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Yérim Sow's Bridge Bank moves into Guinea Conakry, Ralph Mupita takes home a record R99 million as MTN credits Nigeria for its strongest year in decades, and Ibrahim Mahama pays the first $2 million of his $5 million Black Stars pledge.
Arthur Eze loses another oil block as South Sudan strips Oranto of Block B3, Koos Bekker loses $500 million as Naspers and Prosus slide 24%, Dangote Cement posts $233 million in Q1 profit, and BUA Foods grows Q1 profit to $103 million even as revenue falls 11%.
A Kenyan court freezes David Langat's land over Sh87 million in unpaid vehicle loans, MTN Group acquires 60% stakes in MoMo and Y'ello Digital for N95 billion, and Dangote pledges 95,000 jobs as the refinery scales toward 1.4 million barrels a day.
Dangote crosses $30 billion on Forbes for the first time, Hiridjee's Axian buys five Letshego banking units across West and East Africa, Motsepe's ARM signs a nickel deal with Boliden to restart Nkomati, and Dangote eyes Ethiopia's new stock exchange for the refinery IPO.
Issad Rebrab's $400 million Italian steelworks gamble collapsed and took his Brazil iron ore dream down with it, and Gideon Muriuki's Co-op Bank restructures into a holding company as it positions for regional expansion across East Africa.
Michiel Le Roux's Capitec crosses $1 billion in profit for the first time as its client base hits 26 million, and King Mswati III marks 40 years on the eSwatini throne while the sovereign wealth fund meant to benefit the Swazi people operates as his personal family office.
Nassef Sawiris shuts his London family office and completes a UK exit triggered by the end of the non-dom tax status, Tokyo Sexwale enters the ANC succession race, the EFCC arrests Tunde Ayeni over N36.5 billion in alleged diversions, and UBA's profit drops 47% as FX trading gains evaporate.
Dangote offers to build East Africa a refinery matching his Lagos plant's scale, Mansour's Palm Hills launches a city-scale luxury project on Egypt's coast, Benjelloun opens Morocco's tallest tower after eight years, and Wiese's stake in Blue Ribbon owner is diluted after a R6 billion food deal.
Dangote says every African should own a share in his refinery IPO, Otedola's FirstHoldCo surges 32 percent to lead Nigeria's bank stocks, and Benedict Peters deploys three aircraft to map Madagascar's minerals for free.
Masiyiwa's Liquid retires a $620 million bond and raises $300 million fresh, Tosyali launches a $2.5 billion Algeria steel push, Samih Sawiris deploys $235 million into Morocco tourism with Emirati partners, and Dangote Sugar shareholders approve a N500 billion rights issue.
Dangote's refinery fights a crude squeeze as Nigeria ships 55.39 million barrels, a court lifts the EFCC shield on Nestoil Group's $1 billion debt dispute, and Mike Adenuga turns 73 — plus our new Investor Memo maps how the Iran war is repricing every African upstream asset in real time.
Nassef Sawiris quietly lifts his Orascom Construction stake to 43.39 percent, Hassan Allam acquires Metito's engineering arm to build an Africa-wide water infrastructure platform, and GCB Bank's dividend hands Daniel Ofori a $1.66 million payout.
Rupert's Richemont bails out Delvaux with a €100.6 million debt-to-equity conversion, Hiridjee's AXIAN Telecom crosses $1.69 billion in revenue, Gary Lubner eyes a $1 billion Belron IPO windfall, and a Kenyan Senate probe names Mohamed Jaffer in an alleged fuel crisis scheme.
Arthur Eze's Oranto sells 75 percent of São Tomé Block 3 to Petrobras, Glencore and Motsepe's ARM overturn a SARS diesel refund ruling, and Dangote commits N500 billion to close Nigeria's 1.2 million-tonne sugar import gap.
Forbes counts 27 Black billionaires worth $121 billion combined and we profile the five youngest.
Dangote makes TIME100 with Elumelu writing the tribute.