MacKenzie Scott pours $385 million into Africa: who got it and what’s working
Between 2019 and 2024, MacKenzie Scott gave $385 million to Africa-based groups. We track the ten biggest beneficiaries and what’s changed.
Editorial Team
Raila Odinga’s quiet business empire: energy, real estate and strategic stakes
Odinga’s passing throws fresh attention on a low-profile business empire built around energy, manufacturing and family-run holding structures.
Inside the secretive succession of Rwandan tobacco billionaire Tribert Rujugiro’s empire
When Tribert Rujugiro Ayabatwa died in Dubai in April 2024, he left more than a fortune. From Uganda to Angola, his Pan-African tobacco empire—built on power, politics, and secrecy—passed to his heirs. The story of one of Africa’s most elusive fortunes enters a new chapter.
betPawa posts record $111 million profit in 2024
BetPawa, the African mobile betting platform founded by Kresten Buch, reported its biggest annual profit yet on surging digital wagers.
Tetracore Energy Group expands board, welcomes Oscar Onyema, Aisha Balewa, and Ayodele Oni to strengthen vision for Africa’s energy future
Tetracore Energy Group has appointed Oscar N. Onyema OON, Aisha Balewa Abubakar, and Dr. Ayodele Oni to its Board of Directors.
Tetracore Energy Group announces the appointment of Dayo Williams to Managing Director, subsidiaries
Tetracore Energy Group has appointed Mr. Dayo Williams as Managing Director of its subsidiaries, reinforcing the Group’s commitment to leadership excellence and innovation in Africa’s energy sector. With
Court freezes account of Nigerian tycoon Abdullahi Bashir-Haske’s firm Mars Aviation in alleged NNPCL contract scandal
A court in Abuja froze a Mars Aviation bank account as anti-graft investigators probe alleged sham oil-sector contracts tied to Abdullahi Bashir-Haske.
Tanzania moves to seize tea assets from Africa’s youngest billionaire Mo Dewji
Facing political and financial pressure, Tanzania moves to seize MeTL’s tea assets in a high-stakes showdown with Africa’s youngest billionaire.
Nigerian oilman Wale Tinubu gets lifetime award at Africa Energy Week as local champions gain spotlight
Oando chief Wale Tinubu was honored with a lifetime achievement award at Africa Energy Week for shaping indigenous energy growth.
SportPesa investor Asenath Wacera back in spotlight amid renewed scrutiny
A viral blog thrusts SportPesa investor Asenath Wacera into view, reviving her early role as the widow of ex-Nairobi mayor Dick Wathika.
Nigerian tycoon Tein Jack-Rich’s Belemaoil struggles as wife’s Elin Air takes off
Belemaoil struggles with low output on OML 55 while Elizabeth Jack-Rich’s Elin Group gains ground in Nigeria’s aviation sector, redefining the Jack-Rich business empire.
From Local Heroes to Global Stars: How African Footballers Are Shaping the Future of the Sport
How have African footballers emerged as the future of the sport? Find out how they’ve gone from local heroes to global stars.
Tony Elumelu set to pocket $1.11 million dividend as UBA profit climbs in H1 2025
Tony Elumelu nets over US$1.1 million as UBA posts modest profit growth and boosts asset base in tough economic climate.
Mr Eazi’s Choplife Gaming pays $11.7 million in Rwandan taxes as his African empire expands
Nigerian star Mr Eazi reveals Choplife Gaming has paid RWF 17 billion in Rwanda taxes since 2022, highlighting his growing footprint beyond music.
Tony Elumelu's UBA faces Ghana FX ban
The Bank of Ghana has suspended UBA Ghana’s foreign exchange licence, piling pressure on Tony Elumelu.
MTN & Airtel Money: Instant Deposits and Smooth Cashouts on 1Win Uganda
MTN & Airtel Money for Fast 1Win Uganda Payments