Egyptian billionaire Ahmed El-Sewedy-led electric firm unveils industrial city in Tanzania
Spanning an expansive 2.6 million square meters, EIC represents East Africa’s first fully integrated industrial hub.
Egyptian billionaire
Egypt’s El-Sewedy family hits jackpot with $1.6-billion stake in electric firm
According to Billionaires.Africa, the market value of the El-Sewedy family’s share in Elsewedy Electric has gained EGP4.02 billion ($129.96 million) in the last two weeks.
Egypt’s second-richest man Naguib Sawiris gains $110 million in 5 days
His recent $110-million wealth gain is attributed to the recent performance of his investments, which encompass real estate, teleom, and the mining industry.
Egyptian billionaire Ghabbour family gains nearly $12 million in 3 days
The Ghabbour family holds a significant 62.9-percent stake in the automaker, or 682,779,500 ordinary shares.
Egyptian billionaire Samih Sawiris’ firm posts $631 million in revenue in 2023
Orascom Development Egypt, majority owned by Orascom Development Holding, operates within the orbit of businesses associated with the Sawiris family.
Egypt’s newest billionaire Hisham Talaat Moustafa’s TMG stake hits $1.3 billion
Hisham Talaat Moustafa is not only one of the wealthiest investors on the Egyptian Exchange but also one of the wealthiest people in the entire North African region
Egyptian billionaire Yasseen Mansour rakes in $2.8 million from real estate firm
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm, which translates to 202,291,698 ordinary shares.
Egyptian multimillionaire and steel magnate Ahmed Ezz faces $100-million loss in just 8 days
Ezz owns 60.7 percent of Ezz Steel, which translates to 329,816,198 shares in the steel behemoth.
Egypt’s billionaire El-Sewedy family loses $126 million in just six days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, hold a beneficial stake of 68.1 percent in the company, equivalent to a total of 1,478,358,330 ordinary shares.
Egypt’s richest man Nassef Sawiris loses $220 million in 2024
This downturn — which translates to an average daily loss of $8.16 million since the start of the year — is linked to the slump in the market value of his industrial assets in Europe and Africa.
Egyptian billionaire Ghabbour family loses $32 million in 10 days
Presently, the Ghabbour family holds a 62.9-percent stake in GB Corp, solidifying their status as prominent investors on the Egyptian Exchange.
Egypt’s second-richest man criticizes government’s delay in devaluing currency
Sawiris suggests that aligning with the spiraling black market rate is imperative to address the chronic foreign currency shortage plaguing the nation.
Egyptian billionaire Youssef Mansour loses $200 million in 28 days
Despite the plunge in his fortune, Mansour still ranks as one of Africa’s richest billionaires.
Egyptian tycoon Hani Berzi loses nearly $18 million from Edita stake
Berzi, who founded the consumer goods conglomerate in 1996 owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
7 companies owned by Egyptian billionaire Hisham Talaat Moustafa
Over four decades, Moustafa has propelled TMG into a $6.4-billion global real estate powerhouse, leaving an indelible mark on Egypt’s landscape.
One of Egypt’s richest men, Hisham Talaat Moustafa rakes in nearly $200 million
According to data tracked by Billionaires.Africa, Moustafa’s stake in the Cairo-based real estate holding company has risen by EGP 6.1 billion ($197.43 million) in the past 21 days.