Family linked to jailed Algerian auto tycoon Mahieddine Tahkout hid $15 million in assets, prosecutors say
Prosecutors say a family hid about $15 million in assets in a case linked to jailed auto tycoon Mahieddine Tahkout.
North Africa
Billionaire Naguib Sawiris backs new Digital School push to train 100,000 Egyptians
Naguib Sawiris joined UAE partners to launch Jusur Al Foras, a plan to train 100,000 Egyptians and place 10,000 in jobs.
Mandarin Oriental to take over Egypt’s Old Cataract and Winter Palace
Mandarin Oriental plans a major Egypt push with the Old Cataract in Aswan, Luxor’s Winter Palace and its first luxury Nile cruise.
Egyptian billionaire Hisham Talaat Moustafa to establish a private university
Hisham Talaat Moustafa is leading a new push into higher education as Talaat Moustafa Group plans a private university in Noor City.
Billionaires.Africa ranks the 30 richest investors on the Egyptian Exchange in 2026
Egypt’s stock market surged over the past year. Here are the 30 biggest listed equity fortunes on the EGX, with stakes and dollar values.
Egypt's Hassan Allam Properties targets $297.4 million in 2026 projects, prepares new hospitality brand
Developer Hassan Allam Properties targets 14 billion pounds in 2026 work and will launch a hospitality brand to manage hotels opening in 2028-29.
Billionaire Hisham Talaat Moustafa says real estate prices in Egypt are unlikely to fall soon
Egypt’s top developer says housing prices follow land and building costs, and demand remains strong despite higher expenses.
EBRD approves $25 million loan to Hassan Allam to modernize equipment in Egypt
The EBRD approved a $25 million loan to Hassan Allam Holding to upgrade equipment and support lower emission construction operations in Egypt.
Mauritius-based businessman Antoine Delaporte's Adenia buys majority stake in Egypt’s Parkville
Adenia Partners buys controlling stake in Egypt’s Parkville, expanding into health, personal care, and Middle East-Africa markets.
Orascom Construction, led by Egypt’s richest family, gains backing for OCI deal
Orascom Construction shareholders approved an OCI unit acquisition and a 97 million capital raise, expanding assets and boosting issued shares.
Moroccan tycoon Mohamed Hassan Bensalah sells biscuit manufacturer Biscoland sold to Spain’s Adam Foods
Adam Foods has bought Biscoland, the 2023 Holmarcom biscuit and chocolate venture, taking over a modern Casablanca area factory and its local brands.
Egyptian billionaire Ahmed Ezz’s steel firm plans $1.1 billion production expansion
Ahmed Ezz’s Ezz Steel invests $1.16 billion to expand production amid falling exports and rising local demand.
Moroccan multimillionaire Chakib Alj looks to acquire struggling flour miller Forafric
Cap Holding boss Chakib Alj is in talks to seize control of debt-laden Forafric, raising prospects of a shake-up in Moroccan milling.
Turkish steel billionaire Fuat Tosyali presses Brussels to lift quotas on Turkey and Algeria as EU tightens import net
Fuat Tosyali wants Brussels to lift steel quotas on Turkey and Algeria, arguing Europe needs low emission supply as safeguards tighten.
Egyptian tycoon Hani Berzi's Edita expands Africa reach with HoHos, Twinkies and Tiger Tail deals
Edita Food Industries expands its African footprint after acquiring HoHos, Twinkies and Tiger Tail brand rights beyond the Middle East and North Africa.
Billionaire Mohamed Mansour's Al Mansour rolls out Chevrolet EVs in Egypt
Egypt’s Al-Mansour Automotive, led by billionaire Mohamed Mansour, launches Chevrolet’s Captiva EV and Spark EUV in partnership with GM.