Billionaires.Africa

The world's premier source of news on Africa's billionaires and UHNWIs.

[Billionaires.Africa @NineZeroClub]

Ronald Karauri-backed Definite Assurance now holds 25.03% of Kenya’s matatu insurance market, up from 4.74% a year earlier.

https://t.co/StEmT4t4LF

#Kenya #Insurance

[Billionaires.Africa @NineZeroClub]

Femi Otedola’s First HoldCo reported ₦1.01 trillion ($684m) in pre-tax profit for the first nine months of 2026, up 73% year-on-year.

https://t.co/F6lGPS1ODm

#FemiOtedola #Nigeria

[Billionaires.Africa @NineZeroClub]

Ugandan tycoon Patrick Bitature has settled a seven-year dispute with South African lender Vantage Mezzanine over a $17 million loan.

https://t.co/x6SOGf2sf5

#Uganda #Business

[Billionaires.Africa @NineZeroClub]

Moulay Hafid Elalamy’s Saham Bank has launched a private banking and family office service for wealthy Moroccan families, offering investment, tax and succession planning.

https://t.co/735ud77R5f

#Morocco #SahamBank

[Billionaires.Africa @NineZeroClub]

South Africa’s Pick n Pay has scrapped proposed pay cuts for 22,000 workers after reaching an agreement with trade unions.

https://t.co/lPwSoMJBov

#PicknPay #SouthAfrica

[Billionaires.Africa @NineZeroClub]

John Alamu’s Johnvents is seeking a $72 million IFC loan to build sesame and cashew processing plants in Nigeria and Ivory Coast. The financing awaits approval.

https://t.co/90i3yT5Dmv

#JohnAlamu #Nigeria

[Billionaires.Africa @NineZeroClub]

Aliko Dangote has earmarked $50 billion for African investments between 2026 and 2030, citing energy shortages and weak industrial policies as barriers to growth.

https://t.co/0G2O1zCuJE

#AlikoDangote #Africa

[Billionaires.Africa @NineZeroClub]

Ibrahim Mahama’s Engineers and Planners is pursuing a $740 million claim against Gold Fields over alleged underpayments at two Ghanaian gold mines. Gold Fields disputes the claims.

https://t.co/lKFyvoFz4A

#Ghana #Mining

[Billionaires.Africa @NineZeroClub]

Folorunsho Alakija threatens legal action over a $1.27m fraud report involving Famfa Oil. The EFCC has not publicly confirmed an investigation.

https://t.co/ONuzGJGvcm

#Nigeria #Business

[Billionaires.Africa @NineZeroClub]

Kenya’s Treasury chief John Mbadi defended the $327 million sale of a 24.76% Kenya Pipeline stake to Aliko Dangote, dismissing claims of political interference.

https://t.co/xwsSejyqLM

#Dangote #Kenya

[Billionaires.Africa @NineZeroClub]

Rob Hersov-backed Africa Bitcoin Corporation cancelled a proposed shareholder meeting after investors withdrew their demand for two new directors. Four directors had resigned amid the dispute.

https://t.co/DpvNpBXOrd

#RobHersov #Bitcoin

[Billionaires.Africa @NineZeroClub]

Aliko Dangote is giving his daughters greater leadership roles across his businesses as a refinery share sale could lift his fortune to $58 billion. The sisters oversee cement and food, the family office, and fertilizer and energy

https://t.co/n7sC9MiivR

#AlikoDangote #Nigeria

[Billionaires.Africa @NineZeroClub]

Johann Rupert’s Reinet Investments has named longtime financial manager Peter Clarke as CFO from November 1, 2026. He succeeds André du Plessis, who is retiring after serving since 2008.

https://t.co/Vy9MknT9I4

#JohannRupert #SouthAfrica

[Billionaires.Africa @NineZeroClub]

Dangote’s $1.6bn refinery IPO could boost Nigeria’s active investors threefold to fivefold, says NGX CEO Temi Popoola. The offer closes October 27.

https://t.co/DGeXfonTJF

#Dangote #Nigeria

[Billionaires.Africa @NineZeroClub]

Ylias Akbaraly’s Thomson Broadcast is seeking a $449 million deal to rebuild Nigeria’s TV and radio network, with hopes of securing approval during Macron’s visit.

https://t.co/SaTKjXEqv9

#Nigeria #Business

[Billionaires.Africa @NineZeroClub]

Standard Bank CEO Sim Tshabalala’s 753,724 shares in the lender are worth $13.5 million. He plans to retire at the end of 2027.

https://t.co/E4R8BEUa8J

#SimTshabalala #StandardBank

[Billionaires.Africa @NineZeroClub]

Standard Bank CEO Sim Tshabalala’s 753,724 shares in the lender are worth $13.5 million. He plans to retire at the end of 2027.

https://t.co/E4R8BEUa8J

#SimTshabalala #StandardBank

[Billionaires.Africa @NineZeroClub]

Egyptian billionaire Naguib Sawiris is launching Silversands Mykonos, a 93-room five-star resort in Greece featuring five villas, six pools and a Floating Rock Bar. The resort is expected to open in May 2027.

https://t.co/tzGKbqDLGA

#NaguibSawiris #Mykonos #Hospitality

[Billionaires.Africa @NineZeroClub]

Zimbabwe’s ruling ZANU-PF has postponed its leadership congress from 2027 to 2029 and endorsed President Mnangagwa as its sole candidate, giving Kudakwashe Tagwirei more time to strengthen his position in the party.

https://t.co/3NBkMrxMVS

#Zimbabwe #KudakwasheTagwirei #ZANUPF

[Billionaires.Africa @NineZeroClub]

Burna Boy is launching his first sneaker collection with Roger Federer-backed Swiss brand On on October 22.
The three designs span running, tennis and lifestyle wear, priced between $150 and $180.

https://t.co/0wCSVAEwTN

#BurnaBoy #Sneakers #Nigeria