African Wealth Briefing — Mon., May 18, 2026
Aliko Dangote sues Nigeria's government over fresh petrol import licenses, escalating the refinery "mafia" fight to court at the exact moment the refinery IPO subscription window approaches.
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Executive Insight: Robert F. Smith’s Abu Dhabi Office and the Emerging Gulf Axis for African Capital — What Vista’s ADGM Authorization Tells Foreign Investors About the New Architecture of Continental Capital Flows
Robert F. Smith's Vista Equity Partners has opened its first Middle East office in Abu Dhabi. The most consequential confirmation yet of the new architecture of African and emerging-market capital flows.
Investor Memo: AngloGold Ashanti’s $50 Billion Crossover and How to Size the Mining-Anchored Apex of African Listed Equity
AngloGold Ashanti has dethroned Naspers as Africa's most valuable listed company. The first apex change in years requires immediate reframing of how Elite subscribers size African equity allocations.
Aliko Dangote raises Ethiopia investment to $4 billion, making it the 2nd largest recipient of his continental spending
Aliko Dangote has raised the Dangote Group's investment in Ethiopia to over $4 billion, making it the 2nd largest destination of his African spending.
Billionaire Patrice Motsepe's GoTyme Bank eyes $15 billion listing as customer count surpasses 21 million
Patrice Motsepe's GoTyme Bank is eyeing a $15 billion stock market listing as it crosses 21 million customers across South Africa and the Philippines.
Tanzania's president met Dangote in Dar es Salaam after losing the oil refinery to Mombasa
Tanzania's President Suluhu met Aliko Dangote in Dar es Salaam on May 16, days after he told the FT he favours Mombasa over Tanga for his East African refinery.
Somali tycoon Amina Moghe Hersi's Atiak Sugar Factory has eaten $204 million and produced nothing in years. Uganda is demanding answers.
Uganda's parliament is demanding answers after Amina Moghe Hersi's Atiak Sugar Factory consumed $204 million in public and private funds without producing sugar in years.
Indian billionaire Ravi Jaipuria's Varun Beverages opens $40 million manufacturing complex in Zimbabwe
Indian billionaire Ravi Jaipuria has opened a $40 million manufacturing complex in Zimbabwe, signaling an aggressive African push by Varun Beverages.
Dangote sues Nigeria's government over fresh petrol import licences as the "mafia" fight reaches court
Dangote Petroleum Refinery filed a new lawsuit seeking to cancel petrol import licences issued to six marketers and NNPC despite the refinery supplying nearly 80% of Nigerian fuel demand.
African Wealth Briefing — Sun., May 17, 2026
AngloGold Ashanti dethrones Naspers as Africa's most valuable listed company at $50 billion; Kagame tells Africa CEO Forum to learn to say no; Tony Elumelu and Mohammed Dewji make TIME100 Philanthropy; Co-op Bank posts best-ever quarter.
African Wealth Briefing — Sat., May 16, 2026
Abdul Samad Rabiu wins CEO of the Year at the Africa CEO Forum and tells African leaders to get serious; Appolinaire Compaoré dies at 73; long-form profiles of Shingi Mutasa and Zandré Campos; LVMH explores $2 billion Fenty Beauty exit.
South African tycoon Robert Gumede takes on Transnet in rail tender court fight
Businessman Robert Gumede has launched a court challenge against Transnet over a rail tender accused of favouring foreign suppliers.
Court sets May 25 to rule on Tunde Ayeni bail application in $11.3 million fraud case
An Abuja court fixed May 25 to rule on Tunde Ayeni's bail application, with the EFCC opposing his release and five SANs arguing for constitutional presumption of innocence.
South Africa knows Markus Jooste is dead. It just cannot prove it the way it needs to.
Two years after Markus Jooste's reported death at Kwaaiwater Beach, South Africa still has no public post-mortem, no confirmed burial site and a conspiracy theory industry that refuses to stop.
Gideon Muriuki's Co-op Bank posts best-ever quarter and says its South Sudan bet is finally paying off
Co-op Bank posted a record first-quarter profit of Ksh11.37 billion and confirmed its South Sudan subsidiary turned a quarterly profit for the first time.
WPP Scangroup appoints new directors days after Bharat Thakrar demands board overhaul
WPP Scangroup appointed three new non-executive directors just days after Bharat Thakrar filed a formal demand for a special general meeting to remove the entire board.