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.
North Africa
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.
Algeria’s richest man Issad Rebrab calls on government to encourage investments and introduce reforms
Rebrab is the head of the Algerian billionaire Rabrab family and the world’s second-richest Arab after Nassef Sawiris.
Egypt’s Khamis family loses $27.2 million in nearly seven weeks as shares in Oriental Weavers retreat from record 41-month high
Oriental Weavers is the world’s largest manufacturer of machine-made carpets.
Egyptian billionaire Nassef Sawiris gains $230 million in two weeks as Adidas shares rebound from five-month low
Since the start of the year, Sawiris has seen his net worth increase by $264 million from $6.6 billion on Dec. 31, 2020.
Led by Tunisian Ben Yedder family, Ennakl Automobiles posts $153 million in revenue in 9M 2021
Ennakl is a Tunisian auto retailer selling cars under the Volkswagen, Audi, Seat and Porsche brands.
Moroccan businessman Alami Lazraq loses $7 million as shares in country’s largest homebuilder slump by nearly 12 percent
ADI is Morocco’s largest home and hotel builder. Lazraq holds a majority 51.7-percent stake in the company.
Egyptian businesswoman Hendi El-Sherbini loses nearly $20 million as shares retreat from three-year high
IDH is a leading consumer healthcare group in the Middle East and Africa.
Businessman Hassan Allam bags another irrigation project from Egyptian authorities
This comes a month after Egypt awarded Allam’s company a $220-million infrastructural deal.
Businessman Mohamed Frikha’s Syphax Airlines partners with Tui Russia to transport 50,000 tourists to Tunisia in 2022
Syphax Airline is a privately-held charter airline founded in 2011 by Tunisian businessman Mohamed Frikha.