Ashraf Sabry’s Fawry gains $53 million in single day after seeing over $123.4 million in block deals
Fawry is one of Africa’s leading fintech companies.
North Africa
Egyptian entrepreneur Ayman Bazaraa’s Sprints raises $1.2 million to expand tech skills in Middle East and Africa
Sprints was founded in 2019 to bridge the tech talent gap among youths.
Egyptian tycoon Hani Berzi’s Edita Food Industries plans to invest $54.5 million in three years
Edita’s planned investment is consistent with its intention to develop the region’s food manufacturing position.
Moroccan businessman Karim Benjelloun gains $1.7 million in six weeks
Disway distributes technological products and offers a wide range of international brands from IT publishers and manufacturers.
Tunisian businessman Habib Essayeh gains $1.38 million in eight days from stake in Euro-Cycles
Essayeh owns a beneficial 33.6-percent stake in the bike maker.
Led by Egyptian executive Karim Awad, EFG Hermes plans to increase its capital base by $52.9 million
EFG Hermes will issue one share for every five shares held by shareholders.
Egyptian billionaire Nassef Sawiris tops list of richest Arab billionaires
Despite losing $600 million in net worth, Sawiris remains the richest Arab billionaire on the Forbes list of the world’s richest people.
Algeria’s richest man Issad Rebrab moves to shut down French-speaking press company, Liberte
Rebrab is the founder and owner of Cevital, the country’s leading private group.
Egyptian tycoon Hani Berzi’s Edita Food Industries launches first overseas production facility in Morocco
The new facility will be run by Edita’s Moroccan subsidiary, Edita Food Industries Morocco.
Egyptian billionaire Yasseen Mansour’s Palm Hills to reward shareholders with $16.7-million dividend
Mansour will receive a total payout of $835,000 from the dividend distribution.
Billionaire Royal Family of Morocco loses $270 million from stake in Attijariwafa Bank
The Alaouite Royal Family owns a 45.3-percent stake in Attijariwafa Bank.
Egyptian billionaire Nassef Sawiris recovers from deficits as net worth exceeds $6.6 billion
With a total net worth of over $6.6 billion, Sawiris remains the richest man in Egypt and the 389th richest man in the world.
U.S. resort firm, Vail, acquires majority stake in Swiss resort firm linked to Egyptian billionaire Samih Sawiris
Switzerland-based mountain resort company, ASA is majority-owned by Samih Sawiris.
Moroccan businesswoman Lamia Tazi loses $7.1 million from stake in pharmaceutical company, Sothema
Sothema has grown into a leading pharmaceutical company in Africa and the Middle East.
Egyptian founder Mostafa Kandil’s Swvl partners with Moove to deliver EVs in MENAP region
The agreement comes nearly two weeks after Moove raised $105 million from institutional investors.
Egypt’s Ghabbour family set to receive $13.1 million in dividends from GB Auto in 2022
The wealthy Ghabbour family holds a majority 62.9-percent stake in Ghabbour Auto.