Indian billionaire Gautam Adani settles SEBI ownership case for $154,000
Indian ports-to-power billionaire Gautam Adani has paid 14.8 million rupees to settle a six-year SEBI probe into shareholding rules at four group companies.
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Jay-Z and Serena Williams near a payday as their Indonesian coffee chain moves toward an IPO
Kopi Kenangan has announced a secondary share sale by existing stakeholders as it moves toward an IPO that could value it at about $1 billion.
British billionaire Lord Bamford picks his youngest son to run JCB over the heir everyone expected
Lord Bamford has appointed his youngest son George co-chairman of JCB from October, passing over elder son Jo, long seen as the heir apparent.
Wealthy Indian hotelier Jaisal Singh's SUJÁN buys two Zambian safari camps on the Zambezi
Jaisal Singh's SUJÁN has bought Chiawa Camp and Old Mondoro from Chiawa Safaris in Zambia's Lower Zambezi. Terms were not disclosed.
Nigerian tycoon Kola Karim lands $500 million from Qatar to double oil production
Kola Karim's Shoreline will use a $500 million Islamic financing package from Qatar Islamic Bank to push OML 30 past 100,000 barrels a day.
African Wealth Intelligence and Digital Economies: How Virgin Bet South Africa Reflects Shifting Capital
African wealth and private capital are shifting toward digital infrastructure and regulated online leisure, reshaping connectivity and consumer platforms.
Billionaire Aliko Dangote wins the first round as a judge refuses to halt his Lamu refinery
A Malindi judge declined to stop construction of the Lamu refinery
Kenyan tycoon Peter Muthoka pockets $19 million profit selling his airport cargo business
Peter Muthoka made a Sh2.5 billion profit selling Transglobal Cargo Centre to Turkey's Celebi for $40.1 million, roughly twice its asset value.
Indian billionaire Kumar Birla's family lifts its Grasim stake to 45.07%
The Birla promoter group bought 13.68 million Grasim shares on the open market between February 2024 and September 2026, taking it to 45.07%.
African Wealth Briefing — Tues., Sept. 29, 2026
Dangote Group says revenue reached about $17 billion in the first half and is on track to double to $36 billion for the year, from $18 billion in 2025. On the same day, Nvidia authorised another $150 billion of buybacks.
The Inside Story: The Company That Built Its Own Power Station — How the Onafowokans Turned a 1975 Trading Firm Into West Africa's Largest Cable Maker
Coleman was incorporated in 1975 and did not manufacture a cable until 1996. It is now West Africa's largest cable maker, and it spent $20 million building its own power supply to get there. Fifty years, two generations, and the real cost of manufacturing in Nigeria.
Deep-Dive Report: The Quiet Conglomerate — How Cornelis Vink Built Chivita, Sold It to Coca-Cola, and Is Now Buying the Road His Own Goods Travel On
Cornelis Vink founded Chivita, sold it to Coca-Cola, and watched UAC buy it back. Now his TGI Group is buying UAC's 43% of DP World Logistics. The logic is the oldest one in African business: own the road your own goods travel on. Inside Nigeria's least-discussed large fortune.
Investor Memo: The Doubling — Dangote Group Is on Course to Take Revenue From $18 Billion to $36 Billion in a Single Year, and the Cement Arm Is Funding Its Own Expansion
Dangote Group says revenue hit about $17 billion in the first half and is on track to double to $36 billion for the year, from $18 billion in 2025. What the number is made of, why funding 25 million tonnes of cement from cash flow matters more, and what would tell you it holds.
Billionaire Jensen Huang's Nvidia approves a record $150 billion share buyback
Nvidia authorised another $150 billion of share buybacks on Sept. 28, taking its remaining capacity to $235 billion through fiscal year 2028.
Billionaires Alisher Usmanov and Mikhail Fridman lose access to Lithuania for five years
Lithuania barred Alisher Usmanov and Mikhail Fridman for five years on Sept. 25, three days after the EU lifted its sanctions on both men.
Dutch-Nigerian billionaire Cornelis Vink buys UAC's 43% of DP World's Nigerian logistics arm
Cornelis Vink's TGI Group is buying UAC of Nigeria's entire 43% holding in DP World Logistics, in a deal disclosed to the exchange on Sept. 24.