Inside the rise of Morocco’s 35-year-old billionaire heir Moulay Mhamed Elalamy
Morocco’s 35-year-old billionaire heir is quietly reshaping Saham—driving banking expansion, credit growth, and billion-dollar deals once led by his father.
Burkina Faso’s richest banker Idrissa Nassa drives Coris Bank to $60 million H1 profit
Idrissa Nassa’s Coris Bank International posts a $60M profit in H1 2025, powered by strong deposits and rising banking income despite higher risk costs.
Egypt’s richest family bags $15.1M dividend as Orascom posts $1.96B H1 revenue
Egypt’s Sawiris family, the country’s wealthiest dynasty, secured a $15.1M dividend from Orascom’s H1 results as revenue reached $1.96B.
South Africa’s Datatec CEO Jens Montanana lifts stake to $141.8 million
Datatec CEO Jens Montanana has lifted his stake to R2.5 billion ($141.8 million), signaling confidence in the South African ICT group.
King Mohammed VI: Inside the empire of Africa’s richest king
King Mohammed VI of Morocco, Africa’s wealthiest monarch, runs a vast empire through Al Mada, spanning banking, mining, telecoms, energy and even electric vehicles.
Inside Africa’s billionaire foundations reshaping health and education
Across Africa, billionaire-backed foundations are funding schools, clinics and jobs, reshaping philanthropy into structured platforms that transform lives.
Nigerian beverage billionaire Adebola Adegunwa takes on Coca-Cola and plastic waste
Nigerian billionaire Adebola Adegunwa, owner of Rite Foods, challenges Coca-Cola while tackling plastic waste with bold clean-up campaigns and sustainability projects.
5 Nigerian women who own oil blocks
In Nigeria’s upstream oil, long dominated by men, five women now own blocks in exploration, discovery, and production.
He sold Telecel for $200M, owned Hotel Rwanda and a wine estate: Miko Rwayitare’s empire
Miko Rwayitare built Africa’s first mobile network, sold it for $200M, owned Hotel Rwanda and a Cape wine estate. His legacy endures.
Burkina Faso's richest man Mahamadou Bonkoungou suffers setback as Gabon ends EBOMAF deal
Burkinabe billionaire Mahamadou Bonkoungou’s EBOMAF loses a key Gabon contract, a rare setback for the tycoon’s fast-growing West African infrastructure empire.
Cameroon’s richest woman loses cocoa export crown after Cargill split
Kate Fotso’s Telcar Cocoa lost its top spot in Cameroon’s cocoa trade after ending a two-decade partnership with U.S. giant Cargill.
Khalil’s stake in Egypt’s Raya nears $50M as profit climbs 36%
Raya Holding’s profits jumped 36% in the first half of 2025, boosting founder Medhat Khalil’s stake in the Egyptian investment firm to nearly $50 million
Nigerian tycoon Segun Lawson, partners hold $40 million stake in nation’s top gold mine
Riding record profits from its Nigerian mine, Thor Explorations’ stock has soared nearly 270%, boosting the fortune of its founder, Segun Lawson and his Nigerian partners.
Namibian tycoon Knowledge Katti owns stake in Sintana Energy worth $11-million
Katti’s place on Sintana’s board and his multimillion-dollar stake tie him directly to Namibia’s rising oil ambitions.
Motsepe-backed Harmony Gold gets clearance for $1-billion copper deal
Patrice Motsepe’s Harmony-backed mining giant gets green light to buy Australian copper company in $1-billion deal.
Billionaire heiress Mary-Ann Musangi tapped to lead Kenya’s tourism rebrand
Mary-Ann Musangi, heir to Chris Kirubi’s business empire, will chair the 23-member task force tasked with repositioning “Magical Kenya.”