American billionaire Ken Griffin says AI is ‘almost certainly’ in a bubble right now
Citadel founder Ken Griffin says investors are ‘almost certainly’ in an AI bubble, but predicts the technology will create a golden era for entrepreneurs.
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Jailed Angolan tycoon Carlos São Vicente's wife fights to unfreeze Portugal bank accounts
The wife of jailed Angolan tycoon Carlos São Vicente is fighting in Lisbon to unfreeze dozens of family bank accounts that Angola wants handed over.
Egyptian fintech tycoon Mounir Nakhla's MNT-Halan valued at $775 million on stock debut
Shares of MNT-Halan, the fintech group founded and run by Mounir Nakhla, closed 6.6% above the IPO price on their first day of trading.
American billionaire Michael Bloomberg gives Democrats $80 million before US midterms
Michael Bloomberg, the billionaire founder of Bloomberg LP and former New York City mayor, has given Democrats about $80 million ahead of the November midterms.
Indian billionaire Mukesh Ambani's Reliance asked by US to refine more Venezuelan oil
US Secretary of State Marco Rubio says Washington wants Mukesh Ambani's Reliance Industries to refine more Venezuelan crude and look at producing oil in Venezuela.
American billionaire Michael Dell helps SK chairman Chey Tae-won fund $711 million divorce
A Michael Dell family fund is paying $410 million for SK Inc. shares that SK Group chairman Chey Tae-won is selling to pay his ex-wife.
South African tycoon Adrian Gore's Discovery makes second US push with Google AI
Adrian Gore's Discovery is selling its Google-built Vitality AI platform to American health plans and employers after buying Icario for up to $59.5 million.
American billionaire Larry Gies pledges another $100 million to University of Illinois
Private equity billionaire Larry Gies has pledged $100 million to match donations to the University of Illinois business school that carries his name.
American billionaire Elon Musk's SpaceX and Tesla explore $3.5 trillion merger
SpaceX and Tesla have each formed special committees to study a merger, Elon Musk said, in what would be the largest corporate deal ever.
Nigerian billionaire Aliko Dangote receives second shipment of machinery for $16 billion Kenya refinery
Nigerian billionaire Aliko Dangote’s planned $16 billion Kenya refinery has received a second shipment of 154 pieces of machinery at Lamu Port.
African Wealth Briefing — Tues., Oct. 20, 2026
Nedbank has completed its NCBA takeover, paying the Kenyatta, Ndegwa and Merali families about $319 million. Aziz Akhannouch has left office in Morocco. Stella Okoli has stepped back from running Emzor. And Dangote's refinery IPO enters its final week.
The Inside Story: From a Chemist's Shop in Somolu — How Stella Okoli Built Emzor, and Why She Is Stepping Back Now
In 1977 Stella Okoli opened a chemist's shop in Lagos with ₦5,000, using her father's house as collateral. Emzor now makes more than 140 medicines and is building what it says will be sub-Saharan Africa's first plant for active ingredients. The story of the founder, as she steps back.
Deep-Dive Report: Morocco After Akhannouch — The Billionaire Prime Minister Leaves Office, and Where Morocco's Business Elite Is Putting Its Money
Aziz Akhannouch has left office after five years as Morocco's billionaire prime minister, and his party is moving into opposition. Meanwhile Morocco's biggest fortunes are expanding into West Africa, Spain and World Cup projects. What the change means for Akwa, the banks and the builders.
Wealth Intelligence: The Kenyan Exit — What the Kenyatta, Ndegwa and Merali Families Received as Nedbank Completed Its NCBA Takeover
Nedbank has completed its takeover of 66% of NCBA. The Kenyatta, Ndegwa and Merali families receive about $319 million, mostly in Nedbank shares, and keep NCBA stakes worth another $131 million. What each family gets, what the stock-heavy terms mean, and what to watch next.
Nigerian oil tycoon Adebowale Olujimi donates solar-powered science labs to his old school
The Emadeb Energy founder paid for new solar-powered chemistry and physics laboratories at Government College, Ibadan, the school he left in 1985.
South African billionaires Johann Rupert, Patrice Motsepe back Bulls rugby boss's third term
South African billionaires Johann Rupert and Patrice Motsepe backed Willem Strauss after he won a third term as Blue Bulls Rugby Union president.