15 companies owned by Nigerian energy tycoon ABC Orjiako
ABC Orjiako built a vast empire spanning oil, logistics, and healthcare, despite legal battles tied to his exit from Seplat Energy.
Billionaires Africa
Baloobhai Patel acquires $1.2 million more shares in Absa Kenya
Baloobhai Patel ups Absa Kenya stake by $1.2 million, showing confidence in lender's growth as bank posts strong profit despite tough macro conditions.
Gautam Adani’s port arm eyes South Africa amid expansion push
Adani Ports is evaluating a push into South Africa as it seeks to expand across African trade routes after turbulence slowed its international momentum.
Rajiv Ruparelia, only son of Uganda’s richest man, dies in car crash
Rajiv was driving a high-performance Nissan GTR along the Kajjansi – Munyonyo Road near the Busabala Flyover junction when the crash occurred.
Adaora Umeoji leads Zenith Bank to $194.4 million profit in Q1 2025
Adaora Umeoji led Zenith Bank to a $194 million first-quarter profit in 2025, reinforcing its position as Nigeria’s most profitable lender.
Aliko Dangote reaffirms $30 billion revenue target amid U.S. tariff
Aliko Dangote reaffirms his $30 billion revenue target by 2026, undeterred by shifting U.S. tariffs and global trade tensions under Donald Trump.
Moulay Hafid Elalamy shifts focus to banking expansion, exits Paris real estate
Moulay Hafid Elalamy is exiting Paris real estate to focus on Saham Group’s banking expansion, including acquiring Société Générale’s Moroccan operations.
Christopher Seabrooke gains $11 million from Sabvest stake
This comes after a tough period earlier in the year when Seabrooke saw his wealth dip by $6.35 million due to a decline in the company’s stock price.
Abdul Samad Rabiu signs deal to boost Nigeria's food security
Abdul Samad Rabiu's BUA Group has partnered with Turkish firm Agrimac Makina Limited to install wheat handling equipment with a 2 million metric tonne annual capacity.
Eaton posts $6.4 billion in Q1 sales as Craig Arnold plans retirement
Eaton posts record $6.4 billion Q1 2025 sales as CEO Craig Arnold prepares to retire, driven by 9% organic growth in core segments despite global headwinds.
Fidson stake held by Nigerian tycoon Fidelis Ayebae tops $10 million
Since the start of the year, his stake has risen by N4.94 billion ($3.08 million), thanks to a steady rally in Fidson’s share price.
South Africa’s Giovanni Ravazzotti sees Italtile stake slip below $400 million
This fresh setback extends a rough stretch for Ravazzotti, whose fortune had already taken a heavy blow earlier in the year.
Centum, backed by Kirubi family, leads East Africa’s urban shift
Heading into its 2026 fiscal year, the company has firmly established itself as a major force in shaping the future of cities in Kenya and Uganda.
Aig-Imoukhuede leads Access Holdings to $113 million profit in Q1 2025
The group's diverse structure has found fresh momentum under the leadership of Aig-Imoukhuede, who returned to the helm after the passing of Herbert Wigwe.
Aliko Dangote's sugar empire posts $133 million revenue in Q1 2025
The strong performance expands its lead as Nigeria’s top food conglomerate.
Kendrick Lamar makes history: $9 million from one night on stage
The Grammy- and Pulitzer-winning artist set the record at the Grand National Tour’s Minneapolis opener, co-headlining with SZA.