African Wealth Briefing — Tues., June 23, 2026
The Forbes reshuffle lifts Nicky Oppenheimer to Africa's fourth-richest. Hassan Allam wins a $727 million Waldorf Astoria contract in Saudi Arabia.
Cameroonian billionaire Paul Fokam's Afriland enters Islamic finance and sukuk
Paul Kammogne Fokam's Afriland First Group has launched financial advisory and sukuk issuance services across West Africa, deepening its Islamic finance footprint beyond Cameroon.
Nigerian billionaire Abdul Samad Rabiu relaunches BUA Rice with son in charge
Abdulsamad Rabiu's BUA Foods has relaunched BUA-branded rice into Nigerian markets as his son Isyaku Khalifa Rabiu takes charge of the group's global procurement and supply chain.
African Wealth Briefing — Mon., June 22, 2026
Africa's richest man tells Forbes it has him wrong — his refinery alone, he says, is worth $40 billion. Rupert's Richemont posts a record year, with one big caveat named China.
African Wealth Briefing — Sat., June 20, 2026
Femi Otedola tightens his grip on FirstHoldCo to 20.42%. The first cracks appear in the Musk trillionaire story as SpaceX slides.
Ivorian tycoon Jean Kacou Diagou's NSIA Group secures $34.2 million from UK development finance to expand SME lending
Jean Kacou Diagou's NSIA Banque Côte d'Ivoire has signed a €30 million facility with British International Investment to expand SME lending across the country.
South Africa's Absa Group launches $238.6 million bid to raise its stake in Absa Bank Kenya to 85 percent
South Africa's Absa Group has launched a $238.6 million tender offer to raise its stake in Absa Bank Kenya from 68.5 percent to 85 percent.
The Inside Story: The Petrol Premier
Morocco’s billionaire prime minister is fighting bills to cap fuel prices in a market his own company dominates — reviving the oldest question about him.
Deep-Dive Report: Mohammed Dewji — The Turnaround Machine
East Africa’s only billionaire built a roughly $2.1 billion fortune buying what others had given up on — and fixing it. Inside the METL playbook, the man, and the ordeal that tested both.
Wealth Intelligence: Mike Adenuga — The Quiet Colossus
Nigeria’s most private billionaire built a fortune of roughly $6.5 billion on telecoms and oil — and tells almost no one how. A full read of an empire that hides in plain sight.
A brief history of time: the life of Robert Gumede, the South African billionaire rescuing Tongaat Hulett
Robert Gumede went from caddying golf courses to building South Africa's biggest black-owned IT company. Now he is staking his reputation on rescuing Tongaat Hulett.
African Wealth Briefing — Fri., June 19, 2026
Femi Otedola's First HoldCo completes a $32.8 million raise as he tightens his grip. Manu Chandaria plans a center to honor the late Raila Odinga.
Kenya's government denies Wicknell Chivayo has any role in the $2.9 billion airport expansion deal
Kenya's Transport minister has formally denied that Wicknell Chivayo's company had any role in the KSh375 billion JKIA airport expansion contract awarded this month.
Billionaire Robert F. Smith warns companies not to let AI wipe out their intern programs
Billionaire Robert F. Smith has urged companies not to destroy internship programs as artificial intelligence increasingly reshapes entry-level work across industries.
Elon Musk brings fellow South African Roelof Botha onto SpaceX's board after record IPO
Elon Musk's SpaceX has appointed Roelof Botha, the South African born former Sequoia Capital leader, to its board days after its record $75 billion IPO.
African Wealth Briefing — Thurs., June 18, 2026
Morocco's billionaire prime minister fights bills to cap fuel prices in the industry he dominates. Hassan Allam commits $400 million to an Egyptian data center.