Wale Tinubu's Oando PLC signs production sharing contract for Angola's Block KON-13
Oando PLC has signed a production sharing contract for Angola's Block KON-13, marking the Nigerian energy group's first move into the Angolan upstream oil market.
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Patrice Motsepe's African Rainbow Minerals is buying a stake in Canadian copper explorer Surge Copper Corp
Patrice Motsepe's African Rainbow Minerals is buying a near-20% stake in Canadian copper explorer Surge Copper Corp through a CAD3.98 million private placement.
Tycoon Simon Rudland's Swift Transport expands Zimbabwe fleet with 100 new trucks as his logistics empire continues to grow
Simon Rudland's Swift Transport is expanding its Zimbabwe fleet by 100 new trucks, the latest move in a billion-dollar empire spanning logistics, tobacco and mining.
Meet David Grain, the Brooklyn postal worker's son who built a $2.5 billion telecom empire and joined the Forbes billionaire list in 2026
David Grain grew up in Brooklyn watching his father build a trucking business and went on to build a $6.7 billion telecom private equity empire.
Afreximbank underwrites $2.5 billion of a $4 billion loan for Aliko Dangote's refinery
Afreximbank has underwritten $2.5 billion of a $4 billion loan for Dangote's refinery, marking the pan-African lender's biggest single industrial commitment.
Rupert's Reinet builds $5.6bn cash pile after PIC stake sale
Johann Rupert's Reinet boosted its cash reserves to about $5.6 billion after selling its Pension Insurance Corporation stake, raising speculation about dividends or strategic deals.
BOAD backs Coris Bank with $52.5 million to support credit expansion
The West African Development Bank approved two refinancing lines totaling $52.5 million for Coris Bank International subsidiaries in Burkina Faso and Senegal.
Burkina Faso banker Simon Tiemtoré's Vista Group enters Central Africa with acquisition of Chad's Banque agricole et commerciale
Simon Tiemtoré's Vista Group has won regulatory approval to acquire Chad's BAC bank, marking the group's first entry into Central Africa.
Sysco agrees to buy Eswatini billionaire Nathan Kirsh's Jetro Restaurant Depot in a $29.1 billion deal that reshapes US food distribution
Sysco has agreed to buy Nathan Kirsh's Jetro Restaurant Depot for $29.1 billion in one of the biggest US food distribution deals in years.
Nassef Sawiris's Orascom Construction posts record $9 billion backlog and a 65% profit jump
Orascom Construction posted a record $9 billion backlog and a 65% profit jump in 2025 as the United States became a major growth driver for the group.
Meet Nigerian businessman David Olurin, the quiet architect of Africa's commodity future
Nigerian businessman David Olurin is quietly building Cardinal Torch into a force in African commodities, linking local agricultural value chains to global capital and trade.
Jim Ovia's Zenith Bank posts Africa's highest brand value growth at 33.6%
Jim Ovia's Zenith Bank recorded the highest banking brand value growth in Africa in 2026, climbing 33.6 percent to $380 million.
African Wealth Briefing — Tue., March 31, 2026
BUA Foods proposes a record N504 billion dividend with Rabiu set to pocket $323 million, Kenya's richest bank investors collect Sh5.75 billion, AXIAN backs a stablecoin play, and Stella Oduah walks free from a N2.5 billion fraud case.
BUA Foods proposes a record N504 billion dividend that will hand billionaire Abdul Samad Rabiu about $323 million in a single payout
BUA Foods has proposed a record N504 billion dividend after profit nearly doubled in 2025, with founder Abdul Samad Rabiu set to pocket about $323 million.
James Mwangi, the Ndegwa and Kenyatta families to pocket Sh5.75 billion in Kenya bank dividends
Kenya's record bank profit year will deliver Sh5.75 billion in dividends to the country's richest investors including James Mwangi and the Ndegwa family.
Madagascar tycoon Hassanein Hiridjee backs USDh stablecoin through AXIAN Investment
AXIAN Group CEO Hassanein Hiridjee has backed Hamilton Labs' USDh stablecoin, betting digital dollars can solve Africa's savings and payments problems.