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.
North Africa
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.
Tunisian tycoon Khaled Fakhfakh loses $1.08 million as BIAT shares retreat from record highs
The group maintains operations in banking, insurance and asset management.
Moroccan business tycoon Adil Douiri loses $2.68 million in four months as Mutandis shares slump
Douiri is a venture capitalist and politician, who founded Mutandis as a packaged foods retailer in 2008.
Royal Family of Morocco loses $272.05 million in three weeks as shares in Morocco’s largest bank decline
Attijariwafa Bank is a Moroccan multinational commercial bank based in Rabat, Morocco.
Tunisian tycoon Moncef Sellami gains $8.6 million in 2021 as One Tech shares surge by 15 percent
One Tech Group is a global industrial player founded by Sellami in 1978.
Egyptian tycoon Naguib Sawiris shuns Bitcoin, says cryptocurrencies are speculative
His statement comes at a time when the world is highly concerned about inflation.