Dangote Cement has crossed ₦20 trillion ($15.1 billion) in market value after two straight 10% share-price gains. Aliko Dangote’s stake gained $1.19 billion in one day. billionaires.africa/2026/10/… #DangoteCement #Nigeria

Patrice Motsepe’s Harmony Gold posted record headline earnings of $1.61 billion in 2026 and is expanding into copper after acquiring Australia’s MAC Copper for $1.03 billion. billionaires.africa/2026/10/… #HarmonyGold #Mining

Nigerian billionaire Abdul Samad Rabiu says he no longer needs CBN dollar allocations, as businesses can now buy foreign currency from banks at market rates. billionaires.africa/2026/10/… #BUAGroup #Nigeria

Patrice Motsepe earned R28.3 million ($1.7 million) at African Rainbow Minerals in 2026 before moving from executive chairman to non-executive chairman. billionaires.africa/2026/10/… #PatriceMotsepe #Mining

Egyptian pharma tycoon Ahmed Abu Al Naga has agreed to sell 50% of ATCO Pharma to Saudi Arabia’s Avalon Pharma for $50 million. billionaires.africa/2026/10/… #Egypt #Pharma

Pula Group says its $195 million Tanzania claim against Patrice Motsepe’s companies remains unresolved. Motsepe and his companies deny the allegations. billionaires.africa/2026/10/… #Motsepe #Mining

Kenyan billionaire Narendra Raval’s Kitui cement plant is valued at $539 million by President William Ruto, who says it will create 4,000 jobs. billionaires.africa/2026/10/… #Kenya #DevkiGroup

South African tycoons Mark and Brett Levy face scrutiny over Blu Label’s Ticketpro sale after Sports Minister Gayton McKenzie acknowledged visiting their offices during the deal period. billionaires.africa/2026/10/… #SouthAfrica #Business

South Africa’s Pick n Pay cut its first-half supermarket trading loss 16.9% to R516 million ($31 million), while group trading profit rose 58.1% to R490 million. billionaires.africa/2026/10/… #PicknPay #SouthAfrica

Kenya’s Quickmart has secured up to $55 million in commitments from four cornerstone investors for its $116 million IPO, which closes Oct. 30. billionaires.africa/2026/10/… #Quickmart #Kenya

Stephen Gleisner denies trying to take control of Johannesburg’s Eagle Canyon Golf Estate board. A proposed R60 million redevelopment plan has been withdrawn. billionaires.africa/2026/10/… #SouthAfrica #Business

Kenyan healthcare tycoon Jayesh Saini has won competition approval to take control of ABC Bank. Central Bank clearance is still required. billionaires.africa/2026/10/… #Kenya #Banking

Namibian banking tycoon Koos Brandt’s farm near Dordabis, east of Windhoek, was reportedly ransacked by five robbers. billionaires.africa/2026/10/… #Namibia #Business

Hassan Allam’s group has won an additional $500 million contract for Phase II of Grova EastHills in East Cairo, taking construction contracts for the project above $1 billion. billionaires.africa/2026/10/… #Egypt #RealEstate

Ibrahim Mahama’s Damang gold mine in Ghana has more than doubled its permanent workforce to 426 since taking over from Gold Fields in April. billionaires.africa/2026/10/… #Ghana #Mining

Dangote Refinery says its IPO closes Tuesday, Oct. 27, with no further extension. The offer opened Oct. 6 and was previously extended from Oct. 20. billionaires.africa/2026/10/… #Dangote #Nigeria

This week’s African Wealth Briefing: Dangote’s refinery IPO, Otedola’s reported Dangote Cement stake, Shoprite’s banking talks and major moves across African markets. billionaires.africa/2026/10/… #AfricanBusiness #Investment

Patrice Motsepe’s African Rainbow Minerals stake has fallen to $781 million as the miner’s shares drop 27% in 2026. The decline wiped about $300 million off its value. billionaires.africa/2026/10/… #PatriceMotsepe #SouthAfrica

Aliko Dangote nearly walked away from his $327 million Kenya Pipeline deal over a reported $16 million price gap with state-backed pension funds. billionaires.africa/2026/10/… #Dangote #Kenya

Malagasy tycoon Mamy Ravatomanga faces trial in Madagascar over five Boeing 777s flown to Iran. He denies wrongdoing and has not been convicted. billionaires.africa/2026/10/… #Madagascar #Business