Tony Elumelu Foundation is deploying $16 million to 3,200 African entrepreneurs in its 2026 cohort
Tony Elumelu Foundation is giving $5,000 each to 3,200 African entrepreneurs in 2026, deploying $16 million in total seed capital across Africa.
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UBA Group and BII sign letter of intent to explore trade finance collaboration across Africa
UBA UK and British International Investment signed an LOI to explore trade finance deals that expand working capital for African firms.
French billionaire Vincent Bolloré will stand trial in December over corruption charges tied to port deals in Togo and Guinea
French billionaire Vincent Bolloré will stand trial in December over bribery and embezzlement charges tied to African port deals in Togo and Guinea.
Patrice Motsepe's African Rainbow Capital is fighting a US company's bid to block a South African court from ruling on a $195 million Tanzania lawsuit
A US company is contesting Johannesburg high court jurisdiction in a $195 million lawsuit against Patrice Motsepe's African Rainbow Capital.
Kenyan Petroleum tycoon Jackson Chebett buys Tuju's Karen estate at auction
Stabex International chairman Jackson Kiplimo Chebett's company paid Sh450 million at auction for former minister Raphael Tuju's prime Karen property.
Ugandan billionaire Sudhir Ruparelia unveils One-10 luxury apartments in Kampala
Sudhir Ruparelia's Meera Investments is building One-10 Apartments, a 15-story luxury residential tower in Kampala's prestigious Kololo neighborhood.
African Wealth Briefing — Sat., March 21, 2026
Macron taps Tony Elumelu to lead France's Africa Impact Coalition, Rostam Aziz's gold project hits 97% recovery in Tanzania, Indian billionaire Ravi Jaipuria enters South African dairy, and Warner Music faces a Nigerian lawsuit over the Burna Boy catalogue.
Kenyan banker James Mwangi set to pocket $5.6 million dividend
Equity Group's record 2025 profit will pay CEO James Mwangi more than Sh734 million in dividends as the board raises its payout by 35%.
Zimbabwe's richest family publishes book on three decades of African philanthropy through Higherlife Foundation
Tsitsi and Tanya Masiyiwa have released a book documenting 30 years of the Higherlife Foundation's philanthropic work across Africa.
Indian billionaire Ravi Jaipuria's Varun Beverages acquires South Africa's Crickley Dairy in ZAR 238 million deal
Varun Beverages is acquiring South Africa's Crickley Dairy for ZAR 238 million ($14.3 million), marking its first move into dairy products.
French President Macron picks Nigerian tycoon Tony Elumelu to lead France's new Africa Impact Coalition ahead of the Nairobi summit in May
Emmanuel Macron has appointed Nigerian billionaire Tony Elumelu to lead France's new Africa Impact Coalition ahead of the Nairobi summit in May.
Lake Victoria Gold, backed by Tanzanian billionaire Rostam Aziz, confirms up to 97% gold recovery at its Imwelo project in Tanzania
Lake Victoria Gold, backed by Tanzanian billionaire Rostam Aziz's Taifa Mining, confirms up to 97% gold recovery at its Imwelo project in Tanzania.
Fawn Weaver's Uncle Nearest bankruptcy bid thrown out as receivership fight deepens
A federal judge dismissed Fawn Weaver's bankruptcy bid for Uncle Nearest, ruling she had no authority to file while the company is in receivership.
Warner Music Group faces Nigerian lawsuit risk over disputed Burna Boy catalogue
Warner Music Group faces Nigerian legal action over Burna Boy's early catalogue as a shareholder dispute escalates and a compliance deadline passes unanswered
Zim billionaire Strive Masiyiwa's Cassava launches Africa's first NVIDIA-powered AI factory in South Africa
Strive Masiyiwa's Cassava Technologies launches Africa's first NVIDIA-powered AI factory in South Africa, targeting Nigeria, Kenya, Egypt and Morocco.
Billionaire Abdul Samad Rabiu's ASR Africa celebrates mentorship milestone at UN women's summit in New York
Abdul Samad Rabiu's ASR Africa convened mentors and partners in New York to map the next phase of its women's mentorship program across Africa.