Evidence emerges that Zanu PF held a secret 45 percent stake in tycoon Kudakwashe Tagwirei's Sakunda Holdings
Leaked financial records partially support claims that Zanu PF held a hidden 45 percent stake in Kudakwashe Tagwirei's Sakunda Holdings.
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Dangote Petroleum Refinery recalls 800 engineers after union dispute, issues conditional pardon
Dangote Petroleum Refinery has recalled around 800 engineers previously redeployed following a labour union dispute, granting a conditional pardon.
Jay-Z's Armand de Brignac caught in Moet Hennessy crisis
Jay-Z's Armand de Brignac champagne brand is among the acquisitions under review as Moët Hennessy cuts jobs and confronts a deep strategic crisis.
Angolan tycoon Álvaro Sobrinho suspected of bribing Lisbon Appeal Court judge to free impounded property empire
Angolan-Portuguese businessman Álvaro Sobrinho is suspected of paying a Lisbon appeal court judge to release his impounded 80 million euro property empire.
Executive Insight: Where the African Money Is Going — London’s Quiet Loss of UHNW African Wealth After the Non-Dom Reform
Sawiris's London office closure marks the end of a quiet migration of African UHNW wealth to Italy, the UAE, and Switzerland after the UK abolished its non-dom regime in April 2025.
The Inside Report: Moody’s Surrenders Its South African License as Global Ratings Pull Back from Africa
Moody's has surrendered its South African credit rating license after 32 years, leaving GCR — the pan-African agency Moody's itself fully owns — to fill the domestic gap as global ratings retreat from Africa.
African Wealth Briefing — Sun., May 3, 2026
Sandile Zungu and Jason Kluk take over Sumitomo's failed Madagascar nickel mine, Mahama's Damang Mine delivers its first gold to the Bank of Ghana, and Dangote denies an Elumelu rift.
Dangote Group calls reports of rift with Tony Elumelu false and malicious
The Dangote Group has dismissed reports alleging a rift between Aliko Dangote and Tony Elumelu, threatening legal action against anyone spreading the claims.
South Africa's Mining BEE has created 46 billionaires whose identities the public does not know — Report
South Africa's mining BEE program has created at least 46 billionaires, but their names and accumulated wealth remain hidden from public view.
Billionaire Dr. Dre and Snoop Dogg take their Still G.I.N. brand into Applebee's with two new cocktails
Dr. Dre and Snoop Dogg have partnered with Applebee's to launch two Still G.I.N. cocktails at more than 1,500 locations across the United States.
Nigerian billionaire Dahiru Mangal's son wins APC ticket in Katsina, unseating a two-term sitting rep
Abba Mangal, son of billionaire Dahiru Mangal, has emerged as the APC candidate for Katsina Central, ending a two-term incumbent's return bid.
Stanbic IBTC founder Atedo Peterside says Nigeria could face a crisis if the ADC Is blocked from 2027 elections
Atedo Peterside warned that Nigeria risks a serious legitimacy crisis if the ADC is prevented from contesting the 2027 presidential election.
Rihanna takes Fenty Beauty into India through Ambani family's Reliance Retail
Rihanna has formally launched Fenty Beauty in India through Reliance Retail, staging a cultural pop-up in Mumbai and meeting the Ambani family.
Kenyan businesswoman Mary Wambui sues Google to scrub news articles about her $16.9 million tax fraud case from search results after the charges were dropped in 2023
Kenyan businesswoman Mary Wambui has sued Google in the High Court to remove search results about her Sh2.2 billion ($16.9 million) tax evasion case, which was dropped in January 2023.
Executive Insight: Six Months on the JSE — What the Optasia Insider Sell-Down Reveals About Africa’s First Major Fintech Listing
Optasia debuted on the JSE in November 2025 as Sub-Saharan Africa's first major fintech IPO. Six months later, the operating story has compounded — but the founder is gone, FirstRand owns 26%, and a related-party deal is testing the listing's governance architecture.
The Inside Story: Nigeria’s Palm Oil Duopoly Posts Record Quarter as a Belgian Empire Quietly Becomes Nigerian
Presco's profit jumped 57.4% to N178 billion and Okomu Oil grew Q1 to N34 billion, lifting the combined market cap of Nigeria's protected palm oil duopoly past $2.7 billion — and one of the two has just become Nigerian-controlled after 33 years of Belgian rule.