Billionaires.Africa

Seplat Energy, in which Tony Elumelu’s companies hold 21.07%, reported a 174% rise in nine-month profit to $260.2 million. Revenue climbed 27% to $2.76 billion as net debt fell 65%. billionaires.africa/2026/10/… #SeplatEnergy #TonyElumelu

Fidelis Ayebae’s Fidson Healthcare lifted nine-month profit 47% to ₦11.74 billion ($8.8 million), as revenue grew 21% and foreign exchange losses fell from ₦4.16 billion to ₦104.28 million. billionaires.africa/2026/10/… #FidsonHealthcare #FidelisAyebae

A Kenyan court has reopened the fight over late tycoon Stanley Githunguri’s $14 million estate, overturning an injunction protecting family properties, including Lilian Towers and Ridgeways Mall. The case will be heard afresh. billionaires.africa/2026/10/… #StanleyGithunguri #Kenya

Segun Agbaje-led GTCO reported a 12% drop in nine-month profit to ₦614.57 billion ($463 million) as funding costs rose 27.7% to ₦356 billion and tax expenses climbed 32%. billionaires.africa/2026/10/… #GTCO #SegunAgbaje

Heineken has placed its South African wine brands, including Nederburg and JC Le Roux, under strategic review three years after its Distell acquisition involving Johann Rupert’s Remgro, which owns 18.8% of Heineken Beverages. billionaires.africa/2026/10/… #JohannRupert #Heineken

Taiwo Afolabi’s SAHCO has won an Air Algérie ground-handling contract at Lagos and Abuja airports, covering passenger, baggage, ramp and cargo services. The deal expands its partnership with the airline. billionaires.africa/2026/10/… #TaiwoAfolabi #SAHCO

Aliko Dangote is in talks to supply fuel to Botswana as the country seeks new sources for petrol and diesel after an oil price shock. Botswana imports about 1.3 billion litres of fuel annually. billionaires.africa/2026/10/… #AlikoDangote #Botswana

Stephen Saad’s Aspen Pharmacare expects manufacturing earnings to more than double to over R1.66 billion ($100 million) in FY2027 after factory restructuring. billionaires.africa/2026/10/… #AspenPharmacare #SouthAfrica

Aliko Dangote has hired Spain’s Técnicas Reunidas to supply equipment for his $4 billion-plus fertiliser plant in Ethiopia, designed to produce 3 million tonnes of urea yearly. billionaires.africa/2026/10/… #Dangote

Nigerian tech entrepreneur Iyinoluwa Aboyeji has launched an AI startup with a goal of training one million engineers, expanding Africa’s AI talent pipeline. billionaires.africa/2026/10/… #AI #Nigeria

Dangote Cement’s nine-month profit rose 31% to ₦974.8 billion ($714 million). Revenue grew 19.6% to ₦3.77 trillion as borrowings fell by over ₦520 billion. billionaires.africa/2026/10/… #DangoteCement #Nigeria

Kenyan billionaire Narendra Raval says leaders tried to persuade him to move his $539 million cement plant from Kitui, but he remains committed to the project. billionaires.africa/2026/10/… #Kenya #DevkiGroup

Mamy Ravatomanga’s trial over five Boeing 777s flown to Iran has been delayed again as Madagascar awaits evidence from the US. He denies wrongdoing. billionaires.africa/2026/10/… #Madagascar #Business

Two Johannesburg mansions linked to South Africa’s Gupta brothers are back on sale for R39 million combined, 62% below their original R103 million asking price. billionaires.africa/2026/10/… #SouthAfrica #RealEstate

Aliko Dangote’s Kenya Pipeline stake has climbed to $436 million after a share-price rally. President William Ruto has defended the sale amid criticism. billionaires.africa/2026/10/… #Dangote #Kenya

Strive Masiyiwa’s Cassava Technologies is set to distribute Anthropic’s Claude AI in Africa, expanding business access to generative AI tools. billionaires.africa/2026/10/… #AI #Africa

Tony Elumelu’s Transcorp posted ₦109.4 billion ($82 million) in nine-month profit after tax, up 22% year-on-year. Revenue rose 38% to ₦472.9 billion. billionaires.africa/2026/10/… #Transcorp #Nigeria

Nigerian oil tycoon Ernest Azudialu-Obiejesi’s Nestoil has paid lenders another $40 million, bringing repayments to $130 million since September. billionaires.africa/2026/10/… #Nestoil #Nigeria

Kenya’s Supreme Court struck out an appeal in a Sh205.3 million land dispute, leaving billionaire John Kibunga Kimani’s company free of an order to complete the sale. billionaires.africa/2026/10/… #Kenya #Business

Edha Nahdi’s Bamburi Cement is preparing a $250 million clinker plant in Kenya’s Kwale County, adding to a $600 million regional race to boost local production. billionaires.africa/2026/10/… #Kenya #Cement