Billionaires Strive Masiyiwa, El Sewedy family join Vodafone to build Egypt's first AI data centre
Strive Masiyiwa's Cassava and the El Sewedy family's Elsewedy Electric have joined Vodafone to build Egypt's first AI data centre.
Billionaire Tim Draper ignores Tanzanian government, fields offers for private island
Tim Draper says offers are coming in for his $7.9 million Lake Tanganyika island, days after Tanzania said the land belongs to the state.
Billionaire Patrice Motsepe’s phosphate mine hits trouble after $160 million investment
Billionaire Patrice Motsepe’s phosphate mine is under pressure as Kropz restructures its Elandsfontein operation after $160 million of investment.
Billionaire Baba Danpullo takes 10% stake in AGL Cameroon
Billionaire Baba Danpullo has taken a 10% stake in AGL Cameroon through CCML, gaining a significant interest in the MSC-controlled logistics business.
Nigerian billionaire Femi Otedola speaks on FirstHoldCo’s inclusion in FTSE Frontier 50 Index
FirstHoldCo has joined the FTSE Frontier 50 index, with chairman Femi Otedola calling it a defining milestone for the banking group.
Aliko Dangote's refinery made $1.82 billion net profit in H1
Dangote Petroleum Refinery reported $1.82 billion of net income and $2.60 billion of EBITDA in the first half of 2026, ahead of its IPO.
Sudanese tycoon Osama Daoud Abdellatif built a $600 million company from a tractor dealership
Osama Daoud Abdellatif joined his father's tractor company as a salesman in 1975. DAL Group now turns over more than $600 million a year.
UAE billionaire Mohamed Alabbar moves closer to major luxury hotel investment in Zimbabwe
Emirati billionaire Mohamed Alabbar is moving closer to a major luxury hospitality investment in Zimbabwe, with Emaar preparing to inspect potential sites and finalise project details.
Billionaire Mohammed Dewji puts nearly $680 million behind African expansion
Tanzanian billionaire Mohammed Dewji is putting nearly $680 million behind an aggressive African expansion as he works to build MeTL Group into a $10 billion business by 2035.
Billionaire Johann Rupert’s mayonnaise giant makes 227,000 jars a day
Billionaire Johann Rupert-backed RCL Foods produces 227,000 jars of mayonnaise daily, with Nola holding a 41.5% share of South Africa’s market.
South African billionaire Douw Steyn left an insurance group, a hotel and a private city
Douw Steyn bought a bankrupt insurer in 1984 and built Budget Holdings Limited, Steyn City and the Saxon Hotel before his death in February 2025.
Billionaire Aliko Dangote gains $3.3 million as refinery IPO nears
Aliko Dangote added $3.3 million to his fortune as investors reacted to the upcoming IPO of his $20 billion refinery, which opens September 14.
Billionaire Patrice Motsepe to collect $67.7 million in ARM dividends
ARM's 700-cent final dividend takes Patrice Motsepe's payout for the year to about R1.09 billion, on a holding of 91.1 million shares.
Billionaire Leon Black is suing the House committee investigating Jeffrey Epstein
Leon Black asked a federal court to block House subpoenas seeking documents about his dealings with Jeffrey Epstein, calling them a fishing expedition.
Nepalese billionaire Binod Chaudhary's Wai Wai factory has been ordered to halt production
Billionaire Binod Chaudhary’s Wai Wai business faces regulatory action in India after inspectors found alleged food safety violations at a Rajasthan factory.
President William Ruto orders Tata Chemicals out of Kenya for exporting raw soda ash
President Ruto ordered Tata Chemicals to quit Kenya, saying it exported soda ash from Lake Magadi instead of processing it into glass locally.