Late Moroccan billionaire Miloud Chaabi's heirs remain divided 10 years on
Ten years after Miloud Chaabi died, his heirs are still at odds over Ynna Holding, while the conglomerate's subsidiaries are run by independent managers.
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Nigerian pharma tycoon Fidelis Ayebae's Fidson picked to make Roche flu drug
Fidson Healthcare, founded by Fidelis Ayebae, is one of 11 drugmakers chosen to produce a generic version of Roche's influenza drug baloxavir.
Nigerian billionaire Ladi Jadesimi's LADOL to develop oil base in Liberia
Ladi Jadesimi's LADOL will help Liberia's state oil company study, build and run a shore base in Buchanan to serve offshore drilling.
Binance founder Changpeng Zhao says he's worth far less than $100 billion
Binance founder Changpeng Zhao says he is worth $10 billion to $30 billion, far below Forbes' estimate of more than $100 billion.
Egyptian billionaire Naguib Sawiris bids for five more gold blocks in Egypt
Billionaire Naguib Sawiris has bid for five more gold exploration blocks in Egypt's Eastern Desert as his Wa'al project defines an inferred 1 million ounces ahead of an October scoping study.
Cameroonian billionaire Baba Danpullo's fight with MTN Cameroon drags on
MTN Cameroon's court-frozen cash fell 53% in 2025 as its legal battle with billionaire Baba Danpullo's Bestinver group continued in the courts.
African Wealth Briefing — Mon., Oct. 5, 2026
Sudhir Ruparelia's nine-year fight over Crane Bank reaches a London courtroom today, with his family seeking at least $225 million. Morocco's royal-backed Attijariwafa is buying Société Générale out of Ghana. And Aliko Dangote is offering East African governments 30% of his Kenyan refinery.
The Inside Story: The Long Way Back — How Sudhir Ruparelia Was Expelled From Uganda at 16, Came Home With $25,000 and Built Its Largest Indigenous Bank
Expelled from Uganda at 16, Sudhir Ruparelia came home in 1985 with $25,000, opened the country's first licensed forex bureau and built its largest indigenous bank. Then the central bank took it over. As his London trial opens today, the story of the man and the bank.
Deep-Dive Report: The New Lenders of West Africa — As Société Générale Leaves Ghana, Morocco's Royal-Backed Attijariwafa Moves In
Société Générale is leaving Ghana and Attijariwafa is arriving. One by one, French banks are selling their African subsidiaries to African buyers, and the most ambitious buyer is Moroccan and royal-backed. What the shift means for who finances West Africa.
Investor Memo: The State as Shareholder — Why Aliko Dangote Is Offering East African Governments 30% of His Lamu Refinery
Aliko Dangote is offering East African governments 30% of his Lamu refinery, with Kenya weighing about $500 million for 10%. Why Africa's richest man wants states as co-owners of a $16 billion asset, what that protects, what it costs, and what building in Lagos taught him.
Elon Musk to rebrand SpaceXAI as SpaceXSI after Trump orders government to stop saying 'AI'
Elon Musk says SpaceXAI will become SpaceXSI, dropping "AI" from its name after Trump ordered federal agencies to say "Super Intelligence" instead.
Billionaire Larry Ellison lost almost $200 billion in a year.
Larry Ellison's fortune has fallen almost $200 billion in a year, and bond investors now price Oracle and Paramount, both deep in debt, as a single Ellison bet.
Indian billionaire Nikhil Kamath backs AI startup that screens children for autism
Billionaire Nikhil Kamath co-led a Rs 4 crore round in Aignosis, which uses a webcam and AI to flag children who may need autism assessment.
Britain's second-richest man David Reuben quits UK for Monaco
David Reuben, 88, has left London for Monaco, joining his brother Simon. The pair share second place on Britain's rich list with almost £28 billion.
Late Kenyan tobacco tycoon Wilfred Murungi's Mastermind assets cleared for sale
Kenya's competition regulator has cleared Signature Leaf to buy assets of Mastermind Tobacco, the cigarette maker built by the late Wilfred Murungi.
Discovery founder Adrian Gore and top executives sell $7 million in shares
Nine Discovery executives, including founder Adrian Gore, sold R117.9 million ($7.1 million) of shares after long-term incentive awards vested in September.