WPP crushes Kenyan entrepreneur Bharat Thakrar's bid to reclaim Scangroup at AGM
WPP Plc used its 56.26% controlling stake to defeat Bharat Thakrar's attempt to oust the entire WPP Scangroup board at Monday's annual general meeting in Nairobi.
Latest
Billionaire Jay-Z announces Paris and Los Angeles stadium shows for Reasonable Doubt 30th anniversary
Jay-Z has added Paris and Los Angeles stadium dates to his Reasonable Doubt 30th anniversary tour, extending a run that already includes three sold-out Yankee Stadium shows in July.
Elon Musk plans single chip factory to double all US semiconductor production
Elon Musk's Terafab targets one terawatt of annual chip output, double current US consumption, with Tesla and Intel anchoring a $122 billion SpaceX facility in Bastrop, Texas.
Ghana president's billionaire brother Ibrahim Mahama accused of benefiting from gold mining reforms
Ibrahim Mahama's Engineers & Planners faces cronyism allegations as critics claim Ghana's mining reforms under his brother President John Mahama disproportionately benefit his company.
Nigeria's 2nd richest man takes delivery of $81 million Bombardier Global 8000
Abdul Samad Rabiu has taken delivery of a Bombardier Global 8000 worth $81 million (N110 billion), the world's fastest business jet, completing an order he signed in December 2025.
Nigerian tycoon Tony Elumelu named Seplat Energy chairman
Tony Elumelu will become Seplat Energy chairman in January 2027 as Effiong Okon takes over as CEO in August, completing a sweeping leadership transition at Nigeria's largest indigenous energy company.
Africa's largest bank Standard Bank takes leading role in Dangote refinery IPO
Standard Bank CEO Sim Tshabalala has pledged leading-role support for the Dangote refinery IPO and future expansion after touring the Lagos facility with senior executives.
Ghanaian tycoon Daniel McKorley's name surfaces in controversy over ministers paying for awards
Daniel McKorley's name has surfaced in Ghana's cash-for-awards controversy as President Mahama moves to ban ministers from private award ceremonies.
Elon Musk asked investors for $75 billion and they sent back $150 billion as the SpaceX IPO sets up a record close
SpaceX has drawn $150 billion in investor demand, twice its $75 billion target, with order books closing June 10, pricing set for June 11 and trading on Nasdaq under SPCX beginning June 12.
African Wealth Briefing — Tues., June 9, 2026
Patrice Motsepe loses $700 million in three months as gold turns. Three Angolan tycoons block Chevron to claim a $260 million prize.
Nigerian oil and banking tycoon Michael Prest wins again as St Kitts court voids his bank's $120,000 fine
Nigerian oil tycoon Michael Prest has won another court ruling in St Kitts and Nevis after the Court of Appeal found the banking regulator had no authority to fine his bank $120,000.
South African billionaire Mark Shuttleworth-linked Knife Capital exits VoxCroft in US intelligence deal
Knife Capital, the direct successor to Mark Shuttleworth's Here Be Dragons venture capital operation, has exited VoxCroft Analytics in a US intelligence firm acquisition.
50 Cent plots new moves after Final Lap tour closes an era
50 Cent is mapping his next commercial chapter after the Final Lap tour formally closed the Get Rich or Die Tryin era, with new touring strategy and business moves taking shape.
Marcus Rashford move to Bayern Munich pending as Manchester United pushes for deal
Marcus Rashford's move to Bayern Munich is reportedly pending as Manchester United has given the German club a deadline to commit to a £34.5 million deal for the England forward.
Detroit's Lorron James takes James Group past $1 billion with EnovaPremier acquisition
Detroit entrepreneur Lorron James has grown James Group International past $1 billion in annual revenue after acquiring Louisville-based tire and wheel assembly company EnovaPremier.
Mohamed Salah gives initial approval to join Saudi Pro League
Mohamed Salah has given initial approval to join a Saudi Pro League club after leaving Liverpool but has conditions on salary and contract length before any deal is completed.