Cameroon's richest woman Kate Fotso shuts Telcar Cocoa plants amid bean crisis
Kate Fotso has suspended Telcar Cocoa’s operations in Cameroon, citing a bean quality crisis that threatens both local farmers and global chocolate supply.
South African media mogul Terrence Moolman bags $6.6 million dividend as Caxton posts strong results
Caxton & CTP CEO Terence Moolman will pocket ZAR 116 million (USD 6.67 million) in dividends after the publisher raised payouts and delivered resilient earnings despite weak consumer spending.
Kenyan President Ruto’s family-linked Insurer now dominates 'Matatu' Market
Amaco, part-owned by President William Ruto’s family, has leapfrogged SK Macharia’s Directline to become Kenya’s biggest matatu insurer, upending the country’s public transport insurance business.
South African businesswoman Ipeleng Mkhari named chair of real estate giant Attacq
South African entrepreneur Ipeleng Mkhari has been named chairperson of Attacq Ltd, the ZAR 11 billion real estate investment trust behind Waterfall City. Her appointment signals fresh leadership and renewed growth ambitions for the property giant.
Nigerian-Lebanese billionaire Bassim Haidar scores big as Klarna IPO surges
Nigerian-Lebanese billionaire Bassim Haidar’s Knuru Capital bet on Klarna years ago. Klarna’s New York debut likely turned that stake into millions.
Nigerian media mogul Nduka Obaigbena faces pressure as court revives First Bank loan dispute
A Nigerian appellate court revived First Bank’s loan battle tied to Arise TV founder Nduka Obaigbena, intensifying scrutiny of his embattled media empire.
Orascom Construction’s Abu Dhabi debut marks a major shift for Egypt’s Sawiris dynasty
Orascom Construction, controlled by Egypt’s billionaire Sawiris family, began trading on Abu Dhabi’s ADX, shifting its primary listing from Nasdaq Dubai to boost growth.
How Thom Mpinganjira built Malawi’s largest bank, became its first billionaire, and conquered the world
In an exclusive chat with Billionaires.Africa, Thom Mpinganjira shares how he rose from humble beginnings to become Malawi’s first billionaire
Four black billionaires crack Forbes 400 as Oprah, Jay-Z, Tyler Perry miss cut
Forbes’ 2025 list sets a record $3.8B entry point. Only four black billionaires hit the mark—while Oprah, Jay-Z and Tyler Perry fall below the line.
Burkinabe billionaire Idrissa Nassa seals deal to acquire TotalEnergies Burkina
Idrissa Nassa’s Coris Invest Group has acquired TotalEnergies Burkina, marking a historic shift toward African ownership in the energy sector.
Kenyan tycoons in bitter court battle over SportPesa trademark
Kenya’s richest investors are battling in court for control of the SportPesa betting brand.
Kenyan tycoon David Langat finally pays Tanzanian tea farmers after several years
Kenyan businessman David Langat has started paying long-overdue debts to Tanzanian tea farmers, seven years after buying three major firms. His move signals a fresh start for the struggling industry.
South African billionaire Motsepe pockets $32.5 million ARM dividend
Billionaire Patrice Motsepe will earn R574.8M ($32.5M) in dividends from ARM despite a sharp earnings drop at his mining group.
Patrice Motsepe’s African Rainbow Minerals posts 47% profit drop, trims payout
African Rainbow Minerals’ profit slumped 47% as weaker iron ore prices and Bokoni losses offset gains in manganese; dividend reduced to R6 a share.
The quiet power of Christian Kerangall, Gabon’s richest man
Christian Kerangall, Gabon’s richest man, turned quiet dealmaking into an empire spanning banks, retail, and utilities—shaping the nation’s economy for generations.
Former Egyptian billionaire Ahmed Ezz returns to public life with industry board bid
Steel billionaire Ahmed Ezz has reemerged after years away, seeking a seat in Egypt’s metallurgical chamber elections with speculation about higher ambitions.