Egyptian billionaire Youssef Mansour loses $200 million in 28 days
Despite the plunge in his fortune, Mansour still ranks as one of Africa’s richest billionaires.
North Africa
Egyptian tycoon Hani Berzi loses nearly $18 million from Edita stake
Berzi, who founded the consumer goods conglomerate in 1996 owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Moroccan Prime Minister Aziz Akhannouch’s wealth declines by $100 million
The $100-million decline in his net worth is linked to the revaluation of his holdings in Akwa Group, a diverse Moroccan conglomerate with substantial oil and gas interests.
Egyptian tycoon Medhat Khalil gains nearly $23 million in just five days
The recent surge solidifies his position as one of the high-value investors on the Egyptian Exchange and one of the country’s wealthiest individuals.
Egyptian tycoon Hassan Allam’s firm secures $75-million investment from EBRD
Under the leadership of Allam, Hassan Allam Holding has been making strides in the engineering and construction sectors for more than eight decades.
Morocco’s second-richest man Othman Benjelloun rakes in $80 million from BOA stake
This remarkable increase has translated into substantial gains for the bank’s shareholders, including Benjelloun, who ranks as one of Africa’s billionaires.
7 companies owned by Egyptian billionaire Hisham Talaat Moustafa
Over four decades, Moustafa has propelled TMG into a $6.4-billion global real estate powerhouse, leaving an indelible mark on Egypt’s landscape.
Egyptian multimillionaire Ahmed Ezz loses $77.7 million in 22 days from Ezz Steel stake
This reduction in its share price has brought the company’s market cap. below $1.5 billion, resulting in substantial losses for shareholders, including Ezz.
One of Egypt’s richest men, Hisham Talaat Moustafa rakes in nearly $200 million
According to data tracked by Billionaires.Africa, Moustafa’s stake in the Cairo-based real estate holding company has risen by EGP 6.1 billion ($197.43 million) in the past 21 days.
Egypt’s billionaire El-Sewedy family gains nearly $100 million in less than two weeks
This upswing solidifies their position as one of Egypt’s wealthiest families and prominent investors on the Egyptian Exchange.
Egyptian billionaire Yasseen Mansour gains $5.2 million from real estate firm
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
Morocco’s royal family gains $260 million from Attijariwafa bank in 18 days
Al Mada, the private company owned by members of the Alaouite royal family, owns 46.4 percent, or 97,433,137 units of the total issued and paid-up shares, of the bank.
Moroccan real estate mogul Alami Lazraq gains $36.6 million from ADI Stake
This surge strengthens Alami Lazraq’s standing among the top investors on the Casablanca stock exchange
Tunisian tycoon Habib Essayeh’s Euro-Cycles shares slump by $2.65 million
Essayeh owns a 33.6-percent stake in the bike maker, making him not only the largest shareholder in the Tunis-based automotive enterprise.
Egyptian billionaire Ghabbour family scores $21.6-million gain from GB Corp stake
The Ghabbour family commands a 62.9-percent stake in the automaker, solidifying their status as one of the most affluent investors on the Egyptian Exchange.
Moroccan tycoon Lamia Tazi gains $6 million from Sothema stake in 15 days
The recent increase in the market value of her stake in Sothema solidifies her position among the richest investors on the Casablanca bourse.