Nigerian billionaire Mike Adenuga turns 73: Inside the quiet legacy of Globacom's founder
Nigerian billionaire Mike Adenuga turns 73 on April 29, marking more than four decades of bold bets across telecom, oil and gas, and banking.
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Cameroon's richest man Baba Danpullo is struggling to find a buyer for his Sodecoton stake as cotton prices fall and harvest output disappoints
Weak cotton prices and a disappointing 2025 harvest are blocking Cameroon billionaire Baba Danpullo's bid to exit his minority stake in Sodecoton.
Shareholders praise billionaire Abdul Samad Rabiu's leadership as BUA Foods and Cement post record profits
Nigerian shareholders praised Abdul Samad Rabiu's governance at BUA Group as BUA Foods posted N518 billion net profit and proposed a N28 dividend, more than doubling the prior year's payout.
Uganda's richest man appoints daughter to council seat of Victoria University following his son's death
Victoria University has appointed Meera Ruparelia to its University Council, replacing her late brother Rajiv Ruparelia who died in a road accident in May 2025.
Egyptian billionaire Hisham Talaat Moustafa's TMG unveils a $27 billion AI-powered city in east Cairo with underground roads and 165 towers
Egypt's Talaat Moustafa Group has unveiled The Spine, a $27 billion mixed-use city east of Cairo billed as the first AI-powered cognitive city in the Middle East.
Elon Musk just brought Tesla robotaxis to Dallas and Houston. The market he is targeting is worth $1 trillion
Elon Musk has launched Tesla robotaxis in Dallas and Houston, expanding to four US cities as analysts peg the autonomous ridesharing market at over $1 trillion.
Meet Wale Babalakin: the lawyer who built Nigeria's best airport with private money and then spent years fighting the government to keep it
Wale Babalakin built Nigeria's finest airport terminal with private money, earned a Cambridge PhD at 25 and is one of the country's most consequential lawyer-businessmen.
MTN Nigeria vests 3.77m shares to 106 employees
MTN Group CEO Ralph Mupita has authorized the vesting of nearly four million shares to Nigerian employees to secure top West African talent.
Patrice Motsepe's African Rainbow Capital cleared of $195 million liability in Tanzania graphite lawsuit
Patrice Motsepe's African Rainbow Capital has been cleared by the Gauteng High Court of liability in a $195 million damages claim by US-based Pula Group.
Allen Onyema's Air Peace wins seven Nigerian Aviation awards, keeps West Africa sub-regional title
Allen Onyema's Air Peace took home seven honors at the 2026 Nigerian Aviation Awards, retaining its Best West Africa Sub-regional Airline title.
Rihanna, the world's youngest Black billionaire, hits 200 million RIAA singles certifications
Rihanna has become the first woman in music history to surpass 200 million RIAA singles certifications, a record set without releasing a new album in a decade.
U.S. billionaire John Arnold warns sports betting is destroying young men
Billionaire John Arnold says sports prediction markets are designed to keep young men engaged in ways that lead to debt, addiction and mental health breakdowns.
Idrissa Nassa's Coris Bank profit hits CFA103.2 billion in 2025, up 36%
Coris Bank International posted CFA103.2 billion in net profit in 2025, a 36% increase, as founder Idrissa Nassa's regional banking group extends its West African footprint.
Investor Memo: The Hormuz Dividend — How the Iran War Is Repricing Every African Upstream Asset in Real Time
Four major African upstream transactions in two weeks — Oando raising $750 million, NNPC doubling Dangote's crude supply, Seplat making NGX history at N10,000, and Petrobras entering the Gulf of Guinea through Arthur Eze's Oranto — all driven by a single cause: the Iran war has repriced African oil.
African Wealth Briefing — Mon., April 20, 2026
Nassef Sawiris quietly lifts his Orascom Construction stake to 43.39 percent, Hassan Allam acquires Metito's engineering arm to build an Africa-wide water infrastructure platform, and GCB Bank's dividend hands Daniel Ofori a $1.66 million payout.
Ghana stock market investor Daniel Ofori is set to pocket GH₵19.87 million in dividends from GCB Bank after a 2-year payout freeze
GCB Bank declared a GH₵1 per share dividend after Bank of Ghana approval, handing top investor Daniel Ofori a GH₵19.87 million ($1.66 million) payout from his 7.5% stake.