Palantir, led by Black billionaire Alex Karp, lands $10 billion U.S. Army contract
Palantir lands $10 billion U.S. Army contract as CEO Alex Karp drives AI-powered defense modernization.
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Top 10 most expensive hotel rooms in Africa
From the dusty plains of the Serengeti to the glittering harbors of Cape Town, Billionaires.Africa profiles the ten most expensive hotel rooms in Africa.
Moroccan businessman Alami Lazraq loses $33 million as ADI shares fall
Alami Lazraq’s stake in ADI drops $33 million as shares slide, reversing a sharp rally in Morocco’s real estate market.
South Africa’s richest man Johann Rupert’s Remgro to unbundle shares in eMedia Holdings
Rupert’s Remgro to unbundle eMedia Holdings shares in a move aimed at streamlining media holdings and boosting shareholder value through direct exposure.
South African billionaire Jannie Mouton gains $52 million from Capitec stake
Capitec Bank's stock rally boosts Mouton's fortune, reinforces bank’s status as Africa’s leading retail bank.
Nigerian oil mogul Wale Tinubu’s Oando reports $1.12 billion in half-year revenue
The company also posted a net profit of $41.3 million, boosted by a tax credit and a recovery from earlier losses tied to asset impairments.
Seplat, co-founded by Austin Avuru, reports nearly $1.4 billion in half-year revenue
Seplat Energy posts $1.4 billion H1 2025 revenue, up 231%, as oil sales soar; profit falls 45% on tax bill and rising admin costs.
South African billionaire Zak Calisto’s Karooooo to pay $38.6 million dividend to shareholders
Karooooo, led by Zak Calisto, approves $38.6 million dividend as revenue surges, fueled by Cartrack subscriptions and logistics growth in early FY 2026.
ArcelorMittal South Africa, linked to Noluthando Gosa, reports $52 million loss
ArcelorMittal SA posts $52 million H1 2025 loss as weak demand, lower prices, and rising debt weigh on margins despite IDC support and cost cuts.
Africa’s richest man, Aliko Dangote, nears $29 billion fortune as refinery listing looms
Dangote nears $29 billion net worth with refinery listing plans and strong gains in cement, sugar, and energy.
Nigerian oil mogul Wale Tinubu’s Oando plans $1.2 billion solar power project
Oando to build $1.2 billion solar panel factory with Africa’s first recycling line, expand drilling, and raise $327.5 million for clean energy growth.
Shelf Drilling secures two-year contract extension with Conoil in West Africa
Shelf Drilling renews Nigeria offshore deal with Conoil through 2027, with option to extend to 2028 in OMLs 153 and 59.
Kenyatta family took in up to $22 million in 2022 from Nairobi Expressway build
The Kenyatta family earned up to $22 million in 2022 from land and sand deals during the $682 million Nairobi Expressway construction, records show.
Zimbabwean tycoon Ken Sharpe’s WestProp begins work on $4 billion smart city in Harare
Conoil Producing extends its partnership with Shelf Drilling through 2027 to advance offshore work, following the launch of its Obodo crude grade.
South African tycoon Barry Swartzberg's Discovery stake falls by $13.7 million
Discovery shares dip 4.33% on JSE, wiping $13.7 million from Barry Swartzberg’s stake and pushing market value below $8 billion.
Serena Williams backs infant formula startup Nara Organics in $32 million round
Serena Williams has invested in Nara Organics, a new infant formula startup that offers a USDA-certified, FDA-registered organic whole milk formula designed to meet both U.S. and European standards.