Malagasy businessman Hassanein Hiridjee joins Jumia board after $110 million shareholding
By extending his reach into e-commerce, he is positioning Axian to play a central role in shaping the next phase of Africa’s digital retail industry.
Latest
Africa now home to 25 billionaires, 122,500 millionaires, report says
Africa now counts 25 billionaires and 122,500 millionaires, signaling a new era of wealth creation across the continent.
Inside the private jets of Africa’s billionaires
From Dangote’s $70M Bombardier to Oppenheimer’s Global 6500, Africa’s billionaires fly in luxury jets that power business across continents.
Inside the rise of Morocco’s 35-year-old billionaire heir Moulay Mhamed Elalamy
Morocco’s 35-year-old billionaire heir is quietly reshaping Saham—driving banking expansion, credit growth, and billion-dollar deals once led by his father.
South Africa’s Saltzman family stake in Dis-Chem rebounds to nearly $500 million
The Saltzman family’s stake in Dis-Chem has rebounded to nearly $500 million as shares rally on the Johannesburg Stock Exchange (JSE).
Jannie Mouton offers $400 million to turn South Africa’s largest private school network into nonprofit
Jannie Mouton’s trust offers $400 million for Curro, paving its JSE exit, while steering South Africa’s largest private school network into nonprofit status.
Sim Tshabalala leads $1 billion Standard Bank pledge for women entrepreneurs in Africa
Standard Bank commits $1 billion to empower women entrepreneurs across Africa through the African Women Impact Fund.
South African executive Laurence Rapp-led Vukile Property Fund raises $28.4 million in bonds
Vukile Property Fund raises $28.4 million through bonds, cutting debt costs and boosting its retail portfolio in South Africa and Iberia.
Malawi gains second billionaire as Hitesh Anadkat’s stake in FMB tops $1 billion
Hitesh Anadkat becomes Malawi’s second billionaire as his FMB Capital stake surpasses $1 billion.
Burkina Faso’s richest banker Idrissa Nassa drives Coris Bank to $60 million H1 profit
Idrissa Nassa’s Coris Bank International posts a $60M profit in H1 2025, powered by strong deposits and rising banking income despite higher risk costs.
Egypt’s richest family bags $15.1M dividend as Orascom posts $1.96B H1 revenue
Egypt’s Sawiris family, the country’s wealthiest dynasty, secured a $15.1M dividend from Orascom’s H1 results as revenue reached $1.96B.
Ghanaian real estate developer Eric Ebo Acquah wins $1 million in loan case
Blue Rose founder Eric Ebo Acquah wins $1 million after court finds Shelter Afrique breached $5.2 million housing loan.
Nigerian billionaire Abdul Samad Rabiu sees $400 million decline in net worth
Abdul Samad Rabiu’s net worth drops $400 million following a decline in BUA Cement shares.
Egyptian tycoon Ahmed El-Sewedy loses $65 million on Elsewedy Electric stake
Ahmed El-Sewedy loses $65 million as Elsewedy Electric shares drop, reflecting market caution.
South African businessman Des de Beer to receive $5.2 million from Lighthouse
Des de Beer will receive $5.2 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.
Sasol, led by Simon Baloyi, works to protect $80 million in chemical exports from U.S. tariffs
Sasol faces $80 million U.S. tariff impact but posts higher profits, cuts impairments, and plans strategic growth under Simon Baloyi.