Jamie Dimon is personally selling the SpaceX IPO to 2,500 wealthy clients at 90 locations across America
JPMorgan CEO Jamie Dimon is personally pitching the SpaceX IPO to more than 2,500 wealthy clients at 90 bank locations across 26 US states.
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Ethelbert Cooper, the Liberian who built a $3 billion African oil empire, is dead at 73
Ethelbert Cooper, the Liberian entrepreneur who co-founded Afren plc and spent four decades shaping Africa's natural resources sector, died on May 23, 2026.
Egyptian billionaire Naguib Sawiris calls for Egypt's state TV to be shut down
Egyptian billionaire Naguib Sawiris has ignited a fierce national debate after publicly calling for Egypt's state television channels to be closed over billions in annual losses.
Global millionaire wealth hit a record $98.3 trillion in 2025 and Africa grew faster than the Middle East
Global wealth held by millionaires hit a record $98.3 trillion in 2025 according to Capgemini's World Wealth Report 2026, with Africa posting 4.1 percent population growth.
Africa's richest man spent $20 million trying to fix Nigeria's tomato problem and the country let him down
Aliko Dangote invested $20 million in Nigeria's largest tomato processing factory in 2016. A decade later, the country's broken supply chain has defeated his ambition.
African Wealth Briefing — Fri., June 5, 2026
Anna Mokgokong signs a $1.35 billion LNG deal at the Port of Ngqura. Dangote's refinery pushes past its own nameplate to 700,000 barrels a day.
Africa's richest man's refinery ramps up to 700,000 barrels a day
Dangote Petroleum Refinery has exceeded its nameplate capacity for the first time, processing 700,000 barrels per day in an official test by its process licensors.
South African tycoon Johnny Copelyn's HCI is betting its free cash on Namibian oil and gas
Hosken Consolidated Investments has gained 25 percent in the past year and CEO Johnny Copelyn is directing most of its free cash into oil and gas exploration.
French billionaire wants to disinherit his five children and give everything to charity
French billionaire Pierre-Edouard Sterin told the French Senate he wants to disinherit his five children and give his entire fortune to philanthropic causes instead.
Tycoon Anna Mokgokong's Tamasa signs $1.35 billion LNG deal to transform the Eastern Cape's energy landscape
Professor Anna Mokgokong's Tamasa Energy Group has signed a $1.35 billion LNG terminal agreement with Transnet at the Port of Ngqura in South Africa's Eastern Cape.
Deep-Dive Report: Patrice Motsepe’s Second Act
Fresh speculation surrounds Patrice Motsepe's leadership of the Confederation of African Football, with growing talk that the South African billionaire may leave the CAF presidency before his term ends in 2029.
Wealth Intelligence: Othman Benjelloun — The Succession Question
At 93, Othman Benjelloun still holds both the chairman and chief-executive titles at Bank of Africa, still chairs the strategy committee, and by all accounts intends to keep going.
Standard Bank's new report reveals how Africa's wealthiest think about money and why it differs from the West
A new Standard Bank report released June 4 reveals how Africa's wealthiest think about money, risk and wealth transfer in ways that differ sharply from Western norms.
Fidelis Ayebae asked for $12.9 million to keep building Fidson. Investors sent $15.2 million instead
Fidelis Ayebae's Fidson Healthcare has closed its N21 billion ($12.9 million) rights issue 117% oversubscribed, receiving N24.65 billion in applications against N21 billion available, validating three decades of building Nigeria's leading indigenous pharmaceutical manufacturer.
Samaila Zubairu just raised $2 billion for Africa's infrastructure and half the room was Asian banks
Samaila Zubairu's Africa Finance Corporation has closed a $2 billion syndicated loan, its largest ever, with Asian and European banks each accounting for 35% of participating lenders, reflecting deepening global interest in African infrastructure.
Katlego Maphai's Yoco acquires AI startup Dyner to build smarter tools for 200,000 small businesses
South African payments fintech Yoco has made its first known acquisition, buying AI startup Dyner.ai to build smarter tools for independent businesses.