Sodecoton okays a 500 million CFA ($810,000) dividend as Cameroon lifts its stake to 89%, leaving Baba Ahmadou Danpullo’s SMIC with 11% and steady cashflows.| Daily News on African Billionaires and UHNWIs
Hassanein Hiridjee, CEO of Axian Group and Madagascar’s second richest man, says Africa’s economic future depends on empowering millions of small informal businesses with access to clean energy and fairer financing.| Daily News on African Billionaires and UHNWIs
Tetracore Energy Group has appointed Oscar N. Onyema OON, Aisha Balewa Abubakar, and Dr. Ayodele Oni to its Board of Directors.| Daily News on African Billionaires and UHNWIs
FirstRand, led by South African banker Mary Vilakazi, flags UK plan that may cost lenders £11 billion, surpassing earlier estimates.| Daily News on African Billionaires and UHNWIs
Christo Wiese loses $43.7 million after Shoprite shares dip, highlighting strain in South Africa’s retail sector.| Daily News on African Billionaires and UHNWIs
Morocco’s richest man Othman Benjelloun sold his 500-hectare Quebec estate for $10.4 million, marking a profitable exit after 15 years.| Daily News on African Billionaires and UHNWIs
South African billionaire Patrice Motsepe’s net worth rebounds above $3.5 billion as gold prices surge past $4,000 per ounce.| Daily News on African Billionaires and UHNWIs
Safaricom, led by Peter Ndegwa, invested $777.6 million in Kenyan suppliers in 2025, strengthening local enterprises, jobs, and sustainable economic growth.| Daily News on African Billionaires and UHNWIs
Glencore secures $395 million Australian support to keep Mount Isa copper smelter operational and boost critical mineral supply.| Daily News on African Billionaires and UHNWIs
Abu Joho’s port empire, built on political ties and logistics power, is under siege as courts, rivals and reforms reshape Kenya’s vital Mombasa trade hub.| Daily News on African Billionaires and UHNWIs
Kunle Soname’s ValueJet operated the first commercial flight from Ogun’s Gateway International Airport on February 26, 2024, marking a step for private aviation.| Daily News on African Billionaires and UHNWIs
Aliko Dangote meets Senegal’s President Faye in Dakar to discuss new investments after launching a $2.5 billion fertilizer plant in Ethiopia.| Daily News on African Billionaires and UHNWIs
Tetracore Energy Group has appointed Mr. Dayo Williams as Managing Director of its subsidiaries, reinforcing the Group’s commitment to leadership excellence and innovation in Africa’s energy sector. With| Daily News on African Billionaires and UHNWIs
Tagaddod raises $26.3 million led by the Arab Energy Fund to scale its renewable feedstock operations across the Middle East and Europe.| Daily News on African Billionaires and UHNWIs
Moniepoint, led by Tosin Eniolorunda, posted a $1.2 million loss in the UK while preparing for a full 2025 launch.| Daily News on African Billionaires and UHNWIs
North Africa| Daily News on African Billionaires and UHNWIs
King Mohammed VI opened a sweeping set of projects at Casablanca Port, part of Morocco’s push to elevate the city as Africa’s commercial and tourism hub.| Daily News on African Billionaires and UHNWIs
Alaouite family’s stake in Attijariwafa Bank rises $2.2 billion, reflecting strong bank performance and strategic investments.| Daily News on African Billionaires and UHNWIs
Kenyan investor Baloobhai Patel boosts Absa Bank stake by $4.8 million, increasing his holdings to 1.72 percent.| Daily News on African Billionaires and UHNWIs
Billionaire Adebayo Ogunlesi plans fresh investments to boost Nigeria’s ports, aviation, and energy landscape.| Daily News on African Billionaires and UHNWIs
Coty shares fall 23%, cutting Sue Nabi’s stake by $38 million as the beauty company faces weaker sales and investor caution.| Daily News on African Billionaires and UHNWIs
Falcon Aero secures $10 million for VivaJets to expand fleet, retire debt, and boost air connectivity across Africa.| Daily News on African Billionaires and UHNWIs
Raxio Group, led by Danish executive Robert Skjødt, launches Angola’s largest data center, boosting digital capacity and internet speed.| Daily News on African Billionaires and UHNWIs
South African billionaire Michiel Le Roux set for $20.08 million payout as Capitec lifts dividend on strong earnings.| Daily News on African Billionaires and UHNWIs
Abdul Samad Rabiu’s net worth falls $301 million in 24 hours after debt revaluation, trimming his fortune to $7.5 billion.| Daily News on African Billionaires and UHNWIs
Uganda’s top court paused enforcement of a $10 million award against businessman Patrick Bitature, giving him temporary relief in his long-running loan dispute.| Daily News on African Billionaires and UHNWIs
The JSE imposed a ZAR 5 million fine on Trustco and flagged “unacceptable” conduct tied to the sale of its mining arm without shareholder consent.| Daily News on African Billionaires and UHNWIs
Madagascar tycoon Mamy Ravatomanga calls for calm, condemns looting and job losses during nationwide non-violence observances.| Daily News on African Billionaires and UHNWIs
Multimillionaire Youssef Moamah leads CMGP’s bold push, acquiring 92.5% of CPCM in a MAD 1 billion ($110 million) deal to expand his chemical-agriculture empire.| Daily News on African Billionaires and UHNWIs
Flutterwave CEO Olugbenga “GB” Agboola unveils a strategy to make stablecoins central to Africa’s payment future, linking it to the continent’s youth-driven fintech boom.| Daily News on African Billionaires and UHNWIs
Oando chief Wale Tinubu was honored with a lifetime achievement award at Africa Energy Week for shaping indigenous energy growth.| Daily News on African Billionaires and UHNWIs
Starlink and Cisco team up with Rwanda to build a gateway, expand connectivity and train millions for the digital economy.| Daily News on African Billionaires and UHNWIs
Morocco’s King Mohammed VI announces a $33 million project for a rehabilitation center offering psychiatric, vocational, and social support.| Daily News on African Billionaires and UHNWIs
West & Central Africa| Daily News on African Billionaires and UHNWIs
Access Holdings secures IFC backing to boost SME lending in Sierra Leone, targeting women-led firms and expanding access to credit in underserved markets.| Daily News on African Billionaires and UHNWIs
Belemaoil struggles with low output on OML 55 while Elizabeth Jack-Rich’s Elin Group gains ground in Nigeria’s aviation sector, redefining the Jack-Rich business empire.| Daily News on African Billionaires and UHNWIs
Tullow Oil has completed the $120 million sale of its Kenya assets to Gulf Energy, handing a local firm control of long-delayed oil hopes.| Daily News on African Billionaires and UHNWIs
African Bank completes a $28 million Grindrod asset deal, expanding its portfolio with loans, property stakes, and mortgage bonds in South Africa’s financial sector.| Daily News on African Billionaires and UHNWIs
African Bank, led by Kennedy Bungane, secures $40.4 million to support SMEs through its first social bond and sustainable finance framework.| Daily News on African Billionaires and UHNWIs
First HoldCo’s gross earnings jump to $1.07 billion in H1 2025, while Otedola-led reforms drive asset growth and investor confidence.| Daily News on African Billionaires and UHNWIs
The results reflect the growing impact of Otedola’s leadership on the 130-year-old institution.| Daily News on African Billionaires and UHNWIs
Otedola remains one of Nigeria’s wealthiest businessmen, who has conquered industries ranging from banking to oil and gas.| Daily News on African Billionaires and UHNWIs
Femi Otedola boosts FirstHoldCo stake with $1.35 million share purchase, raising his holding to 16.1 percent.| Daily News on African Billionaires and UHNWIs
Christopher Seabrooke’s Sabvest stake rebounds to $99 million as shares rally nearly 19% in weeks.| Daily News on African Billionaires and UHNWIs
Aga Khan’s investments shaped East Africa’s media, banking, and hospitality sectors.| Daily News on African Billionaires and UHNWIs
Aga Khan Fund reorganized its $9.3 million stake in Nation Media Group into a new unit, consolidating control as the publisher faces financial strain and industry shifts.| Daily News on African Billionaires and UHNWIs
Billionaires.Africa is the world's premier source of news and information on African billionaires and UHNWIs.| Daily News on African Billionaires and UHNWIs
Aliko Dangote’s $20 billion refinery bought $7.2 million crude from NNPC in July under Nigeria’s naira-for-crude policy, filings show.| Daily News on African Billionaires and UHNWIs