Billionaire Rostam Aziz receives top Tanzania chamber of commerce award
Tanzania's chamber of commerce handed billionaire Rostam Azizi its highest award, citing his role in investment, job creation and growth.
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Palantir billionaire Alex Karp blasts AI industry as effing insane in fiery CNBC interview
The Palantir chief, worth $12.3 billion, tore into rival AI firms on CNBC, accusing them of overcharging clients and endangering U.S. security.
Ivorian billionaire Jean-Louis Billon's Sucrivoire is the BRVM's best-performing stock in 2026
Jean-Louis Billon's Sucrivoire has surged 190 percent on West Africa's BRVM exchange in 2026, making it the region's best-performing stock despite losing $11 million last year.
South Africa's wealthy Levy brothers lose $97 million in ten months on Cell C woes
South African billionaire brothers Mark and Brett Levy have lost a combined R1.58 billion ($97.1 million) in ten months after the Cell C IPO disappointed investors.
South Africa rejects wealth tax in win for billionaires
South Africa's Finance Minister Enoch Godongwana has rejected a wealth tax, delivering a direct win to the country's billionaire class led by Johann Rupert and Patrice Motsepe.
South African billionaire Johann Rupert's Richemont completes Baume and Mercier sale to Italy's Damiani
Johann Rupert's Richemont has completed the sale of 196-year-old Swiss watchmaker Baume and Mercier to Italy's Damiani Group, ending a 38-year ownership of the historic brand.
South African superstar Tyla signs multi-million dollar deal with Jay-Z's Roc Nation
South African superstar Tyla has signed a multi-million dollar global deal with Jay-Z's Roc Nation, joining an elite roster that includes Rihanna, Tiwa Savage and Ayra Starr.
Nigerian billionaire Femi Otedola recalls N200 million donation to father's scholarship
Femi Otedola has recalled his 2005 N200 million donation to his late father Sir Michael Otedola's scholarship scheme, when the award ceremony was chaired by then Lagos Governor Bola Tinubu.
Nigerian billionaire Oba Otudeko's Honeywell Group acquires 14% of Ikeja Hotel
Oba Otudeko's Honeywell Group has acquired a 14 percent stake in Ikeja Hotel Plc, valued at approximately N13.2 billion at current market prices.
Black billionaire Magic Johnson's LAFC sells Grasshopper stake as Euro bet fails
Magic Johnson's LAFC has sold its minority stake in Switzerland's Grasshopper Club Zurich after the historic Swiss club struggled on and off the pitch under American co-ownership.
Elon Musk denies WSJ report SpaceX showed investors secret AI device
Elon Musk has called a Wall Street Journal report that SpaceX showed investors a prototype AI device before its IPO utterly false in a post on X.
French prosecutors fly to Mauritius to question Madagascar tycoon Mamy Ravatomanga
France's Parquet National Financier has sent prosecutors to Mauritius to personally question Mamy Ravatomanga as his legal troubles continue to expand across Madagascar, Mauritius and France.
African Wealth Briefing — Thurs., July 2, 2026
Johann Rupert's Remgro takes full control of Mediclinic in a $947 million deal. OCI's board backs Nassef Sawiris' bid to take the company private.
Billionaire Johann Rupert has helped give 24,000 South Africans the title deeds to their own homes through a quiet land reform programme
Johann Rupert is the biggest sponsor of Khaya Lam, the Free Market Foundation's land titling programme that has transferred more than 24,000 title deeds to underprivileged South Africans.
Billionaire Strive Masiyiwa joined South Africa's president at Google's first Africa cloud summit as the continent races to catch the AI wave
Strive Masiyiwa joined President Cyril Ramaphosa at Google's inaugural Africa Cloud Summit in Johannesburg as the continent accelerates its push into cloud computing and artificial intelligence.
South African billionaire Christo Wiese says he refuses to live like a prisoner and has no plans to leave despite the country's crime crisis
South African billionaire Christo Wiese says he refuses to live like a prisoner and has no intention of emigrating despite the country's persistent crime and security challenges.