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Nigeria's NNPC tells a court that Dangote petrol is too expensive and imports must continue
NNPC filed a counter-affidavit in Lagos arguing Dangote refinery's petrol prices are significantly high and fluctuating, and that competition from imports must continue to protect consumers.
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Kanye West's Tampa comeback drew over 1 million ticket queue entries as Bully tour demand defies European bans
Over 1 million fans entered the virtual ticket queue for Kanye West's June 26 Raymond James Stadium concert in Tampa, his first Florida show in a decade amid surging US demand for his Bully tour.
Kevin Hart breaks his silence on Hartbeat's chaos and calls the Bloomberg report clickbait
Kevin Hart appeared on The Breakfast Club on May 26 to address Bloomberg's Hartbeat investigation directly, calling the reporting clickbait and defending his restructuring decisions.
Algeria's jailed tycoon Mahieddine Tahkout faces new trial over a billion-euro fortune hidden in Switzerland and France
Jailed Algerian automobile tycoon Mahieddine Tahkout appeared before Algeria's financial crimes tribunal over new charges of money laundering and over a billion euros in assets hidden in Switzerland and France.
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The Inside Story: Canal+'s JSE Listing on June 3 and the Architecture of the New Pan-African Media Cycle
The Canal+ JSE listing arrives at a structurally distinctive moment.
Executive Insight: Standard Bank at R517 Billion — The Pan-African Banking Hierarchy Has Been Structurally Reordered
The May 25 milestone is not a one-day market event. It is the cumulative confirmation of a 24-month structural repositioning of the South African Big Four.
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.
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Jim Ovia, Ogunlesi, Mwangi and Jonah named Lifetime Achievement winners at ABLA 2026
Jim Ovia, Adebayo Ogunlesi, James Mwangi and Sam Jonah have been named Lifetime Achievement Award winners at the 16th African Business Leadership Awards 2026.
Aliko Dangote's sugar company just opened a $300 million rights issue. The naira almost killed it first
Dangote Sugar Refinery has opened a N485.9 billion ($300 million) rights issue at N60 per share, offering two new shares for every three held, in a bid to slash debt and revive its Sugar for Nigeria backward integration programme.
President of AfDB, Sidi Ould Tah, says Africa is not poor. It just has $4 trillion sitting in the wrong places
AfDB president Sidi Ould Tah has opened the bank's 61st annual meeting in Brazzaville by unveiling a plan to mobilize Africa's $4 trillion in pension and sovereign wealth funds to close a $400 billion annual development financing gap.
Robert F. Smith's $1.6 billion Vista Credit fund capped redemptions after one investor tried to exit
One large investor triggered the redemption cap at Robert F. Smith's Vista Credit fund, cutting other investors' quarterly payouts to about 50 percent.
The Inside Story: Canal+'s JSE Listing on June 3 and the Architecture of the New Pan-African Media Cycle
The Canal+ JSE listing arrives at a structurally distinctive moment.
Executive Insight: Standard Bank at R517 Billion — The Pan-African Banking Hierarchy Has Been Structurally Reordered
The May 25 milestone is not a one-day market event. It is the cumulative confirmation of a 24-month structural repositioning of the South African Big Four.
African Wealth Briefing — Wed., May 27, 2026
South Africa is the only African country in the global top 20 for billionaire growth; Hiridjee joins Jumia board; Moulay Elalamy takes 92.3% of Sweden's Arktika bank; and Anthropic pays SpaceX $1.25B/month.
Kanye West's Tampa comeback drew over 1 million ticket queue entries as Bully tour demand defies European bans
Over 1 million fans entered the virtual ticket queue for Kanye West's June 26 Raymond James Stadium concert in Tampa, his first Florida show in a decade amid surging US demand for his Bully tour.
Kevin Hart breaks his silence on Hartbeat's chaos and calls the Bloomberg report clickbait
Kevin Hart appeared on The Breakfast Club on May 26 to address Bloomberg's Hartbeat investigation directly, calling the reporting clickbait and defending his restructuring decisions.
Algeria's jailed tycoon Mahieddine Tahkout faces new trial over a billion-euro fortune hidden in Switzerland and France
Jailed Algerian automobile tycoon Mahieddine Tahkout appeared before Algeria's financial crimes tribunal over new charges of money laundering and over a billion euros in assets hidden in Switzerland and France.
Nigeria's NNPC tells a court that Dangote petrol is too expensive and imports must continue
NNPC filed a counter-affidavit in Lagos arguing Dangote refinery's petrol prices are significantly high and fluctuating, and that competition from imports must continue to protect consumers.
South Africa's Datatec posts one of its best years ever as AI drives record demand for cybersecurity and IT infrastructure
Datatec posted gross invoiced income of $8.5 billion and headline earnings per share up 56.5% in FY2026, with CEO Jens Montanana describing it as one of the strongest years in the group's history.
Egypt's billionaire El-Sewedy family eyes Cameroon investments as part of a new Algeria-Egypt industrial consortium
Egypt's Elsewedy Electric is part of a new Algerian-Egyptian industrial consortium targeting investments in Cameroon's energy and industrial sectors, according to reporting from News du Camer.
Most African boards have a strong executive bench but no CEO-ready successor, Heidrick and Struggles warns
Only four in 10 African board members feel confident their CEO succession planning leaves the organisation stronger, according to the 2026 Heidrick and Struggles CEO and Board Confidence Monitor.
Egyptian billionaire Ahmed El-Sewedy meets prime minister to map out billions in new factories and car production
Ahmed El Sewedy met Egypt's Prime Minister Madbouly on May 24 to outline Elsewedy Electric's expansion plans, including a new 80,000-vehicle-per-year automotive factory with global partners.
Madagascar billionaire Hassanein Hiridjee is formally elected to Jumia's board as the e-commerce group targets 2027 profitability
Jumia shareholders formally elected Hassanein Hiridjee to the supervisory board on May 15 with 98% support, cementing Axian's governance role as the NYSE-listed e-commerce group targets 2027 profitability.
