Moroccan real estate mogul Alami Lazraq's ADI stake hits $610 million
Alami Lazraq’s stake in ADI rises to $610 million, fueled by a nearly 8% surge in shares over 25 days.
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Alami Lazraq’s stake in ADI rises to $610 million, fueled by a nearly 8% surge in shares over 25 days.
The deal is set to strengthen Elsewedy Electric’s energy solutions portfolio and open up new opportunities in fast-growing markets.
MNT-Halan raises EGP 2.5 billion ($49.4 million) in bonds to expand its Egyptian loan book and fuel growth.
Kenyan businessman wins 30-year lease to operate Nzoia Sugar Factory, advancing Kenya’s privatization drive to revive its struggling sugar sector.
In just 26 days, his stake increased by $5 million, driven by a 12.56 percent jump in share price.
Uganda's wealthiest drive growth through real estate, finance, and manufacturing, shaping the nation's rise as East Africa’s emerging private sector hub.
Charles Molapisi is leading MTN South Africa’s rollout of affordable smartphones to help bridge the digital divide and expand access to 4G and 5G networks.
The Saltzman family’s Dis-Chem stake surged by $53.5 million, recovering earlier losses and reinforcing their position among South Africa’s richest investors amid renewed market confidence.
Kenya’s wealthiest women are forging cross-sector empires, driving East Africa’s economic growth through strategic leadership and investments in finance, real estate, agriculture, and manufacturing.
The sprawling development, set in the fast-growing New Zayed City in West Cairo, will span 84 feddans.
NCBA Group earned $2.1 million from its full acquisition of AIG Kenya, boosting its financial services footprint and expanding long-term customer value.
FCMB Group, led by Ladi Balogun, reported strong Q1 2025 results with gross earnings of $157 million, solidifying its position among Nigeria’s top financial institutions.
Dangote Sugar expands into Ghana with a $162 million project to reduce imports, boost agro-industrial output, and support local supply under AfCFTA.
Rite Foods sues Mamuda Beverages for $1 million, accusing the company of copying its Fearless Energy Drinks’ design and infringing on its trademark.
This comes after growing complaints from tourists about poor management, aggressive traders, and disturbing reports of animal cruelty.
The recent rally has boosted the market value of the Ghabbour family’s 63.4% stake by $23.48 million, increasing from $279.94 million to $303.42 million.