African Wealth Briefing — Wed., July 14 & 15, 2026
A low-ball buyout he fought collapsed — and Ngugi Kiuna's stake soared instead. A stalled Moroccan takeover is revived. And results season quietly rewards the patient.
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A low-ball buyout he fought collapsed — and Ngugi Kiuna's stake soared instead. A stalled Moroccan takeover is revived. And results season quietly rewards the patient.
Aliko Dangote's refinery ambitions draw a $100 million suitor as his empire keeps expanding. And a widening accountability beat closes in on fortunes from Accra to Nairobi.
Aliko Dangote picks Lamu for a $17 billion Kenyan refinery — his second continental-scale bet in a fortnight. Michiel le Roux borrows $402 million against his Capitec shares.
Dangote's refinery overtakes the United States as Europe's top jet fuel supplier. Tony Elumelu will step down as UBA chairman after 12 years.
Angola prepares to sell shares in Unitel — the telecom empire it seized from Isabel dos Santos. Robert Gumede wants to turn Tongaat's sugarcane into power and fuel.
South Africa rejects a wealth tax in a win for its billionaire class. Johann Rupert's Richemont parts with a 196-year-old watchmaker.
Johann Rupert's Remgro takes full control of Mediclinic in a $947 million deal. OCI's board backs Nassef Sawiris' bid to take the company private.
Aliko Dangote takes his empire to Tanzania with a 2,000-MW power-and-fertiliser plan. Cameroon's richest man bets nearly his whole fortune on an airline.
South Africa has a new dollar billionaire in Dis-Chem founder Ivan Saltzman. Papa Kwesi Nduom bids for Standard Chartered's Ghana retail arm.
A take-private bid awaiting its answer, a refinery inching toward the largest listing in African history, and a rescue under pressure. Here's what we're watching.
The week the league table got loud — Dangote versus Forbes, a take-private bid from Nassef Sawiris, and Africa named the world's fastest-growing wealth region.
Nassef Sawiris moves to take OCI Global private in an all-cash bid. Femi Otedola's First HoldCo stake crosses $420 million.
Cletus Ibeto built a $3.8 billion empire before he ever earned a school certificate. And Kenya finally answers the Chivayo airport question.
New data names Africa the world's fastest-growing ultra-wealth region. Abdul Samad Rabiu relaunches BUA Rice — with his son in charge.
The Forbes reshuffle lifts Nicky Oppenheimer to Africa's fourth-richest. Hassan Allam wins a $727 million Waldorf Astoria contract in Saudi Arabia.
Africa's richest man tells Forbes it has him wrong — his refinery alone, he says, is worth $40 billion. Rupert's Richemont posts a record year, with one big caveat named China.