South African billionaire Zak Calisto's Karooooo posts record results as Cartrack accelerates
Billionaire Zak Calisto's Karooooo posted record full-year results as Cartrack subscription revenue rose 19%, and it raised its dividend 20% to $1.50.
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South Africa's richest man received a $140 million fee from Reinet's big sale
A Rupert family entity was paid a 2.3 billion rand performance fee after Johann Rupert's Reinet sold its largest asset for about 62 billion rand.
Sir Wicknell: From Chivhu to the Continental Stage
Cleared by South African police, honored in Morocco, and pledging $1 million to bring stranded Zimbabweans home — Wicknell Chivayo’s remarkable week caps a two-decade journey from a bus company wages clerk to one of Africa’s most talked-about businessmen.
Ghana tax authority seals businesman Daniel McKorley's Electrochem plant over $560,000 debt
Ghana's tax authority has sealed the offices of Electrochem, owned by billionaire Daniel McKorley, giving it seven days to pay a GH¢8.6m tax debt.
Billionaire Mohammed Dewji's MeTL signs Italian deal for silos at a Tanzanian grain plant
A MeTL Group unit owned by billionaire Mohammed Dewji has signed a 2 million euro deal for Italian silos and equipment at a Tanzanian grain plant.
DR Congo opens corruption probe into billionaire Rawji family, owners of Rawbank
DRC prosecutors have opened a corruption inquiry touching the Rawji family, owners of the country's biggest bank, then lifted a travel ban on them.
Elon Musk settles US securities case over Twitter stake for $1.5 million
A US judge has approved Pretoria-born Elon Musk's $1.5 million settlement with regulators over the late disclosure of his 2022 Twitter stake.
Billionaire Ibrahim Mahama's company defies court order over $100 million Ghana gold mine
A company owned by Ibrahim Mahama, brother of Ghana's president, has refused to leave a disputed $100 million gold mine despite two court rulings.
African Wealth Briefing — Thurs., July 9, 2026
Aliko Dangote picks Lamu for a $17 billion Kenyan refinery — his second continental-scale bet in a fortnight. Michiel le Roux borrows $402 million against his Capitec shares.
South African tycoon Sandile Zungu confirms bid to unseat Danny Jordaan as SAFA president
Businessman Sandile Zungu, the AmaZulu owner, has confirmed he will challenge Danny Jordaan for the South African Football Association presidency in September.
Egyptian billionaire Naguib Sawiris pours another $10 million into the Giza pyramids revamp
Naguib Sawiris is adding about $10 million to his Giza pyramids overhaul, funding 30 electric buses and a 15,000-seat sports pavilion.
Tyler Perry accusers' lawyer alleges billionaire abused 'many other' aspiring male actors
A lawyer suing Tyler Perry on behalf of two accusers now alleges in a court filing that the billionaire abused "many other" aspiring male actors.
Billionaire Patrice Motsepe's African Rainbow Capital wins South African ruling in $195 million graphite fight
Patrice Motsepe's African Rainbow Capital says a Johannesburg court cleared it of contract claims in a $195 million Tanzanian graphite dispute.
South Africa's two richest men are locked in a decades-long horse racing rivalry
Johann Rupert and the Oppenheimer family have poured billions into South African horse racing, building rival stud farms and saving the sport.
Africa's richest man picks Lamu for $17 billion Kenya refinery as engineering work begins
Aliko Dangote has selected Lamu for a $17 billion, 700,000-barrel-a-day refinery, with soil tests and engineering work already under way.
Zimbabwean tycoon Wicknell Chivayo's private-jet celebration of Mnangagwa's 2030 term draws mixed reaction
A video of Zimbabwean businessman Wicknell Chivayo celebrating Mnangagwa's term extension aboard a private jet has sparked a lively online debate.