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.
North Africa
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.
Egyptian businessman Hani Berzi gains $4.8 million from Edita Food shares
Hani Berzi gains $4.7 million from his Edita Food stake as shares rise on strong earnings and renewed investor interest in Egypt.
Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique and others
Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique, and across sub-Saharan Africa.
Egyptian billionaire El-Sewedy family’s company wins $60 million Kuwait contract
Egyptian billionaire El-Sewedy family’s Elsewedy Electric wins $60 million Kuwait contract to expand MENA infrastructure projects.
Moroccan real estate tycoon Alami Lazraq gains $43 million from ADI stake
Alami Lazraq gains $43 million in the first 9 days of 2026 as shares of ADI surge on the Casablanca Bourse.
King Mohammed VI lists late mother’s Paris homes for $35 million
Morocco’s royal family has listed three Paris area properties tied to the late Princess Lalla Latifa, drawing fresh attention to royal wealth.
Runa Alam's DPI seals $200 million exit in African banking deal
DPI founder Runa Alam scored a $200 million exit as Morocco’s BCP bought the remaining stake in Atlantic Business International.
Algerian tycoon Abderrahmane Benhamadi’s Condor enters Egyptian market under $1 billion expansion plan
Algerian Condor Group launches in Egypt, setting up local production of TVs, appliances, and air conditioners.