Nigerian executive Michael Nzewi’s CardinalStone trading arm hits $1.4 billion
Michael Nzewi’s CardinalStone trading arm hits $1.4 billion in 2025, leading Nigeria’s stockbrokers by transaction value.
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Egyptian billionaire El-Sewedy family’s company wins $60 million Kuwait contract
Egyptian billionaire El-Sewedy family’s Elsewedy Electric wins $60 million Kuwait contract to expand MENA infrastructure projects.
Moroccan real estate tycoon Alami Lazraq gains $43 million from ADI stake
Alami Lazraq gains $43 million in the first 9 days of 2026 as shares of ADI surge on the Casablanca Bourse.
Kudakwashe Tagwirei pours $2.5 million into Zimbabwe’s most successful football club
Zimbabwean billionaire Kudakwashe Tagwirei invests $2.5 million in Dynamos FC, supporting player salaries, operations, and CAF Cup ambitions.
Abdul Samad Rabiu set to become third Nigerian to hit $10 billion after Adenuga, Dangote
Abdul Samad Rabiu nears $10 billion, set to become the third Nigerian to hit the milestone, after Adenuga and Dangote in 2016.
Africa’s richest man Aliko Dangote refinery's denies petrol supply disruption
Aliko Dangote’s refinery dismisses supply claims, boosts petrol output, and ensures steady access for all marketers.
Nigerian billionaire Abdul Samad Rabiu offers cash bonuses to Super Eagles after Algeria win
Rabiu promised $500,000 for a semifinal win and $1 million for the title, adding extra payments for every goal scored.
South Africa needs more black billionaires, ANC's Fikile Mbalula says
Fikile Mbalula says empowerment policy must deliver more Black billionaires, defending BEE as the DA pushes an alternative bill.
South African tycoon John Copelyn’s HCI to sell Hermanus mall stake for $36 million in latest property exit
Hosken Consolidated Investments will sell its 65% stake in Whale Coast Village Mall, a move CEO Johnny Copelyn says frees capital for growth.
Nigerian banker Jim Ovia gains $18.5 million from Zenith Bank shares
Jim Ovia’s Zenith Bank stake gains $18.5 million as shares rise, lifting investor confidence and boosting the lender’s market value.
Adiwale Partners, led by Jean-Marc Savi de Tové, backs Guinea healthcare firm
Adiwale Partners backs Guinea’s Clinique Ambroise Paré, funding upgrades and expanding access to quality healthcare locally.
South African executive Gary Nagle in talks to create $260 billion mining giant
South African executive Gary Nagle leads talks to merge Glencore and Rio Tinto, creating a $260 billion mining powerhouse.
African private equity firm Kibo Capital Partners keeps cashing out as its last fund winds down
Kibo Capital Partners is selling down its remaining portfolio, extending a run of exits that includes banking and logistics across East Africa.
Cameroonian businessman Paul Fokam’s Afriland tops $3.6 billion in assets
Cameroonian businessman Paul Fokam’s Afriland First Bank passes $3.6 billion in assets, cementing its lead in Central Africa.
Nigerian businessman Nzan Ogbe's Levene Energy secures $64 million Afreximbank loan for Axxela stake
Afreximbank approved a $64 million facility for Levene Energy as founder Nzan Ogbe pushes deeper into Nigeria’s gas infrastructure.
7 African Billionaires Betting Big on Cement
From Lagos to Casablanca, homegrown moguls turned limestone into fortunes, reshaping Africa’s cement map and building booms.