Moroccan billionaire Aziz Akhannouch's party left out of Morocco's new government
Morocco's incoming prime minister has formed a four-party coalition without billionaire Aziz Akhannouch's RNI, which led the government for the past five years.
North Africa
Egyptian billionaire Ahmed Elsewedy's company wins $2.2 billion Saudi power plant deal
Elsewedy Electric, run by Egyptian tycoon Ahmed Elsewedy, and China's Sinohydro have signed a $2.2 billion contract to build a Saudi gas power plant.
Egyptian billionaire Naguib Sawiris apologizes to Saudis over Riyadh airport attack
Egyptian telecom billionaire Naguib Sawiris apologized for his slow response to the deadly Riyadh airport attack and urged Arab states to confront Iran.
Egyptian billionaire Naguib Sawiris's family seeks $150 million in London fraud trial
The family investment arm of Egyptian telecom billionaire Naguib Sawiris has opened a 10-week London trial over an alleged foreign exchange fraud.
Egyptian billionaire Ahmed Elsewedy plans to build electric cars in Algeria
Egyptian billionaire Ahmed Elsewedy’s Elsewedy Electric wants to build electric and hybrid cars in Algeria under its Elsewedy EZZ brand.
Egyptian billionaire Nassef Sawiris wins Dutch court fight with OCI shareholders
The Amsterdam Enterprise Chamber rejected minority shareholders’ request for an inquiry into OCI, a win for Nassef Sawiris as his €4.10 buyout offer proceeds.
Fintech founder Mounir Nakhla's MNT-Halan opens Egypt's biggest IPO in years
MNT-Halan's Egyptian arm opened its 7.84 billion pound IPO at EGP 24.5 a share, Egypt's largest offering since 2021, with trading expected on Oct. 20.
Egyptian cable giant Elsewedy's investment arm exits university venture
Al Ahly Capital is buying El Sewedy Capital's 40% stake in a New Damietta university venture with CIRA due to open in 2027.
Moroccan billionaire Aziz Akhannouch’s Afriquia Gaz posts MAD370 million profit in first half of 2026
Moroccan billionaire Aziz Akhannouch’s Afriquia Gaz reported MAD370.2 million in consolidated net profit for the first half of 2026, up 0.5% year on year.
Egyptian businessman Ahmed Heikal's Qalaa Holdings to raise $74 million to clear bank debts and double refinery stake
Egyptian tycoon Ahmed Heikal’s Qalaa Holdings will seek approval for a EGP3.87 billion capital raise to expand energy investments and strengthen its finances.
Late Moroccan billionaire Miloud Chaabi's heirs remain divided 10 years on
Ten years after Miloud Chaabi died, his heirs are still at odds over Ynna Holding, while the conglomerate's subsidiaries are run by independent managers.
Moroccan tycoon Moncef Belkhayat builds $10.7 million logistics hub in Agadir
Moncef Belkhayat's La Voie Express Group will spend 100 million dirhams on a logistics hub near Agadir, its second site in the region.
Moroccan King Mohammed VI's bank to take control of Société Générale Ghana
Attijariwafa Bank, in which King Mohammed VI's family holds the largest stake through Al Mada, will buy 55.22% of Société Générale Ghana.
Moroccan billionaire Moulay Hafid Elalamy's Saham Bank posts $95 million profit
Saham Bank, owned by Moroccan billionaire Moulay Hafid Elalamy, lifted first half profit 15.5% to $95 million as lending, fees and revenue all grew.
Egypt's fintech unicorn MNT-Halan to sell 20% stake in Cairo IPO
MNT-Halan, Egypt's first fintech unicorn, will sell 20% of its Egyptian business on the EGX in one of the country's largest IPOs in years.
Billionaire Othman Benjelloun's Bank of Africa lifts first-half profit 10% to $261 million
Othman Benjelloun's Bank of Africa lifted first-half profit 10% to 2.5 billion dirhams as lower bad-loan charges offset a 37% fall in trading income.