Nigerian billionaire Mike Adenuga’s Conoil posts 262% jump in nine-month profit
Conoil Plc, the fuel marketer controlled by Nigerian billionaire Mike Adenuga, more than tripled its nine-month profit as revenue rose 37% to ₦280 billion.
Burkina Faso tycoon Mahamadou Bonkoungou’s $1.2 billion Gabon contracts face calls for audit
Gabonese opposition politician Michel Ongoundou Loundah has called for the publication of contracts awarded to Burkinabe tycoon Mahamadou Bonkoungou's Ebomaf group.
Nigerian billionaire TY Danjuma's SAPETRO buys 40% stake in TotalEnergies offshore oil block
SAPETRO, the oil company of Nigerian billionaire TY Danjuma, is buying 40% of TotalEnergies' OPL257 offshore block, which holds part of the Egina South discovery.
South African billionaire Sandile Zungu's group loses $10.8 billion lottery licence in court
A South African court has set aside the National Lottery licence awarded to Sizekhaya Holdings, the group led by AmaZulu FC owner Sandile Zungu.
Sudanese billionaire Mo Ibrahim says governance fell in 23 African countries
Sudanese-British billionaire Mo Ibrahim says Africa is living through an era of strongmen as his 2026 index shows governance worsening in 23 countries.
South African billionaires Rupert, Oppenheimer, Le Roux line up heirs to $30 billion
The sons of South African billionaires Johann Rupert, Nicky Oppenheimer and Michiel le Roux stand to inherit fortunes worth a combined $30 billion.
American chip billionaire Lisa Su's AMD to invest $1 billion in Meta
AMD, the chipmaker run by American billionaire Lisa Su, will buy $1 billion of Meta shares as the two companies expand their AI computing partnership.
American billionaire Mark Zuckerberg's Meta could burn $71 billion next year, S&P says
S&P Global Ratings turned negative on Meta, the company controlled by billionaire Mark Zuckerberg, warning its AI spending could drain $71 billion in 2027.
Nigerian billionaire Aliko Dangote wins Kenya case over $16 billion refinery
A Kenyan tribunal has dismissed a consumer group's challenge to Nigerian billionaire Aliko Dangote's planned $16 billion oil refinery in the coastal county of Lamu.
South African billionaire Ivan Saltzman's family loses $50 million as Dis-Chem shares crash
The Saltzman family's stake in Dis-Chem, the pharmacy chain Ivan and Lynette Saltzman founded, lost $50 million as shares had their worst day since 2018.
UK tax office puts over 200 billionaires under closer watch as rich leave
Britain's tax authority has assigned a dedicated compliance manager to each of more than 200 billionaires with UK tax ties, as wealthy residents keep leaving.
South African billionaire Patrice Motsepe's GoTyme bank tops 13 million customers
GoTyme Bank, the former TymeBank backed by Patrice Motsepe's African Rainbow Capital, has passed 13 million customers and plans a credit card in 2027.
Nigerian tech entrepreneur Iyinoluwa Aboyeji launches AI startup to train 1 million engineers
Iyinoluwa Aboyeji, who co-founded Andela and Flutterwave, has launched Talent Nation, a startup that aims to supply African AI engineers to companies worldwide.
Nigerian billionaire Tony Elumelu's Transcorp posts $82 million nine-month profit
Tony Elumelu's Transcorp, the Nigerian power and hotels group, posted ₦111.4 billion pre-tax profit in nine months as its cash pile more than doubled.
Egyptian pharma tycoon Ahmed Abu Al-Naga sells half of ATCO for $50 million
Private equity firm RMBV is taking 50% of ATCO Pharma, the Egyptian drugmaker run by Ahmed Abu Al-Naga, in a $50 million deal.
Harry Kane wins the Ballon d'Or after a 73-goal season
Harry Kane won the 2026 Ballon d'Or after scoring 73 goals for Bayern Munich and England, becoming the first English winner in 25 years.