US-sanctioned Zimbabwean tycoon Kudakwashe Tagwirei has been appointed to the Senate
Emmerson Mnangagwa has appointed Kudakwashe Tagwirei, a tycoon under US and UK sanctions, to Zimbabwe's Senate under a constitutional amendment.
Dorcas Adeodun
News Reporter
Dorcas Adeodun is a journalist covering finance, public policy, and economic development. She has more than five years of reporting experience and has worked across business reporting and institutional analysis.
Billionaire Masayoshi Son bets $12 billion on Intel, putting 67% of SoftBank's US portfolio in one name
Masayoshi Son's SoftBank has concentrated 67% of its $18 billion US equity portfolio into a single stock, committing $12 billion to Intel in one of the most concentrated big-money bets in recent memory.
Billionaire Stanley Druckenmiller dumps Intel, Micron and Broadcom and bets big on Amazon in Q2 portfolio shake-up
Billionaire Stanley Druckenmiller's Duquesne Family Office dumped its entire positions in Intel, Micron and Broadcom in the second quarter while raising its Amazon stake by more than 1,000%.
South African Reserve Bank probes DA finance chair Mark Burke's crypto firm Kastelo over R4 billion transfers
South Africa's Reserve Bank is investigating Kastelo, the crypto arbitrage firm founded by DA federal finance chair Mark Burke, over alleged exchange-control contraventions involving approximately R4 billion.
Billionaire Michael Jordan's Last Dance jersey carries a $15 million estimate at Pharrell's auction house
JOOPITER, Pharrell Williams's auction house, will sell Michael Jordan's 1998 Finals Game 3 jersey with an estimate up to $15 million.
South African billionaire Johann Rupert keeps control of Remgro as Ninety One takes 5%
Ninety One's clients have acquired 5.0156% of Remgro, worth about $310 million, though Johann Rupert's family retains voting control.
Billionaires Jeff Bezos and Facebook co-founder Eduardo Saverin buy into Liverpool FC in record $7.1 billion deal
Jeff Bezos and Facebook co-founder Eduardo Saverin have joined a billionaire consortium buying roughly 30% of Liverpool FC at a record $7.1 billion valuation, with an option to take majority control within a year.
Billionaire Dylan Taylor says humans will commute to the moon by the early 2030s
Voyager Technologies founder Dylan Taylor says humans will be living and working on the moon by the early 2030s, with resource mining and orbital data centers among the first jobs up for grabs.
Mohamed Al-Fayed trafficking victims say Met Police failed to offer them legal protection they were owed
Four women allegedly trafficked by billionaire Mohamed Al-Fayed say Metropolitan Police officers broke the law by failing to refer them to the UK's National Referral Mechanism for trafficking victims.
EFCC transfers $60 million recovered from Ernest Azudialu-Obiejesi's Nestoil to lenders
Nestoil has paid $60 million to its lenders under an EFCC-brokered plan, ten weeks after the Supreme Court dissolved its asset freeze.
Zimbabwean tycoon Billy Rautenbach may bid for the safari camp his rival was forced to leave
ZimParks will tender Chewore Lodge after courts voided Terry Kelly's lease. Billy Rautenbach's Big Five Safaris can bid for it.
Australian mining billionaire Gina Rinehart's biggest US bet is now Elon Musk's SpaceX
Gina Rinehart bought 8 million SpaceX shares worth $1.37 billion in the second quarter, making it her largest US-traded holding.
Indian billionaire Mukesh Ambani's Reliance will build fighter jet engines with Rolls-Royce
Reliance Industries, controlled by billionaire Mukesh Ambani, will partner Rolls-Royce on engines for India's fifth-generation fighter jet.
Elon Musk's SpaceX turns Alphabet's $900 million investment into $94 billion, a 100-fold return in 10 years
Alphabet's $900 million bet on SpaceX in 2015 has grown more than 100-fold to $94 billion, making Google's parent the largest single institutional holder of Elon Musk's rocket company.
South African billionaire Christo Wiese says the infamous Stellenbosch Mafia controls nothing
Christo Wiese told a conference that members of the so-called Stellenbosch Mafia may be mafiosi but control nothing in South Africa.
South African billionaire Patrice Motsepe says only an election can remove FIFA's Infantino
CAF president Patrice Motsepe says FIFA's 211 members should decide Gianni Infantino's future at the ballot box, not his critics.