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.
North Africa
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.
Karim Awad-led EFG Hermes signs $47.7-million leaseback agreement with MNHD
Madinet Nasr Housing and Development specializes in securities brokerage, asset management and investment banking.
Egyptian businessman Khaled Mahmoud gains $3.9 million in 34 days from stake in MM Group
Mahmoud is the chairman of MM Group, an Egypt-based consumer electronics distributor and retailer.
Kenyan tycoon Ashok Doshi, wife sue CBK, Imperial Bank over $8.8-million deposit
Doshi is the owner of Doshi Group, a provider of steel, electrical, water, hardware and telecom solutions.
Egyptian tycoon Safwan Thabet gains $26.7 million as Juhayna Food Industries shares surge
The gain in his stake can be linked to renewed investor buying interest driven by the company’s robust financial performance.
Egypt’s wealthy Khamis family gains $12 million in three days as Oriental Weavers shares surge
The Khamis family currently holds a 56.58-percent majority stake in the carpet company.