Egyptian billionaire Yasseen Mansour’s Palm Hills closes $20.9 Million bond offering
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.
North Africa
Moroccan businesswoman Lamia Tazi gains $10.5 million in two weeks from Sothema shares
Tazi owns a significant 8.4-percent stake in Sothema.
Egyptian billionaire Nassef Sawiris splashes $5.8 million to acquire stakes in Portuguese football club
Sawiris is one of Europe’s wealthiest football club owners.
Egyptian businessman Ahmed El-Sewedy’s firm plans to introduce innovations in Uzbekistan’s energy sector
Elsewedy Electric is a multinational cable and electrical equipment manufacturer.
Top 5 African billionaires add $3.05 billion to their wealth in just 45 days
They have gained $3.052 billion in net worth since the start of the year.
Morocco’s second-richest man Othman Benjelloun gains $100 million
Benjelloun derives most of his wealth from his investment in BMCE Group.
Egypt removes multimillionaire businessman Safwan Thabet from terror list
habet is a well-known Egyptian businessman who founded and led Juhayna Food Industries.
Egyptian entrepreneur Karim Khashaba’s Yodawy hits milestone with $16 million funding from investors
Yodawy is a digital healthcare startup led by Egyptian entrepreneur Karim Khashaba.
Meet Egypt’s top five richest billionaires
These billionaires hold 6.1 percent of the country’s total private wealth.
Led by Sophia Alj, Ismael Belkhaya, Chari secures $1 million from Orange Ventures
Chari is a Moroccan e-commerce and fintech startup.
Tunisian tycoon Abdelwaheb Ben Ayed has now lost $1.64 million since start of 2023
Ben Ayed owns a beneficial 3.4-percent stake in Poulina Group.
Algeria’s richest man Issad Rebrab has now lost $500 million so far in 2023
Rebrab is the founder of Cevital Group.
Egyptian businessman Hassan Allam’s firm inks deal with Beko to build plant in Egypt
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.
Egyptian mogul Hend El-Sherbini’s IDH reverses acquisition of stake in Pakistani diagnostics firm
Integrated Diagnostics Holdings is a renowned healthcare services provider.
Rolaco boosts interest in Egyptian tycoon Khaled Mahmoud’s group with 1.46 million shares
MM Group has successfully expanded its distribution network to cover more than 40,000 points of sale in Egypt.
Egyptian entrepreneur Mounir Nakhla’s MNT-Halan reaches $1-billion valuation in funding round
Under Nakhla, the fintech startup made strides in expanding its portfolio in 2022 with the strategic acquisition of Talabeyah.