Why Africa’s billionaires are quietly banking offshore in Belize
From Cape Town to Cairo, Africa’s billionaire class is looking offshore — and Belize has emerged as a strategic favorite. Here’s what’s fueling the quiet migration of capital.
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From Cape Town to Cairo, Africa’s billionaire class is looking offshore — and Belize has emerged as a strategic favorite. Here’s what’s fueling the quiet migration of capital.
Seplat Energy steps up oil and gas production after acquiring Mobil assets, strengthening performance and expanding Nigeria’s offshore capacity.
Kenya’s Competition Tribunal has upheld a $2.2 million fine against Narendra Raval’s Devki Steel and six other firms for alleged price-fixing and import restrictions.
Jim Ovia’s stake in Zenith Bank gains $14 million as the lender’s shares climb after a $34.5 million dividend boosts investor confidence.
Karooooo shares fall 16 percent as investors take profits, cutting South African billionaire Zak Calisto’s stake to $847 million.
Vodacom commits $29 million to enhance Limpopo’s 5G network, improve connectivity, and empower local communities.
Oprah Winfrey’s wealth rises to $3.2 billion after another $100 million gain this year from media, real estate, and business ventures.
Equity Bank joins Inchcape to finance up to 95% of tractor costs, empowering Kenyan farmers and strengthening food security.
IFC has committed $62.5 million to support Hassanein Hiridjee’s AXIAN Telecom in acquiring East African pay-TV and broadband provider Wananchi Group.
Idrissa Nassa’s Coris Bank Senegal secures $10 million IFC funding to expand trade finance and strengthen its West African network.
Richemont, faces scrutiny after the EU fined its Chloé brand €20M for antitrust violations, casting fresh light on his governance of the Swiss group.
Baloobhai Patel grows his Absa Bank Kenya stake to $15.9 million, deepening his influence in the lender.
Odinga’s passing throws fresh attention on a low-profile business empire built around energy, manufacturing and family-run holding structures.
Mamy Ravatomanga fled Madagascar with Christian Ntsay after daring critics to face him in court, sparking outrage in a country already on edge.
Hassanein Hiridjee’s AXIAN Energy backs a $58 million solar project in Ivory Coast to boost renewable power access.
Calisto says subscription revenue growth accelerated to 20%, supported by strong unit economics and a clean balance sheet.