Billionaire Femi Otedola spends another $14.9 million on First HoldCo as stake hits 27.5%
Femi Otedola bought 147.7 million First HoldCo shares at N140, lifting his stake to about 27.5% and his holding past 12.2 billion shares.
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Cameroonian billionaire Paul Fokam Kammogne's Congolese bank is $117 million in the red
Afriland First Bank RDC has negative equity of $116.9 million four years after Paul Fokam Kammogne's group was pushed out by regulators.
South African dealmaker Richard Ngwenya launches HoneyBadger Family Office to back fintech
The veteran South African investment banker has launched HoneyBadger Family Office, a Johannesburg platform focused on building and scaling fintech and financial services across Africa.
Billionaires Jeff Bezos and Facebook co-founder Eduardo Saverin buy into Liverpool FC in record $7.1 billion deal
Jeff Bezos and Facebook co-founder Eduardo Saverin have joined a billionaire consortium buying roughly 30% of Liverpool FC at a record $7.1 billion valuation, with an option to take majority control within a year.
Nigerian defense-tech startup Terra Industries closes Africa's largest seed round at $52 million
The Nigerian defense-technology company raised an additional $18 million to close what it called Africa's largest seed round, lifting the total to $52 million.
Billionaire Dylan Taylor says humans will commute to the moon by the early 2030s
Voyager Technologies founder Dylan Taylor says humans will be living and working on the moon by the early 2030s, with resource mining and orbital data centers among the first jobs up for grabs.
Mohamed Al-Fayed trafficking victims say Met Police failed to offer them legal protection they were owed
Four women allegedly trafficked by billionaire Mohamed Al-Fayed say Metropolitan Police officers broke the law by failing to refer them to the UK's National Referral Mechanism for trafficking victims.
Zimbabwean billionaire Strive Masiyiwa directs Econet to create jobs for citizens returning from South Africa
Zimbabwean billionaire Strive Masiyiwa has directed his Econet group to create jobs for citizens returning home from South Africa, spanning construction, agriculture and mobile money.
EFCC transfers $60 million recovered from Ernest Azudialu-Obiejesi's Nestoil to lenders
Nestoil has paid $60 million to its lenders under an EFCC-brokered plan, ten weeks after the Supreme Court dissolved its asset freeze.
African Wealth Briefing — Mon., Aug. 17, 2026
Nathan Kirsh, a 94-year-old few outside the trade had heard of, crossed $20 billion — the third African ever — after agreeing to sell his cash-and-carry empire to Sysco for $29.1 billion.
The Inside Story: The Unfinished University — Herbert Wigwe Planned a $500 Million Campus for 1,400 Students, Died Before It Opened, and Left Behind 300 and a Question About Legacy
Herbert Wigwe built one of Africa's great banks, then poured a reported $500 million into the project he called his most ambitious: a world-class university in his home town.
Deep-Dive Report: Made in Egypt — Inside Nagy Toma's Dice Group, the Vertically Integrated Machine Stitching 20 Million Garments a Year for Benetton, Decathlon and Inditex
As global brands hunt for factories closer to home than Asia, Dice Group is a live case study in whether Egypt can become the workshop between Europe and America.
Investor Memo: The $29 Billion Exit — How Eswatini's Nathan Kirsh Sold His Invisible Cash-and-Carry Empire to Sysco and Crossed $20 Billion
A 94-year-old you have probably never heard of just crossed $20 billion. The anatomy of the quietest mega-deal in Africa's wealth history, and the lesson in the value of the unglamorous.
Football's only two billionaires, Cristiano Ronaldo and Lionel Messi, are both nearing the end
Cristiano Ronaldo says this is probably his last season. Lionel Messi has voiced doubts after his father's death. Both are billionaires.
Egypt's billionaire Elsewedy family is building a $1 billion phosphate complex at Ain Sokhna
Egypt's petroleum minister met Ahmed El-Sewedy to accelerate a $1 billion phosphate fertiliser complex being built at Ain Sokhna.
Egyptian tycoon Nagy Toma's factories make 20 million garments a year for Benetton and Decathlon
Nagy Toma's Dice Group runs six Egyptian factories and 8,500 workers, making 20.4 million garments a year for brands including Benetton.