Congolese billionaire Lucien Ebata, advisor to president, arrested in Paris airport
French officials arrested him at Le Bourget Airport in Paris carrying a large amount of undeclared cash.
Egyptian property tycoon Hisham Talaat Moustafa looks to Iraq, Saudi Arabia for growth
Iraq’s instability over the past 30 years has created a demand for housing projects.
Nigerian oil billionaire Mohammed Indimi acquires additional shares in Jaiz Bank for $8 million
Indimi is the chairman of Oriental Energy Resources, a privately held Nigerian oil exploration firm.
Egyptian billionaire Nassef Sawiris’ Fertiglobe plans IPO
The deal will be the first onshore listing of a free zone company in the UAE.
Meet Hamis Kiggundu, the 37-year-old entrepreneur who built a property empire in Uganda
Kiggundu is one of East Africa’s most revered young entrepreneurs and a real estate mogul of note.
Tanzanian billionaire Mohammed Dewji steps down as Simba Sports Club chairman
Dewji is stepping down due to his extremely busy schedule, which involves significant world travel.
Zambian multimillionaire mogul James Ndambo ventures into business aviation
Ndambo joins a long list of African UHNWIs investing in the private jet business.
The 10 largest charitable gifts made by African billionaires in the past decade
The year 2020 was record-breaking for African philanthropy.
Ten family offices owned by Africa’s wealthiest people
The UHNWI population in Africa is growing at a faster pace than any other region in the world – except Asia.
Nine yachts Africa’s wealthiest people have owned
If you had all the money in the world, what type of yacht would you buy?
The private jets of 10 African billionaires
Owning one’s own private jet is such a costly affair that most tycoons can barely afford the luxury.
King Mohammed VI of Morocco appoints billionaire Aziz Akhannouch as head of government
In 2011, Morocco introduced reforms allowing the king to choose the prime minister from the largest party in parliament.
From Mauritius to Nigeria, 25 family businesses to look out for in Africa
Here is some key information about how they began and the value that they are adding to the continent.
Meet Haruna Sentongo, Uganda’s 34-year-old slumlord millionaire
Sentogo’s Haruna Enterprises U owns malls, apartment complexes and office buildings across Kampala.
Meet Dr. Michael K. Obeng, the Ghanaian plastic surgeon to Hollywood, royalty and supermodels
Ghanaian-born, Harvard-trained Dr. Michael K. Obeng is one of the most sought-after cosmetic experts in the United States.
Russian billionaire Igor Rybakov on business, life and transforming education worldwide
A man of many labels, Rybakov is the original renaissance man. And he’s as interesting as they come.