Adrian Gore’s Discovery quits South Africa's top business lobby after taking bigger role
Discovery CEO Adrian Gore has left Business Unity South Africa after four years to chair Business Leadership South Africa from May 2026.
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Egyptian billionaire Naguib Sawiris draws Endeavour Mining's weakest investor backing at 2026 annual meeting
Egyptian billionaire Naguib Sawiris kept his seat on Endeavour Mining's board at its 2026 AGM, but drew the weakest shareholder support of any director.
Egypt jailed him for nine years. He came out and built an $8 billion real estate empire.
Hisham Talaat Moustafa served nine years in prison, walked out in 2017 and built Egypt's largest listed real estate developer into an $8 billion annual sales machine.
Egypt's Elsewedy Electric buys majority stake in Dutch gas turbine specialist Thomassen Service
Egypt's Elsewedy Electric, controlled by the billionaire El-Sewedy family, has acquired a 60% stake in Dutch gas turbine specialist Thomassen Service to expand across the Middle East and Africa.
African Wealth Briefing — Fri., May 22, 2026
Aliko Dangote says his refinery will end Africa's dependence on imported fuel; James Mwangi accelerates Equity Group's regional expansion with new banking licenses; Patrice Motsepe pushes deeper into renewable energy.
The Inside Story: What Dangote, Motsepe, Masiyiwa, Rabiu, Kagame and the Others Are Now Saying in Coordination, and What Foreign Investors Should Read Into It
Seven African industrial principals — Dangote, Motsepe, Masiyiwa, Rabiu, Kagame, Tinubu, Nahdi — have converged on one coordinated policy framework over six days. What foreign investors should read into it.
Executive Insight: James Mwangi’s Lobito Corridor Bet and the Next Phase of Pan-African Banking Consolidation
James Mwangi just announced Equity Group's expansion into Angola, Zambia and Mozambique along the Lobito Corridor — the most ambitious single banking expansion announcement of 2026.
Kenyan port billionaire Abubakar Joho wins court round in drug trafficking smear case
A Kenyan court has rejected a bid to remove key evidence in a criminal defamation case brought by Mombasa port billionaire Abubakar Joho over drug trafficking claims.
Tanzania court hears Pula witness testimony in $195 million graphite lawsuit against billionaire Patrice Motsepe's companies
Tanzania's High Court heard witness testimony from Pula Group this week in its $195 million graphite mining lawsuit against companies linked to South African billionaire Patrice Motsepe.
Egyptian billionaire Hisham Talaat Moustafa partners with Saudi Arabia's Sela to build entertainment ecosystem across Egypt
Egyptian real estate billionaire Hisham Talaat Moustafa has partnered with Saudi Arabia's Sela to create an integrated entertainment and live events ecosystem across Egypt.
South African multimillionaire Nkululeko Sowazi named as new Investec Bank chair
South African investment veteran Nkululeko Sowazi has been appointed to Investec's board and will become chair of Investec Bank Limited from August 6, 2026.
Nigerian oil billionaire Igho Sanomi turns 51 with a standout philanthropy record
Nigerian oil billionaire Igho Sanomi turns 51 with a philanthropy record spanning hospital wards, flood zones and cancer research labs on two continents.
Nigerian energy tycoon Olakunle Williams’ Tetracore signs UK tech deal for 5,000 BPD gas-to-liquids plant in Ogun
Tetracore GTL has signed a technology agreement with UK-based Velocys to develop a 5,000 BPD gas-to-liquids plant in Atakabo, Ogun State, Nigeria.
Billionaire Femi Otedola says he sold his Geregu Power stake to buy $100 million worth of Dangote Refinery shares
Femi Otedola confirmed he sold his Geregu Power stake to fund a $100 million investment in the Dangote Petroleum Refinery IPO as demand for the offering approaches $2 billion.
Ghanaian tycoon Papa Kwesi Nduom triumphs as Court of Appeal restores GN Savings licence
Ghana's Court of Appeal unanimously restored Papa Kwesi Nduom's GN Savings and Loans licence on May 21, ruling the Bank of Ghana's 2019 revocation was unfair and unreasonable.
South Africa's billionaire Levy brothers wrote down $33 million on Cell C and are now selling down their stake
Blue Label co-CEOs Brett and Mark Levy revealed what went wrong with their R5.5 billion Cell C bet and confirmed Blu Label is now looking to reduce its controlling stake in the mobile operator.