Egypt’s Ghabbour family gains $51 million from GB Corp stake
GB Corp shares climb 16.8%, earning the Ghabbour family $51 million and lifting market confidence in Egypt’s automotive industry.
North Africa
Egyptian billionaire Naguib Sawiris now worth $9.25 billion after private investment gains
Egyptian billionaire Naguib Sawiris’ fortune rises to $9.25 billion as gold and private investments gain value.
Mohamed Mansour, Egypt’s third-richest person, now worth $3.4 billion
Egyptian billionaire Mohamed Mansour’s net worth rises to $3.4 billion, reinforcing his place among Africa’s top business leaders.
Inside the rise of Morocco’s 35-year-old billionaire heir Moulay Mhamed Elalamy
Morocco’s 35-year-old billionaire heir is quietly reshaping Saham—driving banking expansion, credit growth, and billion-dollar deals once led by his father.
Egypt’s richest family bags $15.1M dividend as Orascom posts $1.96B H1 revenue
Egypt’s Sawiris family, the country’s wealthiest dynasty, secured a $15.1M dividend from Orascom’s H1 results as revenue reached $1.96B.
Egyptian tycoon Ahmed El-Sewedy loses $65 million on Elsewedy Electric stake
Ahmed El-Sewedy loses $65 million as Elsewedy Electric shares drop, reflecting market caution.
Coty posts $381 million loss in 2025 under Algerian-born executive Sue Nabi
Coty, led by Algerian-born executive Sue Nabi, posted a $381 million loss in 2025 as weak demand and currency pressures hit sales of fragrances and cosmetics.
King Mohammed VI: Inside the empire of Africa’s richest king
King Mohammed VI of Morocco, Africa’s wealthiest monarch, runs a vast empire through Al Mada, spanning banking, mining, telecoms, energy and even electric vehicles.
Egyptian billionaire Sadek El-Sewedy loses nearly $60 million from Elsewedy stake
Egyptian billionaire Sadek El-Sewedy’s stake in Elsewedy Electric drops by $58.6 million as shares decline.
Egyptian billionaire Naguib Sawiris proposes land sales to ease debt burden
Egyptian billionaire Naguib Sawiris urges state land sales in dollars to tackle Egypt’s $157-billion debt and boost foreign reserves.
Misr Italia, led by Mohamed Khaled El Assal, to invest $227 million in Egypt real estate in 2025
The company has already deployed EGP5 billion ($103.3 million) and will channel another EGP6 billion ($124 million) in the coming months.
Moroccan developer Alami Lazraq sees stake recover to $700 million
Moroccan tycoon Alami Lazraq’s stake in Alliance rebounds to nearly $700 million as ADI shares surge on the Casablanca bourse, lifting Morocco’s real estate market.
Naguib Sawiris overtakes brother Nassef as Egypt’s richest man
Naguib Sawiris’ fortune hits $9.13 billion, edging past brother Nassef’s $9.03 billion in Bloomberg’s latest ranking.
Egyptian billionaire Yasseen Mansour loses $10 million on Palm Hills stake
Yasseen Mansour loses nearly $10 million from Palm Hills stake as EGX shares drop, highlighting challenges in Egypt’s real estate sector.
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, negotiates Saudi land deal
The plots range between 300,000 and 500,000 square meters, Sallam said during a company roundtable on Sunday.
Egyptian tycoon Safwan Thabet adds $81 million from Juhayna stake
Egyptian tycoon Safwan Thabet’s Juhayna stake jumps $82 million as shares rally on the EGX, lifting his fortune close to $600 million.