Meet Islam Shawky, Egyptian fintech founder who secured $50 million for his startup in May
Paymob has facilitated more than 120 million transactions worth more than $324.6 million under Shawky’s leadership.
North Africa
Saudi entrepreneur Salman Al-Suhaibaney’s Morni signs deal to invest $10 million in Egypt
Morni Holding is a Saudi Arabia-based mobility solutions platform.
Meet four African billionaires who may no longer be billionaires by 2023
Among them is Zimbabwe’s richest man Strive Masiyiwa, the world’s 2,257th wealthiest person.
Egyptian restaurateur Tamer Amer’s OneOrder secures $3 million in seed round
The capital injection will be used to strengthen its operations in Egypt and the MENA region.
Egypt’s richest man Nassef Sawiris gains $580 million as net worth surpasses $7.2 billion
The Egyptian billionaire derives most of his wealth from his investments in OCI N.V. and Adidas.
Moroccan pharma mogul Lamia Tazi’s Sothema acquires stake in European startup
The French startup Ziwig is revolutionizing medical diagnostics.
Egyptian billionaire Naguib Sawiris’ Orascom recovers sharply as profit soars above $10 million
Orascom Investment Holding maintains investments in the telecom, media, and technology sectors.
Egyptian steel tycoon Ahmed Ezz’s Ezz Steel posts record profit thanks to higher output
Ezz owns 60.7 percent of Ezz Steel.
Issad Rebrab’s Cevital opens multimillion-dollar electric motors factory in Algeria
The launch of the plant comes five months after Rebrab stepped down as CEO of the group.
Egyptian businessman Hani Berzi gains $29 million in 30 days from stake in Edita
Berzi owns a significant 41.95-percent stake in Edita Food Industries.
Moroccan tycoon Hassane Amor has now lost $23.6 million since start of 2022
Amor owns a 56.17-percent stake in Microdata.
Egyptian entrepreneur Mohamed Azab’s Grinta secures $8 million in seed funding round
Azab said the startup is excited to have the right investor base that shares its values and vision.
Egyptian tycoon Ahmed El Sewedy’s electric company to set up new firm in Saudi Arabia
El Sewedy Electric was founded in 1938 by the El Sewedy family.
Five most popular hotels for ultra-wealthy individuals in Africa
South Africa remains the top luxury tourist destination in Africa.
Nigerian tycoon Temitope Lawani’s Helios buys stakes in two data centers in Kenya, Morocco
Helios Investment is one of the largest Africa-focused private investment firms.
Egyptian billionaire Nassef Sawiris gains $360 million in 22 days
Sawiris derives the majority of his fortune from his 38.8-percent stake in OCI N.V. and his six percent stake in Adidas.