Skip to content
This recent boost follows reports that Otedola is partnering with the Lagos State government to develop a power transmission project.
Sawiris is venturing into Iraq’s real estate development sector after nearly two decades of focusing on the communications sector.
The El-Sewedy family, represented by Sadek, Ahmed, and Mohammed Elsewedy, owns 68 percent of Elsewedy Electric.
Sawiris’ decision to invest in Iraq’s real estate development marks a significant move nearly two decades after his investment in the country’s telecom sector.
Kafafi, who is one of North Africa’s leading businesswomen, has played a pivotal role in TAQA’s growth.
Langat, the founder and chairman of DL Group, is one of the largest indigenous producers and exporters of Kenyan tea.
Lazraq, who controls 51.7 percent of ADI, owns 11,410,669 ordinary shares of the company valued at more than $100 million.
Ezz, one of Egypt’s richest businessmen, owns a significant 60.7-percent stake in Ezz Steel.
Al Mada, the private investment firm of the Moroccan royal family, has set up a new firm called Teralys to acquire a majority stake in Senegal’s Patisen.
The resurgence in Sawiris’ wealth can be primarily attributed to the impressive performance of his holdings in Adidas.
Pioneers Properties has reduced its stake in United Company for Housing and Development from 35.06 percent to 17.74 percent.
Six African billionaires boasted a net worth of over $5 billion at the start of 2023. However, only five individuals currently maintain this status.
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.
Chari, a B2B e-commerce company, was founded by Moroccan entrepreneur Ismael Belkhayat and his wife Sophia Alj.
Controlled by Amin Bashir Elnefeidi, Elnefeidi Group is the largest family business in Sudan.
Qatari dairy producer Baladna now owns 15-percent of Juhayna Food Industries, which is controlled by Thabet.