Billionaire Femi Otedola's First HoldCo stake hits $641 million as shares hit record high
Femi Otedola's stake in First HoldCo climbed to about $641 million after the Nigerian bank's shares surged 9.97% to a record N95.95 on Friday.
Billionaire Abdul Samad Rabiu's BUA Foods approves record $363 million dividend and expansion plan
BUA Foods, controlled by billionaire Abdulsamad Rabiu, approved a record $363 million dividend and unveiled an expansion plan to become Nigeria's largest food manufacturer.
Billionaire Patrice Motsepe backed to succeed Infantino as FIFA president
South Africa's sports minister has publicly backed billionaire Patrice Motsepe to succeed Gianni Infantino as FIFA president whenever the Swiss administrator steps down.
Ivorian tycoon Jean Kacou Diagou's NSIA Banque lifts profit 7% as balance sheet tops $5 billion
NSIA Banque Côte d'Ivoire, controlled by Jean Kacou Diagou, lifted 2025 profit 7% to about $72 million as its balance sheet topped $5 billion.
Nigerian tycoon Aderemi Makanjuola's Caverton narrows loss to $10 million as revenue slides 40%
Caverton Offshore, founded by Aderemi Makanjuola, cut its pre-tax loss 74% to $9.98 million in 2025, though revenue fell 40% and debt climbed.
Egypt's wealthy Allam family weighs public listings for Hassan Allam real estate and infrastructure units
Egypt's Hassan Allam Holding is weighing public listings for real estate and infrastructure subsidiaries on Gulf exchanges or the EGX, keeping the parent private.
Angolan billionaire Antonio Mosquito doubles his stake in TotalEnergies-operated offshore oil block
Sonangol has handed 5% of the TotalEnergies-operated Block 17/06 to Falcon Oil, doubling the stake held by Angola's richest man to 10%.
Moroccan tycoon Moncef Belkhayat lines up a string of Casablanca listings for his Dislog empire
Moroccan tycoon Moncef Belkhayat is preparing to float his FMCG group Dislog and several other companies on the Casablanca Stock Exchange from 2026.
Africa's richest man picks Lamu for $17 billion Kenya refinery as engineering work begins
Aliko Dangote has selected Lamu for a $17 billion, 700,000-barrel-a-day refinery, with soil tests and engineering work already under way.
Billionaire Nassef Sawiris' Aston Villa puts nearly its entire academy up for sale over spending rules
Nassef Sawiris and Wes Edens have made almost all of Aston Villa's academy players available for sale to comply with new spending rules.
South African billionaire Michiel le Roux borrows $402 million against his Capitec shares
Capitec co-founder Michiel le Roux has raised about $402 million by refinancing a loan secured against 1.37 million shares in his own bank.
Aliko Dangote's refinery overtakes the US as Europe's top jet fuel supplier
Aliko Dangote's refinery shipped about 466,000 tonnes of jet fuel to Europe in June, overtaking the United States as the region's top supplier.
The Inside Story: The Seized Empire
This week, Angola begins selling shares in Unitel the telecom giant it took from Isabel dos Santos, once Africa’s richest woman. The IPO of a seized fortune, and the unresolved fight over how it was built and how it was taken.
Deep-Dive Report: Samuel Dossou-Aworet — The Corridor Builder
He ran Gabon’s oil for 13 years, built a near-billion-dollar private energy empire from Geneva and has spent a decade trying to build Benin a trade corridor to the Sahel. This week, the first trains of that dream finally moved.
Wealth Intelligence: Michiel Le Roux — Banking the Overlooked
He built Capitec for the customers South Africa’s banks ignored — and rode it to a $3.8 billion fortune as the lender became Africa’s most valuable bank.
Pick n Pay, controlled by Soutgh Africa's billionaire Ackerman family, sells down its Boxer crown jewel to fund a slow turnaround
Pick n Pay has sold down more of Boxer for R4.7 billion, funding a slow turnaround that cost the Ackerman family control of the retailer.