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Nigeria's 2nd richest man takes delivery of $81 million Bombardier Global 8000
Abdul Samad Rabiu has taken delivery of a Bombardier Global 8000 worth $81 million (N110 billion), the world's fastest business jet, completing an order he signed in December 2025.
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Ghana president's billionaire brother Ibrahim Mahama accused of benefiting from gold mining reforms
Ibrahim Mahama's Engineers & Planners faces cronyism allegations as critics claim Ghana's mining reforms under his brother President John Mahama disproportionately benefit his company.
Nigeria's 2nd richest man takes delivery of $81 million Bombardier Global 8000
Abdul Samad Rabiu has taken delivery of a Bombardier Global 8000 worth $81 million (N110 billion), the world's fastest business jet, completing an order he signed in December 2025.
Africa's largest bank Standard Bank takes leading role in Dangote refinery IPO
Standard Bank CEO Sim Tshabalala has pledged leading-role support for the Dangote refinery IPO and future expansion after touring the Lagos facility with senior executives.
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Ghana president's billionaire brother Ibrahim Mahama accused of benefiting from gold mining reforms
Ibrahim Mahama's Engineers & Planners faces cronyism allegations as critics claim Ghana's mining reforms under his brother President John Mahama disproportionately benefit his company.
Nigeria's 2nd richest man takes delivery of $81 million Bombardier Global 8000
Abdul Samad Rabiu has taken delivery of a Bombardier Global 8000 worth $81 million (N110 billion), the world's fastest business jet, completing an order he signed in December 2025.
Nigerian tycoon Tony Elumelu named Seplat Energy chairman
Tony Elumelu will become Seplat Energy chairman in January 2027 as Effiong Okon takes over as CEO in August, completing a sweeping leadership transition at Nigeria's largest indigenous energy company.
Africa's largest bank Standard Bank takes leading role in Dangote refinery IPO
Standard Bank CEO Sim Tshabalala has pledged leading-role support for the Dangote refinery IPO and future expansion after touring the Lagos facility with senior executives.
Nigerian oil and banking tycoon Michael Prest wins again as St Kitts court voids his bank's $120,000 fine
Nigerian oil tycoon Michael Prest has won another court ruling in St Kitts and Nevis after the Court of Appeal found the banking regulator had no authority to fine his bank $120,000.
Nigerian billionaire Jim Ovia bets on Lagos luxury real estate after stepping down as Zenith chairman
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Ghanaian oil tycoon Kevin Okyere confirms Dubai detention and $50 million loan in court
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Tony Elumelu's United Capital wins historic Ethiopia investment banking licence in first for foreign firms
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Kenyan billionaire Gideon Moi used his newspaper to mock Ruto and the president's allies hit back hard
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Merali family's Sasini terminates $61 million Kenyan coffee estate sale after buyer defaults
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Uganda's richest man Sudhir Ruparelia earns almost $10 million a year renting offices to his own government
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Ronald Karauri's SportPesa paid $14.7 million for football rights. He's now suing 20 companies for using it wrong
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Kenya's wealthy Kenyatta and Ndegwa families stand to pocket $170 million from the Nedbank NCBA takeover
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South African billionaire Mark Shuttleworth-linked Knife Capital exits VoxCroft in US intelligence deal
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South Africa's richest black person loses $700 million in 3 months
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Zimbabwe tycoon Wicknell Chivayo keeps showing up in Ruto's State House and Kenya's opposition wants answers
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3 Angolan tycoons built Etu Energias into a $1 billion oil empire and just blocked Chevron's $260 million deal
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Qatar's billionaire Al-Khayyat family is bidding to build Africa's largest airport in Ethiopia
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Somali tycoon Amina Moghe Hersi's Atiak Sugar Factory has eaten $204 million and produced nothing in years. Uganda is demanding answers.
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Ghana president's billionaire brother Ibrahim Mahama accused of benefiting from gold mining reforms
Ibrahim Mahama's Engineers & Planners faces cronyism allegations as critics claim Ghana's mining reforms under his brother President John Mahama disproportionately benefit his company.
Nigeria's 2nd richest man takes delivery of $81 million Bombardier Global 8000
Abdul Samad Rabiu has taken delivery of a Bombardier Global 8000 worth $81 million (N110 billion), the world's fastest business jet, completing an order he signed in December 2025.
Nigerian tycoon Tony Elumelu named Seplat Energy chairman
Tony Elumelu will become Seplat Energy chairman in January 2027 as Effiong Okon takes over as CEO in August, completing a sweeping leadership transition at Nigeria's largest indigenous energy company.
Africa's largest bank Standard Bank takes leading role in Dangote refinery IPO
Standard Bank CEO Sim Tshabalala has pledged leading-role support for the Dangote refinery IPO and future expansion after touring the Lagos facility with senior executives.
Ghanaian tycoon Daniel McKorley's name surfaces in controversy over ministers paying for awards
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Elon Musk asked investors for $75 billion and they sent back $150 billion as the SpaceX IPO sets up a record close
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African Wealth Briefing — Tues., June 9, 2026
Patrice Motsepe loses $700 million in three months as gold turns. Three Angolan tycoons block Chevron to claim a $260 million prize.
Nigerian oil and banking tycoon Michael Prest wins again as St Kitts court voids his bank's $120,000 fine
Nigerian oil tycoon Michael Prest has won another court ruling in St Kitts and Nevis after the Court of Appeal found the banking regulator had no authority to fine his bank $120,000.
South African billionaire Mark Shuttleworth-linked Knife Capital exits VoxCroft in US intelligence deal
Knife Capital, the direct successor to Mark Shuttleworth's Here Be Dragons venture capital operation, has exited VoxCroft Analytics in a US intelligence firm acquisition.
50 Cent plots new moves after Final Lap tour closes an era
50 Cent is mapping his next commercial chapter after the Final Lap tour formally closed the Get Rich or Die Tryin era, with new touring strategy and business moves taking shape.
Marcus Rashford move to Bayern Munich pending as Manchester United pushes for deal
Marcus Rashford's move to Bayern Munich is reportedly pending as Manchester United has given the German club a deadline to commit to a £34.5 million deal for the England forward.
Detroit's Lorron James takes James Group past $1 billion with EnovaPremier acquisition
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Mohamed Salah gives initial approval to join Saudi Pro League
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Russell Wilson retires from NFL and joins CBS Sports
Russell Wilson has retired from the NFL to join CBS Sports' The NFL Today pregame show, closing a 14-season playing career that included a Super Bowl championship with the Seattle Seahawks.
Floyd Mayweather and Mike Tyson confirm exhibition fight in 2026
Floyd Mayweather and Mike Tyson have confirmed a 2026 exhibition fight, reuniting the two highest-earning boxers in history for a commercial event expected to generate massive pay-per-view revenue.
