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Late Access Bank CEO Herbert Wigwe owned 106 properties in London, a new investigation into offshore real estate ownership reveals
Late Access Bank CEO Herbert Wigwe has been linked to 106 London properties in a sweeping new investigation into offshore ownership in the British capital.
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Abdul Samad Rabiu pushes BUA Cement toward 20Mtpa with new Edo and Sokoto plants
Abdul Samad Rabiu is expanding BUA Cement into Edo and Sokoto as the company's profit surged 381% and capacity targets hit 20 million tonnes.
Late Access Bank CEO Herbert Wigwe owned 106 properties in London, a new investigation into offshore real estate ownership reveals
Late Access Bank CEO Herbert Wigwe has been linked to 106 London properties in a sweeping new investigation into offshore ownership in the British capital.
Ghana's opposition petitions rights body over Ibrahim Mahama
Ghana's parliamentary minority is moving to petition a national rights body over Ibrahim Mahama's Damang Mine bid and alleged constitutional breaches.
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Deep-Dive Report: Africa's Refining Revolution — How the Hormuz Crisis Is Rewriting the Map
Africa spends $60 billion a year importing fuel it could refine at home — the Hormuz crisis just proved why that model is broken, and Dangote's 456,000-tonne export run shows the fix is already under way.
Exclusive Briefing: What We're Hearing — Africa's Energy Repricing in Real Time
Diesel and jet fuel are the real squeeze, Dangote has more inbound demand than it can service, Rabiu is building a parallel industrial empire, and South Africa is scrambling — here is what we are hearing as the war enters its fourth week.
Investor Memo: Fuel-Starved Nations Flock to Dangote — How the War Is Redrawing Africa’s Energy Trade Map
South Africa, Ghana and Kenya are lining up for fuel from Dangote's refinery as the Hormuz crisis enters its fourth week — we break down what this means for African energy trade, the IPO, and who holds the pricing power.
Moroccan billionaire Othman Benjelloun’s Bank of Africa makes Forbes MENA top 100
Othman Benjelloun's Bank of Africa ranked 88th in the Forbes Middle East 2026 list of the region's 100 most valuable companies.
Mohamed Mansour's San Diego FC emerges as frontrunner to sign Mohamed Salah after Liverpool exit
Mohamed Mansour's San Diego FC is among the clubs most prominently linked to signing Mohamed Salah after the Egyptian superstar confirmed his Liverpool exit.
Morocco's royal family-controlled Attijariwafa Bank is eyeing a stake in European AI startup Mistral
Morocco's biggest bank Attijariwafa is studying an investment in French AI startup Mistral AI after it launched a model targeting financial institutions.
Billionaire Yasseen Mansour's Palm Hills posts 29.55 percent profit jump to EGP 4.22 billion in 2025
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
Hesham El Ghoroury's Tiba wins Amethis backing to scale Egypt's rice-based food ingredients export push
Hesham El Ghoroury's Tiba for Starch & Glucose has secured a minority stake from Amethis to scale production capacity and expand into global export markets.
Turkish billionaire Fuat Tosyali pushes Algeria steel complex to 8 million tons with new cold rolling mill
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Uganda signs a deal with the Sawiris family's Orascom Construction to study a light rail system for Kampala
Uganda signed a deal with Egypt's Orascom Construction to study whether a light rail transit system for Kampala is viable.
Abdul Samad Rabiu pushes BUA Cement toward 20Mtpa with new Edo and Sokoto plants
Abdul Samad Rabiu is expanding BUA Cement into Edo and Sokoto as the company's profit surged 381% and capacity targets hit 20 million tonnes.
Late Access Bank CEO Herbert Wigwe owned 106 properties in London, a new investigation into offshore real estate ownership reveals
Late Access Bank CEO Herbert Wigwe has been linked to 106 London properties in a sweeping new investigation into offshore ownership in the British capital.
Nigerian oil tycoon Seinye Lulu-Briggs's foundation treats 5,112 people in Ogu, performs 149 surgeries in five days
The O.B. Lulu-Briggs Foundation treated 5,112 people and performed 149 surgeries over five days in Ogu, Rivers State, Nigeria.
Aliko Dangote's net worth hits $32.5 billion as he climbs to 64th richest person globally
Aliko Dangote has added $2.57 billion to his fortune since January, climbing 13 places to rank 64th among the world's wealthiest people.
Dan Gertler's royalty claims are holding up a $9 billion Western bid for Glencore's copper and cobalt mines in Congo
Royalty claims tied to sanctioned billionaire Dan Gertler are stalling a $9 billion Western bid for Glencore's Congo copper and cobalt mines.
Billionaire Robert Friedland's Ivanhoe ships first copper through Lobito Corridor
Ivanhoe Mines has shipped its first low-carbon copper anodes from Congo's Kamoa Kakula through Angola's Lobito Corridor to a German refinery.
Tony Elumelu urges Africa's wealthy to share prosperity
Tony Elumelu called on wealthy Africans to share their resources and empower the poor as his foundation unveiled its 2026 grant beneficiaries.
Nigerian entrepreneur Tosin Eniolorunda's Moniepoint acquires Orda to expand into Africa's food service market
Tosin Eniolorunda's Moniepoint has acquired Orda Africa to expand into food services, integrating restaurant software with payments and credit tools.
NCBA, backed by Kenya's richest families, posts $180.3 million profit and lifts dividend 22.5% ahead of Nedbank takeover
NCBA Group posted KSh 23.4 billion ($180.3 million) in full-year profit and raised its dividend by 22.5% to KSh 7.1 per share for 2025.
Meet Joshua Kulei, the prison warder who became one of Kenya's most powerful and controversial billionaires
Joshua Kulei was a prison warder who caught President Moi's eye, became his personal assistant and built one of Kenya's largest private business empires.
James Mwangi's Equity Group abandons Ethiopia-first strategy to acquire Angolan bank
James Mwangi's Equity Group is pivoting to Angola for a bank acquisition after Ethiopia's restrictive foreign ownership rules stall its market entry.
Innscor takes 27 percent stake in Tanganda after underwriting $8 million rights offer
Innscor Africa has secured a 27 percent stake in Tanganda Tea Company after underwriting the firm's $8 million rights offer.
The detention of Malagasy tycoon Mamy Ravatomanga in Mauritius is threatening the island's financial reputation ahead of its 2027 FATF review
The detention of Malagasy tycoon Mamy Ravatomanga in Mauritius on money laundering suspicions is raising fresh concerns about the island's FATF standing.
Kenyan Petroleum tycoon Jackson Chebett buys Tuju's Karen estate at auction
Stabex International chairman Jackson Kiplimo Chebett's company paid Sh450 million at auction for former minister Raphael Tuju's prime Karen property.
Ugandan billionaire Sudhir Ruparelia unveils One-10 luxury apartments in Kampala
Sudhir Ruparelia's Meera Investments is building One-10 Apartments, a 15-story luxury residential tower in Kampala's prestigious Kololo neighborhood.
Kenyan banker James Mwangi set to pocket $5.6 million dividend
Equity Group's record 2025 profit will pay CEO James Mwangi more than Sh734 million in dividends as the board raises its payout by 35%.
Remgro CEO Jannie Durand warns South Africa could face fuel shortages
Remgro CEO Jannie Durand has warned that the Middle East conflict could trigger fuel shortages in South Africa, citing deep concern about supply chain stability.
South African billionaire Johann Rupert's Richemont stock slides as China luxury slump weighs on Swiss empire
Richemont shares are under pressure as China's luxury spending slump rattles Johann Rupert's Swiss-listed holding company behind Cartier.
Sasfin Wealth rebrands as Otto1890 as Sasfin exits banking and the JSE
Erol Zeki's Sasfin Wealth has rebranded as Otto1890, honoring founder Otto Pollak, as the broader Sasfin Group exits banking and the JSE.
Zimbabwe's push to raise the ethanol blend from E5 to E20 could sharply boost tycoon Billy Rautenbach's Green Fuel business
Zimbabwe is pushing to raise its ethanol blend from E5 to E20, a move that could sharply boost Billy Rautenbach's Green Fuel operation in Chisumbanje.
Datatec founder Jens Montanana buys European tech firm, plants flag in Poland
Datatec founder Jens Montanana is pushing deeper into Europe, with Logicalis Germany snapping up Berlin-based network automation specialist NetworkedAssets.
South Africa's richest woman, Mary Oppenheimer Slack, chose horses over the boardroom and built a racing dynasty
Mary Oppenheimer Slack inherited half the Oppenheimer fortune and used her passion for horses to build one of South Africa's greatest thoroughbred dynasties.
Johann Rupert's Remgro lifts dividend 80% as earnings surge, handing South Africa's richest family R80 million
Johann Rupert's Remgro lifted its interim dividend by over 80% after headline earnings surged, handing the Rupert family about R80 million in gross payouts.
South Africa's Datatec, controlled by Jens Montanana, expands into Poland with NetworkedAssets acquisition
Datatec's Logicalis Germany has acquired software specialist NetworkedAssets, giving the South African tech group a new foothold in Poland.
Saudi-Ethiopian Mohammed Al-Amoudi is worth $9 billion on Bloomberg but missing from the Forbes 2026 billionaires list and here is why
Mohammed Al-Amoudi is worth $9.12 billion on Bloomberg but does not appear on the Forbes 2026 billionaires list. Here is why.
How Djiboutian tycoon Abdourahman Boreh helped Dubai build a port empire in the Horn of Africa, then became its most inconvenient witness
Abdourahman Boreh brokered DP World's entry into Djibouti, collected fees from both sides, then fled into exile as the whole deal unravelled.
Dahabshiil founder Abdirashid Duale pledges $150,000 as drought deepens in northern Somalia
Dahabshiil pledged $150,000 for drought relief in northern Somalia, with founder Abdirashid Duale urging faster action as shortages spread.
Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
Ethiopia’s richest man, Mohammed Al-Amoudi, brings Carrefour to 13 Midroc stores, marking the retailer’s first physical presence in Ethiopia.
Ethiopia’s richest man Mohammed Al-Amoudi sees wealth rebound past $8.1 billion
Mohammed Al-Amoudi’s net worth rebounds to more than $8.1 billion after a $2.42 billion gain tied to his stake in Preem.
Somali e-visa controversy: Ismail Ahmed points to Premier Bank involvement
Ismail Ahmed claims Premier Bank helped design Somalia’s e-visa system and benefits from visa fees through Empire Tech Solutions.
Ahmed Osman Guelleh, one of Djibouti's richest men, recalibrates for a tougher market
Ahmed Osman Guelleh built a logistics and beverage empire around Djibouti’s ports and Somaliland’s Coca-Cola plant. Now competition is testing his hold.
Somali businessman Abdiweli Hassan to invest $503 million in Kenya’s Tatu City
Somali businessman Abdiweli Hassan plans a $503 million mixed-use project at Kenya’s Tatu City, expanding his footprint from retail into urban development.
Latest Posts
Remgro CEO Jannie Durand warns South Africa could face fuel shortages
Remgro CEO Jannie Durand has warned that the Middle East conflict could trigger fuel shortages in South Africa, citing deep concern about supply chain stability.
Abdul Samad Rabiu pushes BUA Cement toward 20Mtpa with new Edo and Sokoto plants
Abdul Samad Rabiu is expanding BUA Cement into Edo and Sokoto as the company's profit surged 381% and capacity targets hit 20 million tonnes.
Moroccan billionaire Othman Benjelloun’s Bank of Africa makes Forbes MENA top 100
Othman Benjelloun's Bank of Africa ranked 88th in the Forbes Middle East 2026 list of the region's 100 most valuable companies.
Aliko Dangote's refinery flags unauthorized IPO reports, tells investors to verify before acting
Dangote Petroleum Refinery warned investors to ignore unverified IPO reports, saying any listing plans would come through official, regulated channels only.
African Wealth Briefing — Fri., March 27, 2026
Dangote confirms plans to double refinery capacity to 1.4 million bpd, Rupert's Richemont slides on China's luxury slump, NCBA posts $180 million profit ahead of Nedbank's $856 million takeover bid, and a Nigerian court forfeits $13 million tied to Aisha Achimugu.
Late Access Bank CEO Herbert Wigwe owned 106 properties in London, a new investigation into offshore real estate ownership reveals
Late Access Bank CEO Herbert Wigwe has been linked to 106 London properties in a sweeping new investigation into offshore ownership in the British capital.
Ghana's opposition petitions rights body over Ibrahim Mahama
Ghana's parliamentary minority is moving to petition a national rights body over Ibrahim Mahama's Damang Mine bid and alleged constitutional breaches.
Court orders final forfeiture of $13m tied to Aisha Achimugu
Federal High Court in Abuja orders final forfeiture of $13 million tied to Aisha Achimugu after EFCC establishes funds as proceeds of fraud.
NCBA, backed by Kenya's richest families, posts $180.3 million profit and lifts dividend 22.5% ahead of Nedbank takeover
NCBA Group posted KSh 23.4 billion ($180.3 million) in full-year profit and raised its dividend by 22.5% to KSh 7.1 per share for 2025.
Aliko Dangote targets 1.4 million barrels per day as refinery expansion reshapes Africa's energy future
Aliko Dangote is pushing his Lagos refinery toward 1.4 million barrels per day, a move that could reshape Africa's energy supply.
South African billionaire Johann Rupert's Richemont stock slides as China luxury slump weighs on Swiss empire
Richemont shares are under pressure as China's luxury spending slump rattles Johann Rupert's Swiss-listed holding company behind Cartier.
Air Peace rejects Lagos tax evasion claims against Allen Onyema
Air Peace has rejected as false reports alleging its chairman Allen Onyema faces a personal income tax evasion lawsuit filed by the Lagos State Government.
How founders balance growth and finances in the first stages of business
Startup success depends on more than revenue. This article explains how founders can manage cash flow, avoid the growth trap, and build stronger financial habits from the start.
Sasfin Wealth rebrands as Otto1890 as Sasfin exits banking and the JSE
Erol Zeki's Sasfin Wealth has rebranded as Otto1890, honoring founder Otto Pollak, as the broader Sasfin Group exits banking and the JSE.
Robert F. Smith's 2019 Morehouse gift inspires Atlanta's inaugural HBCU AwareFest to tackle student debt
Atlanta's inaugural HBCU AwareFest, inspired by Robert F. Smith's landmark $34 million Morehouse student debt gift, is raising funds to eliminate HBCU graduate debt.
Zimbabwe's push to raise the ethanol blend from E5 to E20 could sharply boost tycoon Billy Rautenbach's Green Fuel business
Zimbabwe is pushing to raise its ethanol blend from E5 to E20, a move that could sharply boost Billy Rautenbach's Green Fuel operation in Chisumbanje.
