Billionaire Patrice Motsepe plays down ANC presidency run as polls put him ahead
Patrice Motsepe played down running for ANC president, saying his contribution is best made outside politics, even as polls show him leading.
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Billionaire Sheila Johnson says a bad contractor cost her $12 million building Salamander
Billionaire Sheila Johnson told the Food & Wine Classic that a bad contractor hire cost her $12 million as she built the Salamander Resort.
Nigerian businessman Wale Tinubu's Oando swings back to profit as production jumps 32%
Wale Tinubu's Oando swung to a 204.8 billion naira profit for 2025 as production rose 32%, and the company targets higher output in 2026.
Burkinabe tycoon Idrissa Nassa's Coris Bank sets up Cameroon unit as it pushes into Central Africa
Coris Bank, led by Idrissa Nassa, has incorporated a Cameroonian subsidiary and named its leaders, awaiting approval to start operations. Ghost
Aliko Dangote's refinery overtakes the US as Europe's top jet fuel supplier
Aliko Dangote's refinery shipped about 466,000 tonnes of jet fuel to Europe in June, overtaking the United States as the region's top supplier.
The Inside Story: The Seized Empire
This week, Angola begins selling shares in Unitel the telecom giant it took from Isabel dos Santos, once Africa’s richest woman. The IPO of a seized fortune, and the unresolved fight over how it was built and how it was taken.
Deep-Dive Report: Samuel Dossou-Aworet — The Corridor Builder
He ran Gabon’s oil for 13 years, built a near-billion-dollar private energy empire from Geneva and has spent a decade trying to build Benin a trade corridor to the Sahel. This week, the first trains of that dream finally moved.
Wealth Intelligence: Michiel Le Roux — Banking the Overlooked
He built Capitec for the customers South Africa’s banks ignored — and rode it to a $3.8 billion fortune as the lender became Africa’s most valuable bank.
Wealth Intelligence: Johann Rupert — The Luxury Throne
Africa’s second-richest man controls Cartier, a healthcare empire and a web of listed holdings — quietly, from Stellenbosch. As Remgro seizes full control of Mediclinic, a full read of the Rupert fortune.
The Inside Story: The Cold-Chain King
From a frozen-fish stall in a Yaoundé market, Sylvestre Ngouchinghe built a company that controls how much of a nation eats fish. The infrastructure bet behind a $280 million empire.
Deep-Dive Report: Christo Wiese — The Long Way Back
He was nearly Africa’s richest man — then Steinhoff’s accounting fraud erased billions in days. The methodical rebuild of a retail legend through Shoprite, Brait and Invicta, and an honest read of the fortune.
African Wealth Briefing — Mon., July 6, 2026
Angola prepares to sell shares in Unitel — the telecom empire it seized from Isabel dos Santos. Robert Gumede wants to turn Tongaat's sugarcane into power and fuel.
Indian billionaire Raj Gupta's African Industries gets 500 hectares to build Nigeria's largest solar-powered steel plant
Niger State handed Raj Gupta's African Industries 500 hectares to build what it calls sub-Saharan Africa's largest solar-powered steel plant.
Pick n Pay, controlled by Soutgh Africa's billionaire Ackerman family, sells down its Boxer crown jewel to fund a slow turnaround
Pick n Pay has sold down more of Boxer for R4.7 billion, funding a slow turnaround that cost the Ackerman family control of the retailer.
Moroccan tycoon Rita Zniber's Diana Holding in talks with Kazakhstan over grain and farm trade
Kazakhstan's ambassador has met Rita Zniber, head of Morocco's Diana Holding, to discuss supplying grain and oils and joint investments.
Nigerian businessman Tony Elumelu to retire as UBA chairman, Nnorom to take over
Tony Elumelu will step down as UBA Group chairman on August 21 after 12 years, with veteran banker Emmanuel Nnorom named as his successor.