Aliko Dangote's refinery lifts Nigeria's petrol exports sixfold to $750 million
Nigeria earned $750 million from petrol exports in the first half of 2026, a sixfold rise that analysts credit to Dangote's refinery and the Iran war.
Billionaire news
Nigerian billionaire Sayyu Dantata could lose $35 million of aircraft over a $1.75 million bill
Nigeria Customs has asked a Lagos court to permanently forfeit three aircraft linked to Sayyu Dantata over N2.31 billion in unpaid import duty.
Indian billionaire Anil Agarwal is building what would be Africa's largest copper smelter
Konkola Copper Mines, 79.4% owned by Anil Agarwal's Vedanta, says a new smelter will add 70,000 tonnes a year and be the largest in Africa.
Nigerian oil tycoon Tunde Afolabi is building a gas field to feed Nigeria LNG's Train 7
Amni, founded by Tunde Afolabi, and TotalEnergies have approved the Ima gas field, which will supply a third of Nigeria LNG's Train 7 feedstock.
Zimbabwean billionaire Strive Masiyiwa's InfraCo has lost a third of its value since March
Econet InfraCo has fallen from 33 cents to 22.79 cents since listing in March, wiping about $309 million off a company valued at $1 billion.
South African billionaire Patrice Motsepe's Harmony Gold launches $500 million bond sale
Harmony Gold is selling $500 million of convertible bonds due 2031 with a coupon of 1.5% to 2%, convertible into about 2.9% of its shares.
Nigerian billionaire Aliko Dangote plans $3.5 billion pipeline to supply fuel across Southern Africa
Aliko Dangote unveiled plans for a $3.5-billion, 2,650-kilometer pipeline across Southern Africa during an interview with Bloomberg TV anchor Francine Lacqua.
Billionaire Patrice Motsepe is taking 78% of Alexander Forbes without paying for most of it
Alexander Forbes is taking on a R2.1 billion loan to buy out Prudential, a transaction that lifts Patrice Motsepe's stake from 49.88% to 77.94%.
Nigerian billionaire Femi Otedola gains $138 million on Friday as FirstHoldCo shares hit record high
First HoldCo rose 10% to N162.80 on Friday morning, a record, adding about N182.6 billion to Femi Otedola's stake in a single session.
Nigerian billionaire Rasheed Sarumi's Presco is spending $400 million to grow palm oil in four states
Rasheed Sarumi's Presco has pledged $200 million each to Ondo and Abia, after spending $171.6 million on plantations in Ghana and Nigeria.
Zimbabwean tycoon Ken Sharpe breaks ground on Chivhu EcoCity
Ken Sharpe's WestProp has broken ground on Chivhu EcoCity, a 5,000-hectare development planned for 20,000 homes and up to 80,000 residents.
Billionaire Mo Dewji's foundation has now performed 13,900 cataract surgeries in Tanzania
The Mo Dewji Foundation has performed 13,900 cataract surgeries in Tanzania, including 4,238 in the first half of 2026 across 12 mobile camps.
South African tycoon Japie van Niekerk buys a mall nobody else wanted in the Kalahari
New Africa Developments has completed its purchase of Kalahari Mall in Upington, its first asset in the Northern Cape, after Tribunal approval.
How billionaire Mofid Karameh built the Mikano empire in Nigeria making generators, cars and syringes
Mofid Karameh founded Mikano in 1993 servicing generators. It now has six divisions making cars, boats, syringes, brake pads and wafers.
South African billionaire Patrice Motsepe's Harmony Gold has lost eight workers this year
A Harmony Gold employee died at Mponeng on Sept. 14 after a seismic event, the eighth on-duty death across the group this year.
Egypt's billionaire Elsewedy family opens a Shanghai buying office for its $6 billion group
Elsewedy Electric (Shanghai) began operating on Sept. 15 as the Egyptian group's procurement centre for China, six months after it registered.