Nigerian Billionaire Deji Adeleke donates N500 million to launch Osun Security Trust Fund
Billionaire Deji Adeleke, father of music star Davido, has donated N500 million to the Osun State Security Trust Fund launched by his brother Ademola.
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South African tycoon Tokyo Sexwale's name enters the race to succeed Cyril Ramaphosa as ANC president
A KwaZulu-Natal lobby group has entered Tokyo Sexwale's name in the race to succeed Cyril Ramaphosa as ANC president ahead of the party's 2027 elective conference.
Egyptian billionaire Nassef Sawiris formally closes his London family office, completing a UK exit triggered by the end of the non-dom tax status
Nassef Sawiris has formally closed his London family office NNS Advisers, completing a multi-step UK departure triggered by the end of the non-dom tax regime.
African Wealth Briefing — Fri., April 24, 2026
Dangote offers to build East Africa a refinery matching his Lagos plant's scale, Mansour's Palm Hills launches a city-scale luxury project on Egypt's coast, Benjelloun opens Morocco's tallest tower after eight years, and Wiese's stake in Blue Ribbon owner is diluted after a R6 billion food deal.
South African billionaire Christo Wiese’s stake in Blue Ribbon owner diluted after R6bn RFG deal
South African billionaire Christo Wiese has seen his stake in Premier Group, owner of Blue Ribbon bread, reduced after the company’s nearly R6 billion acquisition of RFG Holdings.
Moroccan billionaire Othman Benjelloun opens Morocco's tallest tower in Sale after 8 years of construction
Morocco's tallest building, a $700 million rocket-shaped skyscraper backed by billionaire Othman Benjelloun, has opened in Sale after 8 years of construction.
Jude Bellingham buys 1.2 percent stake in Birmingham Phoenix cricket franchise
Real Madrid midfielder Jude Bellingham has taken a 1.2 percent stake in Birmingham Phoenix, joining Warwickshire and Knighthead Capital as co-owners of The Hundred franchise.
Africa's richest man Aliko Dangote offers to build East Africa a refinery as big as Lagos
Aliko Dangote has offered to build a refinery in Tanzania matching his Lagos plant's scale, with Kenya and Uganda backing the plan at a Nairobi infrastructure summit.
Johann Rupert's Remgro trades at a R38 billion discount and investors are growing impatient
Johann Rupert's Remgro is trading at a nearly 46% discount to its intrinsic net asset value, a R38 billion gap that investors want closed.
South African billionaire Patrice Motsepe shields African Rainbow Minerals brand in fresh trademark win
Patrice Motsepe has scored another trademark win as South Africa's Companies Tribunal forced a Durban firm to strip the African Rainbow name from its registration.
Patrice Motsepe's ARM hauls Durban-based African Rainbow Star before tribunal over trademark infringement
Patrice Motsepe's African Rainbow Minerals has hauled a Durban-based company before the Companies Tribunal, accusing it of infringing several of its registered trademarks.
Billionaire Yasseen Mansour's Palm Hills is bringing a city-scale luxury project to Egypt's most coveted coastline
Yasseen Mansour's Palm Hills Developments has teamed up with UAE-based Miran Hills Real Estate to launch a city-scale luxury development across 5.65 million square meters on Egypt's North Coast.
Tycoon Gulaam Abdoola's Turnstar flags 22 percent profit dip on weaker Botswana property values
Gulaam Abdoola's Turnstar Holdings has warned of a 22 percent drop in pretax profit to P146.6 million as weaker Botswana property valuations hit the portfolio.
Africa's richest man, Aliko Dangote has added $3.21 billion to his fortune in 2026 and the refinery is just getting started
Aliko Dangote's net worth has climbed to $33.2 billion in 2026, a gain of $3.21 billion year-to-date, driven by his refinery's rising output and Nigeria's shift to net fuel exporter.
Patrice Motsepe's African Rainbow Minerals wins trademark fight against Durban company using similar name
Patrice Motsepe's African Rainbow Minerals has won a Companies Tribunal ruling ordering Durban-based African Rainbow Star to change its name or face forced renaming within 30 days.