Top 10 richest people in Tanzania
Billionaires.Africa ranks Tanzania’s 10 richest individuals, highlighting their investments, influence, and impact on the nation’s economic transformation.
CA&S Group, led by Botswana executive Duncan Lewis, declares $6.4 million dividend for investors
The payout represents a 24.9 percent increase from the previous year, reflecting the company’s steady financial and operational growth.
Pepkor, backed by billionaire Christo Wiese, strikes $104 million deal to expand its retail empire
The deal will add 462 stores across South Africa, Botswana, Lesotho, Namibia, and Eswatini to Pepkor’s expanding retail network, strengthening its position in the adultwear market.
London-based M&G Investment raises holding in Pick n Pay to $117.3 million
The latest move brings M&G’s total holdings in the company above $115 million, underscoring its confidence in Pick n Pay’s turnaround strategy.
Anglo American, led by South Africa’s Duncan Wanblad, plans to list De Beers
Anglo-American considers listing De Beers as it exits diamonds, marking the end of a century-old partnership amid market turmoil and weak demand.
5 investment strategies by Africa’s richest man, Aliko Dangote
Dangote's empire thrives on diversification, with investments spanning cement, sugar, and oil refining, ensuring stability and long-term growth amid economic fluctuations.
Strive Masiyiwa, Zimbabwe’s richest man, to launch Africa’s first AI factory with NVIDIA
The AI factory will integrate NVIDIA’s accelerated computing and AI software using the NVIDIA Cloud Partner (NCP) reference architecture.
Orascom Construction, backed by Egypt’s richest family, advances in $2.6 billion Saudi deal
Orascom Construction secures green light for a $2.6 billion Qurayyah IPP expansion in Saudi Arabia, reinforcing its regional energy footprint with a 3GW boost.
Sun International: South African executive Anthony Leeming to retire as CEO after 8-year tenure
Leeming, who has been with the company since 1999, has been instrumental in guiding Sun International through the challenges posed by the COVID-19 pandemic.
Moulay Hafid Elalamy: Visionary businessman behind Morocco’s largest insurer
His vision has transformed Morocco’s insurance sector and shaped Africa’s financial and industrial landscape.
10 lessons from African billionaires on achieving business growth
Billionaires.Africa shares 10 key lessons from African billionaires, practical insights to help entrepreneurs overcome challenges, seize opportunities, and build lasting businesses.
Absa Kenya, linked to Kenyan tycoon Baloobhai Patel, posts $229.3 million profit in 2024
The leading lender’s earnings soared past $220 million, fueled by strong growth in both net interest and non-interest income.
Botswana tycoon Ramachandran Ottapathu’s Choppies rakes in $346 million in six months
Choppies' H1 2025 revenue surged 19.4% to $346.2 million, driven by new stores, inflation, and sales growth. Profit rose despite margin pressures in key markets.
Botswana tycoon Ramachandran Ottapathu’s Choppies rakes in $346 million in just six months
Choppies' H1 2025 revenue surged 19.4% to $346.2 million, driven by new stores, inflation, and sales growth. Profit rose despite margin pressures in key markets.
Africa’s top 15 richest women
From oil and finance to cocoa and pharmaceuticals, Africa’s richest women are reshaping industries, driving economic growth, and redefining leadership.
Egyptian real estate tycoon Abdallah Sallam's Madinet Masr profit hit $58.3 million in 2024
The performance was driven by sustained market demand, strategic expansions, and a solid uptick in net operating revenues.