Morocco’s royal family’s stake in Attijariwafa Bank gains $1.08 billion in 2024
This highlights Attijariwafa Bank’s position as a leading North African financial institution and the royal family’s key role in the region’s economy.
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Larry Ellison’s Oracle opens research and development center in Morocco
Oracle launches a seven-floor research center in Casablanca to drive AI and cloud innovation across Africa
Egyptian property billionaire Hisham Talaat Moustafa loses $78.5 million
TMG stock slumps 7%, wiping $78 million from Hisham Talaat Moustafa’s holdings amid Egypt’s cooling real estate sector.
Egyptian businessman Hani Berzi loses $4 million as Edita shares fall
The decline marks another blow for Berzi, who chairs the Cairo-based snack maker and owns a 44.07-percent controlling stake.
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East Africa's first billionaire hands over multi-million-dollar faculty complex in Uganda
The project, delivered by Vcon Construction, the construction arm of the Ruparelia Group, was reportedly completed in just under two years.
Dis-Chem founder Ivan Saltzman restructures $377.7 million stake among heirs
Dis-Chem’s Ivan Saltzman restructures $377.7 million stake, transferring shares to heirs in a move reinforcing family control, succession, and executive alignment.
Tanzanian businessman Said Bakhresa plans $500 million factory expansion
The move is aimed at boosting production and reinforcing the company’s leadership in the regional market.
Egyptian businesswoman Hend El-Sherbini expands IDH with $8 million CAIRO RAY acquisition
IDH moves deeper into radiology with $8 million CAIRO RAY deal.