Tycoon Julius Rone's UTM FLNG signs 15-year gas deal for Nigeria's first floating LNG plant
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.
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Haitian-born billionaire Herriot Tabuteau's Axsome begins Phase 3 ADHD trial in children
Axsome Therapeutics, led by Haitian-born billionaire Herriot Tabuteau, has dosed the first child in a Phase 3 trial of solriamfetol for ADHD.
South African billionaire Michiel le Roux borrows $402 million against his Capitec shares
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.
Senegalese billionaire Yerim Sow's Bridge Bank opens $118 million share sale on the BRVM
Yerim Sow's Bridge Bank has opened a $118 million offer for 20% of its shares, ahead of a listing on West Africa's BRVM exchange.
Allam family's Hassan Allam wins contract for Montage hotel and villas at Ras El-Hekma
Hassan Allam Construction has won the contract to build a 200-key Montage hotel and 96 branded villas at Egypt's Ras El-Hekma megaproject.
Olugbenga Agboola's Flutterwave takes Circle investment to expand USDC settlement in Africa
Flutterwave secured a strategic investment from Circle Ventures to embed USDC settlement into its payments network across 34 African markets.
African Wealth Briefing — Wed., July 8, 2026
Dangote's refinery overtakes the United States as Europe's top jet fuel supplier. Tony Elumelu will step down as UBA chairman after 12 years.
Nigerian-American billionaire Adebayo Ogunlesi meets Uzbekistan's president to expand BlackRock's investments
Nigerian banker Adebayo Ogunlesi met the president of Uzbekistan to discuss growing BlackRock's energy and finance investments in the country.
Tiger Woods-backed Full Swing sold to Golf Channel owner Versant for $530 million
Full Swing, the golf simulator company Tiger Woods has backed since 2015, is being sold to Golf Channel owner Versant for about $530 million.
Billionaire Patrice Motsepe plays down ANC presidency run as polls put him ahead
Patrice Motsepe played down running for ANC president, saying his contribution is best made outside politics, even as polls show him leading.
Billionaire Sheila Johnson says a bad contractor cost her $12 million building Salamander
Billionaire Sheila Johnson told the Food & Wine Classic that a bad contractor hire cost her $12 million as she built the Salamander Resort.
Nigerian businessman Wale Tinubu's Oando swings back to profit as production jumps 32%
Wale Tinubu's Oando swung to a 204.8 billion naira profit for 2025 as production rose 32%, and the company targets higher output in 2026.
Burkinabe tycoon Idrissa Nassa's Coris Bank sets up Cameroon unit as it pushes into Central Africa
Coris Bank, led by Idrissa Nassa, has incorporated a Cameroonian subsidiary and named its leaders, awaiting approval to start operations. Ghost
Aliko Dangote's refinery overtakes the US as Europe's top jet fuel supplier
Aliko Dangote's refinery shipped about 466,000 tonnes of jet fuel to Europe in June, overtaking the United States as the region's top supplier.
The Inside Story: The Seized Empire
This week, Angola begins selling shares in Unitel the telecom giant it took from Isabel dos Santos, once Africa’s richest woman. The IPO of a seized fortune, and the unresolved fight over how it was built and how it was taken.
Deep-Dive Report: Samuel Dossou-Aworet — The Corridor Builder
He ran Gabon’s oil for 13 years, built a near-billion-dollar private energy empire from Geneva and has spent a decade trying to build Benin a trade corridor to the Sahel. This week, the first trains of that dream finally moved.