Egyptian billionaire Samih Sawiris is spending €200 million on a resort Morocco never finished
Samih Sawiris wants to recreate El Gouna on Morocco's Atlantic coast, starting with 800 rooms in a €200 million first phase at Mogador-Essaouira.
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South African billionaire Christo Wiese says nobody can explain white monopoly capital to him
Christo Wiese, worth about R31 billion, says the slogan aimed at him for years is meaningless and that 95% of his wealth remains in South Africa.
Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
Mo Ibrahim told Zambia's Hakainde Hichilema not to waste his first-term progress, citing arrests, the death of a former MP and court closures.
South Africa's wealthy Moolman family just sold nine shopping malls for $124 million
The Moolman family sold nine shopping centres for R2 billion but still owns 1.2 million square metres of South African commercial property.
Filipino billionaire Enrique Razon is buying African ports after doubling his fortune to $21.8 billion
ICTSI, controlled by Filipino billionaire Enrique Razon, is buying TLG, a port operator in Mozambique, Namibia and South Africa. Price undisclosed.
Angolan tycoon Carlos São Vicente, jailed for embezzlement, says he could lose a kidney
Carlos São Vicente, jailed since 2020 over Angola's $900 million insurance case, says he faces kidney failure and sepsis without urgent surgery.
South African mining mogul Bridgette Motsepe-Radebe controls just one of her mines
Bridgette Motsepe-Radebe controls 51% of one colliery. Everything else her company Mmakau Mining holds is a minority stake in somebody else's operation.
Nigeria’s Femi Otedola lost $1.2 billion, now he’s Africa’s fastest-growing billionaire
Femi Otedola's fortune rose 36% to $1.9 billion since March, faster than any other African billionaire, on a single concentrated bet on First HoldCo.
South African lawyer Mathews Phosa built his fortune by taking equity instead of legal fees
Mathews Phosa helped mining communities list their assets and took equity as payment. He now chairs a London-listed miner and sits on some 20 boards.
South African billionaire Desmond Sacco got rich sharing one mine with Patrice Motsepe
Desmond Sacco and Patrice Motsepe each own half of Assmang and neither has bought the other out. The arrangement made both men billionaires.
Billionaires Narendra Raval, Edha Nahdi bet $600 million on clinker as Sarbjit Rai enters cement business
Narendra Raval's West Pokot plant and Edha Nahdi's Kwale project commit roughly Sh77 billion ($600m) to clinker, the input East Africa has always imported. Now Sarbjit Singh Rai has filed for a third plant in Nyeri.
Nigerian real estate mogul Sijibomi Ogundele repays $30 million debt as corruption inquiry continues
Sijibomi Ogundele says Sujimoto has repaid more than N40bn ($30m) and will be debt-free by January 2027. He makes the claim while an EFCC investigation into N5.7bn of Enugu State schools money remains open. He denies wrongdoing.
US billionaire Tim Draper is selling his private island in Tanzania for $7.9 million
Tim Draper posted his Lake Tanganyika island for sale on X at $7.9 million, with no broker and no listing, taking offers at his own email address.
King Mohammed VI's Morocco hits $4.4 billion in trade with India as the two nations eye $2.6 billion in untapped exports
Morocco's bilateral trade with India has grown from $2.9 billion in 2021 to $4.4 billion in 2026, growing at 12.4% annually as King Mohammed VI's economic modernization drive deepens ties with Asia's third-largest economy.
Quinton van Rooyen bought Trustco for N$100 and built Namibia's most contested financial empire
Quinton van Rooyen bought a small Namibian property company for N$100 in 1992, built Trustco into a triple-listed financial services group, and has spent the last decade fighting to keep it from being taken from him.
How Mobile Payment Systems Are Driving the Online Casino Boom in Africa
Mobile money moved $1.4 trillion across Sub-Saharan Africa in 2025, and online gaming is the industry that has been rebuilt around it.