Naguib Sawiris lists Almaza Bay estate for $12.5 million
Egypt’s second-richest man Naguib Sawiris to sell coastal property amid investment expansion.
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Raya Holdings completes $24.7-million deal to boost growth
This move is seen as a critical step to accelerate Raya's growth trajectory and enhance its operational capabilities.
Bank of Africa posts $277.8-million profit in H1 2024
Bank of Africa led by Moroccan billionaire Othman Benjelloun sees 31.4-percent surge in profit for H1 2024 despite tough economic conditions.
Orascom Construction partners with Modon for Egypt’s Ras El Hekma mega project
Orascom Construction, a global engineering leader, expands its footprint with the Ras El Hekma mega project.
TMG Holding partners with Huawei to launch Egypt's first AI cloud services
Building on their existing relationship in smart cities and sustainable solutions, TMG and Huawei plan to reshape Egypt’s urban landscape.
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Absa Bank appoints South African executive Charles Russon as interim CEO
Absa Bank has appointed South African executive Charles Russon as interim CEO, ensuring stability as the search for a permanent successor begins following the retirement of Arrie Rautenbach
Mauritian tycoon Hector Espitalier-Noel’s ENL Limited reports $2.4-million profit surge amid strong diversification
Espitalier-Noel’s ENL Limited posts a 24-percent profit increase, reaching $2.4 million, driven by successful diversification in key sectors like hospitality, real estate, and commerce.
Nigerian mogul Wale Tinubu’s Oando competes for acquisition of $15-billion Petrotrin refinery in Trinidad
Nigerian mogul Wale Tinubu's Oando Plc has been shortlisted as one of three final contenders to acquire Trinidad and Tobago's $15-billion Petrotrin refinery, marking a potential major expansion into the Caribbean energy market
Absa partners with IFC to launch $50-million trade facility for African farmers
This follows a recent collaboration between Absa and IFC, which resulted in a $60 million trade finance facility for Volcafe, a leading global green coffee merchant.