Serena Williams backed Esusu, a fintech 326 investors rejected. It's now worth $1.2 billion.
Tennis legend Serena Williams bet on rent-reporting fintech Esusu when most investors wouldn't. Now it's worth $1.2 billion and reaching 12 million renters.
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Jannie Durand sells R33.6 million in Remgro shares as Rupert's investment group discloses executive vesting round
Remgro's executive team, led by CEO Jannie Durand, has sold R52 million in shares under the Rupert-controlled group's conditional vesting plan.
Johann Rupert's Richemont takes center stage as Watches and Wonders Geneva 2026 opens
South African billionaire Johann Rupert's Richemont is bringing nine maisons to the world's largest watchmaking gathering, in Geneva this month.
Investor Memo: The $50 Billion Test — How the Dangote Refinery IPO Became Africa’s First Serious Cross-Border Listing
The Dangote Refinery IPO is not just Africa's largest equity offering — it is the first serious attempt to prove that a continental capital market can price a $50 billion industrial asset without outsourcing to London or New York, and the test lands in ten weeks.
African Wealth Briefing — Mon., April 13, 2026
The WeBuyCars brothers take JSE-listed RMH private for R654 million, Kate Fotso invests $28.3 million in a Cameroon brewery to challenge Castel Group, and Koos Bekker's Somerset hotel launches a garden festival funded by $334 million in Naspers share sales.
Kate Fotso, Cameroon's richest woman, is building a $28.3 million brewery in Souza to diversify beyond cocoa
Kate Fotso, Cameroon's richest woman and the CEO of Telcar Cocoa, is investing 17 billion FCFA ($28.3 million) in a new beverage plant in Souza in the Littoral region, her biggest push yet beyond her cocoa empire.
WeBuyCars brothers buy JSE property giant for R654 million
The billionaire brothers behind WeBuyCars are acquiring JSE-listed RMH Holdings for R654.58 million through their vehicle AttBid, with a full delisting expected by June 2026, weeks after selling R866 million in WeBuyCars shares.
Koos Bekker sold $334 million in Naspers shares to build English gardens — and now his Somerset estate is taking on Chelsea
South African billionaire Koos Bekker sold $334 million in Naspers and Prosus shares to build historic farming estates across four countries, and now his Somerset hotel is launching a nine-day garden festival to rival Chelsea.
Kirubi family's Haco Industries weighs IPO or investor for succession
Kenya's Haco Industries is exploring either an IPO or a strategic investor as the Kirubi family plans succession, while MD Mary-Ann Musangi pushes the consumer goods maker into Ghana, Nigeria and Senegal.
African Wealth Briefing — Sun., April 12, 2026
Dangote turns 69 as NNPC doubles crude supply and the $100 billion expansion plan takes shape, SARS targets high-wealth trust structures with new lifestyle audit powers, and Italy honors Naguib Sawiris.
SARS is now targeting the trust structures of South Africa's wealthiest taxpayers
South Africa's tax authority has issued a fresh notice targeting how high-wealth individuals fund trusts and use donations structures, while new lifestyle audit powers and penalties of up to 200% are closing in.
Italy gives billionaire Naguib Sawiris its Grand Officer of the Order of the Star of Italy for building one of the largest Egyptian investments in the country
Italy honored Egyptian billionaire Naguib Sawiris with the Grand Officer of the Order of the Star of Italy on April 9, 2026, recognizing his telecom investments and decades of work strengthening bilateral ties between Cairo and Rome.
Dangote turns 69 as Tinubu leads tributes, NNPC doubles crude supply and $100bn expansion plan takes shape
Aliko Dangote turned 69 on Friday as Tinubu led birthday tributes, NNPC doubled crude deliveries and a $100 billion expansion plan moved forward.
African Wealth Briefing — Sat., April 11, 2026
Oando raises $750 million for a 100-well drilling campaign that could triple output, Financial Mail's cover asks whether Kirsh could have built his $29 billion empire in South Africa, and we profile Nasir Qadree's $186 million Zeal Capital portfolio.
Meet Ursula Burns, the first Black woman to lead a Fortune 500 company, who built an empire beyond Xerox
Ursula Burns started at Xerox as a summer intern in 1980 and left nearly four decades later as a corporate history maker.
Oando is raising $750 million for a 100-well drilling push that CEO Wale Tinubu says could triple the company's oil output
Oando CEO Wale Tinubu told Reuters the company is raising up to $750 million for a 100-well drilling campaign that could boost production by 300%, with the Iran war lifting investor appetite for West African crude.