Alain Nkontchou, the Cameroonian banker behind $100-million Ecobank stake
Alain Nkontchou invests $100 million to become Ecobank’s largest shareholder with 5.95 billion shares and greater influence on its future.
Black investor John Rogers’ fund buys Microsoft shares worth $46 million
Ariel Investments led by John Rogers buys $46.4 million in Microsoft shares, strengthening its tech portfolio.
Access Holdings, led by Aigboje Aig-Imoukhuede, backs Zambia with $100 million pledge
Access Holdings pledges $100 million to boost Zambia’s energy and agriculture, strengthening power supply and food security.
South Africa’s richest man Johann Rupert loses $1.8 billion in recent weeks
Johann Rupert’s net worth falls $1.8 billion as Richemont shares drop, despite strong luxury jewelry sales and $8.6 billion cash reserves.
Moroccan billionaire Anas Sefrioui gains $57 million from Casablanca-based developer
ADH stock rebound lifts Anas Sefrioui’s stake above $1 billion, signaling renewed confidence in Morocco’s real estate market.
South African tycoon Cobus Stofberg's Naspers stake now worth $120 million
Cobus Stofberg’s stake in Naspers surged to $123 million in 2025 as the tech giant’s market value climbed above $54 billion.
Five new African billionaires have emerged so far in 2025
Five new billionaires join Africa’s top ranks in 2025, led by gains in real estate, banking, and tech sectors.
Alex Karp, richest Black person in U.S., is now worth $16 billion after $8.9 billion gain in 2025
Alex Karp’s fortune jumps to $16 billion, rising $8.9 billion on Palantir’s AI-powered software demand.
Indian-born Gupta brothers’ Johannesburg homes sell for $2 million
Gupta brothers’ Johannesburg homes sold for $2 million, 47 percent below their $3.64 million valuation, as part of a business rescue plan.
Two new billionaires emerge from Africa’s stock markets in August 2025
Malawi’s Thom Mpinganjira and Egypt’s Hisham Talaat Moustafa join Africa’s billionaire list after major stock gains in August.
South African businessman Christopher Seabrooke’s Sabvest stake falls below $100 million
Christopher Seabrooke’s Sabvest stake slips to $84 million as shares fall 14.55 percent since mid-June.
Kenyan pharma tycoon Rupen Mulchand Haria wins $3.2 million tax case
Rupen Mulchand Haria secures $3.2 million tax victory, confirming capital gains tax applies on sale date, not registration.
Africa’s richest man Aliko Dangote’s refinery lowers petrol prices across Nigeria
Dangote refinery cuts petrol price to $0.534 per liter, boosting Nigeria’s energy independence and processing 500,000 barrels daily.
South African businesswoman Phuthi Mahanyele-Dabengwa’s Naspers shares now worth $12.4 million
Phuthi Mahanyele-Dabengwa’s Naspers stake rises to $12.4 million as shares surge, boosting Africa’s most valuable company.
Thom Mpinganjira becomes Malawi’s first dollar billionaire
Malawian banker Thom Mpinganjira’s FDH Bank shares reach $1.12 billion, making him the country’s first billionaire and richest citizen.
Thom Mpinganjira becomes Malawi’s richest as FDH Bank stake soars to $1.1 billion
Thom Mpinganjira’s FDH Bank stake reaches $1.12 billion, making him Malawi’s richest man as the bank’s value surges to $2 billion in 2024.