Tunisian businessman Hisham Ahmed Al-Rayes’ GFH acquires British International School of Tunis
The move further expands GFH’s presence on the Tunisian market.
North Africa
Telecom billionaire Mo Ibrahim criticizes wealthy nations for hoarding COVID-19 vaccine
The telecom mogul stressed that global competition for vaccines has left emerging countries in dire straits.
Egyptian billionaire Samih Sawiris first foreigner to receive honorary citizenship in Swiss canton of Uri
Sawiris was awarded honorary citizenship for his contribution to tourism in the resort town of Andermatt.
Egyptian auto mogul Raouf Ghabbour’s shares in GB Auto decline by $21 million
The drop was triggered by a 12.6-percent decline in the GB Auto share price on the Egyptian Stock Exchange.
Real estate mogul Hisham Talaat Moustafa set to build $31.82-billion housing project in Egypt
Moustafa is implementing the project through his TMG Holding in partnership with the Egyptian government.
Moroccan mogul Alami Lazraq’s shares in real estate giant surge by $7.1 million
Alliances Developpement Immobiliere Ste SA’s shares have risen by 18 percent on the Casablanca Stock Exchange.
Moroccan billionaire Anas Sefrioui’s stake in Douja Promotion Groupe Addoha gains $61.2 million in 35 days
The uptick follows a rise in the company’s shares on the Casablanca Stock Exchange.
Nassef Sawiris’ stake in Orascom Construction drops by $10 million in one month
The company’s share price on the Egyptian Stock Exchange lost six percent of its value since early May.
Egyptian-American tycoon Ahmed Bahjat laid to rest in Egypt
The founder of Egypt’s Bahgat Group passed away after a protracted battle with an unspecified illness.
Sawiris-backed Endeavour to buy Teranga Gold in $1.86-billion deal
The combined company will produce about 1.5 million ounces of gold per year across West Africa.
Tom Vernon’s football academy expands to Egypt with new billionaire owner
Egyptian billionaire Mohammed Mansour has invested $120 million for a controlling stake in the organization.
Royal Family of Morocco’s stake in Attijariwafa Bank gains $275 million in 56 days
The bank’s share price has risen by about six percent since April 1.
Moroccan tycoon Mohamed Bensalah acquires Kenyan insurance firm
The purchase was made for an undisclosed sum.
Egyptian billionaire Nassef Sawiris’ net worth rises by $820 million in May
The surge is largely due to gains in his shares in Adidas and OCI N.V.
Aliko Dangote, Mo Ibrahim join France in deliberating on Sudan’s $5-billion debt cancellation
President of France Emmanuel Macron announced the cancelation as a nod to Sudan’s progress with reforms.
Morocco’s King Mohammed VI extends philanthropic activities in Ghana
His foundation has donated provisions to a polyclinic in Nima in Greater Accra.