African Wealth Briefing — Fri., April 17, 2026
Forbes counts 27 Black billionaires worth $121 billion combined and we profile the five youngest.
Australian mining billionaire Andrew Forrest battles Meta in court over fake ads
Andrew Forrest is pushing a US federal court to strip Meta of its legal immunity over fake cryptocurrency ads that used his likeness, alleging the tech giant destroyed nearly 30,000 pieces of key evidence.
Egyptian billionaire Naguib Sawiris is betting billions on UAE property in spite of the Iran war
Egyptian billionaire Naguib Sawiris has expanded his Ghantoot Bayn development to $8.17 billion and called the Iran war a temporary pause in the UAE property market's upward trajectory.
African Wealth Briefing — Thurs., April 16, 2026
Dangote makes TIME100 with Elumelu writing the tribute.
Aliko Dangote makes TIME100 for the 2nd time as Tony Elumelu writes the tribute
Aliko Dangote has been named to the 2026 TIME100 list of the world's most influential people for the 2nd time, with his profile penned by Tony Elumelu — who Dangote himself profiled on the same list six years ago.
South African billionaire Patrice Motsepe's ARC wins ruling in $195m Tanzania graphite lawsuit
The Gauteng High Court has ruled that Patrice Motsepe's African Rainbow Capital cannot be sued for $195 million by US firm Pula Group over an alleged breach of a confidentiality agreement tied to a Tanzanian graphite project, handing Motsepe a significant but partial legal victory.
Wealth Intelligence: Abdul Samad Rabiu — The Best Quarter in Nigerian Industrial History, and It Still Wasn’t Enough to Hold Third Place
Rabiu posted the best quarter in Nigerian industrial history — BUA Cement profit up 381 percent, BUA Foods proposing a record N504 billion dividend, and over $400 million flowing to him personally in a single season — and still fell to fourth on the continent.
African Wealth Briefing — Wed., April 15, 2026
Benjelloun's O Capital delivers Morocco's tallest building, Musk alleges bribery in South Africa's Starlink licensing rules, and Masiyiwa unveils a $1 billion tech city near Harare.
African Wealth Briefing — Tues., April 14, 2026
Dangote formally appoints Stanbic IBTC, Vetiva and FirstCap for his pan-African refinery IPO, Lafarge Africa votes to rebrand as HBM Nigeria after a Chinese takeover, Otedola wins Axiom Gold for his memoir, and McKinsey puts Africa's banking market at $107 billion.
Investor Memo: The $50 Billion Test — How the Dangote Refinery IPO Became Africa’s First Serious Cross-Border Listing
The Dangote Refinery IPO is not just Africa's largest equity offering — it is the first serious attempt to prove that a continental capital market can price a $50 billion industrial asset without outsourcing to London or New York, and the test lands in ten weeks.
African Wealth Briefing — Mon., April 13, 2026
The WeBuyCars brothers take JSE-listed RMH private for R654 million, Kate Fotso invests $28.3 million in a Cameroon brewery to challenge Castel Group, and Koos Bekker's Somerset hotel launches a garden festival funded by $334 million in Naspers share sales.
Kate Fotso, Cameroon's richest woman, is building a $28.3 million brewery in Souza to diversify beyond cocoa
Kate Fotso, Cameroon's richest woman and the CEO of Telcar Cocoa, is investing 17 billion FCFA ($28.3 million) in a new beverage plant in Souza in the Littoral region, her biggest push yet beyond her cocoa empire.
WeBuyCars brothers buy JSE property giant for R654 million
The billionaire brothers behind WeBuyCars are acquiring JSE-listed RMH Holdings for R654.58 million through their vehicle AttBid, with a full delisting expected by June 2026, weeks after selling R866 million in WeBuyCars shares.
Koos Bekker sold $334 million in Naspers shares to build English gardens — and now his Somerset estate is taking on Chelsea
South African billionaire Koos Bekker sold $334 million in Naspers and Prosus shares to build historic farming estates across four countries, and now his Somerset hotel is launching a nine-day garden festival to rival Chelsea.
Kirubi family's Haco Industries weighs IPO or investor for succession
Kenya's Haco Industries is exploring either an IPO or a strategic investor as the Kirubi family plans succession, while MD Mary-Ann Musangi pushes the consumer goods maker into Ghana, Nigeria and Senegal.
African Wealth Briefing — Sun., April 12, 2026
Dangote turns 69 as NNPC doubles crude supply and the $100 billion expansion plan takes shape, SARS targets high-wealth trust structures with new lifestyle audit powers, and Italy honors Naguib Sawiris.