Senegalese billionaire oil heir Moussa Diao leads $1 billion buyout of African fuel giant Oryx
Senegalese executive Moussa Diao has led a $1 billion management buyout of Oryx Energies, beating a rival bid from tycoon Simon Tiemtoré.
African billionaire news
Egyptian billionaire Naguib Sawiris says Palestinians gained nothing from October 7
Naguib Sawiris called the October 7 attack a horrible act of terrorism that brought Palestinians only destruction, while warning of an expansionist Israeli government.
Morocco's palace is quietly planning for life after billionaire Othman Benjelloun at Bank of Africa
Othman Benjelloun built Morocco's Bank of Africa into a 32-country pan-African giant. At 93, the question of who leads it next is no longer avoidable.
Mr Eazi's Choplife Gaming wins Mali betting licence and takes betPawa to its 10th African market
Choplife Gaming, chaired by Nigerian musician Mr Eazi, secured PMU Mali approval to launch betPawa in Mali, taking its licensed African footprint to 10 markets.
Egyptian billionaire Naguib Sawiris and Tarak Ben Ammar sell their loss-making Italian DTT multiplex for €2.5 million after bleeding €29 million in 2 years
Prima TV, co-owned by Naguib Sawiris and Tarak Ben Ammar, has sold its Italian digital terrestrial TV multiplex for €2.5 million after losing €29.5 million over 2 consecutive years.
Residents of Jamestown, the old community hemmed in by Stellenbosch's billionaire estates, march against a mayor who didn't show up to collect their petition
Residents of Jamestown, a historic community inside South Africa's wealthiest municipality, marched on May 1 against gentrification and municipal neglect as the mayor failed to show up for their petition.
South African billionaire Koos Bekker loses $500 million as Naspers and Prosus slide 24% this year
Koos Bekker has lost nearly $500 million in 2026 as Naspers and Prosus shares fell more than 24%, erasing a January peak.
Here is everything you need to know about Nathan Kirsh, Africa's new 2nd richest man who built a $17 billion fortune by selling groceries to restaurant owners nobody else wanted to serve
Nathan Kirsh has become Africa's second richest person at $17.1 billion. Here is everything you need to know about the 94-year-old billionaire from Eswatini.
Nigerian billionaire Abdul Samad Rabiu drops to 4th on Africa rich list after Nathan Kirsh deal
Abdulsamad Rabiu has fallen to fourth among Africa’s richest people after Nathan Kirsh’s multibillion-dollar Sysco deal sharply lifted his fortune.
GB Agboola's Flutterwave secures Nigerian microfinance banking licence after 10 years as a payments company
Flutterwave has secured a Nigerian microfinance banking licence from the Central Bank of Nigeria, allowing it to hold deposits, offer accounts and lend directly for the first time in its 10-year history.
Billionaire Abdul Samad Rabiu reinstates 400 sacked BUA Cement drivers and pays their three months' salary arrears
BUA Cement has reinstated 400 sacked truck drivers and agreed to pay their January to March salary arrears after an Edo monarch brokered a settlement with Abdul Samad Rabiu.
Strive Masiyiwa's Econet InfraCo lists on Zimbabwe's VFEX at $1 billion in the largest initial listing in the country's capital markets history
Strive Masiyiwa's Econet InfraCo has listed on Zimbabwe's Victoria Falls Stock Exchange at $1 billion, the largest initial listing in the country's capital markets history.
Johann Rupert's Remgro to take full control of Mediclinic Southern Africa in $950 million deal
Johann Rupert's Remgro is taking full control of Mediclinic Southern Africa in a $950 million deal as its partnership with MSC splits along home market lines.
Datatec expects full year gross profit to rise 10% to $998 million as Westcon and Logicalis divisions deliver strong growth
Datatec expects full year gross profit to rise about 10% to $998 million after strong demand across its Westcon and Logicalis divisions in the second half.
Wale Tinubu's Oando PLC signs production sharing contract for Angola's Block KON-13
Oando PLC has signed a production sharing contract for Angola's Block KON-13, marking the Nigerian energy group's first move into the Angolan upstream oil market.
New South African fintech millionaires minted in $94-million Nedbank-iKhokha buy
iKhokha’s trio of founders stand to pocket millions as Nedbank snaps up the decade-old fintech in a $94 million deal.