The Richest Five: Meet the five African billionaires with a net worth of more than $5 billion
Six African billionaires boasted a net worth of over $5 billion at the start of 2023. However, only five individuals currently maintain this status.
North Africa
Egyptian billionaire Naguib Sawiris faces $140-million setback in net worth
The recent pullback in the wealth figures comes after Sawiris recorded a $1.01-billion bump in his fortune between Jan. 1 and June 19.
Nigerian VC firm Verod-Kepple invests $1.5 million in Morocco’s Chari
Chari, a B2B e-commerce company, was founded by Moroccan entrepreneur Ismael Belkhayat and his wife Sophia Alj.
7 assets owned by Sudan’s wealthy Elnefeidi family
Controlled by Amin Bashir Elnefeidi, Elnefeidi Group is the largest family business in Sudan.
Qatari dairy company acquires 15-percent stake in Egyptian tycoon Safwan Thabet’s Juhayna
Qatari dairy producer Baladna now owns 15-percent of Juhayna Food Industries, which is controlled by Thabet.
Nassef Sawiris-linked firm reduces stake in Portuguese club in compliance with UEFA regulations
Egyptian billionaire Nassef Sawiris is considered one of Europe’s wealthiest football club owners.
The 10 richest Moroccans on the Casablanca Stock Exchange
Billionaires.Africa presents its ranking of the 10 richest investors on the Casablanca Stock Exchange in 2023.
The 15 richest people on the Egyptian Exchange in 2023
Billionaires.Africa presents its ranking of the 15 richest investors on the Egyptian Stock Exchange in 2023.
Egyptian tycoon Mostafa Kandil’s SWVL regains compliance with Nasdaq’s audit committee requirements
SWVL Holdings Corp is a global provider of tech-enabled mass transit solutions.
Egyptian tycoon Medhat Khalil’s Raya Foods considers offers to boost capital by $11.3 million
Raya Foods is a subsidiary of Raya Holdings, the investment group founded by Khalil.
Egypt’s second-richest man Naguib Sawiris hits new milestone as net worth soars past $6 billion
Sawiris’ net worth has risen from $5.1 billion on Jan. 1 to an impressive $6.11 billion at the time of drafting this report.
Egyptian tycoon Hani Berzi’s Edita unveils $25.9-million investment plan to dominate regional market
Founded by Berzi in 1996, Edita is renowned as a market leader in Egypt’s flourishing packaged snack food market.
Egypt’s richest man Nassef Sawiris’ Aston Villa stake skyrockets by $13 million in 2023
As of the time of reporting, the market value of Sawiris’ holdings in Aston Villa has reached an impressive $147 million.
Egyptian tycoon Ahmed El-Sewedy’s fortune soars as stake in electric company approaches $1 billion
El-Sewedy, alongside his siblings Sadek and Mohammed, collectively owns 68 percent of the company.
Naguib Sawiris’ Orascom Investment delivers strong $3.5 million profit in Q1 2023
Orascom Investment Holding was established in 2011 under the leadership of Egyptian billionaire Naguib Sawiris
Egyptian billionaire Samih Sawiris plans major tourism investment in Saudi Arabia
Sawiris’ foray into the Saudi Arabian tourism market follows a series of successful ventures in other countries.