The 5 African billionaires with major stakes in Africa's 10 biggest banks
Five African billionaires, including Morocco's King Mohammed VI and Femi Otedola, hold stakes worth about $14 billion in four of Africa's biggest banks.
King Mohammed VI
Moroccan King Mohammed VI's bank to take control of Société Générale Ghana
Attijariwafa Bank, in which King Mohammed VI's family holds the largest stake through Al Mada, will buy 55.22% of Société Générale Ghana.
Africa's richest monarch watches his mining company multiply profit tenfold in six months
Managem, the mining arm of the Moroccan royal family's Al Mada, lifted first-half profit to 3.778 billion dirhams from 380 million a year earlier.
Billionaire Aziz Akhannouch's party loses Morocco's election and a third of its seats
Morocco's PAM won 97 of 395 seats in provisional results, while Prime Minister Aziz Akhannouch's RNI fell from 102 seats to 66 on 38% turnout.
King Mohammed VI's Morocco hits $4.4 billion in trade with India as the two nations eye $2.6 billion in untapped exports
Morocco's bilateral trade with India has grown from $2.9 billion in 2021 to $4.4 billion in 2026, growing at 12.4% annually as King Mohammed VI's economic modernization drive deepens ties with Asia's third-largest economy.
King Mohammed VI's family owns $17.5 billion in listed Moroccan firms, two-thirds of it mining
Morocco's royal family controls 60% of Al Mada, giving it roughly $17.5 billion in publicly traded Moroccan companies, with $11.3 billion in mining.
Moroccan King Mohammed VI names $1 billion Western Sahara highway after Donald Trump
King Mohammed VI has confirmed Morocco's 1,055km Tiznit-Dakhla expressway, built at close to $1 billion, will be called the Donald J. Trump Highway.
Mohammed VI's sisters expand property empire with Delano Marrakech deal and French land
The three sisters of Morocco's king are deepening property bets, from a Delano hotel in Marrakech to French supermarket land.
King Mohammed VI is Africa's richest monarch and the man quietly building Morocco into a global industrial power
King Mohammed VI is Africa's wealthiest monarch. Through Al Mada, he controls a sprawling empire stretching from Casablanca's biggest bank to EV battery plants.
King Mohammed VI's Managem invests $750 million to double gold production to 500k oz
Morocco's Managem Group plans to invest $750 million to raise gold production by 134% to 500,000 ounces by the end of the decade after net profit surged 384% to $322 million in 2025.
Family office of Morocco's King Mohammed VI appoints new CEO
Morocco’s Al Mada promoted deputy CEO Noufissa Kessar after Hassan Ouriagli’s death, betting on continuity at one of Africa’s biggest investors.
King Mohammed VI lists late mother’s Paris homes for $35 million
Morocco’s royal family has listed three Paris area properties tied to the late Princess Lalla Latifa, drawing fresh attention to royal wealth.
Morocco’s King Mohammed VI launches $33 million mental health project
Morocco’s King Mohammed VI announces a $33 million project for a rehabilitation center offering psychiatric, vocational, and social support.
Royal family of Morocco gains $2.2 billion from Attijariwafa Bank stake
Alaouite family’s stake in Attijariwafa Bank rises $2.2 billion, reflecting strong bank performance and strategic investments.
Moroccan royal family’s investment in Attijariwafa Bank surges to $5 billion
The royal family’s stake in Attijariwafa Bank has increased by MAD2.18 billion ($217.23 million) over the past 19 days, reaching MAD50.18 billion ($5 billion).