Second African billionaire to hit $20 billion? SA tycoon nears milestone
South African billionaire Johann Rupert nears $20 billion fortune as Richemont shares rise, closing in on a historic African wealth milestone.
I&M, founded by Suresh Bhagwanji Shah, raises Tanzania stake to 95 percent
I&M Holdings, founded by Suresh Bhagwanji Shah, lifts its Tanzania unit stake to 95 percent as it deepens regional expansion.
Zimbabwean tycoon Wicknell Chivayo remains under investigation in South Africa after $3.2 billion dossier
Investigations involving Zimbabwean businessman Wicknell Chivayo continue, despite claims the case has been dropped.
South African billionaire Patrice Motsepe nears $4 billion as 2026 brings fresh gains
South African billionaire Patrice Motsepe nears $4 billion with gains from ARM, Harmony Gold, and Tyme Group.
Nigerian banker Jim Ovia reflects on a $5 million decision that became $3.3 billion
Nigerian banker Jim Ovia reflects on turning a $5 million bet in 1990 into a bank with more than $3.3 billion in shareholders’ funds.
Nigerian tech entrepreneurs secure $11.75 million for defense startup Terra
Nigerian tech entrepreneurs Nathan Nwachuku and Maxwell Maduka raise $11.75 million to scale Terra Industries’ autonomous defense systems across Africa.
Nigerian executive Michael Nzewi’s CardinalStone trading arm hits $1.4 billion
Michael Nzewi’s CardinalStone trading arm hits $1.4 billion in 2025, leading Nigeria’s stockbrokers by transaction value.
Egyptian billionaire El-Sewedy family’s company wins $60 million Kuwait contract
Egyptian billionaire El-Sewedy family’s Elsewedy Electric wins $60 million Kuwait contract to expand MENA infrastructure projects.
Moroccan real estate tycoon Alami Lazraq gains $43 million from ADI stake
Alami Lazraq gains $43 million in the first 9 days of 2026 as shares of ADI surge on the Casablanca Bourse.
Kudakwashe Tagwirei pours $2.5 million into Zimbabwe’s most successful football club
Zimbabwean billionaire Kudakwashe Tagwirei invests $2.5 million in Dynamos FC, supporting player salaries, operations, and CAF Cup ambitions.
Abdul Samad Rabiu set to become third Nigerian to hit $10 billion after Adenuga, Dangote
Abdul Samad Rabiu nears $10 billion, set to become the third Nigerian to hit the milestone, after Adenuga and Dangote in 2016.
South African executive Gary Nagle in talks to create $260 billion mining giant
South African executive Gary Nagle leads talks to merge Glencore and Rio Tinto, creating a $260 billion mining powerhouse.
Cameroonian businessman Paul Fokam’s Afriland tops $3.6 billion in assets
Cameroonian businessman Paul Fokam’s Afriland First Bank passes $3.6 billion in assets, cementing its lead in Central Africa.
Tanzanian billionaire Said Bakhresa adds Malawi soap factory after $100 million soya plant
Said Bakhresa is expanding manufacturing in Malawi with a new soap factory, months after launching a 100 million dollar soya plant.
Nigerian energy mogul Wale Tinubu recounts $9,000 bet that became $300 million
Nigerian energy mogul Wale Tinubu recounts how a $9,000 bet grew into a $300 million gas company over decades.
Africa’s richest man, Aliko Dangote, starts 2026 with $410 million net worth increase
Aliko Dangote’s net worth rises $410 million to $30.4 billion driven by Dangote Cement gains and investor confidence.