Canal Plus, controlled by French billionaire Vincent Bollore, lists on the JSE on June 3
Canal Plus will list on the Johannesburg Stock Exchange on June 3 as it battles declining DStv subscribers, with MultiChoice revenue falling 6% in Q1 2026.
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Standard Bank overtakes Capitec and FirstRand to become Africa's most valuable bank at R517 billion
Standard Bank closed Friday at a market cap of R517 billion, overtaking both Capitec and FirstRand to become Africa's most valuable bank on the JSE.
Aigboje Aig-Imoukhuede headlines civil service summit as foundation returns as diamond partner
Access Holdings chairman Aigboje Aig-Imoukhuede has delivered the keynote at Nigeria's 2026 International Civil Service Conference as his Foundation returned as Diamond Partner.
Byron Allen paid $25 million for a Starz stake. The network deployed a poison pill. Now he says he will buy the whole company.
Byron Allen acquired 10.7 percent of Starz for $25 million and says the network's poison pill defense will not stop him from buying the entire company.
Johann Rupert delivered €22.4 billion in Richemont sales and said he is more relaxed about the next two years than ever
Johann Rupert's Richemont posted €22.4 billion ($26 billion) in fiscal 2026 sales, up 11% at constant rates, with Cartier and Van Cleef & Arpels leading 14% jewelry growth as net profit surged 27% to €3.5 billion ($4.1 billion).
Billionaire Rihanna walks away from Puma as her revived Fenty sneaker deal ends
Billionaire mogul Rihanna has ended her revived Fenty x Puma partnership after three years, leaving her a sneaker free agent amid growing Nike sightings.
Nigerian tech tycoon Leo Stan Ekeh opens $365,000 AI center at his alma mater, a first in Eastern Nigeria
Zinox founder Leo Stan Ekeh commissioned a N500 million AI center at his Owerri alma mater, the first of its kind in Eastern Nigeria.
Aliko Dangote says the oil mafia tried to kill his refinery. He built it anyway with 67,000 workers during a pandemic
Aliko Dangote has revealed that an oil mafia blocked his $20 billion refinery for five years, tried to push it into loan default during COVID, and mobilized 67,000 workers to build what Africa had never seen before.
Johann Rupert's Richemont defies tariffs and record gold prices to post double-digit growth
Johann Rupert's Richemont grew annual sales 11% to €22.4 billion ($24.2 billion) and lifted profit 27%, shrugging off US tariffs and record gold prices.
Executive Insight: Othman Benjelloun and the Moroccan Banking Complex
Othman Benjelloun has surfaced in Billionaires.Africa coverage five times in two weeks. A 93-year-old engineer from Fez built one of Africa's most geographically distributed banking networks. What the May visibility represents.
African Wealth Briefing — Mon., May 25, 2026
Aliko Dangote's refinery exports gain momentum as regional demand surges; James Mwangi accelerates Equity Group's expansion into Central Africa; Strive Masiyiwa invests in African satellite and connectivity infrastructure.
S&P upgrades Nigeria's credit rating and names Dangote Refinery as a key reason why
S&P upgraded Nigeria's sovereign credit rating to B from B-, specifically naming the Dangote Refinery's ramp-up to near full capacity as a key driver of the country's improving economic outlook.
South African tycoon Tokyo Sexwale says the ANC presidency is dangerous and he does not want the job
South African mining billionaire Tokyo Sexwale says running for ANC president is dangerous and he does not want the role, backing Paul Mashatile to succeed Cyril Ramaphosa instead.
African Wealth Briefing — Sun., May 24, 2026
Aliko Dangote says Africa's next industrial revolution must be powered by local capital; James Mwangi targets Francophone Africa in Equity Group's next expansion phase; Strive Masiyiwa backs major African data-center expansion.
Tanzania eyes takeover of billionaire Mohammed Dewji's idle Mbeya tea estates
Tanzania's government told parliament it is negotiating a takeover of over 2,000 idle hectares of Mo Dewji's MeTL tea estates in Mbeya to restart production and protect farmers.
SpaceX IPO will make Elon Musk a trillionaire and mint at least four new billionaires from his inner circle
SpaceX filed for a $2 trillion IPO that will make Elon Musk the world's first trillionaire and turn at least four of his close allies into billionaires.
