery
Rwanda's President Paul Kagame has confirmed his country is in early talks about taking a stake in Aliko Dangote's planned $16 billion Lamu oil refinery, saying Rwanda would be "very happy" to participate.
Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
Aliko Dangote has offered Kenya a $500 million stake in his planned $20 billion Lamu oil refinery, with groundbreaking now targeted for September as East African governments weigh their participation.
Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
Madagascar's richest man Ylias Akbaraly criticises Elon Musk's mass layoffs in a new memoir, saying job cuts expose people to social death.
Esther Koimett becomes Middle East Bank Kenya's largest shareholder after inheriting Nicholas Biwott's stake
Esther Koimett, daughter of the late Kenyan billionaire and cabinet minister Nicholas Biwott, has emerged as Middle East Bank Kenya's largest individual shareholder with a 17.48% stake.
Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
Africa's richest man Aliko Dangote has selected Kenya's Lamu Island as the site for a $17 billion refinery that would transform East Africa's fuel supply.
High Court clears the way to distribute Simeon Nyachae's estate
A Kenyan court has dismissed a challenge by Simeon Nyachae's son, clearing the way to distribute the late politician's sprawling estate and business empire
Kenya signs $1.2 billion JKIA deal with China Road and Bridge; government says Chivayo firm did not bid
Chirchir stated that no Chivayo-linked company bid for the JKIA contract, naming China Road and Bridge Corporation as the signatory.
Family Bank founder Titus Muya and associates pocket $36.6 million paper gain as Kenyan lender surges 44% on NSE debut
Family Bank founder Titus Muya and his associates pocketed a $36.6 million paper gain as the Kenyan lender surged 44% on its NSE debut Tuesday.
Capitec billionaire Michiel le Roux gave the Democratic Alliance more than half its funding
Capitec founder Michiel le Roux gave R55 million to the Democratic Alliance, 53% of its funding, before South Africa's November elections.
Malawian billionaire banking heir William Mpinganjira pumps $1.2 million into his football club
William Mpinganjira has spent $1.2 million on Ekhaya FC in three years. On Aug. 30 it plays Mighty Wanderers, owned by his father Thom.
South African mining tycoon Daphne Mashile-Nkosi could lose her mine over a $375 million debt
A court cleared the IDC to put Kalagadi Manganese into business rescue over $375 million. The lender was Daphne Mashile-Nkosi's first backer.
South African billionaire Jannie Mouton's $450million school gift now faces criminal probe
Jannie Mouton's R7.2 billion ($450m) plan to buy out Curro and turn South Africa's biggest private school group into a charity has drawn a formal insider trading investigation — over shares bought before the announcement sent the stock up 60%.
South African billionaire Koos Bekker to retire as Naspers chair by 2028
Koos Bekker will retire as chair of Naspers and Prosus in the year to March 2028, ending three decades at the company he built around Tencent.
Blu Label, controlled by South Africa's Levy brothers, swings to a $306 million loss
Blu Label Unlimited posted a R4.9 billion loss after writing down Cell C, but paid a dividend for the first time in eight years.
South African wine magnate Wendy Appelbaum exports 75% of her output as volumes fall
South Africa's wine exports fell 13.8% by volume last year. Wendy Appelbaum's De Morgenzon ships three-quarters of its output to premium markets.
South African tycoon Jens Montanana's Datatec to return $432 million dividend to shareholders
Datatec will return about R7 billion ($432 million) to shareholders through a special dividend, after refinancing its Westcon unit with General Atlantic.
Morocco rejects plan to nationalise Ethiopian billionaire Mohammed Al-Amoudi's collapsed SAMIR refinery
Morocco's upper house has rejected a bid to nationalise the SAMIR refinery, the shuttered facility once owned by billionaire Mohammed Al-Amoudi that collapsed under $4 billion in debt.
Saudi-Ethiopian billionaire Mohammed Al Amoudi's MIDROC secures $80 million for Sheraton Addis upgrade
Mohammed Al-Amoudi's MIDROC Ethiopia has signed an $80 million IFC loan to refurbish the Sheraton Addis and build a second Sheraton hotel in Addis Ababa.
Qatar's billionaire Al-Khayyat family is bidding to build Africa's largest airport in Ethiopia
Qatar's Al-Khayyat family, through Power International Holding, is bidding to build Ethiopia's planned $12.5 billion Bishoftu airport and a 400-kilometre highway in the DRC.
Somali tycoon Amina Moghe Hersi's Atiak Sugar Factory has eaten $204 million and produced nothing in years. Uganda is demanding answers.
Uganda's parliament is demanding answers after Amina Moghe Hersi's Atiak Sugar Factory consumed $204 million in public and private funds without producing sugar in years.
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.
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Pham Thu Huong, vice chairwoman of Vingroup and wife of Vietnam's richest man Pham Nhat Vuong, has overtaken Vietjet chairwoman Nguyen Thi Phuong Thao to become Vietnam's richest woman with a $4 billion fortune.
African Wealth Briefing — Fri., Aug. 28, 2026
Koos Bekker, author of perhaps the greatest venture bet in history, set his 2028 retirement — in a room of investors revolting over the structure that keeps Naspers trading below the value of its assets.
The Inside Story: The $10 Billion Plan — How Mo Dewji Is Betting Tanzania's Biggest Fortune on Pan-African Expansion and EV Minerals
Mo Dewji turned his father's trading house into a $2 billion pan-African conglomerate and became Africa's youngest billionaire. Now, courting Mozambique and Botswana and betting on EV-battery graphite, he wants to triple MeTL to $10 billion by 2035. Inside the expansion.
Deep-Dive Report: Against the Board — How Hend El Sherbini Took Egypt's Biggest Diagnostics Group Private Over Her Own Directors' Objections
Hend El Sherbini runs Egypt's largest diagnostics group. This summer she took it private — over her own board's objection that the price was too low, and only after a mandatory bid triggered by buying out Elliott. Inside a contested buyout, and the wave pulling African firms off public markets.
Wealth Intelligence: One Great Bet — How Koos Bekker's $32 Million Wager on Tencent Still Defines Naspers, and the Discount He Leaves Behind
In 2001 Koos Bekker bet about $32 million on a small Chinese firm called Tencent. It became perhaps the greatest venture investment ever. Now, as he sets a 2028 exit amid an investor revolt, the discount and the hunt for "the next Tencent" are the problems he leaves behind.
Capitec billionaire Michiel le Roux gave the Democratic Alliance more than half its funding
Capitec founder Michiel le Roux gave R55 million to the Democratic Alliance, 53% of its funding, before South Africa's November elections.
Malawian billionaire banking heir William Mpinganjira pumps $1.2 million into his football club
William Mpinganjira has spent $1.2 million on Ekhaya FC in three years. On Aug. 30 it plays Mighty Wanderers, owned by his father Thom.
Swiss billionaire Thomas Flohr's Vista Global weighs listing at more than $10 billion
Vista Global is weighing a European listing to raise more than $1 billion at a valuation above $10 billion. Thomas Flohr owns 84% of the company.
Tanzanian billionaire Mohammed Dewji courts Botswana weeks after pledging $250 million to Mozambique
Mohammed Dewji met Botswana's president and central bank governor in Gaborone, days after committing more than $250 million to Mozambique.
Egyptian billionaire Yasseen Mansour's Palm Hills borrows $160 million to finish Cairo mega project
Two Egyptian state banks lent Palm Hills EGP 8 billion to finish its New Cairo project, days after the developer's profit fell 7%.
Malagasy billionaire Hassanein Hiridjee's Axian Telecom earns $980 million as profit falls
Axian Telecom's half-year revenue rose 26.5% to $980 million, but second-quarter profit fell to $33.2 million on Jumia and Wananchi valuations.
South African mining tycoon Daphne Mashile-Nkosi could lose her mine over a $375 million debt
A court cleared the IDC to put Kalagadi Manganese into business rescue over $375 million. The lender was Daphne Mashile-Nkosi's first backer.
Egyptian healthcare tycoon Hend El Sherbini borrows $60 million to take her company private
Riyada Managers lent Hena Holdings $60 million to fund the buyout of Integrated Diagnostics, the lab group Hend El Sherbini's mother founded.
Billionaire Michael Jordan's NBC deal ends after one season and a single interview
Michael Jordan is not expected to return to NBC's NBA coverage. His entire first season was one interview with Mike Tirico, split in five parts.
Rausing family dumps $1 billion of US stocks in biggest cut in years
The Swedish dynasty behind Tetra Pak cartons sold more than $1bn of US equities in the second quarter a fifth of its American holdings and its deepest cut in at least two years, as global wealth trims US exposure.
Jensen Huang's Nvidia to acquire open-source AI hub Hugging Face for $12.9 billion
Jensen Huang is reportedly paying $12.9bn for a company with $150m in revenue buying the repository where the world's open-source AI models live, just as his biggest customers build their own chips to escape him.
