Egyptian tourism mogul Ayoub Adly Ayoub's Remco reports $18-million loss in H1 2024
Tourism tycoon Ayoub Adly Ayoub’s Remco reports a shocking $18 million loss in 2024. Despite revenues skyrocketing, the company’s profits have evaporated
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Lesaka acquires Recharger, prepaid electricity firm, in $28 million deal
The deal, which strengthens Lesaka’s position in the fintech sector, involves the purchase of all Recharger's shares.
Nassef Sawiris sees $930-million wealth gain, entering global top 350 richest
Egypt’s richest man, Nassef Sawiris’ wealth is bolstered by increased cash holdings, rising by nearly $1 billion to $3.85 billion.
Sibanye-Stillwater partners with C5 Capital to explore Nuclear opportunities
The two companies formalized their partnership with a Memorandum of Understanding (MoU).
South African tycoon Stephen Brookes gains $2 million from Balwin stake
This follows earlier gains of $2.53 million between Oct. 3 and Nov. 1, when his holdings rose from $20.21 million to $22.73 million.