African Wealth Briefing — Fri., April 3, 2026
Chivayo sued for $25 million and three Rolls-Royces, McKorley loses his Kotoka FBO licence in a 1am raid, 117 CSOs challenge Jimoh Ibrahim's UN posting, and Adebutu's Wema Bank stake hits N314.6 billion.
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Chivayo sued for $25 million and three Rolls-Royces, McKorley loses his Kotoka FBO licence in a 1am raid, 117 CSOs challenge Jimoh Ibrahim's UN posting, and Adebutu's Wema Bank stake hits N314.6 billion.
GTCO posts record N1.23 trillion profit, Moniepoint enters Kenya with a 78 percent bank acquisition, Innoson denies a Ghana relocation, and BET founder Robert L. Johnson quietly reclaims his billionaire status.
Afreximbank commits $2.5 billion to Dangote's refinery, Rupert's Remgro takes full control of Mediclinic for $950 million, Sysco buys Nathan Kirsh's Jetro for $29.1 billion, and Motsepe's ARM moves into Canadian copper.
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.
Motsepe leads the ANC poll with 33 percent, private jet war-risk surcharges hit $50,000 per flight, Airtel Africa pushes the NGX past 200,000 points, and Optasia's founder sells R1.48 billion to FirstRand.
Remgro's CEO warns of South African fuel shortages, while Dangote's refinery pushes back on IPO rumors.
Dangote confirms plans to double refinery capacity to 1.4 million bpd, Rupert's Richemont slides on China's luxury slump, NCBA posts $180 million profit ahead of Nedbank's $856 million takeover bid, and a Nigerian court forfeits $13 million tied to Aisha Achimugu.
Dangote hits $32.5 billion and climbs to 64th globally, Rupert's Remgro lifts its dividend 80 percent, Elumelu hands $16 million to 3,200 young entrepreneurs, and Durban signs a deal to build Africa's first superyacht hub.
Ivanhoe ships its first copper through the Lobito Corridor, Eni unlocks Nigeria's OPL 245 after 30 years, Attijariwafa eyes a stake in AI startup Mistral, Masiyiwa's Cassava strikes a USDC deal with Circle, and Namibia blocks Starlink.
Dangote's refinery has shipped 456,000 tonnes of fuel to five African countries, Rabiu adds $4 billion to his net worth as BUA Group expands, OnlyFans billionaire Leonid Radvinsky dies at 43, and Tagwirei pledges $350,000 to Zimbabwe's main psychiatric hospital.
South Africa wants a 12-month fuel deal with Dangote as the Iran war chokes off Middle East supplies.
Bolloré faces trial over Togo and Guinea port corruption charges, Motsepe's ARC fights a $195 million jurisdictional battle, Elumelu deploys $16 million to 3,200 African entrepreneurs, and a Kenyan fuel tycoon picks up a prime Karen estate at auction.
Macron taps Tony Elumelu to lead France's Africa Impact Coalition, Rostam Aziz's gold project hits 97% recovery in Tanzania, Indian billionaire Ravi Jaipuria enters South African dairy, and Warner Music faces a Nigerian lawsuit over the Burna Boy catalogue.
Three South African founders became instant billionaires after selling BVNK to Mastercard for $1.8 billion, Dangote's refinery powered Nigeria to a $4.23 billion balance of payments surplus, and Zenith Bank hit an all-time high on plans for a London listing.
The Economist says Dangote's empire isn't as innovative as he claims, Rupert is fighting a friend over a R2.3 billion Stellenbosch deal, Transcorp just posted record revenue of $399 million, and Motsepe is being tipped as South Africa's next president.
Dangote is supplying 92% of Nigeria's petrol and just signed a $4.2 billion deal to build East Africa's biggest fertilizer plant — plus Mahama circles a Ghanaian gold mine, TMG tops Egypt's developer rankings, and Starlink goes live in the Central African Republic as Iranians beg for access.