Dangote brings MTN Group CEO Ralph Mupita onto fertiliser board as IPO plans gather pace in Nigeria
Dangote Industries tapped MTN Group CEO Ralph Mupita for its fertiliser board as it moves toward expansion and a planned NGX listing.
African Billionaires
Moroccan multimillionaire Chakib Alj looks to acquire struggling flour miller Forafric
Cap Holding boss Chakib Alj is in talks to seize control of debt-laden Forafric, raising prospects of a shake-up in Moroccan milling.
7 African billionaires who invested $100 million or more in Africa over the last two years
Africa’s richest investors are back in build mode, writing nine figure cheques for refineries, cement, power, AI infrastructure and gold.
Nigerian businessman Abdulaziz Yari’s Ma'am Energy set for $12 million Geregu Power dividend payout
Geregu Power’s N9 dividend hands Ma'am Energy a N17.325 billion payout, boosting Abdulaziz Yari’s profile in Nigeria’s power sector.
7 African Billionaires Betting Big on Cement
From Lagos to Casablanca, homegrown moguls turned limestone into fortunes, reshaping Africa’s cement map and building booms.
King Mohammed VI lists late mother’s Paris homes for $35 million
Morocco’s royal family has listed three Paris area properties tied to the late Princess Lalla Latifa, drawing fresh attention to royal wealth.
TotalEnergies and ABC Orjiako’s Zebbra reach understanding on Nigeria’s OPL 248 as Chevron seeks 40% stake
TotalEnergies and ABC Orjiako’s Zebbra say they reached an understanding over Nigeria’s OPL 248 as Chevron pursues a 40% offshore stake.
Burna Boy’s “I Told Them…” tour tops $30.5 million, tracking site says
Burna Boy’s “I Told Them…” tour grossed $30.46 million from 302,801 tickets, Touring Data reports, a new high point for African touring.
Inside the rise and fall of Mvelaphanda, the empire South African tycoon Tokyo Sexwale built
Tokyo Sexwale turned struggle credentials into corporate access, building Mvelaphanda into a BEE powerhouse before debt, markets and unbundling erased the brand.
Kenyan billionaires Abu Joho, Mohammed Jaffer pulled into defamation case over port rivalry
A defamation trial over a WhatsApp letter accusing Abu Joho of drug trafficking has raised allegations about Mohammed Jaffer, still unproven.
African unicorn Flutterwave eyes 2026 profitability, leans into stablecoins
Flutterwave CEO GB Agboola says the fintech is nearing profitability, betting on stablecoins and trade corridors after raising at least $475 million.
Charlamagne Tha God renews iHeartMedia pact as Black Effect expands; deal reportedly worth $200 million
Charlamagne Tha God renewed his iHeartMedia deal, staying on “The Breakfast Club” while expanding the Black Effect podcast network and its slate of Black-led shows.
Brandt collapses in France, costing 700 jobs as Algeria’s richest man Issad Rebrab takes a hit
A French court ordered Brandt into liquidation, ending Cevital’s European bet and costing about 700 jobs despite a worker-led rescue plan.
Egyptian billionaire Naguib Sawiris wants to run 3 airports as government opens operations to private bids
Naguib Sawiris says he wants to run Hurghada, Luxor and Sohag airports as Egypt courts private operators to upgrade tourism gateways.
Africa’s richest people are warming up to Instagram - here’s why
Africa’s richest used to feel like rumors. Now they post - workouts, sermons, boardroom snaps - making billionaires oddly familiar, one scroll at a time.
7 African multi-millionaires who built fortunes bottling Coca-Cola
Coca-Cola’s dominance in Africa rests on billionaire bottlers who drive its reach and growth, shaping one of the continent’s most valuable consumer networks.