Aliko Dangote’s $20 billion refinery deploys 4,000 CNG trucks in Nigeria
The CNG-powered fleet, imported through Lagos’ Apapa Port, will support the refinery’s fuel delivery program set to launch on August 15.
Billionaires Africa
French billionaire’s firm Canal+ hit as Ghana orders MultiChoice shutdown over rates
The regulator has given the company 30 days, until Sept. 8, to respond or risk losing its broadcasting license.
Thom Mpinganjira becomes Malawi’s richest as FDH Bank stake soars to $1.1 billion
Thom Mpinganjira’s FDH Bank stake reaches $1.12 billion, making him Malawi’s richest man as the bank’s value surges to $2 billion in 2024.
Billionaire Abdul Samad Rabiu’s BUA Foods becomes Nigeria’s most valuable company
BUA Foods tops Nigerian Exchange with $6.76 billion valuation; revenue grows 36%, net profit doubles in first half of 2025.
South African pharma tycoon Gus Attridge loses $12 million from Aspen stake
Gus Attridge’s Aspen Pharmacare stake drops over $12 million as shares slide 9.45%, pushing market value below $3 billion.
Bridgette Radebe, South Africa’s first Black mining tycoon, disputes $10 billion money laundering claim
Botswana’s High Court has cleared mining tycoon Bridgette Radebe of $10 billion laundering claims, ordering a government apology for false allegations.
Court backs FBNQuest Trustees in move to seize energy assets linked to Tope Shonubi
A Lagos court has cleared FBNQuest Trustees to appoint a receiver over Tope Shonubi’s KEPCO, opening the way to seize key power assets.
Nigerian billionaire Adebayo Ogunlesi’s net worth rises to $2.5 billion after $800 million gain
Adebayo Ogunlesi’s fortune rises to $2.5 billion in 2025 after an $800 million gain from BlackRock stake growth and major deals.
Nigerian billionaire TY Danjuma’s May & Baker to expand manufacturing with new facility
Nigerian billionaire TY Danjuma’s May & Baker boosts local drug production and herbal innovations with new facility.
South African tycoon Adrian Gore's Discovery stake slips under $600 million
Discovery co-founder Adrian Gore sees $21 million erased from his stake as JSE market pressures mount.
World’s first Black billionaire, Robert L. Johnson, leads trust to $691 million half-year revenue
RLJ Lodging Trust posts $691.2 million H1 revenue, with CEO Robert L. Johnson steering steady results despite margin and occupancy pressures.
Kanye West’s onetime estate listed for just under $17 million
Kanye West’s former Hidden Hills estate returns as a rebuilt 11,000-sq-ft ranch listed for just under $17 million.
Egyptian businessman Hani Berzi gains $31 million from Edita Foods shares
A strong rebound in Edita’s stock boosts Berzi’s wealth and underscores renewed investor confidence in Egypt’s snack food sector.
Egyptian billionaire Nassef Sawiris’ OCI to reward shareholders with $700 million payout
OCI, led by billionaire Nassef Sawiris, approves $700 million shareholder payout via capital repayment or dividend, backed by strong financial reserves.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, to develop $1.8 billion project in Cairo
The ambitious project, spanning over 2 million square meters, underscores Egypt’s growing momentum in large-scale real estate development amid rising urban demand.
Nigerian logistics tycoon Taiwo Afolabi’s SIFAX Group boosts Lagos port efficiency
SIFAX Group partners with Micura Services and expands trade links to the UK, India, and China to improve Lagos port operations and ease exports.