Malagasy billionaire Hassanein Hiridjee's AXIAN Telecom revenue hits $1.69 billion in 2025 results
AXIAN Telecom posted full-year 2025 revenue of $1.69 billion, up 20.2%, as acquisitions and mobile data growth accelerated across its African markets.
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Johann Rupert's Richemont converts €100 million debt to equity to prop up Belgian handbag maker Delvaux
Johann Rupert's Richemont has converted €100.6 million of debt into equity at Delvaux, the world's oldest luxury leather goods house, as the Belgian brand's Asian revenue slump drives accumulated losses toward €80 million.
Nigerian billionaire Arthur Eze's Oranto sells 75% stake in São Tomé Block 3 to Petrobras
Brazil's Petrobras has agreed to acquire a 75% operating interest in Block 3 offshore São Tomé and Príncipe from Arthur Eze's Oranto Petroleum, its latest move in a fast-expanding African exploration portfolio.
Glencore and Patrice Motsepe's ARM overturn SARS diesel refund ruling on appeal
Ivan Glasenberg's Glencore and Patrice Motsepe's ARM have won a Supreme Court of Appeal ruling reversing a SARS diesel refund decision with wide implications for mining joint ventures.
Aliko Dangote bets N500 billion on sugar as Nigeria pushes to close 1.2 million-tonne import gap
Aliko Dangote is deploying fresh capital into his sugar business after shareholders approved a N500 billion rights issue to fund an expansion targeting 600,000 metric tonnes of annual output by 2030.
Aliko Dangote's refinery is now helping keep European flights in the air as Strait of Hormuz crisis bites
Aliko Dangote's refinery is exporting record volumes of jet fuel to Europe, stepping into a supply crisis triggered by the effective closure of the Strait of Hormuz.
Dangote refinery rushes jet fuel to Europe as IEA warns continent has six weeks of supply left
Aliko Dangote's 650,000-barrel-per-day refinery is becoming a critical source of jet fuel for Europe as the Iran war chokes off traditional Middle Eastern supply routes.
Koos Bekker's Prosus sells Delivery Hero stake to Uber for $290 million under EU pressure
Naspers unit Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about $290 million, cutting its holding to comply with European Union regulatory conditions.
African Wealth Briefing — Fri., April 17, 2026
Forbes counts 27 Black billionaires worth $121 billion combined and we profile the five youngest.
Australian mining billionaire Andrew Forrest battles Meta in court over fake ads
Andrew Forrest is pushing a US federal court to strip Meta of its legal immunity over fake cryptocurrency ads that used his likeness, alleging the tech giant destroyed nearly 30,000 pieces of key evidence.
Egyptian billionaire Naguib Sawiris is betting billions on UAE property in spite of the Iran war
Egyptian billionaire Naguib Sawiris has expanded his Ghantoot Bayn development to $8.17 billion and called the Iran war a temporary pause in the UAE property market's upward trajectory.
Segun Ogunsanya launches IFC-backed CycleFlow to unlock $30 billion for Nigerian MSMEs
Segun Ogunsanya, former Airtel Africa chief, is chairing CycleFlow, an IFC-backed platform built to unlock billions in liquidity for Nigeria's small businesses.
Nigerian multimillionaire tycoon Cosmas Maduka, Asia Star deepen electric bus partnership
Cosmas Maduka is positioning Coscharis Group at the center of Nigeria's electric mobility push, deepening his partnership with Chinese bus manufacturer Asia Star.
The 5 youngest Black billionaires in the world
Forbes counted 27 Black billionaires in 2026. Here are the 5 youngest on the list, led by Rihanna at 38 and LeBron James at 41.
Strive Masiyiwa's Econet lifts Zimbabwe's dollar bourse past 132-year-old rival
Strive Masiyiwa's $1 billion Econet InfraCo listing has helped Zimbabwe's Victoria Falls Stock Exchange overtake the 132-year-old Zimbabwe Stock Exchange by market value.
Astron Energy hits 700 forecourts in South African fuel push
Ivan Glasenberg's Glencore-backed Astron Energy has hit 700 rebranded forecourts in South Africa, pushing it toward the top tier of the country's retail fuel market.