Segun Ogunsanya launches IFC-backed CycleFlow to unlock $30 billion for Nigerian MSMEs
Segun Ogunsanya, former Airtel Africa chief, is chairing CycleFlow, an IFC-backed platform built to unlock billions in liquidity for Nigeria's small businesses.
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Nigerian multimillionaire tycoon Cosmas Maduka, Asia Star deepen electric bus partnership
Cosmas Maduka is positioning Coscharis Group at the center of Nigeria's electric mobility push, deepening his partnership with Chinese bus manufacturer Asia Star.
The 5 youngest Black billionaires in the world
Forbes counted 27 Black billionaires in 2026. Here are the 5 youngest on the list, led by Rihanna at 38 and LeBron James at 41.
Strive Masiyiwa's Econet lifts Zimbabwe's dollar bourse past 132-year-old rival
Strive Masiyiwa's $1 billion Econet InfraCo listing has helped Zimbabwe's Victoria Falls Stock Exchange overtake the 132-year-old Zimbabwe Stock Exchange by market value.
Astron Energy hits 700 forecourts in South African fuel push
Ivan Glasenberg's Glencore-backed Astron Energy has hit 700 rebranded forecourts in South Africa, pushing it toward the top tier of the country's retail fuel market.
African Wealth Briefing — Thurs., April 16, 2026
Dangote makes TIME100 with Elumelu writing the tribute.
Aliko Dangote's refinery just made Nigeria a net petrol exporter for the first time ever
Aliko Dangote's refinery exported 44,000 barrels of petrol per day in March 2026, making Nigeria a net petrol exporter for the first time in its history.
Rihanna, world's youngest Black billionaire, becomes first woman of color to win the Edison Achievement Award
Rihanna has been named the 2026 Edison Achievement Award winner, becoming the first woman of color to receive the honor in the award's nearly 40-year history.
Meet Abdulfatai Yahaya Seriki Gambari, the man who bet on Nigeria's gold before anyone else was looking
Abdulfatai Yahaya Seriki Gambari started Kursi Investments in 2005 and built it into one of Nigeria's largest gold mining operations across 30 states.
Aliko Dangote makes TIME100 for the 2nd time as Tony Elumelu writes the tribute
Aliko Dangote has been named to the 2026 TIME100 list of the world's most influential people for the 2nd time, with his profile penned by Tony Elumelu — who Dangote himself profiled on the same list six years ago.
South African billionaire Patrice Motsepe's ARC wins ruling in $195m Tanzania graphite lawsuit
The Gauteng High Court has ruled that Patrice Motsepe's African Rainbow Capital cannot be sued for $195 million by US firm Pula Group over an alleged breach of a confidentiality agreement tied to a Tanzanian graphite project, handing Motsepe a significant but partial legal victory.
Oil tycoons Tony Elumelu, Austin Avuru, Samuel Dossou-Aworet win big as Seplat becomes first NGX stock to hit N10,000
Seplat Energy became the first stock in the history of the Nigerian Exchange to breach N10,000 per share, handing Tony Elumelu, Samuel Dossou-Aworet and Seplat's co-founders combined paper gains worth hundreds of millions of dollars.
Koos Bekker's Naspers completes pivot from tech investor to global AI operator
Koos Bekker's Naspers has declared its transformation into a global AI operator complete, with the Toqan platform rolling out to 5 million Prosus partners.
Nassef Sawiris books record Aston Villa profit as Premier League reviews asset sales
Nassef Sawiris' Aston Villa has posted a record £113.6 million profit built on asset sales to the owners' own holding company, triggering Premier League review.
Nigeria's Sade Adu and Fela Kuti make history as the first Africans in the Rock and Roll Hall of Fame
Nigerian-born Sade and Afrobeat legend Fela Kuti have made history as the first African artists inducted into the Rock and Roll Hall of Fame.
Allen Onyema's Air Peace plans first international flights from Nigeria's new Gateway International Airport
Allen Onyema has announced Air Peace will launch direct London flights from Ogun State's Gateway International Airport this summer using its Boeing 777 fleet.