African billionaire foundations strategy Archives

Nigerian billionaire Abdul Samad Rabiu becomes Africa’s second-richest as fortune hits $15.8 billion

Nigerian billionaire Abdul Samad Rabiu reaches $15.8 billion net worth, becoming Africa’s second-richest as BUA Cement shares rally.

Omokolade Ajayi May 4, 2026

Business Hot News

South African court denies bail to businessman Shaun Roos in $95 million Cape contracts case

Cape Town court denies bail to businessman Shaun Roos over $95 million corruption case tied to municipal contracts and bribery allegations.

Feyisayo Ajayi May 4, 2026

Suluhu Hassan, Kagame expand Tanzania-Rwanda ties on trade, energy

Business Technology

East Africa gains as Tanzania, Rwanda deepen economic ties

Trade links between Tanzania and Rwanda are entering a new phase as both countries move to strengthen cooperation in commerce, infrastructure and energy, underscoring a wider push for economic integration across East Africa. The renewed partnership follows talks in Dar es Salaam between Samia Suluhu Hassan and Paul Kagame, where both leaders agreed to broaden cooperation in trade, investment, transport,…

Oluwatosin Alao May 4, 2026

Business Hot News

Mauritius’ Zafiri fund targets $1 billion valuation with IFC’s $120 million off-grid push in Africa

Zafiri targets $1 billion valuation as IFC commits $120 million to expand off-grid energy and clean cooking access across Africa.

Feyisayo Ajayi May 4, 2026

Business Hot News

Standard Chartered to sell East Africa HQ as it scales back presence

Standard Chartered sells its Nairobi headquarters as part of an Africa and Middle East restructuring focused on efficiency and wealth banking.

Timilehin Adejumobi May 4, 2026

Tag: African billionaire foundations strategy

How African billionaires use foundations to protect wealth and business empires

Nigerian billionaire Abdul Samad Rabiu becomes Africa’s second-richest as fortune hits $15.8 billion

South African court denies bail to businessman Shaun Roos in $95 million Cape contracts case

East Africa gains as Tanzania, Rwanda deepen economic ties

Mauritius’ Zafiri fund targets $1 billion valuation with IFC’s $120 million off-grid push in Africa

Standard Chartered to sell East Africa HQ as it scales back presence

Nigerian billionaire Abdul Samad Rabiu becomes Africa’s second-richest as fortune hits $15.8 billion

South African court denies bail to businessman Shaun Roos in $95 million Cape contracts case

East Africa gains as Tanzania, Rwanda deepen economic ties

Nigerian billionaire Abdul Samad Rabiu becomes Africa’s second-richest as fortune hits $15.8 billion

South African court denies bail to businessman Shaun Roos in $95 million Cape contracts case

East Africa gains as Tanzania, Rwanda deepen economic ties

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