Egypt's billionaire Elsewedy family bets $700 million on energy services
Egypt's El Sewedy family has announced about $700 million of investment as Elsewedy Electric pushes from cables into power services.
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Geneva's tax authority demands millions from Cameroonian billionaire Paul Fokam
Geneva's tax administration has opened a case against Cameroonian banker Paul Fokam over undeclared wealth during ten years living in Switzerland.
Billionaires Strive Masiyiwa, El Sewedy family join Vodafone to build Egypt's first AI data centre
Strive Masiyiwa's Cassava and the El Sewedy family's Elsewedy Electric have joined Vodafone to build Egypt's first AI data centre.
South African tycoon Zunaid Moti's Botswana schools deal could cost taxpayers $1.5 billion
Botswana's opposition says a schools deal tied to Zunaid Moti could cost taxpayers P20 billion, and wants a parliamentary panel to investigate.
Tanzanian billionaire Ghalib Said Mohamed wants more trains to the inland cargo hub he runs
Tanzania Railways may add trains to Isaka, the inland cargo hub Ghalib Said Mohamed leases, which clears freight for Rwanda, Burundi, Congo and Uganda.
African Wealth Briefing — Wed., Sept. 9, 2026
An 81-year-old Benin-born engineer who once ran Gabon's oil quietly holds $1.43 billion of Nigerian oil shares — one of several fortunes hiding in plain sight over the weekend.
The Inside Story: The $16,000 Start — How Muhammed Jah Built The Gambia's Largest Conglomerate From a Computer School in One of Africa's Smallest Economies
In one of Africa's smallest economies, Muhammed Jah turned $16,000 — a student stipend and an uncle's loan — into The Gambia's largest conglomerate: its first internet provider, first 3G network, a bank and its first data centre. A national champion built from almost nothing.
Deep-Dive Report: Waste Into Wealth — How Joseph Siaw Agyepong Built a 29-Country Empire on Government Contracts, and the Scrutiny Now Following It to Kenya
Joseph Siaw Agyepong turned his mother's printing shop into a 76-company, 29-country empire on one idea: governments always pay to have their rubbish removed. But in Nairobi and Mombasa, two of his biggest contracts are now being challenged in court.
Investor Memo: The Quiet Fortune — How Benin-Born Oil Veteran Samuel Dossou-Aworet Built a $1.4 Billion Stake in Seplat and Aradel
An 81-year-old Benin-born engineer who ran Gabon's oil for 13 years quietly holds ~$1.4 billion of Nigerian oil shares — Seplat and Aradel — through Petrolin vehicles almost no one tracks. Samuel Dossou-Aworet, and the rare edge of the operator who became an owner.
Raffles Family Office hires former Rwandan minister Jean de Dieu Uwihanganye to court wealthy Africans
Jean de Dieu Uwihanganye, Rwanda's former infrastructure minister, joins Raffles Family Office to lead its push along the Africa-Asia corridor.
South Korean billionaire Kwon Hyuk-bin loses 35% of Smilegate in a record $1.9 billion divorce
A Seoul court orders Smilegate founder Kwon Hyuk-bin to hand his ex-wife a 35% stake and cash worth $1.91 billion, a national record.
Africa's richest man Aliko Dangote is worth $54 billion after refinery filing reveals 87% stake
A new prospectus shows Aliko Dangote holds 87.27% of his oil refinery, putting the fortune of Africa's richest man at $54 billion.
Billionaire Aliko Dangote's $16 billion Kenyan refinery has no secure crude supply
Aliko Dangote breaks ground at Lamu on Sept. 30 on a 700,000-barrel refinery, in a country with no commercial oil production.
Kenyan tycoon Suleiman Shahbal signs a $100 million Mombasa deal with Dubai's DP World
DP World is putting more than $100m into a 535-acre industrial zone at Jomvu with Suleiman Shahbal's GulfCap. At the signing, President Ruto used the podium to tell Shahbal to abandon his bid for Mombasa governor.
Indian billionaire Gautam Adani's airport arm raises $1 billion at an $18 billion valuation
Adani Airport Holdings will raise 98.25 billion rupees from Temasek, BlackRock funds, Alpha Wave Global and Premji Invest for 5.54%.
Billionaire Michael Dell overtakes Jeff Bezos to become world's third richest
Michael Dell is now the world's third-wealthiest person on Forbes' ranking, ahead of Jeff Bezos for the first time. His fortune has more than doubled in a year on demand for AI server hardware.