Jay-Z breaks concert silence with freestyle dissing Drake and Kanye
Jay-Z broke six years of solo concert silence at Roots Picnic on May 30 with a freestyle apparently aimed at Drake, Kanye West and Nicki Minaj.
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Ghanaian Tycoon Paa Kwesi Nduom says GN Savings will reopen first in Elmina
Nduom says GN Savings will reopen first in Elmina, pressing ahead with the Court of Appeal's reinstatement order despite Bank of Ghana's Supreme Court challenge.
Kanye West breaks the record for largest stadium concert attendance with 118,000 fans in Istanbul
Kanye West performed to 118,000 fans in Istanbul on May 30, his first European show since 2014, claiming the record for the largest ticketed stadium concert.
Who is Chris Obure, the Nairobi tycoon seeking $59 million over eviction
Nairobi tycoon Chris Obure is suing for Sh7.6 billion after auctioneers evicted his firm from Senteu Plaza and gold bars vanished during a May 2025 raid.
Who is Ze Nxumalo, the South African businessman who paid $215,000 for a city manager's private jet trip to London
Ze Nxumalo paid R3.35 million for a private jet used by Ekurhuleni city manager Imogen Mashazi in 2022. He says he chartered it for another businessman.
Australian mining tycoon Tony Poli holds a $120 million stake in a Burkina Faso gold miner facing a government takeover demand
Anthony Poli holds 4.49% of West African Resources worth over $120 million as Burkina Faso demands a 40% stake in the company's Kiaka gold mine.
Heineken fights Kenyan beer tycoon Ngugi Kiuna over interest on $11.4 million award
Heineken is fighting Sh230 million in interest charges on Ngugi Kiuna's Sh1.47 billion distributorship award, arguing the amount was never part of original court proceedings.
Namibia's 33-year-old Miguel Hamutenya just became owner of 52 fuel stations and the country's third-largest energy retailer
Miguel Hamutenya's Nasan Energies completed its takeover of 52 Engen and Shell stations from Vivo Energy, making the 33-year-old entrepreneur Namibia's third-largest fuel retailer.
African Wealth Briefing — Sun., May 31, 2026
James Mwangi's Equity Group plans two DRC insurers as its Congo bank's profit jumps 58%. Wale Tinubu's Oando finally sets a June 12 date for its delayed 2025 audit.
Oil magnate Gabriel Ogbechie awards $36,000 in startup grants on his 60th birthday to back Nigerian entrepreneurs
Rainoil founder Gabriel Ogbechie awarded N50 million in grants to 10 Nigerian startups at a birthday symposium, each taking home N5 million from over 100 applicants.
South African property tycoon Roux Shabangu is now officially bankrupt
SARS sequestrated property mogul Roux Shabangu as his tax debt hit R221 million, closing a saga begun by a R520m police lease.
South African tycoon Sandile Zungu's Sizekhaya Holdings wins $4.9 billion national lottery contract
Sandile Zungu's Sizekhaya takes over South Africa's national lottery on June 2 but faces a court challenge from Ithuba, which says the R80bn contract was awarded unlawfully.
Idrissa Nassa's Coris and Vista Bank seek $45 million from IFC for SME lending in Senegal
Idrissa Nassa's Coris Holding and Vista Bank are jointly requesting $45 million from the IFC to expand SME lending in Senegal, separate from the $10 million Chad facility already in the pipeline for Coris.
Billionaire Robert F. Smith says $3 trillion is pouring into AI infrastructure and Vista is positioned to capture the next wave
Robert F. Smith told the XCEL Summit For Men that up to $3 trillion is being poured into AI infrastructure and that Vista Equity's private software portfolio is positioned to capture the next wave of returns.
Mohamed Al-Fayed's abuse survivors temper expectations ahead of their first meeting with UK PM Starmer
Survivors of Mohamed Al Fayed's abuse are preparing to meet UK Prime Minister Keir Starmer while tempering expectations, as the Met Police investigation now involves 154 complainants and four suspects.
Ghanaian tycoon Togbe Afede XIV tells Africa's chief executives to stop enriching themselves at shareholders' expense
Togbe Afede XIV told the 10th Ghana CEO Summit that Africa's business and corporate leaders must reject self-enrichment, conflicts of interest and corruption if the continent is to transform its economy.