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.
North Africa
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.
Egyptian billionaire Nassef Sawiris close to sealing $321 million MLS soccer deal
Sawiris and Wes Edens are looking to set up an MLS outfit in Las Vegas.
Moroccan real estate tycoon Alami Lazraq to end 2021 with $3.7-million gain from ADI stake
ADI is a subsidiary of Alliances Group, a Morocco-based holding with a broad array of real estate investments.
Egyptian tycoon Hend El-Sherbini’s IDH to acquire majority stake in Pakistan-based IDC for $72.35 million
Islamabad Diagnostic Centre (IDC) is one of Pakistan’s largest integrated diagnostics providers.
Egypt’s wealthiest man, Nassef Sawiris loses $250 million amid news of Adidas shares buyback
Sawiris derives the majority of his wealth from his stake in Adidas.
Led by Saad Bendidi, Moroccan agribusiness Forafric set to list on U.S. exchange
Forafric is a leading Moroccan company sourcing, processing, selling and distributing agricultural commodities.
Wealthy Ben Yedder family of Tunisia gains over $3.6 million from stake in Ennakl Automobiles
Ennakl is a Tunisian automobile retailer engaged in the sale of cars under the Volkswagen, Audi, Seat and Porsche brands.
Egyptian billionaire Naguib Sawiris set to sell his majority stake in ‘struggling’ Euronews
The deal is expected to close in Q1 2022.