The world's premier source of news on Africa's billionaires and UHNWIs.
Joined December 2020
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The Africa Finance Corporation has approved a $600 million loan to Aliko Dangote's group to triple Dangote Fertiliser's capacity from 3 million to approximately 9 million tonnes a year.
billionaires.africa/2026/06/…
#AlikoDangote #DangoteFertiliser #AFC #Nigeria
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Christo Wiese's Shoprite has exceeded its full-year store opening target with a month still to go, lifting the value of his roughly $1.2 billion stake in South Africa's largest food retailer.
billionaires.africa/2026/06/…
#ChristoWiese #Shoprite #SouthAfrica #JSE
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Capitec co-founder Gerrie Fourie says South Africa's dysfunction is exactly what makes it worth staying for, urging South Africans considering emigration to think carefully before leaving.
billionaires.africa/2026/06/…
#GerrieFourie #Capitec #SouthAfrica
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South African IT billionaire Robert Gumede is closing in on a deal to acquire 134-year-old Tongaat Hulett out of business rescue ahead of the June 17 court deadline.
billionaires.africa/2026/06/…
#RobertGumede #VisionSugar #TongaatHulett #SouthAfrica
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South African billionaire Rob Hersov has told Mineral Resources Minister Gwede Mantashe to fix the mining sector or accept that the country forfeits its future.
billionaires.africa/2026/06/…
#RobHersov #SouthAfrica #Mining
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A civil society group has accused Senator Abdulaziz Yari, Geregu Power's chairman, of links to illegal gold mining after the EFCC seized 22.2kg of gold worth $3.23 million. Yari has not publicly responded.
billionaires.africa/2026/06/…
#AbdulazizYari #GereguPower #Nigeria
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Kenyan banker James Mwangi has added about $8 million to his Equity Group stake over the past four months, on a sustained NSE share price rally.
billionaires.africa/2026/06/…
#JamesMwangi #EquityGroup #Kenya #NSE
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Madagascar billionaire Hassanein Hiridjee's Axian Telecom has secured a €170 million EBRD loan to expand mobile and digital infrastructure across its African markets.
billionaires.africa/2026/06/…
#HassaneinHiridjee #AxianTelecom #EBRD #Madagascar
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Saudi billionaire Abdulrahman Sharbatly's Golden Pyramids Plaza has posted an 89% drop in Q1 profit, one of the sharpest reversals among major Egyptian-listed consumer operators this cycle.
billionaires.africa/2026/06/…
#AbdulrahmanSharbatly #GoldenPyramidsPlaza #Egypt #Cairo
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Nigerian beverage heiress Kudirat Adegunwa-Balogun, CFO of Rite Foods, has been named the APC's deputy governorship candidate for Ogun State ahead of the 2027 election.
billionaires.africa/2026/06/…
#KudiratAdegunwaBalogun #RiteFoods #APC #OgunState #Nigeria
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Nigerian billionaire Femi Otedola, who dropped out of high school at 17 without completing his A-Levels, has completed an executive programme at the London Business School at 63.
billionaires.africa/2026/06/…
#FemiOtedola #LondonBusinessSchool #Nigeria
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Zak Calisto's Cartrack is under scrutiny after 29-year-old employee Gcina Dhladhla died at its Rosebank head office, with COSATU calling for a Labour Department investigation.
billionaires.africa/2026/06/…
#ZakCalisto #Cartrack #SouthAfrica
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Aigboje Aig-Imoukhuede says Access Holdings is done buying banks after 20 acquisitions, shifting the lender from inorganic expansion to integration of its pan-African footprint.
billionaires.africa/2026/06/…
#AigbojeAigImoukhuede #AccessHoldings #Nigeria #AfricaBanking
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The Ambatovy nickel mine in Madagascar, being acquired by Sandile Zungu's ZICO consortium, has restarted production after a four-month shutdown caused by Cyclone Gezani.
billionaires.africa/2026/06/…
#SandileZungu #Ambatovy #Madagascar #Nickel
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Africa's richest man Aliko Dangote has publicly donated at least $47 million to named causes in the first six months of 2026 through the Aliko Dangote Foundation and personal gifts.
billionaires.africa/2026/06/…
#AlikoDangote #DangoteFoundation #Philanthropy #Nigeria
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Egyptian businessman Ahmed Abou Hashima bet $1 billion on Egyptian steel at 35 and used that single decision to anchor his rise as one of Egypt's most powerful industrialists.
billionaires.africa/2026/06/…
#AhmedAbouHashima #EgyptianSteel #Egypt
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Beninese oil tycoon Samuel Dossou-Aworet's Seplat Energy stake has surged to about $670 million and keeps climbing on the company's post-Mobil Producing production trajectory.
billionaires.africa/2026/06/…
#SamuelDossouAworet #SeplatEnergy #Nigeria
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Ghanaian waste management tycoon Joseph Siaw Agyepong's Jospong Group now operates in 29 African countries, up from 24 in earlier reporting.
billionaires.africa/2026/06/…
#JosephSiawAgyepong #JospongGroup #Ghana
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Johann Rupert's Remgro has won regulatory approval to take full control of Mediclinic's roughly 50 South African hospitals.
billionaires.africa/2026/06/…
#JohannRupert #Remgro #Mediclinic #SouthAfrica
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A Nigerian family has built an $8 million business importing Lagos-brewed Guinness into the UK, turning diaspora taste loyalty into a scaled food and beverage operation.
billionaires.africa/2026/06/…
#NigerianBusiness #Guinness #Lagos #UnitedKingdom
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