Africa’s richest man Aliko Dangote plans refinery expansion to 700,000 barrels a day
Dangote's refinery nears 700,000-barrel daily capacity with U.S. crude imports and RFCC unit upgrade at 85 percent efficiency.
Billionaires Africa
Kenyan businessman Peter Munga faces eviction from 75-acre property
Court orders Peter Munga to vacate 75-acre school land after Del Monte wins a long-standing lease dispute.
UK court dismisses murder suit against Egyptian billionaire Hisham Talaat Moustafa
UK court clears Egyptian billionaire Hisham Talaat Moustafa in civil suit linked to Suzanne Tamim’s 2008 killing.
South African retail tycoon Giovanni Ravazzotti’s Italtile stake drops $30 million
Italtile founder Giovanni Ravazzotti sees $30 million stake value drop as shares tumble nearly 7% in nine days.
Egypt’s Khamis family gains nearly $17 million from Oriental Weavers stake
Khamis family stake in Oriental Weavers jumps $16.75 million as shares rally on AI showroom and digital expansion plans.
Econet, led by Zimbabwe’s richest man, to pay $16 million to investors
Econet Wireless Zimbabwe, led by billionaire Strive Masiyiwa, announces $16.3 million dividend amid strong data and FinTech performance.
Tanzania’s first dollar billionaire, Rostam Aziz, proposes $100 million youth talent fund
Rostam Aziz calls for $100 million youth talent fund and education reforms as he expands Taifa Gas with a $1.9 billion facility in Kenya.
Moroccan billionaire Anas Sefrioui's stake in ADH rebounds above $1 billion
ADH stock rebound lifts Anas Sefrioui’s stake above $1 billion, signaling renewed confidence in Morocco’s real estate market.
Meet John Dabiri, the Nigerian-born genius with $3 million shares in Nvidia
Nigerian-American scientist John Dabiri holds $3 million in Nvidia stock and brings bioengineering insights to the AI chip giant’s board.
Kenyan banker James Mwangi confirms Equity Group’s first UAE branch coming by end of 2025
Equity Group targets UAE expansion by Q4 2025 as part of a broader push to deepen Africa–Middle East trade and investment ties.
Kenyan tycoon Narendra Raval faces tax blow as cement empire comes under fire
Auditor-General Nancy Gathungu has warned that granting tax waivers without a proper legal basis could open the floodgates to abuse.
South African pharma mogul Stephen Saad’s Aspen stake sinks under $360 million
Aspen Pharmacare CEO Stephen Saad loses $32 million in 13 days as stock slumps; his stake now worth under $360 million amid JSE sell-off.
Kenyan tycoon Peter Munga partners with Nairobi expressway developer
Kenyan tycoon Peter Munga teams up with U.S.-based Everstrong Capital in $3.62-billion toll road project, marking a new chapter in his business empire.
Zenith Bank stake held by Nigeria’s richest bank founder Jim Ovia nears $250 million
Jim Ovia’s Zenith Bank stake nears $250 million as investor confidence boosts shares 32% in under a month.
Femi Otedola’s quiet power move spurs $211 million block trade on NGX
Rare $211.7 million block trade on NGX signals changing control at First HoldCo as longtime shareholders quietly exit.
South African billionaire Johann Rupert’s Richemont posts $6.3 billion in Q1 sales
Richemont’s Q1 sales hit $6.3 billion, fueled by strong jewelry demand in Europe, the Americas, and the Middle East, offsetting weaker watch sales and flat Asia trends.