Norway's $1.9 trillion fund eyes partnership with Dangote Group
Aliko Dangote flew to Oslo for a fireside meeting with the CEO of the world's largest sovereign wealth fund to discuss an Africa partnership.
Kenyan tycoon David Langat's DL Group denies tea asset sale reports as financial pressure mounts
DL Group dismissed reports of a possible tea asset sale as inaccurate even as its founder faces multiple live debt actions across his core Kenyan assets.
African Wealth Briefing — Sun., May 10, 2026
Aliko Dangote targets September 2026 for the London listing of Dangote Cement, calling 2026 the busiest year of his business life as the refinery IPO, the 20,000MW power program, and the cement London debut all advance in parallel.
Aliko Dangote targets September London listing for Dangote Cement in busiest year of his business life
Aliko Dangote told the Financial Times that Dangote Cement is targeting a London listing by September with three major banks already appointed.
African Wealth Briefing — Sat., May 9, 2026
Aliko Dangote plans a London listing of $13 billion Dangote Cement, reviving the 2018 attempt; Femi Otedola makes $36.5 million in paper gains as First HoldCo surges 10 percent on record Q1 results; Cobus Loots's Pan African Resources moves on a $219 million Emmerson Resources acquisition.
The Inside Story: Rostam Aziz’s Junior Gold Bet — What the Taifa-Lake Victoria Partnership Tells Us About African Operator Capital and the Tanzanian Gold Cycle
Rostam Aziz's Taifa Group is taking equity in Toronto-listed Lake Victoria Gold and running construction at its Imwelo project — an archetype of African operator capital backing junior gold development.
Executive Insight: Nedbank Buys the Kenyatta Family’s Bank — What the $751 Million NCBA Acquisition Tells Foreign Investors About South-Africa-Driven East African Banking Consolidation
Nedbank's $751 million NCBA acquisition restructures the Kenyatta family's banking wealth and signals a working template for South-Africa-driven East African banking consolidation.
Nigerian oil tycoon Tein Jack-Rich to run for Senate
Oil mogul Tein Jack-Rich entered the Rivers West APC senatorial race and warned the party against sidelining founding members for new defectors.
African Wealth Briefing — Fri., May 8, 2026
Bloomberg ranks Rabiu as Africa's 2nd richest at $19.1 billion while Forbes still has him at 4th — and BUA Cement's 134 percent rally explains the gap; Otedola's FirstHoldCo Q1 profit jumps 72 percent to $233 million.
Algerian billionaire Issad Rebrab's Cevital launches $600 million Sugar Beet project
Cevital has launched a $600 million sugar beet farming and refining project in Algeria's Ghardaïa region, with a processing plant scheduled for 2028.
Africa to Asia was the world's fastest-growing Private Jet corridor in 2025, up 42%, VistaJet data shows
Africa-to-Asia was the world's fastest-growing private jet corridor in 2025, up 42%, with VistaJet data confirming African wealth is increasingly mobile.
Executive Insight: Dangote’s 20,000MW Bet and the $20 Billion Dividend Promise — What the IFC Conversation Tells Us About the IPO’s Real Underwriting Case
Aliko Dangote's IFC conversation with Makhtar Diop unveiled a 20,000MW power plan and a $20 billion dividend promise — a reframing of the refinery IPO into an African industrial conglomerate offering.
The Inside Story: Jaswant Rai’s Nzoia Sugar Opacity Problem — What Kenya’s Auditor-General Just Revealed About a 30-Year Lease
Kenya's Auditor-General has flagged Jaswant Rai's 30-year Nzoia Sugar lease as opaque — no handover document, no asset valuation, no public lease contract.
African Wealth Briefing — Thurs., May 7, 2026
Aliko Dangote unveils a 20,000MW power plan and a $20 billion dividend promise at the IFC; Ted Turner, the billionaire media maverick who founded CNN, has died at 87; and Kasapreko PLC launches a GH¢700 million IPO on the Ghana Stock Exchange.
Muhoho Kenyatta, son of Kenya's founding president, is revealed as NCBA's top individual shareholder with a $154 million stake
Muhoho Kenyatta, son of Kenya's founding president Jomo Kenyatta, holds 227.3 million NCBA shares worth Sh20 billion ($153.8 million), the largest disclosed individual fortune on the Nairobi Securities Exchange.
Ted Turner, billionaire founder of CNN, dies at 87
Ted Turner, the billionaire media maverick who founded CNN and revolutionised television news with the first 24-hour news channel, has died at 87.