Tunisia sentences richest tycoon Marouan Mabrouk to 20 years in corruption case
Tunisia sentenced its richest businessman to 20 years and a former prime minister to six in sweeping corruption verdicts Tuesday.
North Africa
Naguib Sawiris says Egypt's developers are shrinking home sizes as inflation squeezes buyers out of the market
Ora Developer chairman Naguib Sawiris says Egypt's real estate sector is shrinking unit sizes as inflation crushes buyer purchasing power nationwide.
Oriental Weavers gets independent carbon footprint certification, cuts emissions with solar push
Oriental Weavers completed independent carbon verification, reporting 102,000 tons of CO2e in Scope 1 and 2 emissions while pushing a bold solar expansion.
Moroccan royal family's Al mada Ventures backs WafR with co-led $4M seed round investment
Almada Ventures joins LoftyInc and Attijariwafa to fuel WafR’s expansion as it deepens digital financial access for Morocco’s small retailers.
Egyptian billionaire Hisham Talaat Moustafa’s TMG posts $381 million profit after 43% surge
Egypt’s Talaat Moustafa Group says 2025 net profit rose 43% to EGP 18.2bn, fueled by stronger real estate and hotel revenue and a larger sales backlog.
Tunisian businessman Abdelwaheb Ben Ayed’s Poulina Group moves ahead with bid for cheese maker LandOr
Poulina Group Holding has launched a bid for a majority stake in LandOr, signaling a new push to strengthen its agri food business.
Egyptian billionaire Naguib Sawiris says anger cost him €500 million in failed investment bet
Naguib Sawiris says an angry investment decision wiped out €500 million, as the Egyptian billionaire reflects on risk and discipline.
San Diego FC's billionaire owner Mohamed Mansour says club is focused on long term growth as Year 2 begins
Mohamed Mansour says San Diego FC is entering Year 2 with bigger expectations and a long term plan on and off the field.
Moroccan multimillionaire Chakib Alj moves to restart Forafric mills ahead of Ramadan demand
Chakib Alj is restocking Forafric’s mills in Meknes and Marrakesh ahead of Ramadan, tightening his grip on the debt hit flour producer.
Moroccan real estate billionaire Anas Sefrioui bets $300 million on luxury towers in Abidjan
Addoha founder Anas Sefrioui is putting $300 million into Abidjan’s Zone 4, a luxury project built around four 20 story towers.
Morocco's King Mohammed VI launches 157 mosques nationwide with $64.7 million investment
King Mohammed VI has ordered the opening of 157 mosques across Morocco, expanding worship space for about 160000 faithful before Ramadan.
Saudi Arabia's richest women invest in Egyptian delivery startup Breadfast's $50 million round
Saudi business leaders Lubna and Hutham Olayan joined Mubadala in backing Egypt’s Breadfast, a fast delivery startup chasing growth beyond Cairo.
Why Algeria's richest man Issad Rebrab let Brandt collapse as French appliance icon heads to liquidation
Issad Rebrab’s Cevital chose not to fund a Brandt rescue, and a French court liquidation ended hundreds of appliance jobs.
Sheikh Tahnoon bin Zayed-backed belton acquires Baobab in €197.6 million Africa expansion push
Beltone, backed by Sheikh Tahnoon bin Zayed’s Chimera, bought Baobab Group for €197.6 million to expand across Africa.
Family linked to jailed Algerian auto tycoon Mahieddine Tahkout hid $15 million in assets, prosecutors say
Prosecutors say a family hid about $15 million in assets in a case linked to jailed auto tycoon Mahieddine Tahkout.
Billionaire Naguib Sawiris backs new Digital School push to train 100,000 Egyptians
Naguib Sawiris joined UAE partners to launch Jusur Al Foras, a plan to train 100,000 Egyptians and place 10,000 in jobs.