Nigerian billionaire Aliko Dangote earmarks $50 billion for investments through 2030
Aliko Dangote says his group has set aside $50 billion for investments between 2026 and 2030, and vows to tackle Africa’s energy deficit.
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.
Australian billionaire Shaun Bonett’s Precision Group wins approval for $300 million Brisbane hotel tower
Shaun Bonett’s Precision Group has cleared approval for a 51-storey, 284-room luxury hotel in Brisbane’s CBD, with an eye on the 2032 Olympics.
German billionaire heir Max Viessmann buys $281 million stake in Bayern Munich Meta
Max Viessmann's family investment firm is taking a 6.7% stake in Bayern Munich, joining Adidas, Allianz and Audi as shareholders in Germany's biggest club.
American billionaire Elon Musk invests $1 billion in Hollywood giant Skydance
Elon Musk has invested about $1 billion in Skydance, giving the debt-heavy owner of Paramount and Warner Bros. fresh cash as it cuts costs.
Egyptian billionaire Naguib Sawiris launches own hotel brand with $112 million Mykonos resort
Egyptian billionaire Naguib Sawiris is passing over global hotel chains and launching his own ultra-luxury brand, starting with a €100 million resort on Mykonos.
Madagascar billionaire Hassanein Hiridjee’s AXIAN lands $62 million for Ivory Coast solar plant
A solar plant in northern Ivory Coast co-owned by Hassanein Hiridjee's AXIAN has secured up to €55.5 million in 20-year loans from Dutch lender FMO.
Indian billionaire Lakshmi Mittal nears $610 million sale of South African steelmaker
South Africa's state development lender will pay R3 billion in cash and take on R7 billion of debt to control ArcelorMittal South Africa.
Nigerian billionaire Wale Babalakin settles 20-year fight over his Lagos airport terminal
Nigerian lawyer and businessman Wale Babalakin has signed a settlement with the government, ending a two-decade dispute over the Lagos domestic terminal his company built.
Indonesia’s richest billionaires lose $5.9 billion as MSCI warning triggers record two-day stock rout
Robert Budi Hartono, Prajogo Pangestu and Low Tuck Kwong lost a combined $5.9 billion after MSCI’s downgrade warning triggered a record two-day Indonesian stock rout.
Jailed Angolan tycoon Carlos São Vicente's wife fights to unfreeze Portugal bank accounts
The wife of jailed Angolan tycoon Carlos São Vicente is fighting in Lisbon to unfreeze dozens of family bank accounts that Angola wants handed over.
Indian billionaire Mukesh Ambani's Reliance asked by US to refine more Venezuelan oil
US Secretary of State Marco Rubio says Washington wants Mukesh Ambani's Reliance Industries to refine more Venezuelan crude and look at producing oil in Venezuela.
South African billionaire Koos Bekker faces backlash over 2,700-acre estate in England
Villagers around Koos Bekker's Newt hotel in Somerset have started a petition over pesticides and blame the estate for floods and drying streams.
South African tech tycoon Jens Montanana's Datatec stake tops 20% after special dividend
Most Datatec shareholders chose new shares over cash in a $429 million special dividend, pushing founder Jens Montanana's stake in the IT group above 20%.
American billionaire Eric Schmidt’s 1% Anthropic stake could be worth up to $20 billion at IPO
Eric Schmidt owns about 1% of Anthropic from a 2021 investment, a stake worth up to $20 billion at a $2 trillion IPO valuation.
American billionaire Warren Buffett's Berkshire Hathaway puts $595 million into homebuilder Lennar
Berkshire Hathaway, the conglomerate built by Warren Buffett, spent about $595 million on Lennar shares in a two-week buying run, lifting its stake to 12%.
Canadian garbage billionaire Patrick Dovigi’s GFL nears $30 billion sale
Groups led by KKR, Blackstone and Brookfield are bidding to take Patrick Dovigi's GFL Environmental private, in a deal worth over $30 billion with debt.