Ahmed El-Sewedy-led Elsewedy Electric wins $176.10 million Saudi solar power contract
The El-Sewedy family owns 68 percent of Elsewedy Electric.
North Africa
Wealth of Egyptian billionaires under threat as devaluation of pound reaches record lows
The devaluation of the pound may have a significant impact on the economy and on the net worth of Egyptian billionaires.
Tunisian tech entrepreneurs set to sell AI company to German biotech firm for $390 million
InstaDeep was founded in 2014.
Egyptian businessman Mohamed Arafa’s firm mulls expansion
Haj Arafa Group, under the leadership of Egyptian businessman Mohamed Arafa, is exploring opportunities to broaden its reach.
London-based Chestertons enters Egypt market via partnership with Naguib Sawiris’ Gemini
Gemini is a real estate developer that is part of Ora Developers.
Egyptian entrepreneur Mostafa Kandil’s SWVL joins forces with Klax Ads to boost drivers’ income
SWVL Holdings Corp. is a leading provider of tech-enabled mass transit solutions.
Sawiris family, Egypt’s richest, suffers $800 million net worth loss in 2022
The family’s combined wealth includes the fortunes of Naguib, Samih, and Nassef Sawiris.
Meet Egyptian software developer who raised $31 million in funding for his startup
Ahmed Wadi joined forces with another Egyptian software developer, Adham Badr, to co-found Money Fellows in 2016.
Egyptian billionaire families Sawiris, Mansour top Forbes list of wealthiest families in Arab world
The two families rank first and third, respectively.
Court approves Algerian billionaire Issad Rebrab’s Cevital plans for giant tourist complex
The Algerian billionaire stepped down as CEO of Cevital in 2022.
Egyptian businessman Ahmed El-Sewedy’s firm to build industrial zone in Egypt’s new city
El Sewedy Electric is a multinational cable and electrical equipment manufacturer.
Egypt’s richest man Nassef Sawiris purchases luxurious Beverly Hills mansion for $24 million
The Beverly Hills mansion is just one of Sawiris’ luxurious properties.
Egyptian businessman Hisham Talaat Moustafa’s TMG sets new sales record with $1.34 billion in 2022
The Talaat Moustafa family’s stake in TMG Holdings is now worth $364.4 million.
Eleven African billionaires face steep losses in 2022: What caused the decline?
Strive Masiyiwa experienced the steepest loss at $1.5 billion.
Three African billionaires defy global economic challenges with increase in net worth
Three African billionaires managed to buck the trend.
Snoop Dogg launches cannabis brand
The brand will operate as a subsidiary of Death Row Records.