South African billionaire Koos Bekker loses $500 million as Naspers and Prosus slide 24% this year
Koos Bekker has lost nearly $500 million in 2026 as Naspers and Prosus shares fell more than 24%, erasing a January peak.
Nigerian billionaire Arthur Eze loses another license as South Sudan strips Oranto Petroleum of Block B3 for failing to drill or pay
South Sudan has declined to renew Oranto Petroleum's Block B3 licence after Arthur Eze's company failed to conduct seismic surveys, drill a single well or meet financial obligations since 2017.
Patrick Bitature's "hotels are just a laundry business" comment backfires as Ugandans remind him of his unresolved $10 million debt dispute
Patrick Bitature called hotels a "laundry business" in a viral video and was immediately met with scepticism from Ugandans who pointed to his unresolved $10 million debt dispute over hotel assets.
African Wealth Briefing — Thurs., April 30, 2026
A Kenyan court freezes David Langat's land over Sh87 million in unpaid vehicle loans, MTN Group acquires 60% stakes in MoMo and Y'ello Digital for N95 billion, and Dangote pledges 95,000 jobs as the refinery scales toward 1.4 million barrels a day.
Tanzanian billionaire Edha Nahdi commits $35 million to build 10 mother-and-child hospitals across Kenya in the largest private-sector health grant in the country's history
Tanzanian billionaire Edha Nahdi has pledged $35 million to build 10 Level 4 mother-and-child hospitals across Kenya in the largest private health grant in the country's history.
Court freezes David Langat's land in Kericho, Eldoret and Nandi over Sh87 million vehicle loan debt that the Ruto ally has been dodging since 2016
A Kenyan court has frozen 3 land parcels belonging to David Langat and his spouse after a creditor sued to recover Sh87 million in vehicle loans that have gone unpaid since 2016.
African Wealth Briefing — Wed., April 29, 2026
Dangote crosses $30 billion on Forbes for the first time, Hiridjee's Axian buys five Letshego banking units across West and East Africa, Motsepe's ARM signs a nickel deal with Boliden to restart Nkomati, and Dangote eyes Ethiopia's new stock exchange for the refinery IPO.
Aliko Dangote hits $30 billion mark on Forbes billionaires ranking for the first time
Forbes has valued Aliko Dangote at $30.3 billion for the first time, as his producing refinery closes a persistent gap between the world's two top wealth trackers.
Arthur Eze built Africa's biggest private oil portfolio by befriending presidents and almost never drilling a well, and now governments are taking their blocks back
Arthur Eze built Africa's biggest private oil portfolio by cultivating presidents and generals, almost never drilling a well, and flipping blocks to oil majors for enormous profit.
Nigerian billionaire Abdul Samad Rabiu tells Tutu Foundation fellows in Cape Town that Africa's greatness is built intentionally, one day at a time
Nigerian billionaire Abdul Samad Rabiu spoke at the Desmond and Leah Tutu Legacy Foundation in Cape Town, urging young African leaders to think beyond limitations and build intentionally.
Aliko Dangote pledges N550 million hostel to FUTO
Aliko Dangote pledged N550 million to build a student hostel at FUTO and donated N25 million to students while commissioning a clean energy lab in Owerri, Imo State.
Oprah Winfrey surprises Morehouse scholars with a private send-off as she marks 37 years of funding Black men's education at the college
Oprah Winfrey made a surprise visit to Morehouse College on Friday for an intimate send-off with graduating seniors from her scholars program, which she has funded since 1989.
The Sawiris Exit: What Africa’s Richest Man Leaving London Tells Us About Where Billionaire Wealth Is Moving
Nassef Sawiris has closed his London family office, completing a two-year exit triggered by the end of the non-dom tax status. We map the full timeline, what it means for every African UHNWI with London structures, and where billionaire wealth is moving.
Nigerian billionaire Abdul Samad Rabiu's fortune jumps $2.8 billion in weeks as record profits from BUA Foods push his wealth past $14 billion
Abdul Samad Rabiu's net worth has surged from $11.2 billion to over $14 billion in weeks, driven by an 83% rally in BUA Cement shares and record BUA Foods profits.
African Wealth Briefing — Mon., April 27, 2026
Issad Rebrab's $400 million Italian steelworks gamble collapsed and took his Brazil iron ore dream down with it, and Gideon Muriuki's Co-op Bank restructures into a holding company as it positions for regional expansion across East Africa.
Indian billionaire Gautam Adani is building an African port empire but a US bribery indictment has already cost him Kenya's biggest airport and $2.5 billion in deals
Adani Group controls Tanzania's biggest container terminal and is eyeing South Africa's ports, but a US bribery indictment already derailed $2.5 billion in Kenya deals.