Court approves Algerian billionaire Issad Rebrab’s Cevital plans for giant tourist complex
The Algerian billionaire stepped down as CEO of Cevital in 2022.
North Africa
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.
Egyptian businessmen Ahmed Ezz’s multimillion-dollar investments hit by depreciation
Ezz owns 60.7 percent of Ezz Steel.
Meet Egyptian tech entrepreneur who secured $20 million for his startup in October
Ahmed Sabbah is an Egyptian serial entrepreneur and co-founder of Swvl Holdings Corp.
Bank led by Morocco’s second-richest man to acquire shares in BTI Islamic Banking Group
Bank of Africa is a pan-African multinational banking conglomerate.
Daughters of late Egyptian billionaire transfer $55.8 million in shares to family investment vehicle
The Khamis family owns a controlling interest of 56.58 percent in Oriental Weavers.
GB Auto, led by Egyptian Ghabbour family, sells stake in leasing business to Chimera
The Ghabbour family is well-known in the Egyptian business community.
Egyptian billionaire Naguib Sawiris eyes new investments in Pakistani markets
Sawiris is one of the richest billionaires in Africa and the second-richest man in Egypt.
Egyptian billionaire Nassef Sawiris’ OCI to pay shareholders $730 million in 2023
Sawiris owns a 38.8-percent stake in OCI N.V.
Egyptian entrepreneur Gohar Said’s Suplyd closes $1.6-million funding round
Suplyd was founded to address the challenges faced by HORECA industry in MENA.
Led by Egyptian exec Pakinam Kafafi, TAQA Arabia signs MoU to develop green hydrogen plant
Kafafi, who was named one of Egypt’s top 50 influential women in 2016, made significant contributions to TAQA’s growth.