U.S. billionaire Vivek Ramaswamy’s Atlas Atomics raises $400 million at $1.9 billion valuation
Vivek Ramaswamy's nuclear startup Atlas Atomics has raised about $400 million at a $1.9 billion valuation in a round led by General Catalyst.
Malagasy billionaire Hassanein Hiridjee’s Axian signs deal for 200 MW Zambia solar plant
Hassanein Hiridjee’s Axian has signed a power purchase agreement with Africa GreenCo for the 200 MW Kudu solar plant, its biggest project yet in Zambia.
Zimbabwean billionaire Kudakwashe Tagwirei named economic development minister
President Emmerson Mnangagwa has named his close ally Kudakwashe Tagwirei minister of economic development and investment promotion, with Mthuli Ncube keeping the finance portfolio.
South African billionaire Christo Wiese’s Premier Group faces bid to overturn R6 billion RFG merger
South African billionaire Christo Wiese’s Premier Group is fighting the Competition Commission’s bid to revoke its nearly R6 billion RFG merger.
U.S. billionaire Josh Kushner builds $17.5 billion fortune as Thrive expands beyond venture capital
Josh Kushner's fortune has reached an estimated $17.5 billion as Thrive Capital, now managing over $65 billion, expands beyond venture capital.
Zimbabwean billionaire Strive Masiyiwa’s Cassava brings back Dan Kwach to lead AI data centre push
Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies brings back Dan Kwach to lead its AI data centre expansion across Africa.
South African billionaires GT Ferreira and Laurie Dippenaar buy into Airbnb rival
FirstRand co-founders GT Ferreira and Laurie Dippenaar’s family offices joined a consortium that bought LekkeSlaap, a South African rival to Airbnb.
Egyptian billionaire Nassef Sawiris wins Dutch court fight with OCI shareholders
The Amsterdam Enterprise Chamber rejected minority shareholders’ request for an inquiry into OCI, a win for Nassef Sawiris as his €4.10 buyout offer proceeds.
Chinese billionaire George Zhu's Africa phone giant Transsion launches Hong Kong IPO
Transsion, the Tecno and Infinix maker that sells more phones in Africa than rivals, is raising up to HK$3.36 billion in a Hong Kong listing.
World's richest man Elon Musk's SpaceX seeks $40 billion to buy Nvidia chips
Elon Musk’s SpaceX is seeking $10 billion in bank loans and $30 billion in investment-grade debt, led by Apollo, to fund a Nvidia chip order.
Egyptian cable giant Elsewedy's investment arm exits university venture
Al Ahly Capital is buying El Sewedy Capital's 40% stake in a New Damietta university venture with CIRA due to open in 2027.
South African billionaire Jannie Mouton's R7.2 billion Curro gift tops a year of giving
Wealthy South Africans gave about R6 billion in 2025, led increasingly by women, Black donors and under-40s, a figure excluding Jannie Mouton's Curro buyout.
UAE royal Sheikh Tahnoon-linked IRH bids for Mozambique titanium miner Kenmare
Abu Dhabi's International Resources Holdings has made a non-binding cash proposal for Kenmare Resources, which runs Mozambique's Moma titanium mine.
South African-born billionaire Patrick Soon-Shiong leads $75 million funding round for drug-making robotics startup
South African born billionaire Patrick Soon Shiong has led a $75 million Series B funding round for biotech startup Multiply Labs through NantWorks.
Billionaire Michael Dell closes in on Larry Page after Dell shares add $8.7 billion in a day
Michael Dell's fortune rose $8.7 billion to $280.6 billion on Tuesday as Dell Technologies shares gained 3.9%, leaving him $4.3 billion behind Larry Page.
Kenyan billionaire heiress Mary-Ann Musangi's Haco signs Ghana manufacturing deal
Mary-Ann Musangi's Haco Industries will make its Amara skincare lotion in Ghana through a partnership with Ayewa Aberfur, as it pushes into West Africa.