NBA champion Masai Ujiri partners with Hilton to open first Rwanda hotel
Hilton has signed three new Tapestry Collection hotels across Sub-Saharan Africa, including a Kigali property by Masai Ujiri’s Zaria Group.
Nigerian billionaire T.Y. Danjuma restructures ntel board as telecom firm prepares for relaunch”
Natcom, controlled by Danjuma, has appointed a new board in a move aimed at restoring investor confidence and positioning the telecom firm for a 2026 relaunch.
Ahmed Osman Guelleh, one of Djibouti's richest men, recalibrates for a tougher market
Ahmed Osman Guelleh built a logistics and beverage empire around Djibouti’s ports and Somaliland’s Coca-Cola plant. Now competition is testing his hold.
Nigeria’s billionaires build family offices to cement legacies and expand global reach
Family offices remain nascent in Nigeria, but a small cohort of billionaire-led vehicles are setting the tone with deals spanning oil & gas, power, finance and tech.
South African billionaire Gutsche family exits Coca-Cola Beverages Africa in $3.4 billion deal
Gutsche Family Investments cedes 33.5 per cent of Africa’s largest Coca-Cola bottler in a US$3.4 billion deal with Coca-Cola HBC, marking a strategic shift for the Swiss-based family’s African holdings.
Nigerian cocoa magnate John Alamu taps capital markets to raise $67.5 million for Johnvents expansion
John Alamu is turning to Nigeria’s capital markets to fund the next phase of Johnvents Industries’ cocoa processing and export expansion.
Madagascar business magnate Mamy Ravamatoga faces arrest as coup shakes elite circle
Mamy Ravatomanga, the power broker behind Madagascar’s ousted president, is facing arrest warrants, financial freezes and investigations in the wake of a military takeover that has upended the country’s elite networks.
Ghanaian tycoon Ibrahim Mahama completes $100 Million Azumah Gold acquisition
Ghanaian businessman Ibrahim Mahama cements his position in the mining sector with a $100 million takeover of Azumah Resources
South African billionaire Mark Shuttleworth donates $1 Million to save the world’s largest flying bird
The Ubuntu founder’s donation gives new momentum to a global conservation effort to protect the wandering albatross.
Billionaire Jean-Louis Billon bets palm oil fortune on Ivory Coast presidency
Jean-Louis Billon, heir to a $1.2 billion palm oil empire, is positioning himself as the face of a new generation in Ivorian politics.
Burkina Faso’s richest man Mahamadou Bonkoungou at the center of revived $420 million Liberia deal”
A controversial EBOMAF infrastructure contract tied to Mahamadou Bonkoungou is back in focus as Liberia’s Boakai government revisits the shelved deal.
Inside Australian billionaire Andrew Forrest’s high-stakes African gamble: one win, many hurdles
In Gabon, Andrew Forrest shipped iron ore within a year. Elsewhere across Africa, his green dreams remain stuck in the waiting room.
Zimbabwean tycoons Wicknell Chivayo and Kudakwashe Tagwirei named in $3.2 billion corruption dossier
A leaked dossier naming Wicknell Chivayo and Kudakwashe Tagwirei has ignited calls for a forensic audit into alleged $3.2 billion state looting.
Why Africa’s billionaires are quietly banking offshore in Belize
From Cape Town to Cairo, Africa’s billionaire class is looking offshore — and Belize has emerged as a strategic favorite. Here’s what’s fueling the quiet migration of capital.
South Africa’s richest man under fire after $21 million fine to Richemont-owned Chloé
Richemont, faces scrutiny after the EU fined its Chloé brand €20M for antitrust violations, casting fresh light on his governance of the Swiss group.
Malagasy multimillionaire Mamy Ravatomanga escapes to Mauritius on private jet as unrest grows in Madagascar
Mamy Ravatomanga fled Madagascar with Christian Ntsay after daring critics to face him in court, sparking outrage in a country already on edge.