Executive Insight: The New African Tax Squeeze — Why African Governments Are Now Going Hard at High-Income Individuals, And What That Means for UHNW Wealth

Elon Musk closes Twitter SEC case for $1.5 million, keeps $150 million repayment

Elon Musk has settled the SEC's lawsuit over his delayed Twitter disclosure, with a $1.5 million penalty marking the end of a three-year legal battle.

, and Ikeoluwa Ogungbangbe

May 6, 2026

Paid Members Public

West & Central Africa

Aliko Dangote reveals a 20,000MW power project and makes a $20 billion dividend promise in a wide-ranging conversation with IFC

Aliko Dangote revealed plans for a 20,000MW power project, a $20 billion dividend promise to African investors and confirmed his refinery has been tested beyond its 650,000 barrel nameplate capacity.

, and Mfonobong Nsehe

May 6, 2026

Paid Members Public

West & Central Africa

Access Holdings, controlled by Aigboje Aig-Imoukhuede, must sell down foreign subsidiaries within 12 months after new Central Bank rule

Access Holdings will reduce equity stakes in foreign subsidiaries within 12 months after the CBN ordered Nigerian banks to limit overseas equity investments to 10% of shareholders' funds.

, and Ikeoluwa Ogungbangbe

May 6, 2026

Paid Members Public

Newsletter

African Wealth Briefing — Wed., May 6, 2026

Nestoil's $2 billion bad debt forces the CBN to suspend dividends at UBA, Access, and FCMB; MTN Nigeria Q1 profit jumps 166 percent; GTCO's Segun Agbaje pivots toward payments, wealth, and ecosystem businesses; Al-Amoudi's MIDROC signs a 10-hotel Ethiopia deal with First Group Hospitality.

, and Mfonobong Nsehe

May 6, 2026

Paid Members Public

Executive Insight: The New African Tax Squeeze — Why African Governments Are Now Going Hard at High-Income Individuals, And What That Means for UHNW Wealth

This post is for subscribers on the Billionaires.Africa: Executive and Billionaires.Africa: Elite tiers

Latest

Elon Musk closes Twitter SEC case for $1.5 million, keeps $150 million repayment

Aliko Dangote reveals a 20,000MW power project and makes a $20 billion dividend promise in a wide-ranging conversation with IFC

Access Holdings, controlled by Aigboje Aig-Imoukhuede, must sell down foreign subsidiaries within 12 months after new Central Bank rule

Executive Insight: The New African Tax Squeeze — Why African Governments Are Now Going Hard at High-Income Individuals, And What That Means for UHNW Wealth

This post is for subscribers on the Billionaires.Africa: Executive and Billionaires.Africa: Elite tiers

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Latest

Elon Musk closes Twitter SEC case for $1.5 million, keeps $150 million repayment

Aliko Dangote reveals a 20,000MW power project and makes a $20 billion dividend promise in a wide-ranging conversation with IFC

Access Holdings, controlled by Aigboje Aig-Imoukhuede, must sell down foreign subsidiaries within 12 months after new Central Bank rule

African Wealth Briefing — Wed., May 6, 2026