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African Wealth Briefing — Fri., Sept. 4, 2026
Nigeria rejoins FTSE's frontier index on September 21, handing ten of its giants — Dangote Cement, First HoldC…
The Inside Story: The Rule-Maker — How Jean Kacou Diagou Co-Wrote Africa's Insurance Rulebook, Then Built NSIA Into a 12-Country Empire in the Market He Regulated
Jean Kacou Diagou helped write the insurance rulebook for 14 African countries — then quit to compete in the m…
Deep-Dive Report: The Last Empire — Inside the €7 Billion Castel Group, Africa's Biggest Brewer, and the Family War Now Headed to a Singapore Court
The Castel Group is Africa's biggest brewer outside South Africa, sells ~€7 billion a year, and almost no one …
Wealth Intelligence: The Index Effect — Why Nigeria's Return to FTSE's Frontier Index Rewards Dangote and First HoldCo but Leaves Out BUA, UBA and Seplat
Nigeria rejoins FTSE's frontier index on Sept 21, sending global passive capital to ten giants — Dangote Cemen…
6 Nigerian billionaires have companies joining the FTSE frontier index this month
Ten Nigerian stocks join FTSE Russell's frontier index on Sept. 21, including companies part-owned by Aliko Da…
Billionaire Michael Dell's fortune gains $107 billion in 2026 on AI server boom
Michael Dell has added $107 billion to his fortune this year, a gain second only to Elon Musk's, after Dell Te…
Bomaid to the rescue
Bomaid delivers lifeline to Princess Marina’s breast unit Botswana Medical Aid Society (Bomaid) has handed ove…
VW, controlled by billionaire Porsche-Piëch family, cuts 50,000 more jobs
Volkswagen's board has approved 50,000 further job cuts, doubling reductions since 2024. About half fall in Ge…
Elon Musk's SpaceX regains $2 trillion valuation in tech rally
SpaceX closed 6.4% higher on Thursday, clearing $150 a share and restoring a $2 trillion market value for the …
Zulu royal household demands clarity on billionaire Robert Gumede's Tongaat Hulett deal
Zulu Royal Chancellor Malusi Zondi gave Trade Minister Parks Tau five business days to explain the IDC transac…
Billionaire Patrice Motsepe to collect $67.7 million in ARM dividends
ARM's 700-cent final dividend takes Patrice Motsepe's payout for the year to about R1.09 billion, on a holding…
Billionaire Leon Black is suing the House committee investigating Jeffrey Epstein
Leon Black asked a federal court to block House subpoenas seeking documents about his dealings with Jeffrey Ep…
Nepalese billionaire Binod Chaudhary's Wai Wai factory has been ordered to halt production
Billionaire Binod Chaudhary’s Wai Wai business faces regulatory action in India after inspectors found alleged…
Patrice Motsepe's African Rainbow Minerals profit jumped twelve-fold to $248 million
African Rainbow Minerals lifted revenue 25% to R16.3 billion and swung from a gross loss to R4.4 billion profi…
The Kenyatta and Ndegwa families have gained $166 million since agreeing to sell NCBA
NCBA shareholders selling to Nedbank have gained Sh21.4 billion as the South African bank's shares rose 9.5% s…
South African billionaire Adrian Gore's Discovery Bank makes its first profit
Discovery Bank made R370 million against a R68 million loss, and 70% of new customers now come from outside th…
Somi Releases New Album What Does It Take to Bloom?
“African grooves, supple jazz singing and compassionate social consciousness; She is both serious and seductiv…
BDP in turmoil as its President faces corruption charges
The Botswana Democratic Party (BDP), still struggling to recover from its 2024 electoral defeat and gearing up…
United States hands over critical C-130 parts to Botswana Defense Force (BDF) [Image 4 of 15]
Aircraft parts and machinery
United States hands over critical C-130 parts to Botswana Defense Force (BDF) [Image 3 of 15]
Traditional Dance Show from Batswana Tribe (Botswana's people is Batswana)
United States hands over critical C-130 parts to Botswana Defense Force (BDF) [Image 9 of 15]
Botswana Defense Force Officers inspecting aircraft parts at hands over ceremony in Gaborone.
Everton's billionaire owners are looking for new investors after 20 months
The Friedkin Group is working with advisers on an Everton stake sale, less than two years after paying more th…
Hugging Face founders become billionaires in Nvidia's biggest deal
Nvidia is buying Hugging Face for $12.93 billion, making its three founders billionaires a decade after they s…
Capitec, founded by billionaire Michiel le Roux, lists on a second South African exchange next week
Capitec takes a secondary listing on A2X from Sept. 7, in the same week JPMorgan began trading on the alternat…
Billionaire Joesley Batista lobbied Trump to ease Brazil beef tariffs
Brazilian billionaire Joesley Batista reportedly met Donald Trump days before the U.S. president moved to temp…
Dangote Cement, Nestlé Nigeria and First HoldCo are joining the FTSE frontier index
FTSE Russell named 10 Nigerian stocks newly eligible for its frontier index series, including Dangote Cement, …
Elon Musk tells G20 leaders AI will add $20 to $30 trillion a year to the global economy by the end of 2027
Elon Musk told G20 leaders meeting in North Carolina that artificial intelligence will add between $20 trillio…
Jeff Bezos is hiring Amazon's satellite engineers into Blue Origin
Jeff Bezos chairs Amazon and owns Blue Origin outright. His private space company has hired at least 47 engine…
Lee Su-jin cleaned love hotel rooms at 23 and is worth $1.6 billion at 48
Lee Su-jin scrubbed motel rooms at 23. Today his travel platform Yanolja is worth $6.7 billion and he is worth…
The man who sold Wiz to Google for $32 billion is now backing a scam-fighting startup
Assaf Rappaport, who sold Wiz to Alphabet for $32 billion in March, has invested in Guardio in a round valuing…
Eduardo Saverin was pushed out of Facebook and is now worth $32.4 billion
Bloomberg puts Eduardo Saverin at $32.4 billion, making him Brazil's wealthiest person and Singapore's richest…
Botswana wants Aliko Dangote to build its cement, and its rail line, and more
President Duma Boko told Aliko Dangote in Gaborone that Botswana wants big-ticket projects, and pointed to a T…
Why billionaire-controlled BUA, UBA, and Seplat missed FTSE’s Nigeria re-entry
FTSE Russell restored Nigeria to its Frontier Market Index, but billionaire-led giants like BUA, UBA, and Sepl…
Stanbic Bank Botswana Elevates Local Talent Into Key Leadership Roles
Stanbic Bank Botswana is pleased to announce two key leadership appointments at executive level for the busine…
TSW Turns Up The Heat With Gabz Fm This September
There is always something happening in Botswana. A new spot everyone suddenly knows about. A meal you have to …
TANA: Another Gov't contentious project
The Ministry of Transport and Infrastructure will begin trials of the TANA electric bus project in Gaborone as…
Foundation secures medication for retired BDF soldiers
The donation, made by politician Mpho Balopi, is expected to assist retirees who rely on regular medication to…
Billionaire Pierre Castel's family cannot remove the man running its African beer empire
Four branches of the Castel family have publicly distanced themselves from Romy Castel as the fight over Grégo…
Indian billionaire family-linked Savannah Energy strikes gas at a second Nigerian well
Savannah Energy struck gas at a second Nigerian well, but its shares stay suspended over late accounts and net…
Billionaire Johann Rupert's Cartier opens first New Zealand boutique
Cartier has opened its first New Zealand store, on Auckland's Queen Street. It is the eighth in Oceania for th…