South African billionaire Desmond Sacco got rich sharing one mine with Patrice Motsepe
Desmond Sacco and Patrice Motsepe each own half of Assmang and neither has bought the other out. The arrangement made both men billionaires.
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Billionaires Narendra Raval, Edha Nahdi bet $600 million on clinker as Sarbjit Rai enters cement business
Narendra Raval's West Pokot plant and Edha Nahdi's Kwale project commit roughly Sh77 billion ($600m) to clinker, the input East Africa has always imported. Now Sarbjit Singh Rai has filed for a third plant in Nyeri.
Nigerian real estate mogul Sijibomi Ogundele repays $30 million debt as corruption inquiry continues
Sijibomi Ogundele says Sujimoto has repaid more than N40bn ($30m) and will be debt-free by January 2027. He makes the claim while an EFCC investigation into N5.7bn of Enugu State schools money remains open. He denies wrongdoing.
US billionaire Tim Draper is selling his private island in Tanzania for $7.9 million
Tim Draper posted his Lake Tanganyika island for sale on X at $7.9 million, with no broker and no listing, taking offers at his own email address.
King Mohammed VI's Morocco hits $4.4 billion in trade with India as the two nations eye $2.6 billion in untapped exports
Morocco's bilateral trade with India has grown from $2.9 billion in 2021 to $4.4 billion in 2026, growing at 12.4% annually as King Mohammed VI's economic modernization drive deepens ties with Asia's third-largest economy.
Quinton van Rooyen bought Trustco for N$100 and built Namibia's most contested financial empire
Quinton van Rooyen bought a small Namibian property company for N$100 in 1992, built Trustco into a triple-listed financial services group, and has spent the last decade fighting to keep it from being taken from him.
How Mobile Payment Systems Are Driving the Online Casino Boom in Africa
Mobile money moved $1.4 trillion across Sub-Saharan Africa in 2025, and online gaming is the industry that has been rebuilt around it.
Pham Thu Huong overtakes Vietjet's Nguyen Thi Phuong Thao to become Vietnam's richest woman with $4 billion fortune
Pham Thu Huong, vice chairwoman of Vingroup and wife of Vietnam's richest man Pham Nhat Vuong, has overtaken Vietjet chairwoman Nguyen Thi Phuong Thao to become Vietnam's richest woman with a $4 billion fortune.
African Wealth Briefing — Fri., Aug. 28, 2026
Koos Bekker, author of perhaps the greatest venture bet in history, set his 2028 retirement — in a room of investors revolting over the structure that keeps Naspers trading below the value of its assets.
The Inside Story: The $10 Billion Plan — How Mo Dewji Is Betting Tanzania's Biggest Fortune on Pan-African Expansion and EV Minerals
Mo Dewji turned his father's trading house into a $2 billion pan-African conglomerate and became Africa's youngest billionaire. Now, courting Mozambique and Botswana and betting on EV-battery graphite, he wants to triple MeTL to $10 billion by 2035. Inside the expansion.
Deep-Dive Report: Against the Board — How Hend El Sherbini Took Egypt's Biggest Diagnostics Group Private Over Her Own Directors' Objections
Hend El Sherbini runs Egypt's largest diagnostics group. This summer she took it private — over her own board's objection that the price was too low, and only after a mandatory bid triggered by buying out Elliott. Inside a contested buyout, and the wave pulling African firms off public markets.
Wealth Intelligence: One Great Bet — How Koos Bekker's $32 Million Wager on Tencent Still Defines Naspers, and the Discount He Leaves Behind
In 2001 Koos Bekker bet about $32 million on a small Chinese firm called Tencent. It became perhaps the greatest venture investment ever. Now, as he sets a 2028 exit amid an investor revolt, the discount and the hunt for "the next Tencent" are the problems he leaves behind.
Capitec billionaire Michiel le Roux gave the Democratic Alliance more than half its funding
Capitec founder Michiel le Roux gave R55 million to the Democratic Alliance, 53% of its funding, before South Africa's November elections.
Malawian billionaire banking heir William Mpinganjira pumps $1.2 million into his football club
William Mpinganjira has spent $1.2 million on Ekhaya FC in three years. On Aug. 30 it plays Mighty Wanderers, owned by his father Thom.
Swiss billionaire Thomas Flohr's Vista Global weighs listing at more than $10 billion
Vista Global is weighing a European listing to raise more than $1 billion at a valuation above $10 billion. Thomas Flohr owns 84% of the company.
Tanzanian billionaire Mohammed Dewji courts Botswana weeks after pledging $250 million to Mozambique
Mohammed Dewji met Botswana's president and central bank governor in Gaborone, days after committing more than $250 million to Mozambique.