Alex Karp’s Palantir posts $884 million Q1 revenue
Palantir’s Q1 revenue surged 39% to $884 million, powered by AI-driven demand in U.S. commercial and government sectors, marking its most profitable quarter yet.
Billionaires Africa
Moroccan real estate mogul Alami Lazraq's ADI stake hits $610 million
Alami Lazraq’s stake in ADI rises to $610 million, fueled by a nearly 8% surge in shares over 25 days.
Ahmed El-Sewedy’s Elsewedy Electric takes stake to grow oil and gas portfolio
The deal is set to strengthen Elsewedy Electric’s energy solutions portfolio and open up new opportunities in fast-growing markets.
Mounir Nakhla’s MNT-Halan raises $49 million to boost lending in Egypt
MNT-Halan raises EGP 2.5 billion ($49.4 million) in bonds to expand its Egyptian loan book and fuel growth.
Jaswant Rai wins 30-year lease to operate troubled Kenyan sugar factory
Kenyan businessman wins 30-year lease to operate Nzoia Sugar Factory, advancing Kenya’s privatization drive to revive its struggling sugar sector.
Yasseen Mansour gains $5 million from Palm Hills stake
In just 26 days, his stake increased by $5 million, driven by a 12.56 percent jump in share price.
15 richest people in Uganda
Uganda's wealthiest drive growth through real estate, finance, and manufacturing, shaping the nation's rise as East Africa’s emerging private sector hub.
Charles Molapisi leads MTN South Africa's affordable smartphone rollout
Charles Molapisi is leading MTN South Africa’s rollout of affordable smartphones to help bridge the digital divide and expand access to 4G and 5G networks.
South Africa’s Saltzman family gains $53.5 million from Dis-Chem shares
The Saltzman family’s Dis-Chem stake surged by $53.5 million, recovering earlier losses and reinforcing their position among South Africa’s richest investors amid renewed market confidence.
Top 10 richest women in Kenya
Kenya’s wealthiest women are forging cross-sector empires, driving East Africa’s economic growth through strategic leadership and investments in finance, real estate, agriculture, and manufacturing.
Mohamed Edris launches $266 million housing project in Cairo
The sprawling development, set in the fast-growing New Zayed City in West Cairo, will span 84 feddans.
NCBA, backed by Kenya’s richest families, earns $2.1 million from AIG sale
NCBA Group earned $2.1 million from its full acquisition of AIG Kenya, boosting its financial services footprint and expanding long-term customer value.
Ladi Balogun leads FCMB to $157 million gross earnings in Q1 2025
FCMB Group, led by Ladi Balogun, reported strong Q1 2025 results with gross earnings of $157 million, solidifying its position among Nigeria’s top financial institutions.
Aliko Dangote’s sugar business eyes Ghana’s $162 million import market
Dangote Sugar expands into Ghana with a $162 million project to reduce imports, boost agro-industrial output, and support local supply under AfCFTA.
Naguib Sawiris leads $47 million Pyramids of Giza upgrade
This comes after growing complaints from tourists about poor management, aggressive traders, and disturbing reports of animal cruelty.
7 African billionaires pouring millions into the future of sports
Africa’s richest are reshaping sports, from rugby and football to basketball, using wealth to drive youth empowerment, global expansion and local impact.