Inside the biggest billionaire donations in Africa in 2025
Africa’s billionaires ramped up giving in 2025, funding schools, hospitals and startups as governments face tight budgets and rising public needs.
Editorial Team
Tony Elumelu’s Heirs Energies secures $750 million from Afreximbank to drive long-term growth
Heirs Energies secures $750 million from Afreximbank, marking one of the biggest funding deals secured by a locally owned energy producer on the continent.
Inside Coco Gauff’s Endorsement Portfolio: Every Major Brand Backing Tennis’s Hottest Star
Coco Gauff’s Mercedes-Benz deal crowns a stacked sponsor roster spanning luxury, tech, fashion and aviation, confirming her status as Gen-Z’s defining sports mogul.
20 businesses and investments owned by Mr Eazi
From emPawa to mobile-money fintech and Rwandan housing estates, Mr Eazi has quietly built a diversified portfolio far beyond the afrobeats charts.
30 Indian billionaires who made a fortune in Africa
Indian and Indian-origin entrepreneurs have turned tiny shops and trading posts into some of Africa’s biggest empires.
Ghanaian Pharma multimillionaire Kofi Nsiah-Poku elected president of AGI
Kinapharma chief Kofi Nsiah-Poku wins AGI presidency, succeeding Humphrey Ayim-Darke and promising tougher advocacy on power reliability, export growth and policy reforms for manufacturers.
TotalEnergies to take 50% of OPL257 from Nigerian billionaire Mike Adenuga’s Conoil
Conoil Producing sells 50 percent of OPL257 to TotalEnergies, keeping 10 percent, advancing Nigeria’s offshore oil development.
Broken promises by wealthy nations: Africa needs to finance its energy addition, then transition
African oil and gas producers should also seek to maximize their own capacities as they develop their own subsurface resources.
Nigeria's richest woman Folorunsho Alakija donates hospital to Osun State
Nigerian billionaire and philanthropist Folorunsho Alakija donates a new hospital to Osun State, one of the country's less affluent states.
Nigeria’s president praises billionaire Femi Otedola on his 63rd birthday
President Bola Ahmed Tinubu sent birthday wishes to Geregu Power chairman Femi Otedola, applauding his “visionary entrepreneurship,” energy-sector investments, and philanthropy in education, healthcare, and youth programs.
Agosta Liko’s Pesapal lands KCB investment, resetting Kenya’s payments race
KCB Group plans to take a minority stake in Pesapal, the payments company founded by Agosta Liko in 2009. The tie-up gives Kenya’s biggest bank a foothold in merchant acquiring and digital rails, while Pesapal gains capital and distribution to scale across hospitality, travel, and SME retail.
Meet Nigeria’s young real estate multimillionaires
Across Nigeria, a new generation of real estate developers is turning concrete and land into the country’s next fortunes.
Nigerian tycoon Solomon Onafowokan opens Africa’s largest fibre-optic cable plant
Coleman Technical Industries chairman Asiwaju Solomon Onafowokan has launched a massive fibre-optic cable factory in Sagamu, boosting Nigeria’s digital-economy capacity and reducing dependence on imported network infrastructure.
LNG: How arbitration battles are redefining the global gas trade
A wave of billion-dollar legal battles—from BP’s arbitration win against Venture Global to Nigeria LNG’s London defeat—shows how the once-stable LNG market is now shaped by courtrooms, not contracts.
Femi Otedola donates $2.8 million for Augustine University engineering block
Billionaire Femi Otedola has committed ₦4 billion to build a new electrical and electronics engineering block at Augustine University, reinforcing his role as the institution’s largest private benefactor.