African Wealth Briefing — Mon., June 8, 2026
Dangote nears $40 billion after a $6.8 billion year. Johann Rupert wins a $139 million Stellenbosch land fight.
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Nigerian Oil tycoon Ahonsi Unuigbe’s Petralon exports 350,000 barrels from Dawes Island
Nigerian independent Petralon Energy has exported over 350,000 barrels from Dawes Island after its third consecutive well lifted combined field output to 4,800 bopd.
Palantir's billionaire founder says companies are using AI all day like a porn addiction
Palantir CEO Alex Karp likened the corporate obsession with maximizing AI token consumption to a porn addiction, warning it produces no real business value.
Senator Abdulaziz Yari to chair first Geregu Power AGM after $750 million buyout of Otedola's stake
Senator Abdulaziz Yari chairs his first Geregu Power AGM on June 30, six months after a $750 million deal handed Nigeria's most valuable listed power company to a new owner.
Mr Eazi's Choplife Gaming brings its Chopwin casino platform to Namibia in latest African push
Choplife Gaming, chaired by Nigerian musician Mr Eazi, is launching its Chopwin online casino and instant gaming platform in Namibia as it accelerates continental expansion.
Tony Elumelu's Heirs Energies wins global award for landmark $750 million oil financing deal
Tony Elumelu's Heirs Energies has won Best Oil & Gas Deal of the Year for its $750 million financing with Afreximbank, one of Africa's largest indigenous energy deals.
Egypt's Talaat Moustafa Group signs MOU with Saudi Arabia's $925 billion sovereign wealth fund
Egypt's Talaat Moustafa Group has signed a landmark MoU with Saudi Arabia's $925 billion PIF to develop mixed-use real estate projects across the Kingdom.
This Moroccan woman took over her late husband's company and now runs a $430 million food and wine empire
Rita Maria Zniber married the founder of Morocco's largest private agribusiness empire in 1979, spent three decades learning it from the inside and has run it since 2014.
Kenyan billionaire Gideon Moi used his newspaper to mock Ruto and the president's allies hit back hard
Kenya's Moi family business empire is again at the centre of a fresh political clash after The Standard published a headline mocking President William Ruto.
Absa CEO Kenny Fihla's $9 million pay triggers shareholder revolt
Absa Group shareholders delivered a 43.37% vote against the bank's executive pay report at its AGM over CEO Kenny Fihla's R148 million compensation package for 2025.
South Africa's richest man wins $139 million Stellenbosch land fight against former friend
Johann Rupert has won the boardroom battle for control of The Bridge Stellenbosch after a bitter dispute with former friend Rurik Göbel over a R2.3 billion land deal.
Egyptian billionaire Naguib Sawiris wants Egypt to export its stray dogs abroad instead of culling them
Egyptian billionaire Naguib Sawiris has called for a national programme to collect, treat and export Egypt's stray dogs to countries where demand for pets exists.
Billionaire Ibrahim Mahama offers 100 jobs to Ghanaians fleeing South Africa's xenophobic attacks
Ghanaian billionaire Ibrahim Mahama has offered 100 jobs to compatriots evacuated from South Africa as xenophobic attacks push more than 900 Ghanaians to seek repatriation home.
Kanye West's $400 million empire after the Adidas fallout
Kanye West lost $6 billion when Adidas dropped him in 2022 and is now rebuilding a $400 million empire with no corporate partner and no apology.
Africa's richest man has added $6.8 billion to his fortune in 2026 and is closing in on $40 billion
Aliko Dangote started 2026 worth $30.4 billion and has since added $6.8 billion to his fortune, closing in on the $40 billion mark faster than anyone predicted.
Merali family's Sasini terminates $61 million Kenyan coffee estate sale after buyer defaults
Sasini Plc, majority owned by Kenya's Merali family, has cancelled the planned Sh7.9 billion sale of its Gulmarg coffee estate after the buyer failed to meet contractual obligations.