South African billionaire Zak Calisto sells $6.3 million of Karooooo stock in four days
Karooooo founder Zak Calisto sold 98,476 shares worth $6.3 million across four consecutive trading days, with the stock close to its 52-week high.
Nigerian billionaire Abdul Samad Rabiu's BUA Foods lifts half-year profit 12% to $210 million
BUA Foods lifted half-year profit 12.4% to ₦292.27 billion as gross margins widened sharply, taking Abdul Samad Rabiu's stake to $11.26 billion.
Congolese billionaire Paul Obambi wins tin permit as Congo's extractive output declines
Paul Obambi has won a cassiterite prospecting licence over 253 square kilometres in Kouilou, diversifying beyond the iron ore project he runs at Mayoko.
Media mogul Byron Allen cuts 180 BuzzFeed jobs to save $32 million a year
Byron Allen is cutting 35% of BuzzFeed's workforce, about 180 roles across BuzzFeed, HuffPost and Tasty, to save up to $32 million annually.
African Wealth Briefing — Tues., July 28, 2026
Aspen is handed a once-monthly HIV pill for 129 countries, royalty-free. Africa's biggest betting brand vanishes into an untraceable UAE firm. And the family that got rich on the wells the majors abandoned heads for a Paris courtroom.
The Inside Story: The Wells Others Left
In the early 1990s a French engineer bought an ageing Gabonese oil field that Amoco had written off. That single unwanted reservoir became the model for an $11.4 billion fortune built almost entirely on the barrels the majors abandoned across Africa.
Deep-Dive Report: Who Owns the House
Two Kenyan businessmen spent six years and a maze of holding companies fighting to control SportPesa. This week, filings showed an untraceable firm in the United Arab Emirates now holds 54% of the operator.
Wealth Intelligence: The Molecule and the Map
Merck handed Aspen the right to make a once-monthly HIV pill across 129 countries. It is the second pharma prize Africa's largest drugmaker has landed this month.
Nigerian billionaire Aliko Dangote will give a third of his fortune to charity - $11.6 billion today
Aliko Dangote will leave a third of his fortune to charity. That is $11.6 billion today, before his refinery reaches the market.
Egyptian healthcare tycoon Hend El Sherbini's $291 million take-private draws zero acceptances
IDH chief executive Hend El Sherbini's $291 million bid to take the Egyptian diagnostics group private had drawn no acceptances by July 22.
South Korean billionaire Chey Tae-won ordered to pay ex-wife $644 million in record divorce
South Korean billionaire Chey Tae-won must pay ex-wife Roh Soh-yeong $644 million in cash, the largest divorce award in the country's history.
Billionaire Jensen Huang pledges $75 million to Vanderbilt University for design college
Jensen and Lori Huang pledged $75 million to name Vanderbilt's San Francisco art college, built on the closing California College of the Arts. GHOST
Hedge Fund billionaire Ken Griffin buys historic Miami cottage for $2.98 million
Miami approved the $2.98 million sale of a 1905 cottage to Ken Griffin, handing the Citadel founder a full Brickell city block.
Nigerian billionaire Abdul Samad Rabiu's BUA Cement lifts half-year profit 80% to $237 million
Abdul Samad Rabiu's BUA Cement lifted half-year profit 80% to $237 million as bulk cement revenue jumped from almost nothing a year earlier.
The Long Game: Kirsan Ilyumzhinov's return — and the African foundation he spent three decades building
He is back on the ballot for the presidency of world chess, carrying Russia's endorsement and something no rival can assemble in a single campaign season: thirty years of relationships across a continent that now holds the deciding hand.
African Wealth Briefing — Fri., July 24, 2026
Johann Rupert walks away from a major deal and buys his own shares instead. Patrice Motsepe reopens the platinum mine he shut. And Aliko Dangote's refinery runs at half speed just as Nigeria's petrol imports triple.