Egyptian billionaire Mohamed Mansour partners with GM to study domestic EV production
His Al Mansour Automotive Co is the largest GM dealer in the world and the fifth-largest distributor of Caterpillar Inc.
North Africa
Egyptian tycoon Hassan Allam’s construction group secures first-ever project in Jordan
Hassan Allam Holding is Egypt’s leading privately owned engineering, construction, and infrastructure group.
Tunisian tycoon Habib Essayeh gains $8.4 million in 2021 as shares in Euro Cycles surge by 32-percent
Euro-Cycles is a Tunisian automotive company specializing in the production of bicycles.
Egyptian steel magnate Ahmed Ezz loses $81 million in four weeks as Ezz Steel shares slump
Ezz Steel is the largest independent steel producer in the Middle East and North Africa.
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $268.1 million in net profit in 9M 2021
Bank of Africa is a multinational pan-African banking conglomerate with operations in 18 African countries.
Egyptian tycoon Hani Berzi’s Edita Food Industries moves to acquire Egyptian Belgian Company
Edita Food Industries is a leader in the growing Egyptian packaged snack foods market.
Egyptian mogul Nassef Sawiris enters alliance with Emirati investors to further boost clean methanol business
OCI N.V. is a leading nitrogen and hydrogen product manufacturer and distributor.
Egyptian billionaire Nassef Sawiris’ net worth slumps by $190 million in just a week
The decline can be linked to a slump in Adidas’ shares, as investors sell off their positions in the company.
Moroccan magnate Anas Sefrioui loses $75.72 million as ADH shares slump
ADH is Morocco’s largest property developer and operator with real estate programs across the North African country.
Egyptian billionaire Yasseen Mansour’s Palm Hills plans to invest $242 million in 2022
The projected investment for the coming financial year represents a 52-percent increase from last year.
Controlled by Alaouite Royal Family of Morocco, Attijariwafa Bank reports surge in profits in 9M 2021
Attijariwafa Bank is a Moroccan multinational commercial bank and financial services conglomerate based in Rabat, Morocco.
Egyptian tech entrepreneur Ashraf Sabry loses over $10 million in 33 days
With a market capitalization of $1.38 billion, Fawry is one of Africa’s few tech companies worth over $1 billion.
Moroccan businessman Mohammed Abdeljalil-led Marsa Maroc posts $287.7-million revenue in 9M 2021
The group’s quarterly filings revealed that it delivered a resilient financial performance despite the pandemic.
Moroccan tycoon Karim Benjelloun’s Disway reports $119.1 million in revenue despite chip shortages
The company reported a growth in revenue as chip shortages rock the global technology industry.
Karim Awad-led EFG Hermes reports 26-percent boost in 9M 2021 earnings; profits surge above $65 million
EFG Hermes is an Egyptian financial services company, with a global operational footprint.
Egyptian tycoon Hend El-Sherbini’s IDH reports highest-ever 9M profit as COVID-19 tests drive growth
IDH is a leading consumer healthcare group in the Middle East and Africa, with operations from Egypt to Nigeria.