African Wealth Briefing — Fri., April 3, 2026
Chivayo sued for $25 million and three Rolls-Royces, McKorley loses his Kotoka FBO licence in a 1am raid, 117 CSOs challenge Jimoh Ibrahim's UN posting, and Adebutu's Wema Bank stake hits N314.6 billion.
Latest
Wicknell Chivayo's estranged wife demands $25 million, $40,000 a month and three Rolls-Royces in Zimbabwe High Court divorce battle
Sonja Madzikanda is suing Wicknell Chivayo for a $25 million lump sum, $40,000 monthly maintenance and three Rolls-Royces in a High Court battle over their 2017 customary marriage.
How Ghanaian tycoon Daniel McKorley's McDan Aviation lost its Kotoka Airport terminal in a midnight raid over debt
Ghana Airports terminated Daniel McKorley's McDan Aviation FBO licence at Kotoka over unpaid fees and sent officials in at 1am despite a court injunction, sparking a major legal and political dispute.
Nigerian gambling magnate Kessington Adebutu to pocket N14.8 billion in Wema Bank dividends
Premier Lotto founder Kessington Adebutu will collect N14.84 billion in gross dividends from Wema Bank after the lender posted record profit before tax of N222 billion in 2025.
Nigerian tycoon Kessington Adebutu's Wema Bank stake is now worth N314.6 billion
Kessington Adebutu's 11.87 billion Wema Bank shares are now worth N314.63 billion, equivalent to $224.74 million, as the lender's share price rises to N26.50.
CSOs petition Nigerian President Tinubu over businessman Jimoh Ibrahim's UN posting
A 117-group civil society coalition has petitioned President Tinubu and the UN Secretary-General to review Jimoh Ibrahim's appointment as Nigeria's UN permanent representative.
7 businesses owned by Serena Williams, tennis icon turned VC
Serena Williams controls seven major businesses spanning venture capital, sports ownership, fashion and wellness. Here is what she owns beyond tennis.
7 software companies owned by Black billionaire Robert F. Smith
Billionaire Robert F. Smith controls a tech empire through Vista Equity Partners. Here are seven major companies currently under his vast influence.
7 companies and ventures led by Jewel Burks Solomon
Jewel Burks Solomon has built an influential business legacy through startup exits and venture capital. Here are seven entities she leads.
9 companies owned by Ethiopian billionaire Belayneh Kindie
Ethiopian billionaire Belayneh Kindie controls a sprawling empire of companies across agriculture, manufacturing, transport and hospitality.
How Don Cornwell built Dynasty Equity with Liverpool FC, TMRW Sports, and a seat at the NFL table
K. Don Cornwell turned three decades of sports banking into a global investment empire through Dynasty Equity and a growing portfolio of sports assets.
Mike Smith built Walmart's $5 billion e-commerce division, took Stitch Fix public, then raised $400 million for his own venture fund
Mike Smith went from scaling Walmart's e-commerce division to taking Stitch Fix public before launching Footwork, a $400 million venture fund.
How Robert F. Smith built a $107 billion software empire and became the wealthiest Black American
Robert F. Smith built Vista Equity Partners into a $107 billion software powerhouse. He is the wealthiest Black person in the United States.
David Grain is a $2.5 billion telecom billionaire. Here are the 7 companies that got him there.
David Grain's $2.5 billion fortune is built on a growing portfolio of broadband, fiber and spectrum companies spanning the US and Canada.
Billionaire Abdul Samad Rabiu reinstates 400 sacked BUA Cement drivers and pays their three months' salary arrears
BUA Cement has reinstated 400 sacked truck drivers and agreed to pay their January to March salary arrears after an Edo monarch brokered a settlement with Abdul Samad Rabiu.
African Wealth Briefing — Thu., April 2, 2026
GTCO posts record N1.23 trillion profit, Moniepoint enters Kenya with a 78 percent bank acquisition, Innoson denies a Ghana relocation, and BET founder Robert L. Johnson quietly reclaims his billionaire status.