Angolan oil tycoon Joaquim David’s Etu Energias kicks off drilling drive on flagship Congo Basin block
Etu Energias plans to drill at least three development wells, probe one exploration location and carry out five work overs in existing wells.
African Billionaires
10 Black Multimillionaires Who Built Tech Unicorns
From Lagos to London, Atlanta to Silicon Valley, meet 10 black entrepreneurs who have founded, built and scaled tech companies to billion-dollar valuations.
Sudan’s richest family, the Elnefeidis, seeks $17 million from the IFC to import wheat
Sudan's richest family, the Elnefeidis, is seeking a $19 million facility from the International Finance Corporation to support wheat imports for its Cameroon business.
Zak Calisto joins African billionaire ranks after Karooooo stake tops $1 billion
His controlling stake in Karooooo has surpassed the $1 billion mark, a milestone first reported by Billionaires.Africa.
Rupert joins Dangote, Ogunlesi among African billionaires visiting Washington
Johann Rupert, South Africa’s richest man and Richemont chairman, arrived in Washington during tense talks between Trump and President Ramaphosa.
7 African billionaires pouring millions into the future of sports
Africa’s richest are reshaping sports, from rugby and football to basketball, using wealth to drive youth empowerment, global expansion and local impact.
Top 15 richest self-made African billionaires
Africa’s self-made billionaires, rising from humble roots, are reshaping economies and pioneering industries from telecoms to energy and manufacturing.
Meet the 22 African billionaires of 2025: Nigeria claims four, South Africa leads with seven
This reflects the growing private wealth in these countries as businesses scale up and stock markets rally.
Forbes releases 2025 African billionaires list, Elumelu, Danjuma miss out
But while two new faces joined the exclusive club, two notable figures, Nigerian business tycoons Tony Elumelu and Theophilus (TY) Danjuma, were conspicuously absent.
10 lessons from African billionaires on achieving business growth
Billionaires.Africa shares 10 key lessons from African billionaires, practical insights to help entrepreneurs overcome challenges, seize opportunities, and build lasting businesses.
How Africa’s billionaires lost billions: 5 costly investment blunders
Even billionaires make costly mistakes—overleveraging, overexposure, disruption, misjudgment, and poor due diligence can erase fortunes in months.
7 banks backed by African billionaires
With deep pockets and a sharp eye for opportunity, billionaire-backed banks are making a mark in corporate finance, wealth management, and financial inclusion.
Burkina Faso’s banking mogul Idrissa Nassa’s Coris Bank Togo hits $845 million in assets
The steady growth underscores Coris Bank International’s commitment to expanding its West African footprint under Idrissa Nassa’s leadership.
Egyptian billionaire Hisham Talaat Moustafa leads TMG to record $843.3 million revenue in 2024
The company’s growth is attributed to the continued success of its real estate ventures and the booming hospitality sector.
South African executive Simon Baloyi-led Sasol posts $6.7 billion in revenue in H1 2024
The decline in revenue was driven by a combination of weaker oil prices, a 5 percent drop in sales volumes, and softer market demand.
Africa’s richest man Aliko Dangote is $213 million richer this year
The increase is tied to his 86 percent stake in Dangote Cement Plc, Africa’s largest cement producer, which has gained nearly $200 million in value this year.