Africa was the world's fastest-growing ultra-wealth region in 2025, new data shows
Africa posted the world's fastest ultra-wealth growth in 2025, yet the continent's 3,440 ultra-wealthy individuals hold less than 1% of global fortunes.
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Egyptian billionaire Ahmed El Sewedy backs $500 million deal to manufacture Abu Dhabi-based ROX electric vehicles in Egypt
Ahmed El Sewedy's ESI has partnered with Abu Dhabi-headquartered EV company ROX in a $500 million joint venture to manufacture electric vehicles in Egypt for African markets.
Bento Kangamba built a $200 million empire on diamonds, logistics and a football club he almost dissolved
Bento Kangamba rose from an MPLA soldier in Moxico to a $200 million Angolan empire spanning diamonds, logistics and a football club that won the Girabola and almost collapsed.
Agostinho Kapaia left Huambo with nothing and built a $1.4 billion fertilizer empire in Angola
Agostinho Kapaia grew up in Huambo and built Grupo Opaia into Angola's most diversified private conglomerate, with 80,000 hectares of farmland and a $1.4 billion fertilizer plant under construction.
Cosmas Maduka dropped out at six and turned a 1977 N300 bet into a $500 million fortune
Cosmas Maduka dropped out of school at six, was dismissed with N200 by his uncle and built a $500 million empire from a single spare parts stall.
How Britain Became the Blueprint Africa's Casino Market Is Quietly Following
Discover how the UK’s regulatory framework and commercial giants quietly shaped Africa’s booming online casino market, pairing British discipline with Africa's mobile money revolution.
Morocco rejects plan to nationalise Ethiopian billionaire Mohammed Al-Amoudi's collapsed SAMIR refinery
Morocco's upper house has rejected a bid to nationalise the SAMIR refinery, the shuttered facility once owned by billionaire Mohammed Al-Amoudi that collapsed under $4 billion in debt.
Tanzanian billionaire Edha Nahdi's cement bets pay off as EAPC profit jumps five-fold
Tanzanian tycoon Edhah Abdallah Munif's investments in Kenya's two biggest cement companies are already paying off handsomely, with both posting sharply improved financial results.
Madagascar tycoon Mamy Ravatomanga's security firm severs ties with France's Amarante International
A security firm formerly linked to Madagascar's Mamy Ravatomanga has broken with France's Amarante International as his Sodiat Group empire faces deepening judicial pressure.
Cameroonian billionaire Paul Fokam's Afriland enters Islamic finance and sukuk
Paul Kammogne Fokam's Afriland First Group has launched financial advisory and sukuk issuance services across West Africa, deepening its Islamic finance footprint beyond Cameroon.
Kenyan billionaire Joshua Chepkwony's EADAK factory assembles 700,000 smartphones as Kenya races toward 4G and 5G
Joshua Chepkwony's East Africa Device Assembly Kenya has assembled 700,000 locally manufactured digital devices in a year as Kenya accelerates its shift to 4G and 5G.
Nigerian billionaire Abdul Samad Rabiu relaunches BUA Rice with son in charge
Abdulsamad Rabiu's BUA Foods has relaunched BUA-branded rice into Nigerian markets as his son Isyaku Khalifa Rabiu takes charge of the group's global procurement and supply chain.
Nigerian billionaire Tony Elumelu credits his success to luck
Tony Elumelu told a YouTube interviewer he got rich by luck. Coming from one of Africa's most relentlessly driven billionaires, the admission stopped people cold.
Elon Musk loses $100 billion as SpaceX shares tumble
Elon Musk has lost close to $100 billion in paper wealth in days as SpaceX shares tumbled more than 26 percent from their post-IPO peak.
Eddie Murphy's $200 million fortune is built on franchises, Donkey and a very long memory
Eddie Murphy went from $4,500 per SNL episode at 19 to a $200 million fortune built on Beverly Hills Cop, Shrek's Donkey, a $70 million Netflix deal and the AFI Life Achievement Award.
Michael B. Jordan owns a Premier League club but can't sell his $12.5M mansion
Michael B. Jordan can't sell his $12.5 million Encino mansion. His most valuable real estate is the Premier League stadium his club just bought back.