Table of Contents
Good morning from Billionaires.Africa.
Here is a brief on what we published yesterday.
South Africa is seeking a 12-month fuel supply deal with Dangote's refinery as the Iran war chokes off Middle East supplies — a landmark moment that turns Africa's largest refinery into a continental energy supplier, not just a Nigerian one. Three weeks into the Hormuz crisis, the war is reshaping trade flows in ways few predicted, and Dangote is at the center of it.
In Ghana, the opposition has accused Ibrahim Mahama of capturing the country's mining sector less than a year after his brother returned to power — a politically charged claim that follows Mahama's bid for the Damang gold mine. In Zimbabwe, multimillionaire Simon Rudland is threatening to sue state broadcaster ZBC over allegations he bankrolled a plot to overthrow Mnangagwa. And in Mauritius, the detention of Malagasy tycoon Mamy Ravatomanga on money laundering suspicions is threatening the island's financial reputation ahead of its 2027 FATF review.
Closer to home, South African tycoon Saki Macozoma told the News24 summit that BEE must be overhauled and handed to a new generation — not scrapped.
TOP STORIES
South Africa seeks 12-month fuel supply deal with Dangote's refinery as Iran war chokes off Middle East supplies A potential game-changer for both countries — and a validation of Dangote's strategic positioning as the Hormuz crisis enters its fourth week.
Ghana's opposition accuses Ibrahim Mahama of capturing the country's mining sector Less than a year after President John Mahama returned to power, his brother Ibrahim is facing politically charged accusations over his growing dominance in Ghanaian mining.
POLITICS & POWER
Simon Rudland threatens to sue ZBC over claims he bankrolled a plot to overthrow Mnangagwa The Zimbabwean businessman has given the state broadcaster two days to retract the allegations.
Saki Macozoma says South Africa's BEE must be overhauled and handed to a new generation Speaking at the News24 On the Record summit, the tycoon argued BEE should not be scrapped but fundamentally reformed — and led by new faces.
EAST AFRICA & INDIAN OCEAN
Detention of Malagasy tycoon Mamy Ravatomanga in Mauritius threatens the island's financial reputation Ravatomanga's arrest on money laundering suspicions is raising concerns about Mauritius's standing ahead of its 2027 FATF review — a critical moment for the island's offshore finance industry.
