Aliko Dangote's stake in Nigeria's Jaiz Bank is worth $18.2 million
Dangote Industries holds 3.05 billion Jaiz Bank shares, 6.85% of Nigeria's pioneer non-interest lender, worth N25.34 billion at current prices.
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Nigerian tycoon Ernest Azudialu-Obiejesi invests $28 million in drilling rigs
Nestoil invests $28m in rigs to lift OML 42 production
African Wealth Briefing — Wed., Sept. 2, 2026
Jannie Mouton, one of South Africa's most admired investors, admitted that unbundling PSG's Capitec stake in 2003 cost the firm $1.4 billion — a rare confession of the one that got away.
Saudi billionaire Prince Alwaleed acquires 70% of Al Hilal football club
Kingdom Holding has completed its SR840 million purchase of 70% of Al Hilal from Saudi Arabia's PIF, valuing the club at about $320 million.
Egyptian shipping tycoon Ahmed Tarek Khalil sells his entire Ajwa stake for $6 million
Ahmed Tarek Khalil sold 8.34% of Ajwa for Food Industries Egypt for EGP 301.65 million, about $6 million, exiting the edible oils maker entirely.
The Top 10 Richest People In Africa | September 2026
Forbes' daily ranking on Sept. 1 puts Aliko Dangote at $31.4 billion and Nathan Kirsh second at $19.2 billion, ahead of Johann Rupert.
Singapore's wealthy Aswani family is still buying Guinness Nigeria shares after a $343 million gain
N-Seven Nigeria, a Tolaram subsidiary, bought 550,092 more Guinness Nigeria shares on Aug. 28, lifting the Aswani family holding above 70.86%.
Billionaire Josh Kushner regrets $20 billion FIFA deal that African bodies backed
Josh Kushner's Thrive Capital was to be cornerstone investor in a $20bn FIFA vehicle that African associations backed hardest and European ones killed. He now says the firm misjudged football's politics and UEFA is seeking documents in a US court.
Sun City vs Vegas: Can the African paradise lure the big bettors
Sun City pairs private casino salons with two championship golf courses and Big Five game drives in Pilanesberg, two hours from Johannesburg.
Two South Africans built Tekkie Town from to a $197 million company, then Steinhoff wiped it all out
From $1,230 to $197 million and back to zero: Tekkie Town founders Braam van Huyssteen and Bernard Mostert describe how Steinhoff's accounting scandal destroyed their life's work in 18 months.
Billionaire Tim Draper’s $7.9 million Tanzania island sale faces government ownership clarification
Billionaire Tim Draper’s $7.9 million plan to sell his investment in Tanzania’s Lupita Island has drawn a government clarification: the island itself remains state-owned. Draper’s stake is tied to the luxury resort and investment rights held by Firelight Safaris, subject to Tanzanian law.
Billionaire Pham Nhat Vuong and his wife now controls nearly 75% of Vietnam’s billionaire wealth
Vietnam’s richest couple, Pham Nhat Vuong and Pham Thu Huong, now control nearly 75% of the wealth held by the country’s eight billionaires. The Vingroup power couple has a combined fortune of $40.6 billion, with Vuong alone worth $36.5 billion, making him Southeast Asia’s richest person.
South African billionaire Jannie Mouton admits the Capitec mistake that cost PSG $1.4 billion
Jannie Mouton has admitted that unbundling PSG's 58% Capitec stake in 2003 was one of the costliest mistakes in South African investment history, a decision that cost the company $1.4 billion in future returns before a fortunate re-entry partially rescued the position.
Nigerian tycoon Gliffeth Wonuigwe's Gasgroup targets NGX listing, expands into refining, power, gas infrastructure, AI data centers
Gliffeth Wonuigwe, the Nigerian oil and gas executive who runs Gasgroup, is taking the company to the Nigerian Exchange main board and repositioning it from oilfield services into refining, LNG and power for artificial intelligence data centres.
African Wealth Briefing — Tues., Sept. 1, 2026
Nigeria's oil refining just posted its strongest quarter on record, up 43.94% — and Aliko Dangote's refinery is the only reason.
Cameroonian cosmetics mogul Francis Nana Djomou is losing ground as imports surge 66%
Cameroon imported $99 million of cosmetics in 2025, up 66% in three years, in the market Francis Nana Djomou built with affordable local brands.