Moroccan tech tycoon Hassane Amor loses $4 million in just 83 days
Amor founded Microdata in 1991 and has played a critical role in the growth and expansion of the Moroccan technology sector.
North Africa
Samih Sawiris shifts focus to Saudi Arabia, puts new investments in Egypt on hold
Sawiris, along with his brothers Nassef and Naguib Sawiris, is one of Egypt’s wealthiest businessmen.
Moroccan businesswoman Lamia Tazi loses nearly $11 million in 2 months
Tazi is one of the most affluent investors on the Casablanca Stock Exchange.
Mining company controlled by Moroccan royal family acquires gold project in Senegal
Managem, controlled by the Moroccan royal family, has acquired control of the Boto gold property in Senegal for $197 million.
Led by Tunisian Ben Yedder family, Ennakl posts $12 million in profit in 2022
The performance cements Ennakl’s position as one of Tunisia’s most profitable automobile retailers.
Abdelwaheb Ben Ayed’s Poulina Group surpasses $320 million in revenue in Q1 2023
Ben Ayed is one of the wealthiest investors on the Tunis Stock Exchange.
Naguib Sawiris rakes in $110 million, YTD gains top $813 million
Sawiris owns a 70-percent stake in La Mancha Resources, a closely held company that invests in gold assets.
Anas Sefrioui takes $13.5-million hit as ADH shares slump in Moroccan market
Sefrioui, one of Morocco’s richest people, owns a 64.1-percent stake in Moroccan property developer, ADH.
Mohamed Mansour’s net worth soars to $3.5 billion as wealth gains top $1 billion
The lion’s share of Mansour’s staggering $3.6-billion fortune emanates from his stake in Mansour Group.
Egyptian tycoon Hassan Allam’s firm to launch integrated logistics platform
Hassan Allam Utilities is an arm of the privately-owned engineering firm, Hassan Allam Holding.
Nassef Sawiris’ wealth surges by $600 million, cementing position as Egypt’s richest
The $600-million bump cements his position as one of Africa’s richest billionaires.
Nigerian entrepreneur Etop Ikpe’s Autochek acquires stake in Egypt’s AutoTager
Autochek is a digital automotive commerce firm.
Fund set up by Moroccan King Mohammed VI to rescue hotel chains in distress
The Mohammed VI Investment Fund aims to revive activity in Morocco’s tourism sector.
Tunisian auto mogul Moncef Mzabi gains $1.85 million from stake auto retailer
Mzabi owns 24.5 percent of Artes.
Mohamed Al Fayed’s net worth surges by $100 million in 60 days
Al Fayed’s net worth has risen by $100 million since the start of 2023.
Egyptian mogul Khaled Mahmoud’s MM Group records $12 million in profit in 2022
Mahmoud owns a significant 10.13-percent stake valued at nearly $13 million.