Late Nigerian billionaire Bode Akindele's estate placed under state control in will dispute
A Lagos court has placed Bode Akindele's estate under the state Administrator-General while his first son challenges the validity of the will.
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Tanzanian billionaire Mo Dewji pledges $11.3 million to build stadium for Simba SC
Mo Dewji pledged $11.3 million for a Simba stadium, six training pitches and a residential camp, pending a decision by the club's trustees.
Angola presses Switzerland for the $900 million frozen in convicted billionaire Carlos São Vicente's accounts
Angola is again pressing Switzerland to release about $900 million frozen in accounts linked to Carlos Manuel de São Vicente, jailed since 2020.
Africa's richest man will break ground on a $16 billion Kenyan refinery by October
Aliko Dangote says groundbreaking on the 700,000 barrel-a-day Lamu refinery will take place by October, at a cost revised down to about $16 billion.
Kanye West drew 34,000 in Portugal after five European countries cancelled his tour
Kanye West performed to about 34,000 people in Portugal, after five European countries cancelled his shows and Australia refused him a visa.
Ugandan tycoon Mukesh Shukla's Kampala towers cleared for sale over debt
A Ugandan court has cleared the sale of two Kampala condominium units owned by Mukesh Shukla's Springs International Hotel over a Shs173 million debt.
Kevin Hart's Hartbeat loses bid to move its trade secrets case out of public view
A Los Angeles judge has denied Hartbeat's request to move its case against two former employees into private arbitration, keeping the dispute public.
Mounir Nakhla plans to list only MNT-Halan's Egyptian arm and keep the rest private
MNT-Halan's planned Cairo listing covers only its Egyptian arm, valued at up to $1 billion, with its Turkish, Pakistani and Gulf operations staying private.
Cameroon's richest woman Kate Fotso retakes the cocoa export lead she lost last year
Kate Fotso's Telcar Cocoa shipped 40,631 tonnes to retake Cameroon's cocoa export lead, a year after ending two decades of partnership with Cargill.
Billionaire Femi Otedola spends additional $13 million on First HoldCo shares
Femi Otedola bought 138 million more First HoldCo shares for about $13 million, taking his holding to 12.09 billion shares worth $1.14 billion.
Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
Africa's richest man Aliko Dangote has selected Kenya's Lamu Island as the site for a $17 billion refinery that would transform East Africa's fuel supply.
Elon Musk's Tesla and SpaceX commit $16.8 billion to build Terafab chip factory in Texas
Tesla and SpaceX are committing $16.8 billion to break ground on Terafab, a colossal chip factory outside Houston that could eventually cost $119 billion.
African Wealth Briefing — Fri., Aug. 7, 2026
Nicky Oppenheimer sold De Beers for $5.1 billion in 2011; the whole company is now being sold for about $1 billion — one of the best-timed exits in business history. And Femi Otedola's bank rally rolls on, his First HoldCo stake crossing $1.2 billion at a record N140.
The Inside Story: Ladi Delano — The Third Act
Ladi Delano built a premium vodka brand in China and got rich. He announced a $1 billion Nigerian investment venture that produced nothing anyone can point to. This week his third act, the mobility company Moove, raised $250 million at a $2.1 billion valuation.
Deep-Dive Report: Globacom — No Shares for Sale
Globacom turns 23 this month, and Mike Adenuga still owns every single share of it. While MTN Nigeria and Airtel Africa listed and raised billions, and 9mobile changed hands twice, Glo stayed wholly private — and slipped from a genuine challenger to a distant third.