Moroccan tycoon Chakib Alj's Forafric takeover revived after deal with Elbaz and Crédit Agricole
The stalled sale of Forafric Maroc to Chakib Alj has been revived after a deal between the tycoon, Yariv Elbaz and Crédit Agricole du Maroc.
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Tycoon Ngugi Kiuna's BOC Kenya stake soars after the buyout he fought collapsed
BOC Kenya shares have more than doubled since the Carbacid buyout collapsed, lifting the stake of Ngugi Kiuna, who opposed the offer as too low.
South Africa's Halamandaris family sells Famous Brands shares near the stock's recent high
A trust linked to the Famous Brands founding family sold about $129,000 of shares this month, at prices roughly 5% above where the stock now trades.
Elon Musk is a billionaire like everyone else again as fortune drops below $900 billion
Elon Musk's net worth has fallen below $900 billion as SpaceX shares slide toward their IPO price, wiping more than $500 billion since June.
Billionaire Femi Otedola is writing a sequel to his award-winning memoir Making It Big
Femi Otedola says he is writing a second book, Making It Bigger, a follow-up to the award-winning memoir he published in August last year.
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.
Egyptian billionaire Hisham Talaat Moustafa plans to nearly double TMG's hotel portfolio to 40 properties
Talaat Moustafa Group will nearly double its hotel portfolio to as many as 40 properties over the next decade, chief executive Hisham Talaat Moustafa said.
Elon Musk's SpaceX to test Starlink links with South Africa ground stations
SpaceX will test laser links between new Starlink satellites and ground stations in South Africa, the one African market where Starlink cannot legally sell service.
Billionaire Jay-Z breaks Yankee Stadium ticket record two nights running with Blueprint anniversary show
Jay-Z sold 45,832 tickets at Yankee Stadium on Saturday, a venue record, breaking the mark he set himself the previous night with Beyoncé.
African Wealth Briefing — Mon., July 13, 2026
Aliko Dangote's refinery ambitions draw a $100 million suitor as his empire keeps expanding. And a widening accountability beat closes in on fortunes from Accra to Nairobi.
Deep-Dive Report: Taking It Private
Nassef Sawiris has crossed 55% of OCI Global and won his board's backing for a €4.10 all-cash offer. Inside the take-private — and the Orascom question riding alongside it.
The Inside Story: The Comeback and the Ruin
He is worth close to $9 billion, yet absent from the Forbes list. His flagship Moroccan refinery lies in ruins. And he is quietly pouring capital back into Ethiopia. The paradox of Mohammed Al-Amoudi.
Wealth Intelligence: The Refinery Network
How Aliko Dangote's $17 billion Lamu bet turns a single plant into a continental system — and what it signals about the IPO to come.
Daughter of South African-born billionaire Kerr Neilson sells Sydney warehouse for $8.5 million
Beau Neilson, daughter of South African-born billionaire Kerr Neilson, has sold her Sydney warehouse for about $8.5 million, four times what she paid in 2012.
Billionaire Magic Johnson's Las Vegas NBA bid faces new rival targeting $13 billion war chest
Magic Johnson's bid for a Las Vegas NBA expansion team faces a new rival group targeting as much as $13 billion in capital.