Egypt’s Mohammed El-Sewedy sees electric stake rise toward $600 million
Egyptian tycoon gains $31.6 million in eight days as Elsewedy Electric stock surges on EGX.
North Africa
Dalia Khorshid leads Beltone in securing $20 million in green funding
Beltone secures $20 million from SANAD and GGF to fund MSMEs and green projects, deepening its sustainability push under Dalia Khorshid’s leadership.
Egyptian businesswoman Hend El-Sherbini expands IDH with $8 million CAIRO RAY acquisition
IDH moves deeper into radiology with $8 million CAIRO RAY deal.
Larry Ellison’s Oracle opens research and development center in Morocco
Oracle launches a seven-floor research center in Casablanca to drive AI and cloud innovation across Africa
Egyptian property billionaire Hisham Talaat Moustafa loses $78.5 million
TMG stock slumps 7%, wiping $78 million from Hisham Talaat Moustafa’s holdings amid Egypt’s cooling real estate sector.
Egyptian businessman Hani Berzi loses $4 million as Edita shares fall
The decline marks another blow for Berzi, who chairs the Cairo-based snack maker and owns a 44.07-percent controlling stake.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, eyes Saudi expansion
Madinet Masr signs MoU with Waheej to co-develop real estate projects in Saudi Arabia, marking a key move in its regional growth strategy.
Ghabbour family, among Egypt’s richest, gains $40 million on GB Corp shares
The Cairo-based automaker is still largely steered by the Ghabbour family, who remain deeply involved in shaping its future.
Hisham Talaat Moustafa’s TMG eyes $2.4 billion in sales from Sharm Bay project
The project, located near Sharm El-Sheikh, reflects the group's growing focus on high-end tourism and residential investments.
Moroccan billionaire Alami Lazraq gains $78 million from ADI shares
This is a reversal from early May when ADI came under pressure. Between May 6 and May 22, Lazraq’s stake lost MAD570.53 million ($61.78 million) in market value.
Yasseen Mansour's Palm Hills launches new project with $4 billion sales target
Palm Hills launches Jirian, its first project in Egypt’s New Delta, targeting EGP200 billion ($4 billion) in sales as it redefines urban living with a Nile-front city.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, opens new unit in Dubai
The new entity will serve as the hub for managing the group’s real estate projects beyond Egypt.
Khaled Mahmoud’s MM Group signs deal with Tata Motors to grow auto segment in Egypt
Indian automaker, Tata Motors, is known globally for producing reliable and versatile vehicles suited to various transport and logistics needs.
Africa’s richest royal family gains $432 million from Attijariwafa Bank stake
Morocco’s royal family gains $430 million as Attijariwafa Bank shares surge, boosting stake to over $7 billion amid rising investor confidence.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rebounds above $1 billion
Hisham Talaat Moustafa’s TMG stake rebounds above $1 billion amid strong EGX rally and plans for $4.7 billion Oman expansion.
Egyptian businesswoman Hend El-Sherbini leads IDH to $31 million in Q1 revenue
IDH Q1 revenue jumped 35% to $31.8M; Egypt, Jordan led growth. Nigeria turned profitable; Saudi expansion plans signal future gains.