African politicians who were billionaires before getting into office
Many African leaders are accused of seeking office for riches. This group arrived wealthy—often tens of millions—long before taking the oath.
Tanzanian billionaire Rostam Aziz’s $100 million gas plant in Kenya halted by court freeze
A Kenyan court has kept a freeze on Rostam Aziz’s Taifa Gas project, stalling the billionaire’s bid to transform East Africa’s LPG market.
Tanzanian tycoon Edhah Abdallah Munif hits roadblock in Kenya's Portland cement deal
Kenyan lawmakers stopped Tanzanian billionaire Edhah Abdallah Munif from buying Portland Cement shares at half price, citing undervaluation and foreign control concerns.
Egypt Kuwait Holding secures major drilling rights amid rising oil production in Egypt
Egypt Kuwait Holding’s Parenco Egypt wins North Sinai drilling rights in Cairo’s $121 million exploration deals, cementing Loay Jassim Al-Kharafi’s influence in Egypt’s energy sector.
Salwa Idrissi Akhannouch: Morocco’s retail Queen who built a luxury empire
Salwa Idrissi Akhannouch fused heritage and ambition to build Morocco’s leading luxury-retail empire—franchises, malls, beauty, and more—shaping commerce and culture alike.
Australian mining tycoon Colin Ikin, tied to Chagoury family, targets Nigerian lithium rights amid Jupiter dispute
Colin Ikin, linked to Nigeria’s influential Chagoury family, pushes for Kaduna’s lithium rights as Jupiter Lithium fights to keep its permits.
South African arms broker Mcebisi Mlonzi to supply Russian and Chinese weapons to Zimbabwe army
South African entrepreneur Mcebisi Mlonzi, CEO of TFM Defence & Aerospace, is negotiating a major arms deal with Zimbabwe involving Russian/Chinese small arms amid past corruption controversies.
Ghanaian tycoon Daniel McKorley says quiet hustle, not social media noise, builds empires
Daniel McKorley urges entrepreneurs to shield early-stage ventures from scrutiny, crediting “building in silence” for McDan Group’s rise across logistics, aviation, shipping, and mining.
Jay-Z calls sexual assault allegations a “false, malicious story” in new lawsuit
Jay-Z accuses a woman of fabricating sexual assault claims tied to Diddy, calling it an “evil conspiracy” to damage his reputation.
Ethiopian billionaire Mohammed Al-Amoudi signals return with new mega projects
Ethiopian-born Saudi billionaire Mohammed Al-Amoudi signals a return with new mega projects under MIDROC, pledging jobs and investment as Ethiopia eyes middle-income status.
Burkina Faso’s richest man begins work on 244km Gabon road link to boost trade
EBOMAF, led by Burkinabe entrepreneur Mahamadou Bonkoungou, begins a 244-km Yombi–Mandji–Omboué road project in Gabon, promising jobs, infrastructure upgrades, and stronger provincial links.
Nigerian billionaire Femi Otedola set for big returns as Geregu Power projects $29 million profit in 2025
Geregu Power, under Femi Otedola’s leadership, forecasts record 2025 earnings of ₦44 billion ($29 M), signaling strong revenue growth amid Nigeria’s power challenges.
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.