Khamis family loses over $44 million from Oriental Weavers stake
This decline reversed a $17.05 million gain for the Khamis family between October 9 and 15.
Related
Moroccan royal family's Al mada Ventures backs WafR with co-led $4M seed round investment
Almada Ventures joins LoftyInc and Attijariwafa to fuel WafR’s expansion as it deepens digital financial access for Morocco’s small retailers.
Egyptian billionaire Hisham Talaat Moustafa’s TMG posts $381 million profit after 43% surge
Egypt’s Talaat Moustafa Group says 2025 net profit rose 43% to EGP 18.2bn, fueled by stronger real estate and hotel revenue and a larger sales backlog.
Tunisian businessman Abdelwaheb Ben Ayed’s Poulina Group moves ahead with bid for cheese maker LandOr
Poulina Group Holding has launched a bid for a majority stake in LandOr, signaling a new push to strengthen its agri food business.
Egyptian billionaire Naguib Sawiris says anger cost him €500 million in failed investment bet
Naguib Sawiris says an angry investment decision wiped out €500 million, as the Egyptian billionaire reflects on risk and discipline.
Latest
Aliko Dangote swaps luxury lifestyle for bold Nigeria industrial push
Aliko Dangote gave up luxury cars and global homes to focus on building factories and transforming Nigeria’s industrial future
Billionaire-backed Zoho ramps up South Africa push with plans for local data centers
Zoho is considering data centers in South Africa as the Vembu family owned software firm rides a 50% surge across Africa.
Regius Capital makes market debut with $20 million Johnvents commercial paper deal
Regius Capital debuts in Nigeria’s debt market, backing Johnvents’ $20 million commercial paper issuance under its broader programme.
Nigerian business tycoon Taiwo Afolabi’s SIFAX Group trains 90 Lagos students in AI
SIFAX Group trains 90 Lagos students in AI and tech skills, expanding its youth empowerment drive across communities in Nigeria.