Mohammed VI's sisters expand property empire with Delano Marrakech deal and French land
The three sisters of Morocco's king are deepening property bets, from a Delano hotel in Marrakech to French supermarket land.
North Africa
Egyptian billionaire Samih Sawiris' Orascom Development secures $356 million loan for Cairo mega-project
Orascom Development Egypt, founded by Samih Sawris, has secured a $356 million syndicated loan from three top Egyptian banks to accelerate its O West project.
Algerian billionaire Abderrahmane Benhamadi's Condor pushes deeper into African and European markets
Condor, the flagship of Algerian billionaire Abderrahmane Benhamadi's family group, is expanding exports across Africa and into Europe as demand for its air conditioners climbs.
Billionaire Nassef Sawiris' Aston Villa signs record Visit Rwanda shirt sponsorship deal
Aston Villa, co-owned by Egyptian billionaire Nassef Sawiris, has signed a record shirt sponsorship with Visit Rwanda worth up to £20m a year.
Egypt's crackdown on consumer lending strengthens tycoon Mounir Nakhla's MNT-Halan
Egypt's freeze on new fintech lending licences and tighter oversight of consumer credit entrench incumbents, strengthening Mounir Nakhla's MNT-Halan most.
Moroccan tycoon Chakib Alj's Forafric takeover revived after deal with Elbaz and Crédit Agricole
The stalled sale of Forafric Maroc to Chakib Alj has been revived after a deal between the tycoon, Yariv Elbaz and Crédit Agricole du Maroc.
Egyptian billionaire Hisham Talaat Moustafa plans to nearly double TMG's hotel portfolio to 40 properties
Talaat Moustafa Group will nearly double its hotel portfolio to as many as 40 properties over the next decade, chief executive Hisham Talaat Moustafa said.
Egypt's wealthy Allam family weighs public listings for Hassan Allam real estate and infrastructure units
Egypt's Hassan Allam Holding is weighing public listings for real estate and infrastructure subsidiaries on Gulf exchanges or the EGX, keeping the parent private.
Egyptian billionaire Nassef Sawiris takes majority control of chemical company OCI Global
Egyptian billionaire Nassef Sawiris has taken majority control of OCI Global, lifting his stake above 55% as his take-private bid advances.
Tunisia's Poulina Group posts $67 million profit for 2025 on financial gains
Tunisia's Poulina Group lifted 2025 net income 26.4% to about $67 million, though financial gains, not its industrial core, drove most of the rise.
Egyptian billionaire Naguib Sawiris pours another $10 million into the Giza pyramids revamp
Naguib Sawiris is adding about $10 million to his Giza pyramids overhaul, funding 30 electric buses and a 15,000-seat sports pavilion.
Billionaire Nassef Sawiris' Aston Villa puts nearly its entire academy up for sale over spending rules
Nassef Sawiris and Wes Edens have made almost all of Aston Villa's academy players available for sale to comply with new spending rules.
Allam family's Hassan Allam wins contract for Montage hotel and villas at Ras El-Hekma
Hassan Allam Construction has won the contract to build a 200-key Montage hotel and 96 branded villas at Egypt's Ras El-Hekma megaproject.
Moroccan tycoon Rita Zniber's Diana Holding in talks with Kazakhstan over grain and farm trade
Kazakhstan's ambassador has met Rita Zniber, head of Morocco's Diana Holding, to discuss supplying grain and oils and joint investments.
OCI board recommends billionaire Nassef Sawiris' EUR 4.10 takeover offer
OCI Global's board has formally recommended Nassef Sawiris' EUR 4.10 all-cash takeover offer and agreed to hold a shareholder vote on the proposed Orascom Construction merger.
Billionaire Ahmed El Sewedy's Elsewedy Electric launches a new generator range to power Egypt's industrial expansion
Ahmed El Sewedy's Elsewedy Electric has launched a new generator range spanning 9 to 2,750 kVA, expanding its power generation portfolio for Egypt's industrial and infrastructure sectors.