Billionaire Patrice Motsepe backed to succeed Infantino as FIFA president
South Africa's sports minister has publicly backed billionaire Patrice Motsepe to succeed Gianni Infantino as FIFA president whenever the Swiss administrator steps down.
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Algerian billionaire Abderrahmane Benhamadi's Condor pushes deeper into African and European markets
Condor, the flagship of Algerian billionaire Abderrahmane Benhamadi's family group, is expanding exports across Africa and into Europe as demand for its air conditioners climbs.
Billionaire Herriot Tabuteau's Axsome wins FDA acceptance for narcolepsy drug
The FDA has accepted a narcolepsy drug from Axsome Therapeutics, the biotech built by Haitian-born billionaire Herriot Tabuteau, with a decision due in May 2027.
South Africa's PIC suspends CEO over Lanseria deal linked to billionaire Tshepo Mahloele's Harith
South Africa's PIC has suspended its CEO and drawn a regulator's probe over a Lanseria airport deal linked to billionaire Tshepo Mahloele's Harith.
Billionaire Tunde Folawiyo's Aje oil field partner PetroNor moves to exit Nigeria
PetroNor has appointed Talanger to sell its stake in Nigeria's Aje oil field, unwinding its partnership with billionaire Tunde Folawiyo's Yinka Folawiyo Petroleum.
Nigerian billionaire Femi Otedola's First HoldCo stake hits $530 million at record close
Femi Otedola's stake in First HoldCo rose to about $530 million after the Nigerian bank's shares surged 9.98% to a record close of N79.35.
Aliko Dangote's $17 billion Lamu refinery faces Greenpeace demand for halt over ecosystem risk
Greenpeace Africa has called for a halt to Aliko Dangote's $17 billion Lamu oil refinery, warning it threatens one of East Africa's fragile ecosystems.
Billionaire Nassef Sawiris' Aston Villa signs record Visit Rwanda shirt sponsorship deal
Aston Villa, co-owned by Egyptian billionaire Nassef Sawiris, has signed a record shirt sponsorship with Visit Rwanda worth up to £20m a year.
Egypt's crackdown on consumer lending strengthens tycoon Mounir Nakhla's MNT-Halan
Egypt's freeze on new fintech lending licences and tighter oversight of consumer credit entrench incumbents, strengthening Mounir Nakhla's MNT-Halan most.
Malawian billionaire Thom Mpinganjira says he built cancer hospital to save lives, not profit
Malawi's first billionaire, Thomson Mpinganjira, says he built the country's only radiotherapy cancer hospital to spare patients costly treatment abroad, not to profit.
African Wealth Briefing — Wed., July 14 & 15, 2026
A low-ball buyout he fought collapsed — and Ngugi Kiuna's stake soared instead. A stalled Moroccan takeover is revived. And results season quietly rewards the patient.
Moroccan tycoon Chakib Alj's Forafric takeover revived after deal with Elbaz and Crédit Agricole
The stalled sale of Forafric Maroc to Chakib Alj has been revived after a deal between the tycoon, Yariv Elbaz and Crédit Agricole du Maroc.
Tycoon Ngugi Kiuna's BOC Kenya stake soars after the buyout he fought collapsed
BOC Kenya shares have more than doubled since the Carbacid buyout collapsed, lifting the stake of Ngugi Kiuna, who opposed the offer as too low.
South Africa's Halamandaris family sells Famous Brands shares near the stock's recent high
A trust linked to the Famous Brands founding family sold about $129,000 of shares this month, at prices roughly 5% above where the stock now trades.
Elon Musk is a billionaire like everyone else again as fortune drops below $900 billion
Elon Musk's net worth has fallen below $900 billion as SpaceX shares slide toward their IPO price, wiping more than $500 billion since June.
Billionaire Femi Otedola is writing a sequel to his award-winning memoir Making It Big
Femi Otedola says he is writing a second book, Making It Bigger, a follow-up to the award-winning memoir he published in August last year.