Nigerian power billionaires set for windfall as government moves to clear $2.7 billion electricity debt
A long-stalled $2.7 billion debt cleanup could unlock cash and capacity for Nigeria’s billionaire-owned power plants.
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Moroccan royal family’s Attijariwafa Bank stake falls below $8 billion
The market value of Morocco’s royal family’s stake in Attijariwafa Bank has fallen below $8 billion after a recent slide in the lender’s share price.
South African tycoon Mike Teke’s Seriti starts third phase of Mpumalanga wind project
Seriti Green begins construction on its third Mpumalanga wind project, boosting South Africa’s renewable energy capacity.
CIC Group, backed by Kenyan tycoon Gideon Muriuki, unveils dollar fund giving investors access to global markets
CIC Group, backed by Kenyan tycoon Gideon Muriuki, launches a dollar-based balanced fund to expand access to global investment opportunities.
Ugandan tycoon Emmanuel Katongole’s QCIL unveils new drug factory in Kampala
QCIL, chaired by Ugandan tycoon Emmanuel Katongole, has unveiled a new factory in Kampala, boosting Africa’s drug output and regional health self-reliance.
Kenyatta family’s NCBA in takeover talks with Standard Bank
The Kenyatta family’s NCBA Group may be on the verge of a takeover by Standard Bank, signaling a shift in Kenya’s financial power.
Nigerian auto magnate Innocent Chukwuma to build CNG vehicle plant in Bayelsa
Innocent Chukwuma moves to expand clean transport as Innoson plans a major CNG vehicle plant in Bayelsa State.
Transcorp Power, linked to Tony Elumelu, posts $210 million nine-month revenue
Transcorp Power, linked to Nigerian tycoon Tony Elumelu, reports $210 million nine-month revenue driven by higher power generation and steady operational efficiency.
Africa’s richest man Aliko Dangote’s net worth climbs to $29.7 billion
Africa’s richest man, Aliko Dangote, sees his fortune rise to $29.7 billion after strong gains in cement and oil assets.
South African tycoon Gus Attridge’s Aspen stake rebounds above $100 million
South African businessman Gus Attridge’s stake in Aspen Pharmacare rebounds above $100 million as the company’s shares recover on the JSE.
Inside the secretive succession of Rwandan tobacco billionaire Tribert Rujugiro’s empire
When Tribert Rujugiro Ayabatwa died in Dubai in April 2024, he left more than a fortune. From Uganda to Angola, his Pan-African tobacco empire—built on power, politics, and secrecy—passed to his heirs. The story of one of Africa’s most elusive fortunes enters a new chapter.
Kansagra family-backed Kavango Resources draws fresh capital after Zimbabwe listing
Kavango Resources raises fresh capital after Zimbabwe listing, with Kansagra family boosting its Southern Africa expansion.
Canal+, backed by French billionaire, plans JSE listing after MultiChoice takeover
Canal+, led by billionaire Vincent Bolloré, plans JSE listing after taking full control of South Africa’s MultiChoice Group.
Somali businessman Abdiweli Hassan to invest $503 million in Kenya’s Tatu City
Somali businessman Abdiweli Hassan plans a $503 million mixed-use project at Kenya’s Tatu City, expanding his footprint from retail into urban development.
Nigerian energy mogul Austin Avuru’s Seplat stake tops $200 million
Seplat co-founder Austin Avuru’s stake surpasses $200 million as the energy firm’s shares surge on the Nigerian Exchange.
Anglo American, led by South Africa’s Duncan Wanblad, to resume coal mine sales in early 2026
Anglo American will resume selling its Australian coal mines after a halted $3.8 billion deal, while pursuing a $50 billion merger with Teck Resources.