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.
North Africa
Moroccan billionaire Anas Sefrioui loses nearly $200 million in Addoha stake
Anas Sefrioui’s stake in Groupe Addoha drops $199 million after shares fall 16 percent amid Morocco property concerns.
Egyptian businessman Hani Berzi gains $25 million as Edita stock surges
Hani Berzi’s stake in Edita Food Industries rises above $120 million after stock surges on the EGX.
Loay Jassim Al-Kharafi’s Wafa Insurance moves to fully acquire Delta Insurance in Egypt
Under Al-Kharafi’s watch, EKH is backing Wafa’s bold push to absorb Delta Insurance and reshape Egypt’s insurance landscape.
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.
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247 million first-half profit
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247.5 million profit in H1 2025 with growth across markets.
Egypt’s Sadek El-Sewedy sees $18.6 million gain on Elsewedy Electric stock
Egyptian billionaire Sadek El-Sewedy sees $18.6 million rise in Elsewedy Electric shares as the company’s market cap exceeds $3.3 billion.
Mounir Nakhla’s MNT-Halan rolls out Egypt’s first digital secured loan
Mounir Nakhla’s MNT-Halan unveils Egypt’s first digital secured loan, offering fast, collateral-backed credit.
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 Safwan Thabet gains $40 million as Juhayna shares rebound
Safwan Thabet’s Juhayna stake rises $40 million as shares rebound, boosting the Egyptian consumer goods leader’s market value.
Moroccan physician Rochdi Talib’s Akdital opens $24 million clinic in Khouribga
Akdital opens $24 million clinic in Khouribga, adding 100 beds and the city’s first oncology, cardiology and intensive care units.
Egyptian billionaire Nassef Sawiris plans $50 billion U.S. infrastructure investment
Nassef Sawiris plans $50 billion U.S. infrastructure bet as Orascom shifts focus from Europe to Gulf and America.
Egypt’s richest family to merge OCI Global and Orascom Construction, aiming to build a global infrastructure giant
Sawiris family eyes bold merger of OCI Global and Orascom Construction, creating a global infrastructure and investment powerhouse anchored in Abu Dhabi.
Egyptian billionaire Mohamed Mansour points to AI as Africa’s development lever
Egyptian billionaire Mohamed Mansour sees artificial intelligence as a key lever for Africa’s growth.
Egypt’s Ghabbour family loses $46 million as GB Corp stock slides
The Ghabbour family’s stake in GB Corp. has lost over $46 million in value after a sharp drop on the Egyptian Exchange.
Egypt’s billionaire El-Sewedy family to build $29 million cold-storage facility
The project aims to strengthen Egypt’s cold chain infrastructure, improve food quality, and cut waste, the companies said in a joint statement.