Egyptian tycoon Naguib Sawiris shuns Bitcoin, says cryptocurrencies are speculative
His statement comes at a time when the world is highly concerned about inflation.
North Africa
Led by affluent Moroccan Chaabi family, SNEP reports 14.8-percent increase in revenue
The Moroccan Chaabi family holds a majority 62.92-percent stake in SNE through Ynna Holding.
Egyptian businessman Medhat Khalil gains $42.05 million in 15 days as Raya Holding shares surge
Raya Holding is an Egypt-based investment conglomerate majority owned by Egyptian tycoon Medhat Khalil.
Moroccan politician Adil Douiri’s Mutandis posts $127.8 million in revenue in 9M 2021
Mutandis is an industrial group with operations in four business segments in the consumer goods industry.
Moroccan multimillionaire Hassan Amor loses $6.7 million in 11 days as wary investors offload stakes in Microdata
Microdata is a leading Moroccan IT company, providing integration, support and consulting services.
Egyptian real estate tycoon Hisham Talaat Moustafa gains $107 million as TMG shares surge
TMG is one of the largest conglomerates in Egypt, founded by the late Talaat Moustafa in 1974.
Ahmed Mekky’s Benya Group eyes IPO in Egypt and foreign equity market
Benya Group is a leading digital solutions and ICT infrastructure provider in Egypt, the Middle East and Africa.
Tunisian businessman Moncef Mzabi gains $7.4 million in 2021 as shares in ARTES surge by 55 percent
An automobile industry leader, ARTES is the official dealer of the Renault and Nissan brands in Tunisia.
Hani Berzi’s Edita Food Industries registers 58-percent growth in profit in 9M 2021
Edita Food Industries is a leader in the Egyptian packaged snack foods market.
Moroccan tycoon Karim Benjelloun gains nearly $3 million in three months as Disway shares surge
Disway is Morocco’s first technology distributor and a leading computer hardware distributor in the Maghreb region.
Sunil Bharti Mittal’s Airtel Africa signs partnership with UNICEF to accelerate digital learning across Africa
Airtel Africa is a leading telecom and mobile money services provider in Africa, with a presence in 14 countries.
Egypt’s richest man Nassef Sawiris gains $80 million in October, as Adidas shares close in positive territory
The billionaire’s net worth climbed from $6.79 billion at the start of the month to $6.87 billion at its close.
Hazem Hegazy-led Al Baraka Bank Egypt suffers single-digit decline in earnings, net profit falls below $65 million in 9M 2021
Al Baraka Bank Egypt SAE is an Egypt-based commercial bank providing retail, corporate and investment banking solutions.
Tunisian tycoon Mehdi Tamarziste loses $4.1 million in six months as UBCI shares slump from record high
UBCI is a commercial bank based in Tunis, Tunisia’s capital. It operates as a subsidiary of BNP Paribas.
Moroccan financial services magnate Said Alj gains $1.85 million in two months as Saham Assurance shares surge
Saham Assurance is a Moroccan insurance group and an operating subsidiary of Sanlam Group.
Moroccan mogul Abdeslam Ahizoune’s telecom firm posts lower earnings despite single-digit growth in customer base
Formerly Maroc Telecom, Itissalat Al-Maghrib is the main telecommunications company in Morocco.