7 African Billionaires Betting Big on Cement
From Lagos to Casablanca, homegrown moguls turned limestone into fortunes, reshaping Africa’s cement map and building booms.
Anas Sefrioui
Moroccan billionaire Anas Sefrioui loses $135 million as Addoha slides
Moroccan billionaire Anas Sefrioui loses $134.9 million as Addoha shares slide, cutting the value of his majority stake below $1.03 billion.
Moroccan billionaire Anas Sefrioui's stake in ADH rebounds above $1.1 billion
Moroccan billionaire Anas Sefrioui regains $170 million as ADH shares rebound on the Casablanca Bourse.
Moroccan billionaire Anas Sefrioui loses nearly $200 million in Addoha stake
Anas Sefrioui’s stake in Groupe Addoha drops $199 million after shares fall 16 percent amid Morocco property concerns.
Moroccan billionaire Anas Sefrioui's stake in ADH surges above $1.2 billion
Moroccan billionaire Anas Sefrioui’s stake in Morocco’s ADH surpasses $1.2 billion as the property market shows signs of recovery.
Moroccan billionaire Anas Sefrioui gains $57 million from Casablanca-based developer
ADH stock rebound lifts Anas Sefrioui’s stake above $1 billion, signaling renewed confidence in Morocco’s real estate market.
Five new African billionaires have emerged so far in 2025
Five new billionaires join Africa’s top ranks in 2025, led by gains in real estate, banking, and tech sectors.
Moroccan billionaire Anas Sefrioui's stake in ADH rebounds above $1 billion
ADH stock rebound lifts Anas Sefrioui’s stake above $1 billion, signaling renewed confidence in Morocco’s real estate market.
Moroccan billionaire Anas Sefrioui’s stake in Addoha falls below $1 billion
Sefrioui, founder and majority shareholder of Addoha, holds a 64.78 percent stake—equivalent to 260.8 million shares in the Casablanca-based real estate group.
Moroccan billionaire Anas Sefrioui sees $102 million loss in 30 days
This follows a sustained downturn on the Casablanca bourse and rising investor concerns over the company’s financial performance in the 2025 fiscal year.
Moroccan billionaire Anas Sefrioui denies link to Sheffield Wednesday takeover
While he hasn’t ruled out an interest in owning a football club in the future, he made it clear that no talks or plans have been initiated regarding Sheffield Wednesday.
Anas Sefrioui, Moroccan billionaire, eyes English football club
If the deal goes through, Sefrioui would join Nassef Sawiris as one of few African billionaires with stakes in English football.
Moroccan billionaire Anas Sefrioui loses $160 million in 19 days
The dip highlights the challenges investors face amid global economic uncertainty and market conditions.
Top 10 richest people in Morocco
Morocco’s wealthiest individuals are driving economic growth, influencing sectors like real estate, finance, energy, and pharmaceuticals, and enhancing Africa's economic footprint.
Anas Sefrioui surpasses Akhannouch and Benjelloun to become Morocco's richest man
Anas Sefrioui returns to Africa’s billionaire list with a net worth of $1.7 billion, surpassing PM Akhannouch and banking tycoon Benjelloun.
Moroccan billionaire Anas Sefrioui secures $27 million loan for 5,600 homes in Abidjan
The project includes 4,600 homes for lower-middle to middle-income buyers and up to 1,000 for lower-income families.