Kenyan billionaire John Kibunga Kimani lifts his Centum stake to 11.51%
John Kibunga Kimani raised his Centum stake to 11.51% in the year to March 2026, from 1.24% five years ago, buying 7.19 million more shares.
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Shoprite CEO Pieter Engelbrecht gets $2.2m of $7m share pool
Thirteen executives at Africa's largest grocer have been handed R115 million in shares. The chief executive took nearly a third. The finance chief took part of his through his wife, and moved another R11.5 million of stock into a family trust.
Bill Gates pledges $1bn for AI in the world's poorest countries
Bill Gates says the next 12 to 18 months decide whether AI reaches the people with the least or entrenches those with the most. His foundation is putting $1 billion behind the first outcome, most of it in Africa and South Asia.
Ivorian Palm oil billionaire Jean-Louis Billon has been named an IUCN Patron of Nature in China
The IUCN named SIFCA chairman Jean-Louis Billon a Patron of Nature on Sept. 14, the first from West Africa in the programme's 16-year history.
Billionaire Michael Dell lost $15.1bn in a morning as AI stocks sold off
Michael Dell's fortune fell $15.1 billion in a single morning as AI-linked stocks sold off worldwide. The cause was not Dell's business but a call from three AI chief executives for coordinated safety work, which investors took as a warning on future spending.
Algerian billionaire Issad Rebrab is now barred from running even his smallest companies
Issad Rebrab, 81, has been stripped of the right to manage the small companies he owns outside Cévital, three years after losing the group itself.
Coleman, owned by Nigeria's wealthy Onafowokan family, is now the biggest cable maker in West Africa
Coleman Technical Industries ranks sixth in Africa and first in West Africa, chairman Solomon Onafowokan said at its new headquarters opening.
Tewodros Ashenafi is the man foreign companies use to get into Ethiopia
Tewodros Ashenafi was the local partner on Ethiopia's largest privatisation, a $1.4 billion tobacco deal, and co-owns Ambo with Coca-Cola.
Adaora Umeoji's Zenith Bank stake is now worth $27 million
Adaora Umeoji holds 285,096,933 Zenith Bank shares, worth N35.89 billion at Monday's close, the largest stake held by any Nigerian bank chief.
Billionaire Aliko Dangote says he did not need the $1.5 billion he is raising
Dangote's refinery raised its private placement at two and a half times cover and handed back about $1.2 billion. The IPO that opened in Lagos on Monday is not about the money, Aliko Dangote said, but about who gets to own the asset.
Nigerian-Lebanese tycoon Bassim Haidar's Optasia is pivoting from airtime to electricity
Optasia is moving into electricity advances and credit card-style loans, months after founder Bassim Haidar cut his stake from 19.3% to 1.5%.
Egyptian billionaire Nassef Sawiris opens a €866 million offer to take OCI private
NNS Holding opened its all-cash offer for OCI Global on Sept. 15 at €4.10 a share, valuing the fertiliser group at about €866 million.
Billionaire Tyler Perry says he will never marry because divorce destroys fortunes
Tyler Perry told The Jennifer Hudson Show he will never marry, saying everyone he knows who did well and went broke did so through divorce.
Kenyan billionaire Vimal Shah says he was defrauded of $745,000 in currency deal
Bidco Africa founder Vimal Shah told a Nairobi court he sent Ksh102.4 million for dollars that never arrived, after a friend vouched for the deal.
Aliko Dangote is worth $51.3 billion, more than twice Nigeria's other billionaires combined
Forbes puts Aliko Dangote at $51.3 billion on Sept. 14, against $21.1 billion for Abdulsamad Rabiu, Mike Adenuga and Femi Otedola combined.
Indian billionaire Satyanarayan Nuwal's Solar buys South Africa's Omnia for $1.4 billion
Solar Industries has agreed to buy Omnia Holdings at 134.5 rand a share, a 14.3% premium, in a deal valuing the JSE-listed group at $1.4 billion.