10 companies owned by Egyptian billionaire El-Sewedy family
The El-Sewedy family leads a diverse portfolio of energy, electrical, and infrastructure companies across the Middle East and Africa.
Hot News
South African insurance tycoon Adrian Gore’s Discovery stake drops below $500 million
This marks a reversal after his stake surged by $147.4 million in 2024, reaching $525.12 million in 2024.
Sasol, led by South African executive Simon Baloyi, plans to revive and list chemical division
Sasol has been working to optimize the project’s performance, restore investor confidence, and explore strategic options—including an Initial Public Offering (IPO).
Egyptian billionaire Yasseen Mansour’s Palm Hills stake dips by $3.5 million
Mansour, one of Africa’s leading business leaders, holds a 10.83-percent stake in the Cairo-based real estate firm, equating to 318,574,726 shares.
Sue Nabi, Algerian-born French entrepreneur, gains $16.9 million in a week
The recent increase highlights renewed investor confidence in Coty’s strategic direction under her leadership.
Glencore, led by South Africa's Gary Nagle, explores merger talks with Rio Tinto
Glencore and Rio Tinto are in advanced talks for a merger that could reshape the global mining sector, rivaling industry leader BHP Group.
Nigeria’s richest banker Jim Ovia gains $8 million from Zenith Bank shares
This follows a tough 2024 marked by Nigeria's currency devaluation and economic challenges that weakened Ovia's investments.
Kenafric, led by Kenya’s Shah family, set for $100 million stake sale by private equity firms
The private equity firms have enlisted Nedbank Group to lead the sale process.
Moroccan real estate mogul Alami Lazraq sees $53 million wealth boost
Over the past sixteen days, his shares have increased by MAD536.49 million ($53.62 million), continuing the upward momentum seen throughout 2024.
South Africa's richest billionaire adds $1.58 billion to his fortune in just 24 hours
The boost in Johann Rupert's wealth is tied to the performance of Richemont, the Swiss-based luxury conglomerate he chairs.
Africa’s richest man, Aliko Dangote, loses $845 million in net worth during 3-day market decline
His 86 percent stake in Dangote Cement has taken a hit, with shares dropping from $0.31 at the start of the year to $0.25.
South African businessman Gus Attridge sees Aspen stake drop by $9.3 million
This corresponds to a 5.24 percent drop in Aspen’s stock price on the Johannesburg Stock Exchange (JSE) in 9 days.
South Africa’s richest man, Johann Rupert’s Richemont, reports $16.7 billion in nine-month sales
Richemont posts $16.7 billion nine-month sales, driven by record-breaking Q3 and resilience despite challenges, with Japan leading 25% regional growth.
Craig Arnold-led Eaton wins $20 million contract for New York semiconductor hub
The 50,000-square-foot cleanroom facility, set for completion by 2026, will enhance capabilities in semiconductor research, development, and commercialization.
Directline Assurance files lawsuit against Kenyan media mogul Samuel Macharia
This is the latest development in the ongoing legal and business tussle between the media mogul and the Nairobi-based motor vehicle insurance company.
Nigerian billionaire Femi Otedola reaffirms commitment to First Bank, vows to protect its interests
FBN Holdings, the parent company of Nigeria’s oldest bank, has thrived under the leadership of Femi Otedola.