America’s richest Black person, Alex Karp gains $2.1 billion, net worth hits $14.2 billion
Palantir CEO Alex Karp adds $2.1 billion, boosting his net worth to $14.2 billion and securing his spot as America’s richest Black billionaire.
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Africa's richest man Aliko Dangote steps down as chairman of cement company
Dangote's move is seen as part of a broader leadership transition.
Nigerian tycoon Abdullahi Bashir Haske detained by law enforcement in corruption probe
Abdullahi Bashir Haske has reportedly been detained by the EFCC amid an expanding corruption probe involving alleged money laundering, shell companies, and questionable oil contracts tied to NNPCL and private jet operations.
I&M Group, founded by Suresh Bhagwanji Shah, expands reach with new Mount Kenya branch
I&M expands in Kenya’s Mount Kenya region with eco-branch, boosting inclusive banking and regional investment.
Aliko Dangote turns to Angola tankers as Nigeria misses out on $400 million shipping revenue
Dangote’s $19 billion refinery uses Angola’s tankers as Nigeria’s stalled shipping sector misses out on $400 million annual freight revenue.
Southern Sun, led by John Copelyn, confirms role in $84 million Umhlanga hotel project
Construction is expected to wrap up by the end of 2027, adding to the development’s overall scale and prestige.
BUA Cement, owned by Nigerian billionaire Abdul Samad, posts $380 million in half-year revenue
BUA Cement posts $380 million in revenue and $118 million in profit, fueled by Nigeria’s construction boom and strong leadership from Abdul Samad Rabiu.
South African billionaire Patrice Motsepe loses $100 million as ARM plans to cut jobs
Patrice Motsepe’s wealth drops by $100 million as African Rainbow Minerals cuts jobs, faces legal heat, and battles falling mining profits.
PIC boosts stake in South African billionaire Christo Wiese-backed Pepkor to $870 million
PIC raises its stake in Pepkor to 15.46% with $31 million purchase, deepening its $874 million position as Ibex exits Christo Wiese-backed retail group.
Ugandan tycoon Charles Mbire-led MTN Uganda unveils fintech spin-off
MTN Uganda will spin off its mobile money unit into a standalone fintech firm, aiming for IPO and long-term growth in East Africa's digital economy.
Eswatini’s richest man Natie Kirsh’s net worth drops to $10 billion
Natie Kirsh’s net worth drops to $10 billion after asset revaluation, but his global investments and dealmaking remain strong.
Aliko Dangote’s sugar business posts $281 million half-year revenue
Dangote Sugar’s H1 2025 revenue surged 45.53% to $281.7 million, driven by strong 50kg bag sales and demand growth across all key Nigerian regions.
South Africa to sell homes of Indian-born Gupta brothers amid corruption fallout
Gupta mansions tied to state capture go to auction in Saxonwold, marking a symbolic step in South Africa’s anti-corruption journey.
South African-born billionaire Patrick Soon-Shiong wants the public to own Los Angeles Times
Patrick Soon-Shiong aims to open L.A. Times ownership to the public while boosting media trust and civic participation.
Kenyan oil tycoon Abdinasir Ali Hassan eyes Mozambique gas, energy deals
Abdinasir Ali Hassan's Hass Petroleum, which distributes petroleum products in more than 11 countries across East Africa, is looking to venture into upstream operations.
South Africa’s newest billionaire Zak Calisto leads Karooooo to $72 million in Q1 revenue
Zak Calisto leads Karooooo to $72 million in Q1 revenue, driven by Cartrack’s SaaS growth and Southeast Asia expansion.