Investor Memo: Hormuz Fallout & African Energy
The Strait of Hormuz is closed, Brent is above $85, and Africa's energy map is splitting into winners and losers — we break down who gains, who bleeds, and what Dangote's stress test reveals.
Aliko Dangote pledges $5 million at Dubai hunger auction that raised $24.9 million in one night
Africa's richest man pledged $5 million at a Dubai charity auction raising Dh91.4 million to rescue five million children from hunger.
BEE created Black billionaires in South Africa, but it did not create black prosperity
South Africa's BEE policy created black billionaires like Patrice Motsepe and Cyril Ramaphosa, but left tens of millions behind.
Tycoon Emeka Offor donates 181,000 medical books to Nigerian universities
Sir Emeka Offor's foundation has shipped 10 containers of medical and nursing books from the United States to Nigerian tertiary medical institutions nationwide.
Kenyan beer tycoon Ngugi Kiuna wins $11.4 million guarantee in Heineken battle
A Nairobi court has ordered Heineken to post a Sh1.47 billion bank guarantee before it can appeal the Sh1.8 billion award to Ngugi Kiuna.
Yale taps Ghana's Togbe Afede XIV to chair its global advisory council
Yale School of Management has appointed Ghanaian billionaire and paramount chief Togbe Afede XIV as chair of its Council of Global Advisors effective Feb. 16, 2026.
Moncef Belkhayat's One Retail buys Moroccan coffee chain Dahab as it targets $107 million in revenue
Moncef Belkhayat's One Retail has acquired 100% of Dahab, Morocco's coffee chain with 104 outlets, targeting MAD 1 billion in 2026 revenue.
Kenyan court issues arrest warrant for cement mogul Benson Ndeta over $35 million Absa Bank fraud
A Nairobi magistrate has issued arrest warrants for Benson Ndeta and his co-accused after they failed to appear on Sh4.5 billion fraud charges.
Ghanaian tycoon Ibrahim Mahama turns his old jet into free air ambulance
Ibrahim Mahama has donated his former private jet to Ghana as a free emergency air ambulance after taking delivery of a new $70 million aircraft.
Robert F. Smith's Vista doubles down on aviation software with fresh investment in Portside
Robert F. Smith's Vista Equity Partners is deepening its bet on aviation software company Portside and installing a new chief executive to lead its expansion.
Billionaire Naguib Sawiris says Iran's attacks on the UAE are a war against freedom and progress
Egyptian billionaire Naguib Sawiris says Iran's attacks on the UAE go beyond military strikes and target freedom and a way of life.
Tycoon Robert Gumede's Vision Group is at the center of a fight that could kill South Africa's biggest sugar company
Robert Gumede's Vision Group holds R11.7 billion of Tongaat Hulett's debt, and a Durban court must now decide if the 134-year-old sugar company lives or dies.
Chakib Alj files to take control of Forafric Maroc in deal that reshapes Morocco's flour industry
Chakib Alj's Cap Holding has formally notified Morocco's Competition Council of its plan to acquire 68% of flour and pasta producer Forafric Maroc.
Johann Rupert's Reinet is selling its UK pension firm for R65 billion and investors wonder what comes next
Johann Rupert's Reinet has cleared its last regulatory hurdle in the R65 billion sale of UK pension firm PIC, with completion set for March 27.
Tycoon Paul Fokam's Afriland First Bank is losing a $116.9 million battle in Congo
Afriland First Bank's Congo unit has $116.9 million in negative equity and its Cameroonian owner says the state took the bank without paying for it.
Dangote Sugar cuts losses by 73% as revenue surges to $432.6 million in 2025
Dangote Sugar slashed its losses by 73% in 2025 as revenue surged to N665.6 billion, signaling the worst of Nigeria's currency crisis may be easing.