6 companies behind Obama adviser Robbie Robinson's $900 million MarcyPen empire
From Goldman Sachs to Obama's orbit, Robbie Robinson now leads a $900 million investment empire reshaping how diverse entrepreneurs get funded.
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Standard Chartered says Kenya's wealthy investors are moving into ESG assets and offshore markets
Kenya's high-net-worth investors are moving away from residential property into ESG assets and offshore markets, according to Standard Chartered executives speaking in Nairobi.
African Wealth Briefing — Sat., April 4, 2026
SpaceX files for a $1.75 trillion IPO that could make Musk a trillionaire, Gumede faces a R390 million fraud claim amid his Tongaat bid, McKorley loses his Kotoka terminal in a midnight raid, and Rabiu slips to fourth richest in Africa after Kirsh's $29 billion Sysco deal.
Ghanaian mogul Ibrahim Mahama's jet departs for air ambulance conversion
Ibrahim Mahama's Bombardier 604 jet, known as the Dzata aircraft, departed Ghana on April 3 for conversion into a free emergency air ambulance for all Ghanaians.
Jet Linx introduces new owner aircraft exchange to eliminate downtime for aircraft owners
Jet Linx has launched the Owner Aircraft Exchange, a new program that gives managed fleet owners access to replacement jets at cost during unscheduled maintenance events.
Nigerian billionaire Abdul Samad Rabiu drops to 4th on Africa rich list after Nathan Kirsh deal
Abdulsamad Rabiu has fallen to fourth among Africa’s richest people after Nathan Kirsh’s multibillion-dollar Sysco deal sharply lifted his fortune.
Eswatini billionaire Nathan Kirsh overtakes Johann Rupert and Abdulsamad Rabiu to become Africa's 2nd richest person
Nathan Kirsh is selling Jetro Restaurant Depot to Sysco at a $29.1 billion valuation, a deal that adds at least $10 billion to the 94-year-old South African billionaire's fortune.
Marc McMorris went from the Federal Reserve to Goldman Sachs to building a growth equity firm with 48 investments in enterprise software
Marc McMorris built Carrick Capital Partners into a growth equity firm with 48 software investments and chairs the University of Pennsylvania's endowment.
Tuoyo Louis built a $200 million venture firm investing in healthcare startups led by women and founders of color
Tuoyo Louis co-founded Seae Ventures to back healthcare startups led by underrepresented founders. The firm now manages over $200 million in assets.
Africa's richest man Aliko Dangote pledges $14.2 million to Nigeria's National Community Food Bank
Nigeria's First Lady Oluremi Tinubu has launched the National Community Food Bank Programme in Abuja, raising over N65 billion in pledges from the private sector and government to tackle child malnutrition.
Hassanein Hiridjee's Axian Energy reaches financial close on West Africa's largest solar and battery storage project in Senegal's Casamance region
Axian Energy has reached financial close on the NEA Kolda project, a 60MW solar and 72MWh battery storage plant in Senegal's Casamance region and the largest such hybrid facility in West Africa.
Tanzanian billionaire Abubakar Bakhresa inducted into the 2026 Milling Hall of Fame as Bakhresa Group's daily milling capacity reaches 8,560 tonnes
Abubakar Bakhresa, an executive director of the Bakhresa Group, has been named to the FlourWorld Museum's 2026 Milling Hall of Fame for his role in expanding East Africa's largest milling operation to 8,560 tonnes of daily capacity.
Netflix grants billionaire Strive Masiyiwa 654 stock options at $95.55 as Netflix trades near $980
Netflix has granted board director Strive Masiyiwa 654 non-qualified stock options at an exercise price of $95.55 per share, expiring April 2036.
SpaceX files for a June IPO targeting a $1.75 trillion valuation that would push Elon Musk toward trillionaire status
SpaceX has confidentially filed for an IPO targeting a $1.75 trillion valuation and a raise of up to $75 billion, which would be the largest public offering in history and push Elon Musk toward trillionaire status.
Michael Jordan earned $275 million from Jordan Brand alone in 2025 and now leads all athletes in inflation-adjusted career earnings at $4.5 billion
Michael Jordan earned $275 million from Jordan Brand alone in 2025, more than the highest-paid active athletes earned in total, lifting his inflation-adjusted career earnings to a record $4.5 billion.
GB Agboola's Flutterwave secures Nigerian microfinance banking licence after 10 years as a payments company
Flutterwave has secured a Nigerian microfinance banking licence from the Central Bank of Nigeria, allowing it to hold deposits, offer accounts and lend directly for the first time in its 10-year history.