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Aliko Dangote has raised his Africa investment target to $60 billion by 2030, broken ground on a $2.5 billion fuel hub in Namibia and heard Afreximbank say it would lend him $10 billion. A deep-dive on the projects, the money behind them and the risks of building at this scale.
Africa's ten richest are worth $142.5 billion, up $21.2 billion since September, and Aliko Dangote accounts for 39% of it. The other nine together lost ground. A name-by-name deep-dive on what drives each fortune, why the estimates differ, and what could move the list next.
A cement plant in Kitui, a sugar factory in Nandi, a quarter of Kenya Pipeline sold to Dangote and two cement companies bought by Amsons. Kenya is drawing large industrial investment, helped by import levies and the leasing of state mills. Who is investing, and why now.
Femi Otedola is reportedly buying up to 5% of Dangote Cement, about half the shares not held by Aliko Dangote. The stock hit its daily limit on Friday and is up 82% this year, and a London listing may follow. Why the free float matters, and what investors should watch.
Aliko Dangote has set aside $50 billion for investment to 2030, bought a quarter of Kenya Pipeline and is building fuel routes from Djibouti to Namibia. His three daughters now hold senior roles. As the refinery IPO closes on Tuesday, a deep-dive on the plan and who will run it.
Aziz Akhannouch has left office after five years as Morocco's billionaire prime minister, and his party is moving into opposition. Meanwhile Morocco's biggest fortunes are expanding into West Africa, Spain and World Cup projects. What the change means for Akwa, the banks and the builders.
Airtel Money opened below its offer price in London. MNT-Halan's institutional book was covered 11 times. Dangote extended his IPO, and Firmus pulled a $30 billion listing in Sydney. The first results from Africa's listing window, and what they tell investors about the rest.
A refinery in Lagos, mobile money in London, a fintech in Cairo, a supermarket chain in Nairobi and Africa's biggest phone seller in Hong Kong: five African-facing IPOs in one month. Who is selling, who is buying, and why day ninety matters more than day one.
Société Générale is leaving Ghana and Attijariwafa is arriving. One by one, French banks are selling their African subsidiaries to African buyers, and the most ambitious buyer is Moroccan and royal-backed. What the shift means for who finances West Africa.
Cornelis Vink founded Chivita, sold it to Coca-Cola, and watched UAC buy it back. Now his TGI Group is buying UAC's 43% of DP World Logistics. The logic is the oldest one in African business: own the road your own goods travel on. Inside Nigeria's least-discussed large fortune.
In December 2024 Chappal Energies paid up to $1.2 billion for Equinor's entire Nigerian business. Less than two years later its founder is in custody, a minority shareholder holds 86 per cent after a $100 million rescue, and the lesson for every Nigerian independent is about financing, not ambition.
Emeka Okwuosa's Oilserv helped build the AKK pipeline, Nigeria's gas backbone. Two months later it signed to develop two blocks in Gabon — the moment a contractor becomes a developer. Inside Nigeria's indigenous pipeline champion and its move up the value chain, and across borders.
Mofid Karameh arrived in Nigeria three decades ago carrying a toolbox and started repairing generators. Today his Mikano assembles pickup trucks, boats, surgical syringes, brake pads, face masks and chocolate wafers.
Just 17 investors hold $37.7 billion of Nigerian-listed shares — and two men, Abdulsamad Rabiu and Aliko Dangote, own three-quarters of it. Inside the NGX's $100 Million Club, the concentration behind it, and why the biggest paper fortunes are also the most fragile.
Yerim Sow could have inherited one of West Africa's biggest construction groups. Instead he built his own — 52 businesses across 16 countries in telecoms, banking, hotels and property. This month he's listing his Ivorian bank on the regional exchange, without loosening his grip.
Joseph Siaw Agyepong turned his mother's printing shop into a 76-company, 29-country empire on one idea: governments always pay to have their rubbish removed. But in Nairobi and Mombasa, two of his biggest contracts are now being challenged in court.