African Wealth Briefing — Thurs., July 9, 2026
Aliko Dangote picks Lamu for a $17 billion Kenyan refinery — his second continental-scale bet in a fortnight. Michiel le Roux borrows $402 million against his Capitec shares.
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Aliko Dangote picks Lamu for a $17 billion Kenyan refinery — his second continental-scale bet in a fortnight. Michiel le Roux borrows $402 million against his Capitec shares.
Businessman Sandile Zungu, the AmaZulu owner, has confirmed he will challenge Danny Jordaan for the South African Football Association presidency in September.
Naguib Sawiris is adding about $10 million to his Giza pyramids overhaul, funding 30 electric buses and a 15,000-seat sports pavilion.
A lawyer suing Tyler Perry on behalf of two accusers now alleges in a court filing that the billionaire abused "many other" aspiring male actors.
Patrice Motsepe's African Rainbow Capital says a Johannesburg court cleared it of contract claims in a $195 million Tanzanian graphite dispute.
Johann Rupert and the Oppenheimer family have poured billions into South African horse racing, building rival stud farms and saving the sport.
Aliko Dangote has selected Lamu for a $17 billion, 700,000-barrel-a-day refinery, with soil tests and engineering work already under way.
A video of Zimbabwean businessman Wicknell Chivayo celebrating Mnangagwa's term extension aboard a private jet has sparked a lively online debate.
Michael Jordan has extended his 35-year Upper Deck partnership, becoming the card maker's first Legacy Partner in a deal of undisclosed value.
Ravi Jaipuria's Varun Beverages is entering Kenya with a $32 million deal for the dairy, juice and water business of a family-owned company.
Billionaire John Arnold's foundation has awarded $2.6 million to 12 universities and think tanks studying how online sports betting harms users.
Nassef Sawiris and Wes Edens have made almost all of Aston Villa's academy players available for sale to comply with new spending rules.
Kenyan investors want Mauritius' top court to let them arbitrate against Stephen Jennings' Rendeavour over dilution of their Tatu City stakes.
Julius Rone's UTM FLNG signed a 15-year deal with NNPC and Seplat for feed gas, clearing a hurdle to Nigeria's first floating LNG.
Axsome Therapeutics, led by Haitian-born billionaire Herriot Tabuteau, has dosed the first child in a Phase 3 trial of solriamfetol for ADHD.
Capitec co-founder Michiel le Roux has raised about $402 million by refinancing a loan secured against 1.37 million shares in his own bank.