Mariya Dangote explains why Dangote Cement chose London for secondary listing
Dangote Cement chose London over Dubai for its secondary listing because listing in the Gulf would have taken years, Mariya Dangote told reporters in Lagos.
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Ghanaian food entrepreneur Catherine Krobo Edusei sells control of Eden Tree after 29 years
Catherine Krobo Edusei has sold majority control of Eden Tree, the Ghanaian fresh produce brand she founded in 1997 and built over 29 years.
The Long Game: Kirsan Ilyumzhinov's return — and the African foundation he spent three decades building
He is back on the ballot for the presidency of world chess, carrying Russia's endorsement and something no rival can assemble in a single campaign season: thirty years of relationships across a continent that now holds the deciding hand.
African Wealth Briefing — Fri., July 24, 2026
Johann Rupert walks away from a major deal and buys his own shares instead. Patrice Motsepe reopens the platinum mine he shut. And Aliko Dangote's refinery runs at half speed just as Nigeria's petrol imports triple.
The Inside Story: The Six-Month Window
Stephen Saad said you have to be within six months of the first launch to be part of market formation. This week Africa's largest drugmaker won approval to sell a generic Ozempic in Canada — and then discovered it has no ingredient to make it with.
Deep-Dive Report: Both Sides of the Pump
Aziz Akhannouch is worth $1.6 billion, controls the group that sells roughly a third of Morocco's fuel, and runs the government that sets fuel policy and awards public contracts. Inside the structure of a fortune that sits on both sides of the same market.
Wealth Intelligence: The Discipline of No
Johann Rupert spent months examining a "potentially very significant" investment — and walked away. Reinet is now buying back up to €500 million of its own shares instead, sitting on the largest cash pile in its history.
Black-owned staffing firm Epitec acquires TalentBurst's IT and government businesses
Epitec, one of the largest Black-owned firms in the United States, has acquired the IT and government staffing divisions of Boston-based TalentBurst.
France looks to Nigerian billionaire Mike Adenuga to fund its Abuja cultural institute
France is in talks with Nigerian billionaire Mike Adenuga over funding a new Institut Français in Abuja, where Macron will lay the foundation stone.
Nigerian billionaire Femi Otedola's fortune has grown $400 million this year on a single bank stock
Femi Otedola is worth about $1.7 billion, up $400 million since March, with just over half of that now sitting in a single bank stock.
France's billionaire Perrodo family built an $11.4 billion fortune on Africa's abandoned oil wells
The Perrodo family built an $11.4 billion fortune buying the African oil fields the majors abandoned, and now face a French trial over Congo pollution.
Africa's richest man Aliko Dangote raises $2.5 billion in record private placement
Aliko Dangote's refinery has raised $2.5 billion in Africa's largest private equity placement, valuing it near $40 billion ahead of a planned listing.
Africa's richest man Aliko Dangote turns to exports as Nigeria's petrol imports triple
Nigeria's gasoline imports tripled in June as Aliko Dangote's refinery cut domestic supply to sell abroad and earn the dollars it needs to buy crude.
Billionaire Patrice Motsepe's ARM bets $912 million on platinum, reopening the mine it shut
Patrice Motsepe's African Rainbow Minerals will spend $912 million redeveloping the Bokoni platinum mine it closed last year, betting on a supply shortage.
Senegalese billionaire Yerim Sow's Bridge Bank sells out $118 million offer in a day
Bridge Bank, controlled by Senegalese billionaire Yerim Sow, raised its full $118 million target within 24 hours of opening its share offer on the BRVM.
Madagascar tycoon Mamy Ravatomanga has spent seven months in jail without formal charge
Malagasy tycoon Mamy Ravatomanga has spent seven months in a Mauritian prison on provisional charges, with prosecutors yet to file any formal accusation.