New Forbes list: Africa’s top 10 billionaires and how they made their fortunes
The latest Forbes ranking of Africa’s billionaires reveals the top 10 richest individuals in 2026, with industrial sectors dominating the sources of their growing wealth.
Finance
Bank of Tanzania (BoT) Raises 7-Day Money Market Rate to 6.09%, Aiming to Stabilize Shilling
the BoT just released its latest money market report. They’ve moved the 7-day interest rate to 6.09% to help stabilize the TShilling against the dollar. It’s a technical move, but it affects everything from your bank loans to the price of imported goods in the shops today.
Trump and Netanyahu Agree on “Maximum Pressure” to Cut Iran Oil Sales
U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed to step up economic pressure on Iran by targeting the country’s oil exports, especially to China, as part of a “maximum pressure” approach.
African Infrastructure Finance Facility (AIF) Launched at the 39th African Union Summit
A new flagship platform was unveiled this morning to mobilize long-term capital for cross-border projects aligned with Agenda 2063.
World Bank Approves $245 Million to Help 2.3 Million in Himachal Pradesh Build Climate-Resilient Infrastructure
The World Bank has approved new financing to help 2.3 million people in Himachal Pradesh, India, build infrastructure resilient to extreme weather. The project focuses on "community-owned" solutions to survive the increasingly volatile climate in the Himalayas.
Heineken Announces Up to 6,000 Job Cuts as Beer Sales Slide
The world’s second-largest brewer, Heineken, announced it would cut up to 6,000 roles over the next two years. The company is facing significant headwinds as global beer sales volume continues to slide amid changing consumer habits.
Botswana Shifts Mining Strategy as Diamond Market Slumps, Eyes Critical Minerals
Facing a sharp downturn in the global diamond market, Botswana plans to survey roughly 70 percent of its unexplored land for critical minerals, Mines Minister Bogolo Joy Kenewendo said this week.
EU Parliament Backs Digital Euro in Strasbourg Vote
European Union lawmakers in a Strasbourg sitting on 10 February 2026 backed plans for a digital euro by approving key amendments supporting the central bank digital currency’s development and strengthening the bloc’s monetary sovereignty.
Gold Futures Rally Past $5,000 as Dollar Weakness and Market Shifts Fuel Demand
Gold futures have reclaimed and settled above the $5,000 per ounce mark, driven by weakening confidence in the U.S. dollar and shifting global market valuations that are reshaping investor behavior.
Naira Holds Steady Against Dollar as CBN’s Matching System Gains Traction
The Nigerian naira traded around ₦1,363 per dollar in official markets, maintaining calm after weeks of stability, as the Central Bank’s electronic matching system appears to reduce wild swings.
