Egypt’s richest man loses $220 million in one week
Despite recent setback, Sawiris' wealth is up by $261 million YTD, driven by early 2025 gains and strong performance in his diverse portfolio.
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Egyptian multimillionaire Safwan Thabet’s Juhayna stake gains $36.62 million in 20 days
Juhayna’s strong fundamentals and strategic market positioning continue to attract institutional and high-net-worth investors.
TAQA Arabia, led by Egyptian executive Pakinam Kafafi, strikes deal to expand CNG use
The partnership aligns with Egypt’s push for cleaner energy in transportation, as the country looks to cut fuel costs and reduce carbon emissions.
South African billionaire Ivan Glasenberg’s Glencore stake slips below $5 billion
His holdings have declined by £647.19 million ($817.53 million) in the past month as Glencore’s stock fell under market pressure.
Abderrahmane Benhamadi, one of Algeria’s richest, to build Africa’s biggest AC plant
The facility, set to be built in Bordj Bou Arreridj, about 240 km east of Algiers, will require a $200 million investment.
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Flutterwave, led by Olugbenga Agboola, plans Nigerian Exchange listing with focus on profitability
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Egyptian multimillionaire Safwan Thabet’s Juhayna stake gains $36.62 million in 20 days
Juhayna’s strong fundamentals and strategic market positioning continue to attract institutional and high-net-worth investors.