Turkish billionaire Fuat Tosyali rolls out $2.5 billion Algeria steel push
Turkish magnate Fuat Tosyali has launched a $2.5 billion program to double Algeria output and push Tosyali Holding into the world's top 20 steelmakers.
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Àrgentil secures blended finance backing to launch $75 million SME fund in Nigeria and Ghana
Àrgentil Capital Management has been selected for a blended finance accelerator program, securing support to launch a $75 million SME-focused fund across Nigeria and Ghana.
Egyptian billionaire Samih Sawiris teams up with Emirati investors to deploy $235 million into a coastal tourism megaproject in Morocco's Essaouira
Egyptian billionaire Samih Sawiris has joined UAE-based Al Nowais Investments and Egypt's Sunrise Group to deploy $235 million into a coastal tourism project in Essaouira, Morocco.
Ghanaian tycoon Ibrahim Mahama pledges to build Astroturfs across Damang after taking over the mine
Ibrahim Mahama, CEO of Engineers and Planners, has pledged to build Astroturfs across Damang communities following his company's takeover of the Damang Mine.
Deep-Dive Report: The Capital Markets Moment — How Nigeria’s FTSE Upgrade, the Dangote IPO, and Seplat’s N10,000 Are Reshaping African Equity Markets
The FTSE upgrade, the Dangote IPO, Seplat's N10,000 milestone, and a $4.61 trillion banking recapitalization all landed in the same month — we map how the infrastructure being built now will outlast any single listing.
Aliko Dangote's sugar company just got shareholders' backing for one of Nigeria's largest ever rights issues
Shareholders of Aliko Dangote's sugar company have approved a N500 billion rights issue, one of the largest in Nigerian corporate history, to fund backward integration and expansion.
Kanye West's European tour is falling apart as four countries reject him over antisemitism
Kanye West's European tour has unraveled across four countries, with the UK, France, Poland and Switzerland all rejecting the rapper over his history of antisemitic remarks.
African Wealth Briefing — Tues., April 21, 2026
Dangote's refinery fights a crude squeeze as Nigeria ships 55.39 million barrels, a court lifts the EFCC shield on Nestoil Group's $1 billion debt dispute, and Mike Adenuga turns 73 — plus our new Investor Memo maps how the Iran war is repricing every African upstream asset in real time.
Ernest Obiejesi loses again as Court lifts EFCC shield on firms linked to Nestoil Group, clearing the way for a probe into a $1 billion debt dispute
A Nigerian court has vacated injunctions protecting Amaranta Oil and Jonescreek Hydrocarbon from EFCC scrutiny in a $1 billion Nestoil Group debt dispute.
Dave Chappelle spent $15 million saving a 19th century Ohio schoolhouse and turned it into a home for his town's public radio station
Dave Chappelle spent $15 million buying and renovating an 1870s Ohio schoolhouse to save his hometown's public radio station from relocating.
Meet Godfrey Kirumira: the boy who sold cigarettes at 12 and built one of Uganda's biggest business empires
Godfrey Kirumira started trading cigarettes at 12 on the streets of Kampala. Today he chairs the club of Uganda's richest tycoons.
Elon Musk faces Paris interview today as US refuses to help French probe of X
French prosecutors summoned Elon Musk for a Paris interview on April 20, pressing their criminal probe into X's handling of illegal content.
Africa's richest man is pushing his $20 billion refinery into high-margin chemicals, betting on polypropylene and detergent ingredients
Aliko Dangote is expanding his Lagos refinery into high-margin chemicals including polypropylene, fertiliser and detergent ingredients as he targets 1.4 million barrels per day.
Johann Rupert's Richemont frees up €4.9 billion in capital and takeover speculation is now swirling across the luxury industry
Johann Rupert's Richemont has freed up €4.9 billion in capital, sending the luxury world into speculation about a potential blockbuster acquisition.
South African tycoon Robert Gumede wins reprieve for Tongaat Hulett as Durban court delays liquidation bid
Robert Gumede's Vision Sugar Group won court breathing room on April 17 to finalize a rescue plan for Tongaat Hulett, staving off liquidation.
Aliko Dangote's refinery fights crude squeeze as Nigeria ships out 55.39 million barrels
Nigeria exported 55.39 million barrels of crude in January and February while Aliko Dangote's 650,000-barrel-a-day refinery scrambled to close a feedstock shortfall.