Nigerian billionaire Adebayo Ogunlesi backs South Africa with $28 billion BlackRock infrastructure push
Adebayo Ogunlesi says BlackRock's $28 billion South Africa exposure is set to grow as private capital bets bigger on Africa's infrastructure.
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Mining mogul MySol joins Black Coffee and Christo Wiese's daughter on Africa's most expensive street after a $13 million million Clifton buy
Mining mogul MySol paid R220 million for a Clifton villa on Nettleton Road, Africa's most expensive street. Here is who else lives there.
African Wealth Briefing — Thurs., May 14, 2026
Norway's $1.9 trillion sovereign wealth fund acquires 5 percent of Patrice Motsepe's ARM; Femi Otedola adds $31.6 million in FirstHoldCo shares; Equity's James Mwangi names three barriers Africa must fix.
Mauritius investigators accelerate the money trail probe linking Malagasy tycoon Mamy Ravatomanga to the HITA oil refinery scandal
Mauritius investigators are tracing new money trails connecting jailed Madagascar tycoon Mamy Ravatomanga to the HITA industrial oil refinery scandal.
Oando CEO Wale Tinubu says he would rather fire a loyal employee who stopped growing than one who makes mistakes
Oando Group CEO Wale Tinubu sparked debate by saying he would fire a loyal but stagnant employee rather than one who makes mistakes but keeps growing.
Malagasy billionaire Hassanein Hiridjee's AXIAN secures 300 million euros from Proparco to expand energy infrastructure across Africa
Hassanein Hiridjee's AXIAN Group signed a 300 million euro deal with Proparco to accelerate digital and energy infrastructure across Africa over three years.
Aliko Dangote rejects NNPC bid to raise its stake in 20-billion-dollar Lekki refinery
Aliko Dangote has turned down NNPC's bid to lift its 7.25% stake in his $20 billion Lekki refinery, planning a public listing instead.
Angolan banker Alvaro Sobrinho is back under scrutiny in Portugal over billions that vanished from BES Angola
CNN Portugal has renewed focus on Alvaro Sobrinho and the disappearance of billions from BES Angola, reviving scrutiny of one of Lusophone Africa's biggest financial scandals.
Nigerian billionaire Abdul Samad Rabiu says Africa is protecting the wrong people and his Mali sugar deal proves it
BUA Group chairman Abdul Samad Rabiu says African governments are protecting rent-seekers over producers, using a blocked Mali sugar deal as his evidence.
Nigerian tycoon Arthur Eze's Oranto Petroleum loses another block as Uganda rejects permit renewals over lack of work
Arthur Eze's Oranto Petroleum has lost block B3 in South Sudan after Juba refused to renew the permit over a lack of mandatory work on the site.
Ken Sharpe's Millennium Heights is selling out fast as Harare investors chase Airbnb returns
Ken Sharpe's Millennium Heights has sold 366 of its 1,000 planned Harare apartments as investors target Zimbabwe's growing short-term rental market.
Africa CDC and Stephen Saad's Aspen strike talks on a plan to end Africa's vaccine import dependency
Africa CDC and Aspen Pharmacare announced advanced talks on a long-term vaccine supply framework on the sidelines of the Africa Forward Summit in Nairobi.
Billionaire Zak Calisto's Karooooo delivers record earnings in FY2026 and raises dividend 20% as Cartrack accelerates across Africa
Karooooo posted record subscription revenue and adjusted EPS in FY2026, with Cartrack South Africa accelerating to 23% ARR growth and a 20% dividend increase declared.
Tanzania's richest man Mohammed Dewji plans $50 million Mombasa plant to take on Coca-Cola in Kenya
Mohammed Dewji's MeTL Group plans a Sh6.5 billion ($50 million) soft drinks factory in Mombasa to sell Mo Cola at Sh15 a bottle, directly challenging Coca-Cola's dominance in East Africa's biggest economy.
Femi Otedola pushes his First HoldCo stake toward 20% with a fresh N43 billion purchase
Femi Otedola has made a fresh N43 billion open-market purchase of First HoldCo shares, his biggest single acquisition since taking the chairman's seat in 2024.
Norway's sovereign wealth fund acquires 5% stake in South African billionaire Patrice Motsepe's ARM
Norges Bank, manager of Norway's $1.8 trillion sovereign wealth fund, has disclosed a 5.02% stake worth approximately R3 billion in Patrice Motsepe's African Rainbow Minerals.