Access Holdings, led by Aigboje Aig-Imoukhuede, backs Zambia with $100 million pledge
Access Holdings pledges $100 million to boost Zambia’s energy and agriculture, strengthening power supply and food security.
Billionaires Africa
South African billionaire Patrice Motsepe’s ARM to buy $3.3 million Canadian copper stake
ARM boosts copper exposure with a $3.3 million Surge Copper stake, giving Patrice Motsepe’s group nearly 20 percent ownership.
Gambian tech multimillionaire Muhammed Jah donates 500-seater pavilion to Banjul stadium
Muhammed Jah’s 500-seat pavilion at KG5 mini stadium ends years of rain-soaked match days for Banjul’s most devoted football fans.
Zimbabwean executive, Ralph Mupita’s MTN shares now valued at $11.2 million
MTN CEO Ralph Mupita’s stake rises to $11.2 million in 2025, reflecting strong company growth and his leadership impact across Africa.
South Africa’s richest man Johann Rupert loses $1.8 billion in recent weeks
Johann Rupert’s net worth falls $1.8 billion as Richemont shares drop, despite strong luxury jewelry sales and $8.6 billion cash reserves.
Triumph Over Legal Tyranny: Billionaire Benedict Peters’ £50m UK Property Battle Ends in Victory
Billionaire Benedict Peters ends decade-long UK property dispute, reclaiming £50 million in London real estate and asserting faith and principle.
Moroccan billionaire Anas Sefrioui gains $57 million from Casablanca-based developer
ADH stock rebound lifts Anas Sefrioui’s stake above $1 billion, signaling renewed confidence in Morocco’s real estate market.
Cameroonian banker Alain Nkontchou to acquire Nedbank’s $100 million Ecobank stake
The deal, to be executed through Nkontchou’s private investment firm, Bosquet Investments, will mark the end of Nedbank’s 17-year partnership with Ecobank.
South African banker Sim Tshabalala to end 14-year run as Standard Bank CEO in 2027
The announcement comes even as the Johannesburg-based bank raised its executive retirement age from 60 to 63 in line with global corporate trends.
Nigerian oil mogul Wale Tinubu's Oando approves $1.5 billion funding plan
The funding plan allows Oando to issue bonds, certificates, and other securities in phases, subject to regulatory clearance.
Oriental Weavers, controlled by Egypt’s Khamis family, reports $260 million in first-half revenue
Oriental Weavers’ half-year revenue rose 17% on strong exports and higher prices, though profit slid 24% on rising costs and soft domestic demand.
Alex Karp, richest Black person in U.S., is now worth $16 billion after $8.9 billion gain in 2025
Alex Karp’s fortune jumps to $16 billion, rising $8.9 billion on Palantir’s AI-powered software demand.
Noluthando Gosa-linked ArcelorMittal SA faces crucial decision on South African mill
The Department of Trade, Industry, and Competition (DTIC) and the state-owned Industrial Development Corp. (IDC) are exploring options to keep the plant operational.
Two new billionaires emerge from Africa’s stock markets in August 2025
Malawi’s Thom Mpinganjira and Egypt’s Hisham Talaat Moustafa join Africa’s billionaire list after major stock gains in August.
South African billionaire Christo Wiese-backed Pepkor wins approval for $108 million purchase
Pepkor has received approval to acquire five Retailability brands in a $108.1 million deal, expanding its presence in the adultwear market.
South African businessman Christopher Seabrooke’s Sabvest stake falls below $100 million
Christopher Seabrooke’s Sabvest stake slips to $84 million as shares fall 14.55 percent since mid-June.