Kenyan billionaire Humphrey Kariuki takes Africa's Great Blue Wall push to Monaco
Kenyan billionaire Humphrey Kariuki used a major Monaco ocean forum to call for scaled investment in Africa's Great Blue Wall marine conservation initiative.
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Kenyan billionaire Mohamed Jaffer just locked up Mombasa's grain monopoly for another 20 years
Kenya tycoon Mohamed Jaffer has secured a 20-year lease renewal at the Port of Mombasa, extending his monopoly grip on bulk grain imports into East Africa.
South African tech billionaire Mark Shuttleworth says Ubuntu 26.04 is built for the AI agentic era
Canonical's Mark Shuttleworth says Ubuntu 26.04 LTS is purpose-built for the AI agentic era, as the company announced a landmark partnership with NVIDIA at Computex 2026.
Vincent Bolloré sold his African ports empire for €5.7 billion. African communities are now going after every bank that helped him do it
A coalition of African NGOs is pursuing Morgan Stanley, HSBC, Société Générale and Crédit Mutuel over their roles in Vincent Bolloré's €5.7 billion sale of his African ports empire to MSC, alleging the transaction laundered proceeds of corruption.
Katlego Maphai exits Yoco after a decade as South African fintech appoints European banker as its first outside CEO
South African payments fintech Yoco has handed the CEO role to an external executive for the first time in its 11-year history.
More than 200 Mohamed Al Fayed survivors will meet Keir Starmer today. Some are already tempering their expectations
More than 200 survivors of Mohamed Al Fayed's alleged sexual abuse are meeting UK Prime Minister Keir Starmer on June 3 in what groups describe as the first time a sitting prime minister has engaged directly with survivors tied to a single institution.
African Wealth Briefing — Wed., June 3, 2026
Jim Ovia's Zenith Bank stake climbs to $643 million as the naira firms. Ghana's Kasapreko closes its GH¢700 million IPO ahead of a June 17 listing.
LeBron James is about to hit free agency and his $1.4 billion empire is what's really at stake
LeBron James has entered free agency and wherever he lands next, the bigger story is what happens to the $1.3 billion empire built around him.
Ghana sues Jospong founder Siaw Agyepong over $2 million claimed gap in a $178 million road contract
Ghana's Attorney-General has filed a lawsuit against Jospong founder Joseph Siaw Agyepong and his firm J.A. Plant Pool over a $2 million gap in a $178 million road contract.
Ghanaian Civil society backs tycoon Ibrahim Mahama's Damang mine takeover as legal and governance questions mount
A Ghanaian civil society group has backed Ibrahim Mahama's Engineers and Planners over the Damang Mine takeover as governance questions and a legal battle continue to escalate.
Stellenbosch FC fans ask billionaire owner Johann Rupert to spend more money on the club
Stellenbosch FC's birthday tribute to billionaire owner Johann Rupert prompted an immediate wave of fan debate over his level of investment in the club.
King Mswati III raised €12.8 million in a single day to rescue the 79-nation OACPS from financial collapse
King Mswati III raised €12.8 million in a single day at the OACPS Summit in Malabo, rescuing the 79-nation organisation from a financial crisis that threatened its existence.
Nigerian lawmakers reject move to break up Tompolo's Tantita pipeline contract
Nigerian lawmakers and Niger Delta stakeholders have formally rejected calls to decentralise Tompolo's Tantita pipeline surveillance contract, backing a long-term extension instead.
James Mwangi's Equity Group signs landmark ITC deal to unlock trade finance for East Africa's coffee, leather and creative sectors
Equity Group and the International Trade Centre have signed a partnership to unlock trade finance for East African small businesses in coffee, leather and creative industries.
Tycoon Tony Elumelu's Heirs Insurance hits two million customers, ranks among Africa's fastest-growing companies in 5 years
Tony Elumelu's Heirs Insurance Group has reached two million customers and ranked seventh on the Financial Times Africa fastest-growing companies list for 2026.
Nigerian cement billionaires win big as Dangote, BUA and Lafarge post $554 million in combined Q1 profits
Nigeria's three biggest cement producers posted a combined N762.97 billion in first-quarter profits in 2026, a 57 percent jump driven by elevated cement prices.