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Aradel Holdings, in which five African billionaires own about a quarter, raised nine-month revenue sevenfold to ₦3.95 trillion after absorbing Shell's former onshore fields.
Aliko Dangote's fortune has jumped to $55.4 billion, lifting the combined wealth of Africa's 10 richest people to $142.5 billion in November 2026.
PSG Financial Services, part of the empire built by billionaire Jannie Mouton, grew assets under management 15% to R594.1 billion as earnings rose 5%.
Rupert Beleggings, which holds Johann Rupert's controlling B shares in Remgro, is due R379.6 million when the investment group pays final and special dividends.
Tanzania's High Court has struck out Pula Group's $195 million damages claim against Patrice Motsepe and his companies, two months after a first strike-out.
Morocco's incoming prime minister has formed a four-party coalition without billionaire Aziz Akhannouch's RNI, which led the government for the past five years.
Egyptian telecom billionaire Naguib Sawiris apologized for his slow response to the deadly Riyadh airport attack and urged Arab states to confront Iran.
Patrice Motsepe's leadership of African football is under strain after his reversal on the Africa Cup of Nations schedule, the Guardian reported.
Assore has sued African Rainbow Minerals over who runs Assmang, the iron ore and manganese miner they own equally. ARM rejects the claims.
Five African billionaires, including Morocco's King Mohammed VI and Femi Otedola, hold stakes worth about $14 billion in four of Africa's biggest banks.
Aliko Dangote has extended his $1.6 billion refinery IPO by two weeks to let more Africans buy shares, saying demand already far exceeds the offer.
Morocco's king named Fatima Ezzahra El Mansouri prime minister, ending the five-year premiership of billionaire fuel tycoon Aziz Akhannouch after his party lost.
Billionaire Aliko Dangote says his refinery could pursue a U.S. secondary listing in about three to four years after establishing a public trading record in Nigeria.
Billionaire Patrice Motsepe’s phosphate mine is under pressure as Kropz restructures its Elandsfontein operation after $160 million of investment.
Samuel Dossou-Aworet's stakes in Seplat and Aradel are worth $1.43 billion, built by a Benin-born engineer who once ran Gabon's oil sector.
Forbes and Bloomberg subtract debt, discount illiquid stakes and refuse to count assets they cannot verify. A billion-dollar holding is not enough.