Tewodros Ashenafi: Energy mogul behind one of Ethiopia's leading oil companies
SouthWest Energy (SWE), which Ashenafi founded in 2005, has become Ethiopia’s leading indigenous oil and gas exploration and production company.
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South African tech mogul Zak Calisto sees $71 million boost from Karooooo shares
This gain comes after a late-January decline that had reduced his stake to $874 million.
Tanzania’s richest man reveals crypto scammers hacked his X account after token collapse
According to Mohammed Dewji, the breach occurred between Feb. 5 at 4:00 PM and Feb. 6 at 2:00 AM.
Africa’s richest man, Aliko Dangote’s refinery exports jet fuel to Saudi Arabia
Dangote said the refinery, which began operations in early 2024, is steadily ramping up production, now reaching 550,000 barrels per day (bpd).
Meet Adegbite Falade: Nigerian energy boss steering a $1.6 billion powerhouse
Since his appointment, Falade has led Aradel through a period of substantial transformation, positioning the company as a powerful force in Nigeria’s energy industry.
Alami Lazraq’s fortune soars as Moroccan real estate stake tops $600 million
This secures Lazraq’s standing among Morocco’s wealthiest individuals, reinforcing his influence as a top investor on the Casablanca Bourse.
Africa’s largest asset manager sells $7.9 million stake in Jonathan Jawno-led Transaction Capital
PIC's decision reflects a strategic adjustment in response to rising costs and a slow economy, affecting South African businesses like Transaction Capital.
South Africa’s 10 richest billionaires in 2025
From luxury goods to mining and fintech, they shape economic trends and investment flows across Africa and beyond.
Kanye West faces $20 million contract loss in Japan after anti-Semitic remarks cost him $1.6 billion
This adds to the rapper’s mounting struggles, exacerbated by a $1.6 billion hit in October 2022 when Adidas cut ties with him over his anti-Semitic remarks.
Flutterwave to delay IPO until profitable, Nigerian tech entrepreneur Olugbenga Agboola confirms
Agboola emphasized that the IPO’s timing isn’t just about being ready from an operational standpoint, but about delivering real, long-term value to its stakeholders.
Aga Khan IV, spiritual leader and business visionary, dies at 88
Aga Khan’s investments shaped East Africa’s media, banking, and hospitality sectors.
South African tycoon Christopher Seabrooke’s stake in Sabvest drops by $6 million
The decline comes as investors on the Johannesburg Stock Exchange (JSE) take profits and adjust their portfolios.
Egypt’s richest man loses $220 million in one week
Despite recent setback, Sawiris' wealth is up by $261 million YTD, driven by early 2025 gains and strong performance in his diverse portfolio.
Egyptian business executive Dalia Khorshid drives Beltone to record $143 million revenue in 2024
The strong results reinforced its position as one of the fastest-growing financial institutions in the Middle East and North Africa (MENA) region.
South African tech mogul Jens Montanana buys Datatec shares worth $4.25 million
The move cements his position among the company’s top shareholders and reflects confidence in its future.
Pick n Pay, backed by Ackerman family, shuts more stores across South Africa
The retailer has closed 32 additional stores across the country, signaling its effort to streamline operations and reduce losses.