Egypt's billionaire Elsewedy family bets $700 million on energy services
Egypt's El Sewedy family has announced about $700 million of investment as Elsewedy Electric pushes from cables into power services.
Egypt
Billionaire Naguib Sawiris wants to run some of Egypt's airports
Orascom Investment is forming a consortium with a global airport operator to bid for some of the 11 Egyptian airports going to private hands.
Egyptian billionaire Yasseen Mansour's Palm Hills borrows $160 million to finish Cairo mega project
Two Egyptian state banks lent Palm Hills EGP 8 billion to finish its New Cairo project, days after the developer's profit fell 7%.
Allam family's Hassan Allam wins contract for Montage hotel and villas at Ras El-Hekma
Hassan Allam Construction has won the contract to build a 200-key Montage hotel and 96 branded villas at Egypt's Ras El-Hekma megaproject.
Mauritius-based businessman Antoine Delaporte's Adenia buys majority stake in Egypt’s Parkville
Adenia Partners buys controlling stake in Egypt’s Parkville, expanding into health, personal care, and Middle East-Africa markets.
Amr Abol-Enein on opportunity, risk and Egypt’s capital markets
The CEO of CI Capital AM discusses reform, gold investing and the future of wealth management.
Standard Bank, led by South African banker Sim Tshabalala, opens Egypt office
Standard Bank expands into Egypt, strengthening African trade links and supporting regional investment.
Egyptian billionaire Naguib Sawiris backs new mining reforms in Egypt
Egyptian billionaire Naguib Sawiris supports new mining reforms, boosting investor confidence and gold exploration across Egypt.
Egyptian tycoon Abdallah Sallam leads Madinet Masr's expansion plan with $5 million investment
The company’s board approved the capital injection to support the launch of real estate development projects outside Egypt.
Egypt’s Khamis family loses $15 million as Oriental Weavers stock declines
Oriental Weavers shares fall 18% in 2025, cutting $15 million from the Khamis family’s $170 million stake.
Egyptian tycoon Waleed Zaki’s Pioneers Properties profit drops 82% in first half of 2025
Egyptian businessman Waleed Zaki reports Pioneers Properties profit down 82% in early 2025, as costs offset revenue growth.
Egyptian billionaire Naguib Sawiris proposes land sales to ease debt burden
Egyptian billionaire Naguib Sawiris urges state land sales in dollars to tackle Egypt’s $157-billion debt and boost foreign reserves.
Naguib Sawiris overtakes brother Nassef as Egypt’s richest man
Naguib Sawiris’ fortune hits $9.13 billion, edging past brother Nassef’s $9.03 billion in Bloomberg’s latest ranking.
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.
Edita, led by Egyptian tycoon Hani Berzi, posts $190 million revenue in first half of 2025
Egypt’s Edita Food Industries, led by Hani Berzi, posts $190.7 million H1 2025 revenue, with profit up 22.7% despite lower sales volumes.
Egyptian billionaire Nassef Sawiris’ OCI to reward shareholders with $700 million payout
OCI, led by billionaire Nassef Sawiris, approves $700 million shareholder payout via capital repayment or dividend, backed by strong financial reserves.