LeBron James credits Jay-Z with teaching him how to build a business empire
LeBron James says Jay-Z, whom he met at 16, taught him how to move in business, calling the rapper a big brother whose guidance still shapes him.
Egyptian billionaire Samih Sawiris' Orascom Development secures $356 million loan for Cairo mega-project
Orascom Development Egypt, founded by Samih Sawris, has secured a $356 million syndicated loan from three top Egyptian banks to accelerate its O West project.
Court bars expansion at Kenyan billionaire Mohamed Jaffer's Mombasa oil terminal over mangrove damage
A Kenyan court has barred billionaire Mohamed Jaffer's oil company AGOL from new construction at its Mombasa terminal over alleged destruction of a protected mangrove forest.
The Inside Story: Thom Mpinganjira — Built in Grief
A hotel room in South Africa, three months long, where a banker watched his wife die of cancer. Out of it came Malawi's only cancer hospital — and the most revealing chapter in the complicated story of the country's first billionaire, Thom Mpinganjira.
Deep-Dive Report: Abderrahmane Benhamadi — Made in Algeria
A European heatwave, an AfCFTA loophole and a $1 billion family conglomerate: how Abderrahmane Benhamadi's Condor is trying to turn Algeria into an exporter of something other than oil and gas.
Wealth Intelligence: Femi Otedola — The Banker's Bet
Femi Otedola is a Forbes-listed billionaire and the author of one of the boldest bets in Nigerian banking. Yesterday his First HoldCo stake hit a record $530 million. Inside the holdings, the cash flows and the pivot behind the number.
African Wealth Briefing — Thurs., July 16, 2026
Femi Otedola's First HoldCo stake hits a record $530 million as the bank's shares surge. And Dangote's $17 billion Lamu refinery draws its first organised opposition, with Greenpeace demanding a halt.
SpaceX shares fall below $135 IPO price for the first time since debut
SpaceX shares fell below their $135 IPO price for the first time on Wednesday, leaving investors in Elon Musk's rocket company with paper losses.
Algerian billionaire Abderrahmane Benhamadi's Condor pushes deeper into African and European markets
Condor, the flagship of Algerian billionaire Abderrahmane Benhamadi's family group, is expanding exports across Africa and into Europe as demand for its air conditioners climbs.
Billionaire Herriot Tabuteau's Axsome wins FDA acceptance for narcolepsy drug
The FDA has accepted a narcolepsy drug from Axsome Therapeutics, the biotech built by Haitian-born billionaire Herriot Tabuteau, with a decision due in May 2027.
African Wealth Briefing — Wed., July 14 & 15, 2026
A low-ball buyout he fought collapsed — and Ngugi Kiuna's stake soared instead. A stalled Moroccan takeover is revived. And results season quietly rewards the patient.
African Wealth Briefing — Mon., July 13, 2026
Aliko Dangote's refinery ambitions draw a $100 million suitor as his empire keeps expanding. And a widening accountability beat closes in on fortunes from Accra to Nairobi.
Deep-Dive Report: Taking It Private
Nassef Sawiris has crossed 55% of OCI Global and won his board's backing for a €4.10 all-cash offer. Inside the take-private — and the Orascom question riding alongside it.
The Inside Story: The Comeback and the Ruin
He is worth close to $9 billion, yet absent from the Forbes list. His flagship Moroccan refinery lies in ruins. And he is quietly pouring capital back into Ethiopia. The paradox of Mohammed Al-Amoudi.
Wealth Intelligence: The Refinery Network
How Aliko Dangote's $17 billion Lamu bet turns a single plant into a continental system — and what it signals about the IPO to come.
South African billionaire Zak Calisto's Karooooo posts record results as Cartrack accelerates
Billionaire Zak Calisto's Karooooo posted record full-year results as Cartrack subscription revenue rose 19%, and it raised its dividend 20% to $1.50.