Africa’s richest royal family’s Attijariwafa Bank stake tops $8 billion
Attijariwafa Bank’s $17 billion market cap surge boosts Morocco’s royal family stake past $8 billion in 2025.
North Africa
Egyptian tycoons Sawiris, Allam launch $6.5 million social project
Egyptian tycoons Naguib Sawiris and Hassan Allam sealed a $6.5 million social impact deal to boost education, farming, and fight poverty.
Egyptian billionaire Naguib Sawiris’ ORA Developers launches $16 billion projects in UAE, Iraq
Malagasy businessman Hassanein Hiridjee’s Axian joined a $3.5 million round for Paris-based Nucleon Security to scale AI-driven cyber defense.
Orascom Construction’s Abu Dhabi debut marks a major shift for Egypt’s Sawiris dynasty
Orascom Construction, controlled by Egypt’s billionaire Sawiris family, began trading on Abu Dhabi’s ADX, shifting its primary listing from Nasdaq Dubai to boost growth.
Egyptian tycoon Hani Berzi loses $11 million on Edita stake
Egyptian businessman Hani Berzi’s Edita stake drops $11 million after stock slide, though annual gains remain largely intact.
Algerian tycoon Benhamadi’s Condor inks $80 million worth of trade deals across Africa
Algerian tycoon Abderrahmane Benhamadi’s Condor secures $80 million trade deals across Africa, boosting exports and market presence.
Egyptian billionaire Hisham Talaat Moustafa loses $59 million from TMG stake
Egyptian billionaire Hisham Talaat Moustafa loses $59 million as Talaat Moustafa Group shares fall on the Egyptian Exchange.
Electric giant led by Egypt's El-Sewedy family commits $2.5 billion to Algeria’s industrial expansion
Elsewedy Electric, led by Egypt’s El-Sewedy family, will invest $2.5 billion in Algeria to build new factories and expand renewable energy capacity.
93-year-old billionaire becomes Morocco’s richest man
At 93, Othman Benjelloun leads Bank of Africa and reclaims title as Morocco’s richest man with a $2 billion fortune.
Another Moroccan billionaire on the rise, as Alami Lazraq's ADI stake nears $700 million
Alami Lazraq’s ADI stake nears $700 million, reflecting rising influence in Morocco’s property market and wealth rankings.
Medhat Khalil’s Raya gets $23.3 million to boost Egypt’s banking sector
Raya Integration secures $23.3 million credit to boost Egypt’s digital banking, IT infrastructure, and cybersecurity capabilities.
Egyptian entrepreneur Khalid Ashmawy's Munify raises $3 million in seed round
Egypt’s Munify raises $3 million led by Y Combinator to grow cross-border banking for millions of Egyptians overseas.
Egyptian tycoon Abdallah Sallam’s Madinet launches $370 million SAFE fund
Egyptian tycoon Abdallah Sallam’s Madinet wins FRA nod for its $370 million SAFE fund, a fractional real estate platform with 70,000 users.
Former Egyptian billionaire Ahmed Ezz returns to public life with industry board bid
Steel billionaire Ahmed Ezz has reemerged after years away, seeking a seat in Egypt’s metallurgical chamber elections with speculation about higher ambitions.
Moroccan billionaire Anas Sefrioui's stake in ADH surges above $1.2 billion
Moroccan billionaire Anas Sefrioui’s stake in Morocco’s ADH surpasses $1.2 billion as the property market shows signs of recovery.
Egyptian tycoon Hassan Allam's group wins major Oman water infrastructure contract
The project highlights the company’s expanding presence in international infrastructure projects.