Decade-long UK corruption case collapses as former Nigerian oil minister cleared
Jury at Southwark Crown Court acquits Diezani Alison-Madueke and her two co-defendants of every charge, ending a case that took more than a decade to reach trial
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Nigerian billionaire Femi Otedola's First HoldCo completes $32.8 million capital raise
Femi Otedola's First Bank has completed a N45 billion ($32.8 million) private placement tranche as FirstHoldCo moves toward a shareholder approved N1 trillion capital base.
Kenyan billionaire Manu Chandaria to build a centre honoring late prime minister Raila Odinga
Kenyan industrialist Manu Chandaria has signed an agreement with the Kenya School of Government to build a regional leadership and governance centre honouring the late Raila Odinga.
Burkina Faso tycoon Idrissa Nassa's Coris Holding secures $86.7 million from BIDC to boost small business lending
Idrissa Nassa's Coris Holding has secured an €80 million credit line from West Africa's development bank to expand lending to small and medium enterprises across the region.
Namibian tycoon Quinton van Rooyen's Trustco faces a formal legal demand to replace its entire board
Quinton van Rooyen's Trustco Group has received a formal legal demand from a major shareholder to convene a meeting and replace its entire board.
James Mwangi's Equity Group opens its first pharmacy in a push for cheaper medicine in Kenya
James Mwangi's Equity Group has opened its first pharmacy outlet in Kenya, aiming to lower medicine costs and cut the pharmaceutical share of health insurance claims.
Robert Gumede's Vision Group seals a deal with the IDC that saves Tongaat Hulett from liquidation
Robert Gumede's Vision Group and South Africa's IDC have sealed a rescue deal that averted the liquidation of 134-year-old sugar producer Tongaat Hulett hours before a court hearing.
Ex-Nigerian Oil Minister Alison-Madueke cleared of bribery by London jury
A London jury has cleared Diezani Alison-Madueke of all bribery charges after a five-month trial, closing an eleven-year chapter for Nigeria's former oil minister.
Egyptian billionaire Naguib Sawiris joins the $2 million pre-seed round of UAE fintech Sovra as an early backer
Egyptian billionaire Naguib Sawiris has joined a $2 million pre-seed round in UAE fintech Sovra, a self-custodial global dollar account platform.
Alicia Keys turned 16 Grammys into a $75 million music and beauty empire
Alicia Keys grew up in a one-room Hell's Kitchen apartment and turned 16 Grammys into a music, beauty and Broadway empire worth millions.
Drake built a $400 million empire and then sued the label that made him
Drake built a $400 million empire spanning music, real estate and a $100 million gambling deal, then filed an 81-page lawsuit against the label that made him a star.
$28 million haunted villa Samuel Eto'o swears he never bought
Samuel Eto'o earned roughly $95 million, but the most famous mansion attached to his name is a cursed Portofino villa he insists he never bought.
Pharrell Williams turned Virginia Beach evictions into a $250 million cultural empire
Pharrell Williams went from childhood evictions and a first paycheck from McDonald's to a $250 million empire as Louis Vuitton's creative director and one of music's greatest producers.
African Wealth Briefing — Wed., June 17, 2026
Johann Rupert crosses $20 billion on the Bloomberg index, the second African to do so. Hassanein Hiridjee's AXIAN Energy raises $60 million to green Africa's power.
Ghana's president faced questions in Britain about his billionaire brother Ibrahim Mahama's growing mining empire
A controversy over Ibrahim Mahama's expanding mining interests followed his brother President John Mahama to London where he met King Charles and Prime Minister Keir Starmer.
Morocco's billionaire prime minister is fighting bills to cap fuel prices in his own industry
Morocco's billionaire Prime Minister Aziz Akhannouch is opposing opposition bills to cap fuel prices and nationalise the Samir refinery in a market he controls through Afriquia.