Ugandan billionaire Sudhir Ruparelia buys Old Mutual's Kampala building
Sudhir Ruparelia has bought Old Mutual's former UAP Insurance building on Kimathi Avenue in Kampala as the insurer sells off property across East Africa.
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Billionaire Othman Benjelloun's Bank of Africa lifts first-half profit 10% to $261 million
Othman Benjelloun's Bank of Africa lifted first-half profit 10% to 2.5 billion dirhams as lower bad-loan charges offset a 37% fall in trading income.
Tanzanian billionaire Mohammed Dewji explores Uganda investment opportunities with Gen Saleh
Tanzanian billionaire Mohammed Dewji met Gen. Salim Saleh in Kampala to discuss recycling, manufacturing and food security as MeTL looks beyond Tanzania.
African Wealth Briefing — Thurs., Oct. 1, 2026
Wicknell Chivayo, Zimbabwe's most visible and most argued-over businessman, died on Wednesday evening with his wife when their helicopter crashed near Marondera.
Nigerian billionaire Aliko Dangote partners with Honeywell on $16 billion Kenya refinery
Aliko Dangote has picked Honeywell for a $300 million role in his $16 billion Kenya refinery, reusing Lekki designs to save nearly two years.
The Inside Story: The Long Game — How Femi Otedola Rotated From Oil to Power to Banking and Took the Chair of Nigeria's Oldest Bank
Femi Otedola sold his oil business near its peak, built a power company worth more than ten times its listing value, then sold that too and put the money into Nigeria's oldest bank. Five years later he is its chairman and largest owner. The strategy behind his $815 million quarter.
Deep-Dive Report: The Nigerian Quarter — Oil, Banks and a Stronger Naira Lined Up at Once, and the Investors Who Kept Buying Made Billions
Otedola up $815 million, Dangote up $2.31 billion, Dossou-Aworet up $430 million, the refinery past full capacity. Oil, bank shares and a stronger naira lined up at once. What drove Nigeria's best quarter for wealth in years, who positioned for it, and what would unwind it.
Investor Memo: The Key Man — Wicknell Chivayo's Death Leaves State Contracts in Three Countries Resting on a Company Built Around One Person
Wicknell Chivayo died three weeks after Gwanda got its notice to proceed. Solar in Zimbabwe and Eswatini, a stake in Kenya's airport: a pipeline worth hundreds of millions, resting on one man. What happens to it, and the lesson for anyone backing a founder-led contractor.
Billionaire Tyler Perry lists his $57 million Beverly Hills mansion as the Puerto Rico move gets real
Tyler Perry has put his Beverly Hills mansion on the market for $57 million, two weeks after announcing a move to Puerto Rico, with a Wyoming estate also listed.
Billionaire Gautam Adani reclaims India's richest title from Mukesh Ambani
Gautam Adani is India's richest person again, worth $112.7 billion on Forbes' 2026 list, ending Mukesh Ambani's three-year run at the top.
Why billionaire Larry Ellison paid $10 million for eight suburban Florida houses he'll never live in
Oracle co-founder Larry Ellison spent nearly $10 million on eight homes in a gated Florida suburb to house his children's tutors and household staff, the WSJ reports.
Wicknell Chivayo, 1980-2026: The Man Who Showed You Everything
He went to prison at 24, built an energy company, won close to a billion dollars of state contracts, gave away Mercedes-Benzes on camera and stood beside half a dozen presidents and a king. Wicknell Chivayo died on Wednesday in a helicopter crash, aged 45. Zimbabwe cannot agree what it has lost.
Polish billionaire Michal Solowow raises $130 million for small nuclear reactors
Polish entrepreneurs including InPost's Rafal Brzoska will invest about 500 million zloty in billionaire Michal Solowow's small nuclear reactor company.
Indian billionaire Ravi Jaipuria scraps South African dairy deal, heads to arbitration
Varun Beverages, controlled by Indian billionaire Ravi Jaipuria, terminated its R238 million Crickley Dairy deal and sent the dispute to arbitration.
Billionaire Jay-Z's firm nears deal to buy LVMH's half of Rihanna's Fenty Beauty
MarcyPen Capital Partners, co-founded by Jay-Z, could sign a deal within weeks to buy LVMH's 50% stake in Rihanna's Fenty Beauty,
Billionaire Elon Musk to co-lead Pentagon study on the future of warfare
Pete Hegseth named Elon Musk, Anduril co-founder Palmer Luckey and Newt Gingrich to lead Project Meridian, a Pentagon study on future warfare.