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Equity Group CEO James Mwangi told Reuters the bank is targeting acquisitions in Angola, Zambia and Mozambique as it follows the Lobito Corridor trade route south.
Beninese billionaire Sébastien Ajavon built West Africa's largest frozen poultry empire before falling out with Patrice Talon and going into political exile in France.
Paul Kagame opened the Africa CEO Forum in Kigali by attacking minerals coercion and telling 2,800 business leaders Africa must stop waiting to be ripped off.
Appolinaire Compaoré, founder of Planor Afrique and one of Burkina Faso's most powerful businessmen, died on May 14 in Ouagadougou at 73.
Aliko Dangote's net worth has climbed to $33.2 billion in 2026, a gain of $3.21 billion year-to-date, driven by his refinery's rising output and Nigeria's shift to net fuel exporter.
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.
Patrice Motsepe's African Rainbow Minerals is buying a near-20% stake in Canadian copper explorer Surge Copper Corp through a CAD3.98 million private placement.
AXIAN Group CEO Hassanein Hiridjee has backed Hamilton Labs' USDh stablecoin, betting digital dollars can solve Africa's savings and payments problems.
Egypt's Sawiris brothers have built a $16.6 billion empire spanning fertilizers, telecom, luxury tourism and Premier League football across three continents.
Rostam Aziz just bought Nation Media Group from the Aga Khan. Here is every company the Tanzanian billionaire owns in 2026.
Robert Gumede built one of Africa's biggest black-owned IT company from scratch. Here is every business the South African tycoon owns in 2026.
Forbes 2026 has confirmed Beyonce and Dr. Dre as new billionaires. Here is every black billionaire alive today, ranked.
Forbes has released its 2026 Africa billionaires list. The continent's 23 members of the three-comma club added $20.3 billion collectively in a year.
Dangote Sugar slashed its losses by 73% in 2025 as revenue surged to N665.6 billion, signaling the worst of Nigeria's currency crisis may be easing.
Ora Developer chairman Naguib Sawiris says Egypt's real estate sector is shrinking unit sizes as inflation crushes buyer purchasing power nationwide.
Elon Musk says he may pay more than $500 billion in taxes over his lifetime, reviving debate over billionaire wealth and taxation.