South African-born billionaire Elon Musk becomes first person worth $800 billion
Elon Musk’s net worth surpasses $800 billion following SpaceX and xAI merger, making him the richest person in history and cementing SpaceX as his most valuable asset
Nigerian billionaire Abdulsamad Rabiu's BUA begins gypsum plaster board production in Port Harcourt, aiming to cut imports
BUA says it has started producing gypsum plaster boards in Port Harcourt, a step it says will deepen local supply and ease import reliance.
South African billionaire Patrice Motsepe steers Rainbow Minerals’ Ferrous Division into new era with leadership change
Patrice Motsepe appoints Maryke Burger as CEO of African Rainbow Minerals’ ferrous division as the company pushes ahead with restructuring and efficiency reforms.
Nigerian business mogul Tony Elumelu to empower new generation of African entrepreneurs
Tony Elumelu says empowering young entrepreneurs is key to Africa’s future as his foundation expands funding, training and mentorship across all 54 African countries
Tony Elumelu-backed Redtech processed $20.6 billion in 2025 transactions as digital payments surge in Nigeria
Redtech says it processed 30 trillion naira in 2025 transactions, pointing to stronger RedPay usage and plans to expand across Africa.
Nigerian businessman Orji Uzor Kalu sponsors UTME registration for 2,000 Abia North students
Senator Uzor Kalu sponsors UTME registration for 2,000 Abia North students, access to education
Late Nigerian billionaire Pascal Dozie honoured as NGX celebrates his legacy
NGX and Nigeria’s business leaders honour billionaire banker Pascal Dozie, celebrating his lasting impact on the capital market, corporate governance and nation-building
Senegalese comedian Khaby Lame’s leap into billionaire territory sparks global buzz
Following the announcement, Rich Sparkle’s shares exploded, climbing more than 650% within days
Kenya clears Tanzanian billionaire Edha Nahdi’s bid for NSSF stake in East African Portland Cement, but orders 18 months of job protection
Kenya’s competition watchdog cleared Amsons executive Edha Nahdi’s firm to buy NSSF’s Portland Cement stake, with an 18 month job lock.
Egypt's Hassan Allam Properties targets $297.4 million in 2026 projects, prepares new hospitality brand
Developer Hassan Allam Properties targets 14 billion pounds in 2026 work and will launch a hospitality brand to manage hotels opening in 2028-29.
Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Burkinabe tycoon Idrissa Nassa taps former Endeavour Mining chief to run Mansa Resources after Hummingbird takeover
Idrissa Nassa has hired former Endeavour Mining CEO Sebastien de Montessus to lead Mansa Resources and restart mines acquired from Hummingbird.
Coris Bank approves $58 million loan for Orezone Gold's Bomboré mine expansion
Coris Bank has secured a $58 million loan for Orezone Gold's Bomboré gold mine expansion, positioning the bank as a key financier for West Africa's mining sector.
Capitec shuts accounts of Zimbabwean exemption permit holders, raising concerns
Capitec Bank's decision to close the accounts of Zimbabwean Exemption Permit holders has sparked widespread concern, complicating the financial stability of thousands amidst ongoing legal uncertainty.
Philanthropy Spotlight: Billionaire Donations During the Festive Season
This festive season, African billionaires are making significant charitable contributions, supporting causes in education, healthcare, and community development, and uplifting those in need across the continent.
Sasol faces worst annual drop amid scrutiny of emissions strategy
Sasol's stock plummets by 56 percent in 2024 as the company faces mounting pressure over its environmental strategy and heavy reliance on coal.