Nigerian billionaire Oba Otudeko's Honeywell Group acquires 14% of Ikeja Hotel
Oba Otudeko's Honeywell Group has acquired a 14 percent stake in Ikeja Hotel Plc, valued at approximately N13.2 billion at current market prices.
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Black billionaire Magic Johnson's LAFC sells Grasshopper stake as Euro bet fails
Magic Johnson's LAFC has sold its minority stake in Switzerland's Grasshopper Club Zurich after the historic Swiss club struggled on and off the pitch under American co-ownership.
Elon Musk denies WSJ report SpaceX showed investors secret AI device
Elon Musk has called a Wall Street Journal report that SpaceX showed investors a prototype AI device before its IPO utterly false in a post on X.
French prosecutors fly to Mauritius to question Madagascar tycoon Mamy Ravatomanga
France's Parquet National Financier has sent prosecutors to Mauritius to personally question Mamy Ravatomanga as his legal troubles continue to expand across Madagascar, Mauritius and France.
African Wealth Briefing — Thurs., July 2, 2026
Johann Rupert's Remgro takes full control of Mediclinic in a $947 million deal. OCI's board backs Nassef Sawiris' bid to take the company private.
Billionaire Johann Rupert has helped give 24,000 South Africans the title deeds to their own homes through a quiet land reform programme
Johann Rupert is the biggest sponsor of Khaya Lam, the Free Market Foundation's land titling programme that has transferred more than 24,000 title deeds to underprivileged South Africans.
Billionaire Strive Masiyiwa joined South Africa's president at Google's first Africa cloud summit as the continent races to catch the AI wave
Strive Masiyiwa joined President Cyril Ramaphosa at Google's inaugural Africa Cloud Summit in Johannesburg as the continent accelerates its push into cloud computing and artificial intelligence.
South African billionaire Christo Wiese says he refuses to live like a prisoner and has no plans to leave despite the country's crime crisis
South African billionaire Christo Wiese says he refuses to live like a prisoner and has no intention of emigrating despite the country's persistent crime and security challenges.
South African billionaire Christo Wiese is still deploying capital at 84 with a fresh R350 million investment
Christo Wiese's Titan Premier Investments has made a R350 million capital investment in Preference Capital as South Africa's most active billionaire investor keeps deploying capital.
OCI board recommends billionaire Nassef Sawiris' EUR 4.10 takeover offer
OCI Global's board has formally recommended Nassef Sawiris' EUR 4.10 all-cash takeover offer and agreed to hold a shareholder vote on the proposed Orascom Construction merger.
Tanzanian billionaire Rostam Aziz meets Muhoozi in Entebbe as NMG shutdown drags on
Tanzanian billionaire Rostam Aziz has flown to Entebbe to meet General Muhoozi Kainerugaba personally, with NMG owners committing to more patriotic journalism to secure the reopening of their outlets.
Wealth Intelligence: Ivan Saltzman — The Discount Dynasty
A single Johannesburg pharmacy became a $1.9 billion retailer and South Africa’s newest billion-dollar family fortune. Now, at 75, Ivan Saltzman is handing it over — and the handover is the real test.
Deep-Dive Report: Baba Ahmadou Danpullo — The All-In Bet
Francophone Africa’s richest man is staking nearly his entire ~$900 million fortune on an airline and two airports the state could not build.
African Wealth Briefing — Wed., July 1, 2026
Aliko Dangote takes his empire to Tanzania with a 2,000-MW power-and-fertiliser plan. Cameroon's richest man bets nearly his whole fortune on an airline.
Johann Rupert's Remgro officially takes full control of Mediclinic Southern Africa in $947 million deal
Johann Rupert's Remgro has paid $947 million to take full control of Mediclinic's Southern Africa operations after the Competition Tribunal and all other regulators gave their approval.
Hassan Allam Construction wins $560 million contract to build Egypt's West Minya solar and battery storage project
Hassan Allam Construction has secured a $560 million EPC contract to build Egypt's 1,000 MW West Minya Solar Power Project with a 600 MWh battery energy storage system.