Egyptian tycoon Hassan Allam’s group expands agri-portfolio with Jinet Agriculture
As part of this move, Jinet Agriculture has acquired 14,100 feddans in West Minya from the Egyptian Countryside Development Company.
North Africa
Egyptian tycoon Hani Berzi faces $6.9 million loss as Edita Food stake plunges
Wary investors have been pulling back from the company as part of a broader shift on the EGX, increasing selling pressure on Edita Food’s stock.
Egyptian businessman Ahmed El-Sewedy’s electric firm launches telecom cables factory
The facility marks a major step in expanding Egypt’s telecom infrastructure and solidifying the country’s position as a regional manufacturing hub.
VC firm backed by Egyptian billionaire Mohamed Mansour closes $50 million fund for African startups
The funding marks a significant step in expanding tech investment across Africa, with a particular focus on Francophone regions and major startup hubs.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake dips below $1 billion
Even with this decline, Moustafa remains one of Egypt’s wealthiest individuals, backed by his significant holdings in TMG.
Egypt’s 10 richest businessmen in 2025
Their influence extends far beyond their home country, driving investment, policy shifts, and innovation.
Alami Lazraq’s fortune soars as Moroccan real estate stake tops $600 million
This secures Lazraq’s standing among Morocco’s wealthiest individuals, reinforcing his influence as a top investor on the Casablanca Bourse.
Egypt’s richest man loses $220 million in one week
Despite recent setback, Sawiris' wealth is up by $261 million YTD, driven by early 2025 gains and strong performance in his diverse portfolio.
Egyptian business executive Dalia Khorshid drives Beltone to record $143 million revenue in 2024
The strong results reinforced its position as one of the fastest-growing financial institutions in the Middle East and North Africa (MENA) region.
Egypt's wealthy Khamis family’s stake in Oriental Weavers rises $13.5 million
This turnaround comes after a strong rally in the company’s shares in recent weeks.
Moroccan royal family’s bank holdings soar above $6.2 billion—what this means for their influence
As the value of the royal family’s stake continues to rise, so does its influence in the country’s financial sector.
10 Algerian businessmen you should know
These visionaries are transforming industries like steel, cement, and petrochemicals, while also embracing technological innovations to open new doors for growth.
French giant buys Guinness Ghana, two years after acquiring glass maker from Algerian businessman
This move is part of Castel’s broader strategy to expand its presence across Africa, having already established itself in North, West, and Central Africa.
Egyptian tycoon Abdallah Sallam’s Madinet Masr seals $9.5-million Taj City deal
As part of the agreement, Korra Energy will lead the construction of a showroom in Tajed, a key component of Taj City’s broader mixed-use development.
Egyptian billionaire Sadek El-Sewedy's stake in electric giant nears $930 million
Sadek El-Sewedy’s stake in Elsewedy Electric has surged to nearly $930 million, reflecting strong investor confidence and stock price growth.
Egyptian multimillionaire Safwan Thabet’s Juhayna stake gains $30.1 million
In the past nine days, his shares have increased by $30.1 million, pushing the market value of his stake above $325 million.