billionaires.africa news headlines

South African billionaire Michel Le Roux has seen his stake in Capitec Bank swell by over $160 million in just 16 days, driving his holdings closer to the $2.2 billion mark. This boost comes shortly after surpassing the $2 billion milestone earlier this month. According to data tracked

Nigerian billionaire Aliko Dangote has experienced a sharp decline in his wealth this year, more than any other African billionaire, according to estimates from Forbes and Bloomberg . The dual impact of falling share prices in his listed companies and the significant devaluation of the Nigerian

RIGA Holding, a prominent engineering and construction conglomerate led by Egyptian businessman Khayri Abo Elyazzed, is accelerating its expansion across sub-Saharan Africa, securing multiple high-value contracts that underscore its growing influence in the region. The Cairo-based group

Naspers, led by South African billionaire Koos Bekker, anticipates significant economic gains from e-commerce and digital platforms. By 2035, these sectors are expected to add R91.4 billion ($5.2 billion) to South Africa's economy, accounting for 1.38 percent of the GDP. This projection

I M Group, a top financial services provider founded by Kenyan businessman Suresh Bhagwanji Shah, has teamed up with Norfund to upgrade Kim-Fay's operations. The partnership will establish a modern facility in Tatu City, a 5,000-acre Special Economic Zone near Nairobi. Investment target

Ecobank Transnational Incorporated (Ecobank), a leading pan-African banking group led by Cameroonian banker Alain Nkontchou, has officially launched its custodian business operations in Nigeria. This strategic move marks a significant expansion for the bank as it seeks to strengthen its presence

Swazi billionaire Natie Kirsh has recorded a substantial increase in his net worth, reinforcing his standing as Eswatini's wealthiest individual and one of Africa's top business magnates. Over the past 19 days, Kirsh's fortune has surged by $610 million, elevating his total net worth from $8.53

Johann Rupert, the South African luxury goods magnate, has reclaimed his position as Africa's richest man, boasting a fortune of $14.3 billion, according to the Bloomberg Billionaires Index . This marks a $900 million lead over Nigerian industrialist Aliko Dangote, whose net worth stand

Italtile, a leading Gauteng-based retailer and manufacturer of bathroom and home products controlled by South African businessman Giovanni Ravazzotti, released its financial results for the full year 2024, revealing a mixed performance amid a tough operating environment. According to it