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.
North Africa
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.
Egyptian fintech mogul Mounir Nakhla’s MNT-Halan bets $10 million on Pakistan expansion
The company plans to open 100 new branches in Pakistan and expand its digital lending platform by the end of 2025.
Egyptian tycoon Hassan Allam’s firm seals deal to build nationwide EV charging network
The plan includes installing both alternate current (AC) and direct current (DC) chargers at high-traffic filling stations, making EV adoption more accessible.
Alan Pullinger, South African banker, sees stake in FirstRand dip below $30 million
The decline in Pullinger’s stake reflects the broader uncertainty among investors.
Egypt’s real estate mogul Hany El Assal’s Misr Italia rakes in $79.1 million sales in January
Misr Italia Properties saw a 200% contract sales surge in Jan. 2025, driven by strong demand, new project phases, and strategic investments across Egypt.
Egyptian billionaire shatters records as TMG hits $10 billion in 2024 sales
Egypt’s TMG Holding posts record $10 billion sales in 2024, a 253% surge, driven by expansion into Saudi Arabia and major North Coast projects.
Alami Lazraq, Moroccan real estate tycoon, gains nearly $90 million in nine days
This latest gain comes after an earlier increase of $37.2 million between Jan. 21 and Feb. 5.
Oriental Weavers, led by Egyptian tycoon Yasmine Khamis, seeks end to Morocco’s carpet tariff
The company argues that the economic conditions that led to the duty in 2022 have changed, making it unnecessary.
Egyptian businessman Mohammed El-Sewedy's stake in electric giant surges by $45 million
Since the start of the year, the value of his holding has risen by $45.8 million, fueled by a strong rally in the company’s stock on the EGX.
Algerian-born French tycoon Sue Nabi’s stake in US beauty giant declines by $64 million
The recent decline has pushed the market value of her stake below $180 million.
Egyptian tycoon Ibrahim Al Organi backs $5 billion mega project, steering Organi Group’s bold expansion
The consortium aims to take on large-scale projects across Egypt and beyond, targeting $500 million in business volume in its first year.
Basil El-Baz: Egyptian tycoon behind $10.8 billion petrochemical revolution
More than two decades into his career, Basil El-Baz has not only built billion-dollar ventures but has also reshaped Egypt’s petrochemical industry.
Egyptian steel tycoon Ahmed Ezz makes over $37 million from Ezz steel stake
With an output surpassing 5 million metric tonnes each year, Ezz Steel continues to outperform regional rivals like Saudi Arabia's Hadeed and Emirates Steel.
Egyptian real estate tycoon Abdallah Sallam's Madinet Masr hits $911 million in 2024 contract sales
Madinet Masr posts record $910.5 million sales in 2024, driven by strategic expansion and strong market demand, reinforcing its leadership in Egypt’s real estate sector.