The world's premier source of news on Africa's billionaires and UHNWIs.
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Standard Bank has underwritten R9 billion ($540 million) for the Gautrain consortium that includes Ipeleng Mkhari's Motseng, which took over the rail network last month.
billionaires.africa/2026/10/…
#Gautrain #StandardBank #SouthAfrica
Stella Okoli has handed day-to-day control of Emzor to Uzoma Ezeoke, as the Nigerian drugmaker prepares to make drug ingredients.
billionaires.africa/2026/10/…
#Emzor #Nigeria #Pharma
Nonso Okpala's family office stake in VFD Group is worth about 19.5 billion naira ($14.6 million), helped by a rights issue and a 21% share gain this year.
billionaires.africa/2026/10/…
#VFDGroup #Nigeria #NigerianExchange
Hassan Allam's company wins a roughly $200 million contract to build phase one of a Riyadh AI data centre for Humain and Center3.
billionaires.africa/2026/10/…
#HassanAllam #SaudiArabia #AI
Zimbabweans have until Oct. 21 to apply for Dangote refinery receipts through FINSEC, at an indicative 40 cents each, with the main offer closing Oct. 27.
billionaires.africa/2026/10/…
#Dangote #Zimbabwe #IPO
Dangote's refinery IPO has drawn subscriptions from over 90 countries, including 51 of Africa's 54 nations, ahead of the Oct. 27 close.
billionaires.africa/2026/10/…
#Dangote #IPO #Africa
Othman Benjelloun's Bank of Africa will issue 5.1 million free shares, one for every 43 held, funded from reserves with no new cash required.
billionaires.africa/2026/10/…
#BankOfAfrica #Morocco #Banking
Akin Ogunbiyi's 70% stake in Mutual Benefits Assurance is worth about 44 billion naira ($33 million), after rising roughly 408% in 2025.
billionaires.africa/2026/10/…
#Nigeria #Insurance #NigerianExchange
Tony Elumelu and Sierra Leone's President Bio have assembled 26 West African projects worth over $10 billion, with a $15 billion target before the Freetown summit.
billionaires.africa/2026/10/…
#Elumelu #WestAfrica #Investment
Aliko Dangote says he will sell at least 10% of his Ethiopian fertilizer venture on the local exchange, even if Prime Minister Abiy Ahmed disagrees.
billionaires.africa/2026/10/…
#Dangote #Ethiopia #Fertilizer
Nicky Oppenheimer's family portfolio, managed by London's Stockdale Street, returned close to 25% in dollar terms in 2025.
billionaires.africa/2026/10/…
#Oppenheimer #Investing #SouthAfrica
Musalia Mudavadi's First Assurance Investments will pay Absa 3 billion shillings ($23.2 million) to regain control of First Assurance and Absa Life Kenya.
billionaires.africa/2026/10/…
#Kenya #Absa #Insurance
Saham founder Moulay Hafid Elalamy told Casablanca entrepreneurs that selling a company is not betrayal, and that compliance comes first.
billionaires.africa/2026/10/…
#Morocco #Entrepreneurship #Saham
Aliko Dangote says refining and petrochemicals will lead a $10 billion to $15 billion push into Egypt, which Cairo wants as a long-term partner.
billionaires.africa/2026/10/…
#Dangote #Egypt #OilRefining
Aziz Akhannouch has handed power to Fatima Ezzahra El Mansouri after five years as Morocco's prime minister, with his party now in opposition.
billionaires.africa/2026/10/…
#Morocco #Akhannouch #NorthAfrica
Sheikh Tahnoon's IRH reaffirmed its $1.1 billion Mopani copper commitment in Zambia, weeks after Zambia accused it of missing funding obligations.
billionaires.africa/2026/10/…
#Zambia #Copper #Mopani
Glen Steward rang the Nasdaq opening bell for Stewards Inc. on Oct. 14, after the South African financier's firm moved to the Nasdaq Capital Market.
billionaires.africa/2026/10/…
#Nasdaq #GlenSteward #PrivateCredit
Kamel Abou Aly's Pickalbatros has signed 2.46 billion dirhams in IFC and Attijariwafa loans to expand its Moroccan hotels before the 2030 World Cup.
billionaires.africa/2026/10/…
#Morocco #Pickalbatros #Hospitality
Kola Karim's 24-year-old Challenger 604 lost a door shortly after leaving Abuja and made an emergency return; the NSIB has opened an investigation.
billionaires.africa/2026/10/…
#Nigeria #AviationSafety #KolaKarim
Zenith Bank has met Kenya's government about its expansion after acquiring Paramount Bank Kenya, giving the Nigerian lender an East African base.
billionaires.africa/2026/10/…
#ZenithBank #Kenya #Banking
