Egyptian tycoon Ahmed El Sewedy’s electric company signs $28.3-million contract for project in new administrative capital
Elsewedy Electric for Trading and Distribution is a 99.8-percent-owned subsidiary of Elsewedy Electric.
North Africa
Egypt’s richest man Nassef Sawiris gains $260 million in four days
Sawiris’ stake in Adidas, the largest sportswear company in Europe, accounts for the bulk of his $6.69-billion fortune.
Tunisian tycoon Mehdi Tamarziste’s UBCI grants $52.5-million loan to Enda Tamweel
UBCI is a leading Tunisian commercial bank and an operating subsidiary of BNP Paribas.
Moroccan businesswoman Lamia Tazi gains $1.53 million in 22 days from pharma company, Sothema
Sothema is the leading healthcare company in Morocco, and one of the leading pharma companies in Africa and the Middle East.
Naspers CEO Bob van Dijk acquires shares in Prosus worth more than $10 million
van Dijk’s purchase comes nearly two weeks after Prosus announced the successful buy-back of its shares worth $118.5 million.
Tunisian businessman Habib Essayeh gains $2.1 million as shares in Euro-Cycles surge
Habib Essayeh, Euro-Cycles’ CEO, holds a beneficial 33.6-percent stake in the company.
Egyptian billionaire Yasseen Mansour’s stake in property developer Palm Hills worth over $18 million
Palm Hills Development is a leading property developer with active investments and operations in Egypt.
Egyptian businessman Wael Olama’s e-commerce fashion startup Gahez raises $2 million in pre-seed funding
The $2-million round funding was led by Disruptech Ventures, a $25-million VC fund.
Egyptian construction mogul Hassam Allam bags contract to build country’s first vertical-lift bridge
Found in 1936, Hassam Allam Holding is one of the largest privately owned corporations in Egypt, the Middle East and North Africa.
Egypt’s richest man Nassef Sawiris loses $130 million in 2021
Egypt’s richest man Nassef Sawiris saw his net worth shed $130 million in 2021.
Led by Hazem Hegazy, Al Baraka Bank Egypt targets $89.7 million profits in 2022
Al Baraka Bank Egypt SAE provides retail, corporate, and investment banking solutions in accordance with Islamic Sharia principles.
Zimbabwean fast food mogul Zinona Koudounaris gains $1.75 million on first trading day in 2022
Axia Corp is a Zimbabwe-based specialty retail and distribution business.
Egyptian tycoon Ahmed El Sewedy-linked Egytech Cables signs $28.1-million contract with Kuwaiti company
Egytech Cables is a 99.98-percent-owned subsidiary of the Elsewedy family-controlled Elsewedy Electric.
Moroccan PM Aziz Akhannouch gains $179.5 million from stake in Afriquia Gaz in 2021
Afriquia Gaz SA is a Morocco-based group engaged in refining and marketing liquefied petroleum gas.
Egyptian billionaire Nassef Sawiris-led Orascom approves acquisition of three companies
Founded in 1950 by late Egyptian tycoon Onsi Sawiris, Orascom Construction is an Egypt-based engineering and construction giant.
Led by Mostafa Kandil, Egyptian ride-hailing startup Swvl set to list on U.S exchange
Swvl is a ride-hailing startup that provides a semi-private alternative to public transport.