Rolaco boosts interest in Egyptian tycoon Khaled Mahmoud’s group with 1.46 million shares
MM Group has successfully expanded its distribution network to cover more than 40,000 points of sale in Egypt.
North Africa
Egyptian entrepreneur Mounir Nakhla’s MNT-Halan reaches $1-billion valuation in funding round
Under Nakhla, the fintech startup made strides in expanding its portfolio in 2022 with the strategic acquisition of Talabeyah.
Ennakl Automobiles owned by Tunisia’s Ben Yedder family achieves record revenue in 2022
Ennakl Automobiles is a leading Tunis-based automobile company.
Tunisian tycoon Abdelwaheb Ben Ayed’s Poulina Group surpasses $1.2 billion in revenue in 2022
Poulina Group is a Tunis-based conglomerate.
Egyptian billionaire Yasseen Mansour’s Palm Hills set to cut capital by $4 million
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.
Egypt’s richest man Nassef Sawiris’ stake in English club side Aston Villa now worth $134 million
Sawiris is one of the riches football club owners in Europe.
Orascom, led by Sawiris family, to pay out $21.6 million to shareholders
Orascom Construction is a Cairo-based multinational engineering and construction firm.
Egyptian businessman Hisham Talaat Moustafa’s group pledges $167 million toward community development
Hisham Talaat Moustafa holds a 43.16-percent stake in the group.
Egyptian tycoon Safwan Thabet and son freed after two years of detention
Thabet is a well-known Egyptian businessman who founded and previously led Juhayna Food Industries.
Ahmed El-Sewedy’s electric company to aid Saudi Arabia in achieving net-zero emissions by 2050
El Sewedy Electric is a leading multinational cable and electrical equipment manufacturer.
Algerian mogul Abderrahmane Benhamadi’s Condor sells Alver to French giant Castel Group
The sale is a strategic move to refocus the company on its core operations.
GB Corp emerges as cohesive entity, honoring legacy of late Egyptian tycoon Raouf Ghabbour
The rebranding efforts follow the passing of Ghabbour.
Four assets that make Egyptian billionaire Nassef Sawiris richest man in Arab world
Sawiris also owns a $135-million stake in English club Aston Villa.
Egyptian businessman Hassan Allam leads cooperation effort to boost investment in Africa
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.
Egyptian entrepreneur Ashraf Sabry’s Fawry secures $1.67-million capital increase approval
Sabry controls 2.3 percent of the fintech company.
Meet two Tunisian entrepreneurs set to make millions in $390-million AI-firm sale
They will also be eligible for performance-based future milestones.