Egyptian tycoon Hassan Allam’s group wins $550 million New Cairo project
Hassan Allam Construction wins $550 million New Cairo project, boosting Egypt’s sustainable urban growth and luxury real estate.
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Billionaire Jean-Louis Billon bets palm oil fortune on Ivory Coast presidency
Jean-Louis Billon, heir to a $1.2 billion palm oil empire, is positioning himself as the face of a new generation in Ivorian politics.
MacKenzie Scott pours $385 million into Africa: who got it and what’s working
Between 2019 and 2024, MacKenzie Scott gave $385 million to Africa-based groups. We track the ten biggest beneficiaries and what’s changed.
Burkina Faso’s richest man Mahamadou Bonkoungou at the center of revived $420 million Liberia deal”
A controversial EBOMAF infrastructure contract tied to Mahamadou Bonkoungou is back in focus as Liberia’s Boakai government revisits the shelved deal.
Egyptian billionaire Mohamed Mansour’s group to build sports facility in Ghana
Mansour Group, chaired by Egyptian billionaire Mohamed Mansour, will build a new Right to Dream Academy near Accra
Inside Australian billionaire Andrew Forrest’s high-stakes African gamble: one win, many hurdles
In Gabon, Andrew Forrest shipped iron ore within a year. Elsewhere across Africa, his green dreams remain stuck in the waiting room.
Zimbabwean tycoons Wicknell Chivayo and Kudakwashe Tagwirei named in $3.2 billion corruption dossier
A leaked dossier naming Wicknell Chivayo and Kudakwashe Tagwirei has ignited calls for a forensic audit into alleged $3.2 billion state looting.
Wema Bank, partly owned by Kessington Adebutu, gets approval for $34 million raise
Wema Bank, partly owned by Adebutu, raises $34 million, strengthening capital and funding digital expansion.
Egyptian billionaire Samih Sawiris confirms transfer of Orascom Development shares to his son
Samih Sawiris confirms he transferred all Orascom Development shares to his son Naguib, marking a generational shift in the Egyptian billionaire’s empire.
Capitec rally pushes Michiel Le Roux stake to $3 billion
South African billionaire Michiel Le Roux’s Capitec stake climbs to $3 billion amid rising shares and investor confidence.
Adebayo Ogunlesi-linked OpenAI to launch first African AI academy in Nigeria
OpenAI, with Nigerian billionaire Adebayo Ogunlesi on its board, picks University of Lagos for Africa’s first AI academy.
South African billionaire Christo Wiese’s Premier to acquire RFG in $340 million share swap
Christo Wiese-backed Premier Group to acquire fellow South African food producer RFG Holdings in a share-swap deal valued at up to $340 million.
Egyptian billionaire Yasseen Mansour’s Palm Hills settles $6.3 million North Coast dues
Palm Hills, chaired by billionaire Yasseen Mansour, settles $6.3 million in North Coast fees as sales surge amid Egypt’s resilient property market.
Africa’s richest man Aliko Dangote faces operational setbacks at $20 billion refinery
Dangote Petroleum Refinery faces fresh disruptions as crude intake slows, raising concern over Nigeria’s fuel supply.
Why Africa’s billionaires are quietly banking offshore in Belize
From Cape Town to Cairo, Africa’s billionaire class is looking offshore — and Belize has emerged as a strategic favorite. Here’s what’s fueling the quiet migration of capital.
Seplat, co-founded by Austin Avuru, grows oil operations with new Mobil assets
Seplat Energy steps up oil and gas production after acquiring Mobil assets, strengthening performance and expanding Nigeria’s offshore capacity.