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In the early 1990s a French engineer bought an ageing Gabonese oil field that Amoco had written off. That single unwanted reservoir became the model for an $11.4 billion fortune built almost entirely on the barrels the majors abandoned across Africa.
Stephen Saad said you have to be within six months of the first launch to be part of market formation. This week Africa's largest drugmaker won approval to sell a generic Ozempic in Canada — and then discovered it has no ingredient to make it with.
In 1989 a Cameroonian banker submitted a doctoral thesis in Bordeaux arguing that Africa's informal economy was not a failure but a financial revolution waiting for its institution. He then spent 36 years building the institution. Last week it opened in one of the least-banked countries on earth.
A hotel room in South Africa, three months long, where a banker watched his wife die of cancer. Out of it came Malawi's only cancer hospital — and the most revealing chapter in the complicated story of the country's first billionaire, Thom Mpinganjira.
He is worth close to $9 billion, yet absent from the Forbes list. His flagship Moroccan refinery lies in ruins. And he is quietly pouring capital back into Ethiopia. The paradox of Mohammed Al-Amoudi.
This week, Angola begins selling shares in Unitel the telecom giant it took from Isabel dos Santos, once Africa’s richest woman. The IPO of a seized fortune, and the unresolved fight over how it was built and how it was taken.
From a frozen-fish stall in a Yaoundé market, Sylvestre Ngouchinghe built a company that controls how much of a nation eats fish. The infrastructure bet behind a $280 million empire.
Cameroon’s richest woman built her country’s cocoa trade around a single partner. When Cargill walked away, Kate Fotso faced the worst season in three decades — and began to reinvent herself.
He is worth roughly $9 billion on Bloomberg and absent from Forbes entirely. Inside the private empire of Mohammed Al-Amoudi — and why a collapsed Moroccan refinery just pulled him back into view.
Morocco’s billionaire prime minister is fighting bills to cap fuel prices in a market his own company dominates — reviving the oldest question about him.
A decade in the making and only now running at full capacity, the world’s most ambitious refinery had never carried a market price. In ten days this month, it finally did — and the demand suggests the number is a floor.
How a near-two-decade friendship between South Africa’s richest man and Rurik Göbel collapsed over a R2.3 billion Stellenbosch land deal.
On May 20, two men who have been friends for 25 years stood on the same refinery jetty. One is preparing to sell a slice of the future. The other is buying in.
The Canal+ JSE listing arrives at a structurally distinctive moment.
Seven African industrial principals — Dangote, Motsepe, Masiyiwa, Rabiu, Kagame, Tinubu, Nahdi — have converged on one coordinated policy framework over six days. What foreign investors should read into it.
Kenny Fihla has raided Rothschild, Standard Bank, and Deutsche Bank to rebuild Absa's senior bench. What the most aggressive hiring spree in African banking tells us about the South African push for deal leadership.