Egyptian businessman Hani Berzi gains $28.17 million in 20 days from Edita stake
Berzi, who founded Edita Food Industries in 1996 owns a significant 41.95-percent stake in the leading packaged food manufacturer.
North Africa
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm gains $56 million
Sefrioui, the visionary founder of the Casablanca-based real estate group and one of Morocco’s most affluent individuals, owns a majority 64.1-percent stake in ADH.
Egyptian billionaire Ahmed El Sewedy’s electric firm lands $300-million funding
Elsewedy Electric is a leading multinational cable and electrical equipment manufacturer majority owned by the Egyptian billionaire El-Sewedy family.
Egyptian tycoon Medhat Khalil gains $11.7 million from investment in Raya Holding
Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares.
Egyptian billionaire-led construction giant to invest $200 million in projects across Tanzania, Ghana, and beyond
The agreement was signed by Mohy Eldin Abdin, group CFO of Hassan Allam Group, and Kanayo Awani, executive vice president of Intra-African Trade Bank at Afreximbank.
Energy group led by Egyptian exec Pakinam Kafafi records $12 million in profit in 9 months
TAQA Arabia remains resilient under Egyptian executive Pakinam Kafafi despite escalating operating costs.
Africa’s newest billionaires to launch multimillion-dollar industrial city in Tanzania
This venture comes on the heels of Elsewedy Electric’s $40 million investment in a Tanzanian electrical tools factory in 2021.
Tunisian tycoon Abdelwaheb Ben Ayed gains $1 million from Poulina stake
Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate, Poulina Group.
Egypt’s second-richest man Naguib Sawiris’ net worth surges above $5.5 billion
With a $5.71-billion fortune, Sawiris ranks as the 431st richest person globally.
Egyptian billionaire Ahmed El Sewedy’s electric company achieves $261 million in profit in 9 months
El Sewedy Electric’s robust financial standing and strategic initiatives underscore its dominance in the global electrical equipment industry.
Moroccan real estate tycoon Alami Lazraq loses $10 million from ADI stake
Lazraq, who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
North Africa’s richest man Nassef Sawiris gains $370 million in 12 days
Sawiris now commands a staggering fortune of $7.32 billion, propelling him to the 315th spot on the esteemed list of the world’s 500 wealthiest billionaires.
Egyptian tycoon Safwan Thabet’s Juhayna posts $28 million in profit in 9M 2023
Juhayna Food Industries is a prominent Egyptian dairy, juice, and cooking product manufacturer led by Safwan Thabet.
Egyptian businessman Medhat Khalil’s Raya Holding to secure $35.5-million loan
Raya Holding is in the final stages of securing a substantial loan valued at EGP1.1 billion ($35.5 million).
Egyptian tycoon Hani Berzi’s group reports nine-month profit exceeding $40 million
Edita Food Industries’ profit under Hani Berzi surged well beyond expectations, reaching over $40 million.
Orascom Construction, owned by wealthy Sawiris family, signs two major transportation projects in Egypt
The Group’s current and past projects include major projects such as high-speed rail, metro, monorail, railway, and light rail transit