Egypt’s richest man Nassef Sawiris's net worth grows by $1.15 billion
His wealth increase puts him among the select African billionaires whose wealth has swelled by over a billion dollars this year.
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Algeria’s richest man Issad Rebrab hit as Brandt folds, 700 jobs lost
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Egyptian billionaire Ahmed El-Sewedy gains $116 million in Elsewedy stake
Egyptian billionaire Ahmed El-Sewedy adds $115.93 million to his Elsewedy Electric stake as shares climb and market value strengthens.
Egyptian billionaire Yasseen Mansour’s Palm Hills inks $18.2 million deal in UAE
Palm Hills, led by billionaire Yasseen Mansour, secures $18.2 million lease and UAE trademark deal, boosting its Gulf expansion strategy.
Edita, led by Egyptian tycoon Hani Berzi, plans $84 million expansion
Edita Food Industries, led by Hani Berzi, plans $84 million expansion to boost production in Egypt, Iraq, and Morocco.
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Algeria’s richest man Issad Rebrab hit as Brandt folds, 700 jobs lost
Algeria’s richest man Issad Rebrab faces setback as Brandt folds, 700 jobs lost and foreign investment challenges grow.
Presco, led by Nigerian tycoon Rasheed Sarumi, adds 10,000 hectares
Presco, chaired by Rasheed Sarumi, expands its palm oil operations with a 10,000-hectare land acquisition in Cross River State.
Egyptian billionaire Ahmed El-Sewedy gains $116 million in Elsewedy stake
Egyptian billionaire Ahmed El-Sewedy adds $115.93 million to his Elsewedy Electric stake as shares climb and market value strengthens.
Nigerian billionaire Abdul Samad Rabiu gives $20.7 million to long-serving employees
Abdul Samad Rabiu shares $20.7 million in cash rewards with long-serving BUA Group employees, reinforcing loyalty across the conglomerate.