Latest
Jamaican billionaire Michael Lee-Chin's NCBFG bets that business integration will finally deliver the returns he has been promising
Michael Lee-Chin's NCB Financial Group is betting that business integration across 24 territories will finally deliver the returns investors have been waiting for.
The bicycle parts trader from Burkina Faso who built a $9 billion banking empire
Idrissa Nassa started out trading bicycle parts and consumer goods in Burkina Faso. He now controls a $9 billion pan-African banking empire.
Nassef Sawiris sold $12.8bn in cement and $11.6bn in fertilizers, and is now betting $50bn on America
Egypt's richest man has built and sold empires twice. Now he is staking $50 billion on American infrastructure from a new base in Abu Dhabi.
Investigation reveals Nigerian bankers Herbert Wigwe and Aigboje Aig-Imoukhuede held stakes in 80 companies in 20 countries
A new investigation traced the late Herbert Wigwe and his partner Aigboje Aig-Imoukhuede to stakes in 80 companies spread across 20 countries.
Aliko Dangote just crossed $35 billion, jumped to 65th richest globally and added $3 billion in two weeks
Aliko Dangote's net worth has surged to $35.9 billion, a year-to-date gain of $5.92 billion, as his refinery dominance, cement expansion and Kenya refinery plans accelerate his wealth creation in 2026.
Kevin Hart’s Hartbeat faces turmoil after layoffs, executive exits and strategy fights
Kevin Hart’s Hartbeat is facing leadership turmoil, layoffs and growing uncertainty as Hollywood’s production slowdown squeezes celebrity backed media companies.
Billionaire Femi Otedola's First HoldCo is targeting a N1 trillion capital base as it moves to reshape Nigerian banking
FirstHoldCo is seeking shareholder approval to raise N253 billion in fresh capital as it pushes toward a N1 trillion paid-up capital base.
Billionaires Nassef Sawiris and Wes Edens move to acquire French club FC Annecy
Nassef Sawiris and Wes Edens' V-Sports is closing in on a controlling stake in French Ligue 2 club FC Annecy as Aston Villa's multi-club network moves into France.
Egypt's Hassan Allam wins $490 million Saudi Museum contract in Diriyah
Hassan Allam Construction and Saudi firm Albawani won a $490 million contract to build Saudi Arabia's national contemporary art museum in Diriyah.
Madagascar's richest Man Ylias Akbaraly says the country's political crisis is scaring everyone away from investment
Madagascar's richest man Ylias Akbaraly says the political crisis is frightening investors away as a France-Madagascar diplomatic standoff deepens.
Kenyan advertising magnate Bharat Thakrar moves to oust WPP Scangroup's entire board over five years of losses and a 62% share price collapse
Bharat Thakrar and minority shareholders holding 13.59% of WPP Scangroup have demanded a special general meeting to remove the entire board after five straight years of losses.
African Wealth Briefing — Mon., May 11, 2026
David Langat's DL Group denies tea asset sale as financial pressure mounts; Dr. Dre and Kendrick Lamar break ground on a $270 million Compton High School campus.
The Inside Story: The Rabiu Wealth Surge and the Free-Float Problem — Why $8.88 Billion in Four Months Is the Most Interesting African Wealth Story of 2026
Abdul Samad Rabiu has added $8.88 billion to his Bloomberg-tracked wealth in four months. The structural story is the 2.31 percent free float — and what it means for foreign investors trying to access BUA.
Investor Memo: The Dangote Multi-Listing Architecture as a Position-Sizing Framework
Aliko Dangote now has three parallel equity vehicles in motion — cement London listing in September, refinery IPO in June-July, and the Kenya vehicle. A position-sizing framework for Elite subscribers.
Executive Insight: Dangote’s Kenya Vehicle and the $60 Billion Problem — What the Pan-African Capital Mobilization Architecture Tells Foreign Investors About the Next Decade of African Industrial Equity
Aliko Dangote's Kenya-based investment vehicle is a test of whether African industrial capital can be mobilized from within the continent at meaningful scale, addressing $60 billion in annual capital outflow.