Billionaire Robert Friedland's Ivanhoe ships first copper through Lobito Corridor
Ivanhoe Mines has shipped its first low-carbon copper anodes from Congo's Kamoa Kakula through Angola's Lobito Corridor to a German refinery.
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African Wealth Briefing — Tues., March 24, 2026
Dangote's refinery has shipped 456,000 tonnes of fuel to five African countries, Rabiu adds $4 billion to his net worth as BUA Group expands, OnlyFans billionaire Leonid Radvinsky dies at 43, and Tagwirei pledges $350,000 to Zimbabwe's main psychiatric hospital.
Meet Joshua Kulei, the prison warder who became one of Kenya's most powerful and controversial billionaires
Joshua Kulei was a prison warder who caught President Moi's eye, became his personal assistant and built one of Kenya's largest private business empires.
Karen Roos built Babylonstoren into one of South Africa's top luxury e-commerce brands while her billionaire husband Koos Bekker watched from the sideline
Karen Roos is turning Babylonstoren, the Cape Dutch farm estate she bought with billionaire Koos Bekker, into a top South African luxury e-commerce brand.
Meet Frank Baker, the Detroit kid who became a Wall Street multimillionaire
Frank Baker grew up in Detroit, got his Wall Street break through a nonprofit internship programme, and built Siris Capital into a $7 billion private equity firm.
Rabiu adds $4 billion to net worth amid industrial expansion
Industrialist Abdul Samad Rabiu sees his fortune climb to $14.6 billion as strategic manufacturing expansions and high demand drive BUA Group growth.
Meet Adeyemi Ajao, the Nigerian-Spanish entrepreneur who built the first Black-led billion-dollar venture capital firm in Silicon Valley
Adeyemi Ajao grew up in Spain, taught himself to code, sold two companies, and built the first Black-led billion-dollar venture capital firm in Silicon Valley.
Brenthurst Wealth founder Magnus Heystek says his offshore money won't return to South Africa
Magnus Heystek says none of his offshore investments will return to South Africa, warning that recent market gains mask weak fundamentals and long-term growth prospects.
OnlyFans billionaire owner Leonid Radvinsky dies at 43
Leonid Radvinsky, the billionaire owner of OnlyFans who transformed the platform into a global subscription giant, has died at 43 after a battle with cancer.
Sanctioned tycoon Kudakwashe Tagwirei pledges $350,000 to rehabilitate Zimbabwe's main psychiatric hospital
Kudakwashe Tagwirei pledged $350,000 to rehabilitate Zimbabwe's main psychiatric hospital at a Bulawayo fundraising drive that raised over $2 million.
Mark and Brett Levy's Blu Label Unlimited shares lose $85.1 million in seven months
Mark and Brett Levy have lost R1.46 billion over seven months as Blu Label Unlimited shares fell sharply from their August 2025 peak.
Billionaire Jannie Mouton's PSG Financial expects earnings to rise as much as 39% in 2026
PSG Financial Services expects attributable earnings per share to rise as much as 39% for the year ended Feb. 28, 2026, with results due April 16.
Tony Elumelu urges Africa's wealthy to share prosperity
Tony Elumelu called on wealthy Africans to share their resources and empower the poor as his foundation unveiled its 2026 grant beneficiaries.
James Mwangi's Equity Group abandons Ethiopia-first strategy to acquire Angolan bank
James Mwangi's Equity Group is pivoting to Angola for a bank acquisition after Ethiopia's restrictive foreign ownership rules stall its market entry.
Nigerian entrepreneur Tosin Eniolorunda's Moniepoint acquires Orda to expand into Africa's food service market
Tosin Eniolorunda's Moniepoint has acquired Orda Africa to expand into food services, integrating restaurant software with payments and credit tools.
Aliko Dangote's refinery exports 456,000 tonnes of fuel to Ghana, Togo and three other African nations
Aliko Dangote's refinery has shipped 456,000 tonnes of refined petroleum products to five African countries since reaching full capacity in February.