Hisham Talaat Moustafa’s stake in TMG Holding declines by $105.5 million
This decline follows a previous gain of $89.6 million recorded between Sept. 16 and 29, when Moustafa’s stake rose from $1.25 billion to $1.33 billion.
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Billionaire Yasseen Mansour's Palm Hills posts 29.55 percent profit jump to EGP 4.22 billion in 2025
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
Hesham El Ghoroury's Tiba wins Amethis backing to scale Egypt's rice-based food ingredients export push
Hesham El Ghoroury's Tiba for Starch & Glucose has secured a minority stake from Amethis to scale production capacity and expand into global export markets.
Turkish billionaire Fuat Tosyali pushes Algeria steel complex to 8 million tons with new cold rolling mill
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Latest
South Africa is seeking a 12-month fuel supply deal with Aliko Dangote's refinery as the Iran war chokes off Middle East supplies
South Africa is pursuing a 12-month fuel supply deal with Aliko Dangote's Nigerian refinery as the Iran war disrupts Middle East supply chains.
Ghana's opposition accuses tycoon Ibrahim Mahama of capturing the country's mining sector less than a year after his brother returned to power
Ghana's parliamentary minority is accusing Ibrahim Mahama of capturing the country's mining sector less than a year into his brother's presidency.
The Foschini Group warns both earnings per share and headline earnings will fall more than 20% as weak UK and Australia sales drag down its 2026 results
The Foschini Group has warned both its earnings per share and headline earnings will fall more than 20% for its 2026 financial year.
African Wealth Briefing — Sun., March 22, 2026
Bolloré faces trial over Togo and Guinea port corruption charges, Motsepe's ARC fights a $195 million jurisdictional battle, Elumelu deploys $16 million to 3,200 African entrepreneurs, and a Kenyan fuel tycoon picks up a prime Karen estate at auction.