Naguib Sawiris adds nearly $600 million to fortune, maintains spot among Africa’s richest
The Egyptian billionaire’s wealth growth is attributed to the performance of his diversified investment portfolio.
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Simbisa Brands to add 31 stores, exceeding 750 by fiscal year-end 2025
Simbisa Brands plans 31 new outlets and refurbishes 44 stores in 2025 to expand market share and enhance customer experience.
Ahmed Ezz’s Ezz Steel stake loses $280 million from currency devaluation
Ezz, who controls 66.4 percent of the Cairo-based steel giant—equivalent to 360,727,978 shares—has suffered a loss of $280.85 million in his stake since the start of the year.
Alami Lazraq’s stake in Moroccan real estate firm gains over $300 million
Lazraq’s stake, amounting to 11,414,630 shares, has gained MAD3.09 billion ($308.31 million) in market value since the beginning of the year.
Meet Nevine Sabbour: Trailblazing banker leading Egypt’s most valuable company
Nevine Sabbour became the first woman to chair Commercial International Bank (CIB) in September 2024, a historic first for Egypt’s banking sector.
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UBA targets Saudi Arabia for expansion by 2025
Pan-African bank eyes Middle Eastern growth as profits surge.
The 8 biggest donations by Patrice Motsepe: How he is building a legacy of impact
Patrice Motsepe’s transformative philanthropy showcases his commitment to addressing Africa’s pressing challenges, building a legacy of impact that extends far beyond his business success.
Ahmed Heikal: Visionary leader driving Qalaa Holdings' success and Egypt's economic growth
Ahmed Heikal’s visionary leadership has propelled Qalaa Holdings to the forefront of Egypt’s economic transformation, making a lasting impact on the country’s growth and development.
Stephen Saad’s Aspen stake drops $99.7 million in 2024
This downturn is driven by a sustained decline in the market value of his holdings in Aspen Pharmacare, Africa's largest pharmaceutical company.