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Good morning from Billionaires.Africa.
Here is a brief on what we published yesterday.
French billionaire Vincent Bolloré will stand trial in December over corruption charges tied to port deals in Togo and Guinea — a case that has trailed one of Europe's most powerful Africa-facing investors for nearly a decade. In South Africa, Patrice Motsepe's African Rainbow Capital is locked in a jurisdictional battle with a US company trying to block a Johannesburg court from ruling on a $195 million Tanzania lawsuit. And Tony Elumelu is deploying $16 million to 3,200 African entrepreneurs through his foundation's 2026 cohort — days after being tapped by Macron to lead France's Africa Impact Coalition.
In East Africa, Kenyan petroleum tycoon Jackson Chebett bought former minister Raphael Tuju's Karen estate at auction, and Ugandan billionaire Sudhir Ruparelia unveiled his new One-10 luxury apartments in Kampala. UBA Group also signed a letter of intent with BII to explore trade finance collaboration across the continent.
TOP STORIES
Vincent Bolloré will stand trial in December over corruption charges tied to African port deals The French billionaire faces bribery and embezzlement charges connected to port concessions in Togo and Guinea — a case that has hung over his African empire for years.
Motsepe's African Rainbow Capital fights US company's bid to block $195 million Tanzania lawsuit A US company is contesting Johannesburg high court jurisdiction in a dispute that could set a precedent for cross-border investment litigation in Africa.
Tony Elumelu Foundation deploys $16 million to 3,200 African entrepreneurs $5,000 each to 3,200 entrepreneurs across the continent in the 2026 cohort — continuing the foundation's position as Africa's largest private-sector entrepreneurship programme.
DEALS & BANKING
UBA Group and BII sign letter of intent on trade finance collaboration across Africa Tony Elumelu's UBA deepens its institutional partnerships as the bank continues expanding its pan-African footprint.
EAST AFRICA
Kenyan petroleum tycoon Jackson Chebett buys Tuju's Karen estate at auction One of Kenya's most prominent property auctions ends with a fuel magnate picking up a prime Nairobi address.
Ugandan billionaire Sudhir Ruparelia unveils One-10 luxury apartments in Kampala Ruparelia continues to bet on Kampala's high-end property market with a new luxury residential project.
This week's Investor Memo and Wealth Intelligence brief are available for Elite subscribers:
→ Investor Memo: $126.7 Billion at the Peak — What Forbes Doesn't Tell You
