Nassef Sawiris approaches $10-billion net worth: Key companies driving his wealth
Egyptian billionaire Nassef Sawiris' net worth nears $10 billion, up $1.26 billion this year, thanks to strong performance in OCI and Adidas stocks.
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Madinet Masr, led by Egyptian tycoon Abdallah Sallam, eyes Saudi expansion
Madinet Masr signs MoU with Waheej to co-develop real estate projects in Saudi Arabia, marking a key move in its regional growth strategy.
Ghabbour family, among Egypt’s richest, gains $40 million on GB Corp shares
The Cairo-based automaker is still largely steered by the Ghabbour family, who remain deeply involved in shaping its future.
Hisham Talaat Moustafa’s TMG eyes $2.4 billion in sales from Sharm Bay project
The project, located near Sharm El-Sheikh, reflects the group's growing focus on high-end tourism and residential investments.
Moroccan billionaire Alami Lazraq gains $78 million from ADI shares
This is a reversal from early May when ADI came under pressure. Between May 6 and May 22, Lazraq’s stake lost MAD570.53 million ($61.78 million) in market value.
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Eswatini’s richest man Natie Kirsh loses $300 million
Natie Kirsh’s fortune drops by $300 million, trimming his 2025 year-to-date gains to $774 million after a recent two-month surge.
Patrice Motsepe’s ARM hedges part of $1.1 billion Harmony Gold stake
Although ARM remains a committed long-term investor in Harmony Gold, the company has taken steps to improve liquidity.
Access Holdings, led by Aigboje Aig-Imoukhuede, takes over Gambian bank
Access Holdings, led by Aigboje Aig-Imoukhuede, has acquired Standard Chartered Bank Gambia, ending the British bank’s 130-year presence in the country.
Aliko Dangote's refinery to begin nationwide fuel distribution in August
It is ready to deploy 4,000 new Compressed Natural Gas (CNG)-powered tankers to enhance last-mile delivery and fuel accessibility across Nigeria.