Kenya’s largest landowner loses $9.5 million on NCBA stake
This drop comes after a significant fall in the bank’s share price on the Nairobi Securities Exchange (NSE).
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Ahmed Wadi’s Money Fellows raises $13 million to expand beyond Egypt
This brings the Cairo-based fintech startup's total funding to just over $60 million.
IHS stake of U.S.-Nigerian telecom executive Sam Darwish tops $60 million
This is linked to an increase in IHS Holding’s share price on the New York Stock Exchange (NYSE), driven by renewed investor confidence.
Kenya gets $20 million from World’s richest investor after Trump's grant cuts
The donation, part of the external funding for Kenya’s 2025/26 budget, marks another significant philanthropic effort by the 94-year-old billionaire.
GEIL completes $400 million onshore project under Anthony Adegbulugbe
Anthony Adegbulugbe’s GEIL completes the $400 million Otakikpo terminal, Nigeria’s first indigenous onshore crude export hub in over 50 years.
World’s first Black billionaire leads real estate trust to $328 million Q1 revenue
RLJ Lodging Trust posted $328.1 million in Q1 revenue, a modest gain, as hotel conversions offset margin pressure, pulling net income down to $3.2 million.
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.
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.
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.
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.
Sulaiman Adebola Adegunwa’s Rite Foods slams $1 million lawsuit on rival
Rite Foods sues Mamuda Beverages for $1 million, accusing the company of copying its Fearless Energy Drinks’ design and infringing on its trademark.
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.