African Wealth Briefing — Sun., April 5, 2026
Obama adviser Robbie Robinson built a $900 million platform backing diverse founders after years advising America's richest families — we profile the six companies behind his MarcyPen empire.
African Wealth Briefing — Sat., April 4, 2026
SpaceX files for a $1.75 trillion IPO that could make Musk a trillionaire, Gumede faces a R390 million fraud claim amid his Tongaat bid, McKorley loses his Kotoka terminal in a midnight raid, and Rabiu slips to fourth richest in Africa after Kirsh's $29 billion Sysco deal.
Ghanaian mogul Ibrahim Mahama's jet departs for air ambulance conversion
Ibrahim Mahama's Bombardier 604 jet, known as the Dzata aircraft, departed Ghana on April 3 for conversion into a free emergency air ambulance for all Ghanaians.
Jet Linx introduces new owner aircraft exchange to eliminate downtime for aircraft owners
Jet Linx has launched the Owner Aircraft Exchange, a new program that gives managed fleet owners access to replacement jets at cost during unscheduled maintenance events.
Eswatini billionaire Nathan Kirsh overtakes Johann Rupert and Abdulsamad Rabiu to become Africa's 2nd richest person
Nathan Kirsh is selling Jetro Restaurant Depot to Sysco at a $29.1 billion valuation, a deal that adds at least $10 billion to the 94-year-old South African billionaire's fortune.
Africa's richest man Aliko Dangote pledges $14.2 million to Nigeria's National Community Food Bank
Nigeria's First Lady Oluremi Tinubu has launched the National Community Food Bank Programme in Abuja, raising over N65 billion in pledges from the private sector and government to tackle child malnutrition.
Hassanein Hiridjee's Axian Energy reaches financial close on West Africa's largest solar and battery storage project in Senegal's Casamance region
Axian Energy has reached financial close on the NEA Kolda project, a 60MW solar and 72MWh battery storage plant in Senegal's Casamance region and the largest such hybrid facility in West Africa.
Tanzanian billionaire Abubakar Bakhresa inducted into the 2026 Milling Hall of Fame as Bakhresa Group's daily milling capacity reaches 8,560 tonnes
Abubakar Bakhresa, an executive director of the Bakhresa Group, has been named to the FlourWorld Museum's 2026 Milling Hall of Fame for his role in expanding East Africa's largest milling operation to 8,560 tonnes of daily capacity.
SpaceX files for a June IPO targeting a $1.75 trillion valuation that would push Elon Musk toward trillionaire status
SpaceX has confidentially filed for an IPO targeting a $1.75 trillion valuation and a raise of up to $75 billion, which would be the largest public offering in history and push Elon Musk toward trillionaire status.
GB Agboola's Flutterwave secures Nigerian microfinance banking licence after 10 years as a payments company
Flutterwave has secured a Nigerian microfinance banking licence from the Central Bank of Nigeria, allowing it to hold deposits, offer accounts and lend directly for the first time in its 10-year history.
South African tycoon Robert Gumede faces R390 Million Covid-19 PPE fraud claim amid Tongaat Hulett bid
South African billionaire Robert Gumede is pursuing a takeover of Tongaat Hulett through Vision Sugar while facing a R390 million Special Tribunal claim that he masterminded a Covid-19 PPE price-gouging scandal involving SAPS.
African Wealth Briefing — Fri., April 3, 2026
Chivayo sued for $25 million and three Rolls-Royces, McKorley loses his Kotoka FBO licence in a 1am raid, 117 CSOs challenge Jimoh Ibrahim's UN posting, and Adebutu's Wema Bank stake hits N314.6 billion.
CSOs petition Nigerian President Tinubu over businessman Jimoh Ibrahim's UN posting
A 117-group civil society coalition has petitioned President Tinubu and the UN Secretary-General to review Jimoh Ibrahim's appointment as Nigeria's UN permanent representative.
Billionaire Abdul Samad Rabiu reinstates 400 sacked BUA Cement drivers and pays their three months' salary arrears
BUA Cement has reinstated 400 sacked truck drivers and agreed to pay their January to March salary arrears after an Edo monarch brokered a settlement with Abdul Samad Rabiu.
African Wealth Briefing — Thu., April 2, 2026
GTCO posts record N1.23 trillion profit, Moniepoint enters Kenya with a 78 percent bank acquisition, Innoson denies a Ghana relocation, and BET founder Robert L. Johnson quietly reclaims his billionaire status.
King Mohammed VI's Managem invests $750 million to double gold production to 500k oz
Morocco's Managem Group plans to invest $750 million to raise gold production by 134% to 500,000 ounces by the end of the decade after net profit surged 384% to $322 million in 2025.