Nigerian tycoon Maher Jarmakani's Lagos port lands $1 billion from the world's biggest shipping line
Maher Jarmakani's Nigerdock has signed the world's biggest shipping line to a 45-year terminal deal at Snake Island Port in Lagos.
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Egypt's billionaire El-Sewedy family will supply the transformers for a giant New Zealand AI hub
Elsewedy Electric, controlled by Egypt's billionaire El-Sewedy family, will build the transformers for a planned New Zealand AI data centre.
Egyptian billionaire Hisham Talaat Moustafa ranks 30th on Forbes Middle East's CEO list
Hisham Talaat Moustafa is the highest-placed Egyptian on Forbes Middle East's Top 100 CEOs list, after TMG booked $8 billion in sales.
South African billionaire Zak Calisto has sold $11.5 million of Karooooo stock in three weeks
Zak Calisto has sold 180,282 Karooooo shares worth about $11.5 million since late July, while keeping a stake valued above $1.1 billion.
Esther Koimett becomes Middle East Bank Kenya's largest shareholder after inheriting Nicholas Biwott's stake
Esther Koimett, daughter of the late Kenyan billionaire and cabinet minister Nicholas Biwott, has emerged as Middle East Bank Kenya's largest individual shareholder with a 17.48% stake.
Standard Bank CEO Sim Tshabalala warns Temu and Shein could wipe out South Africa's manufacturing sector
Standard Bank CEO Sim Tshabalala has warned that cheap Chinese imports from platforms like Temu and Shein could decimate South Africa's manufacturing sector if Africa fails to act.
Elon Musk's SpaceX lands deal with Vietnam's VinSpace to launch first private satellites in 2027
Pham Nhat Vuong's VinSpace has signed a launch contract with Elon Musk's SpaceX to send Vietnam's first privately developed satellites into orbit in the second quarter of 2027.
South African tycoon Giovanni Ravazzotti's Italtile warns earnings will fall on cheap imports
Italtile expects headline earnings to fall up to 12.4% as cheap imported tiles squeeze margins at Ceramic Industries, its manufacturing arm.
Kenyan banker Gideon Muriuki faces a bid to suspend him from Co-op Bank days after winning court protection
Days after the High Court shielded Gideon Muriuki from prosecution, an activist has asked the same court to bar him from running Co-operative Bank.
Africa's richest man Aliko Dangote says his $16 billion Kenya refinery needs state protection
Aliko Dangote will fund 70 percent of his $16 billion Lamu refinery with debt and says it needs protection from cheap imports.
Nigerian tycoon Eruani Azibapu's $1 billion Niger Delta refinery is nearing completion
Azibapu Eruani's Azikel Refinery in Bayelsa is at finishing stage, with capacity redesigned to 25,000 barrels a day and cost near $1 billion.
Rwanda shuts the alcohol line of Sina Gerard, the tycoon behind Akabanga chilli oil
Rwanda has shut the alcohol section of Sina Gerard's Urwibutso and arrested its production manager. The juice and food lines remain open.
African Wealth Briefing — Mon., Aug. 10, 2026
Egypt's MNT-Halan will list only its Egyptian arm, at up to $1 billion, keeping its Turkish, Pakistani and Gulf businesses private. And Julius Rone is targeting September for the go-ahead on Nigeria's first floating LNG plant — built to capture gas the country has spent decades burning off.
The Inside Story: Why Kate Fotso Deserves Every Bit of Her Moniker as the 'Iron Lady of Cameroonian Cocoa'
For a generation, Kate Fotso ran Cameroon's cocoa trade in partnership with Cargill. In January 2025 she walked away from it. The next season was the worst in her company's history. This one, she took the export lead back.
Deep-Dive Report: Out of Flare — Julius Rone Targets September for Nigeria's First Floating LNG Plant
Julius Rone is targeting September for the go-ahead on Nigeria's first floating LNG plant — a locally-led project designed to capture offshore gas the country has spent decades burning off. The prize is real: turning a wasted resource into export revenue. But so is the risk.
Investor Memo: Mounir Nakhla and MNT-Halan — What Stays Private
Mounir Nakhla plans to float only MNT-Halan's Egyptian arm in Cairo, at up to $1 billion — and keep its faster-growing Turkish, Pakistani and Gulf businesses in private hands, inside a group valued at $1.4 billion in June. The interesting part of the IPO is what he is holding back.