Tanzanian billionaire Edha Nahdi gives $35 million to build 10 hospitals in Kenya
Amsons Group broke ground on the first of 10 mother and baby hospitals it is funding across Kenya with a $35 million grant, Ruto announced.
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Lebanese telecoms tycoon Ziad Dalloul's Africell gets $100 million from Washington to counter Huawei in Africa
The US Export-Import Bank will lend nearly $100 million to Africell, the only American-owned mobile operator in Africa, to buy US equipment.
Billionaire LeBron James meets Angola's business leaders on his first visit to Africa
LeBron James arrived in Luanda on Friday at the invitation of Angola's tourism ministry, and races his E1 electric boat team there on Sunday.
Billionaire Larry Ellison cancels his plan to sell $7.5 billion of Oracle stock
Oracle said on Sept. 12 that Larry Ellison cancelled his 10b5-1 plan, that no stock was sold under it, and that he has no other plans to sell.
Bamanga Tukur, who ran Nigeria's ports then built a shipping business, dies at 90
Bamanga Tukur ran the Nigerian Ports Authority from 1975 to 1982 and registered a shipping agency while in office. He died on Saturday at 90.
The $100 Million Investor Club on the Nigerian Exchange: All 17 Members and What They Own
Seventeen investors held Nigerian Stock Exchange shares worth at least $100 million at Friday's close. Here is every stake they own and what each is worth.
South African billionaire Sandile Zungu loses the SAFA presidency by 157 votes to 82
Sandile Zungu lost the South African Football Association presidency to Danny Jordaan at the elective congress in Midrand on Saturday.
South African tycoon Don Ncube was Anglo's first black director and now drills for gas
Don Ncube holds 16.35% of Kinetiko Energy, a stake worth about $6.9 million, built from licences the South African state had no form to issue.
Nigerian tycoon Uche Ogah quit banking to build an empire selling petrol, noodles and tricycles
Uche Ogah registered Masters Energy while still a Zenith Bank manager. It now runs 50 filling stations, two depots and a 198-hectare estate.
Billionaire Aliko Dangote goes to China to build a shipping fleet from scratch
Dangote Group will order vessels from Chinese shipyards, with first deliveries as early as 2029, as refinery expansion drives cargo demand.
African Wealth Briefing — Sat., Sept. 12, 2026
A single prospectus revealed Aliko Dangote owns 87% of his refinery — and revalued Africa's richest man to $54 billion overnight.
Deep-Dive Report: The Serial Builder — How Yerim Sow Walked Away From His Father's Empire and Built 52 Companies Across 16 Countries
Yerim Sow could have inherited one of West Africa's biggest construction groups. Instead he built his own — 52 businesses across 16 countries in telecoms, banking, hotels and property. This month he's listing his Ivorian bank on the regional exchange, without loosening his grip.
Wealth Intelligence: Borrowed Billions — How Lebashe Ended Up Sitting on $2.5 Billion of Capitec Shares It Bought With Debt, and Why the Number Misleads
Lebashe sits on $2.5 billion of Capitec shares — bought with borrowed money and pledged to two banks as collateral. The week Dangote's fortune jumped $23 billion on a filing, it's the counter-lesson: a headline number and a real fortune are not the same thing. Gross vs. net.
The Inside Story: The Dealmaker's Heirs — Naushad Merali Mastered the Art of the Deal, Then Died. Can His Heirs Do What He Did?
Naushad Merali built one of Kenya's great fortunes buying troubled companies cheap and selling high — most famously turning a mobile venture into a windfall worth hundreds of millions. He died in 2021. This week his heirs stepped back toward manufacturing. Can the gift be inherited?
Burkinabè banker Idrissa Nassa leads a business push into Nigeria after the ECOWAS split
Larry Ellison has spent decades borrowing against Oracle shares rather than selling. He now plans to sell up to $7.5 billion of them by Oct. 24.
Billionaire Larry Ellison prepares to sell $7.5 billion of Oracle stock as shares collapse
Larry Ellison adopted a 10b5-1 plan in June to sell up to 50 million Oracle shares through Oct. 24, worth about $7.5 billion at current prices.