African Wealth Briefing — Mon., Sept. 14, 2026
Africa's largest-ever IPO opens today: Dangote's refinery begins selling ₦2.15 trillion of shares to a target of 10 million Nigerians.
Newsletter
African Wealth Briefing — Sat., Sept. 12, 2026
A single prospectus revealed Aliko Dangote owns 87% of his refinery — and revalued Africa's richest man to $54 billion overnight.
African Wealth Briefing — Wed., Sept. 9, 2026
An 81-year-old Benin-born engineer who once ran Gabon's oil quietly holds $1.43 billion of Nigerian oil shares — one of several fortunes hiding in plain sight over the weekend.
African Wealth Briefing — Fri., Sept. 4, 2026
Nigeria rejoins FTSE's frontier index on September 21, handing ten of its giants — Dangote Cement, First HoldCo, MTN — a wave of global passive capital, while BUA, UBA and Seplat are left out. And Aliko Dangote said his refinery's $5 billion IPO, set to be Africa's largest, opens within twelve days.
African Wealth Briefing — Wed., Sept. 2, 2026
Jannie Mouton, one of South Africa's most admired investors, admitted that unbundling PSG's Capitec stake in 2003 cost the firm $1.4 billion — a rare confession of the one that got away.
African Wealth Briefing — Tues., Sept. 1, 2026
Nigeria's oil refining just posted its strongest quarter on record, up 43.94% — and Aliko Dangote's refinery is the only reason.
African Wealth Briefing — Mon., Aug. 31, 2026
An Angolan independent used a legal right of first refusal to snatch two of Chevron's oil blocks from a London-listed bidder — the clearest sign yet that as the majors retreat, African oil is passing into African hands.
African Wealth Briefing — Fri., Aug. 28, 2026
Koos Bekker, author of perhaps the greatest venture bet in history, set his 2028 retirement — in a room of investors revolting over the structure that keeps Naspers trading below the value of its assets.
African Wealth Briefing — Mon., Aug. 24, 2026
Morocco's royal family holds $17.5 billion of the country's listed companies through one vehicle, Al Mada — and the kingdom minted a brand-new billionaire the same week.
African Wealth Briefing — Fri., Aug. 21, 2026
Nassef Sawiris lifted his OCI stake to 57.5%, closing in on taking private the chemicals empire he spent two years dismantling. And Aliko Dangote is $5 billion richer as his refinery became Europe's biggest supplier of jet fuel and diesel after the Strait of Hormuz closed.
African Wealth Briefing — Mon., Aug. 17, 2026
Nathan Kirsh, a 94-year-old few outside the trade had heard of, crossed $20 billion — the third African ever — after agreeing to sell his cash-and-carry empire to Sysco for $29.1 billion.
African Wealth Briefing — Thurs., Aug. 13, 2026
Christo Wiese, who built Africa's largest retailer, says Pick n Pay fell behind for one reason: it paid dividends instead of reinvesting. And MSC, the world's biggest shipping line, has committed to a 45-year, billion-dollar terminal at Maher Jarmakani's private Lagos port.
African Wealth Briefing — Mon., Aug. 10, 2026
Egypt's MNT-Halan will list only its Egyptian arm, at up to $1 billion, keeping its Turkish, Pakistani and Gulf businesses private. And Julius Rone is targeting September for the go-ahead on Nigeria's first floating LNG plant — built to capture gas the country has spent decades burning off.
African Wealth Briefing — Fri., Aug. 7, 2026
Nicky Oppenheimer sold De Beers for $5.1 billion in 2011; the whole company is now being sold for about $1 billion — one of the best-timed exits in business history. And Femi Otedola's bank rally rolls on, his First HoldCo stake crossing $1.2 billion at a record N140.
African Wealth Briefing — Mon., Aug. 3, 2026
Femi Otedola signals he wants outright control of Nigeria's most valuable bank — after pouring in $432 million and gaining $106 million in four days.
African Wealth Briefing — Sat., Aug. 1, 2026
Angola turned an asset it seized from Isabel dos Santos into the largest IPO in its history. And Patrice Motsepe's near-billion-dollar platinum bet drew a rare vote of doubt, as the market marked his miner down 21% while its rivals rose.