Ezz Steel shares rebound, boosting Ahmed Ezz’s stake to $755 million
This wealth rebound follows a recent rally in Ezz Steel’s stock price on the Egyptian Exchange (EGX), reversing earlier losses.
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Anas Sefrioui surpasses Akhannouch and Benjelloun to become Morocco's richest man
Anas Sefrioui returns to Africa’s billionaire list with a net worth of $1.7 billion, surpassing PM Akhannouch and banking tycoon Benjelloun.
Orascom, owned by Sawiris family, plans Egypt cutback after $2.6 billion Saudi deal approval
CEO Osama Bishai said Orascom is prioritizing projects with foreign currency funding and international financial backing.
Hisham Talaat Moustafa’s TMG partners with Alameda for $100 million healthcare expansion in Egypt, Saudi Arabia
Under the agreement, Alameda will manage and operate a state-of-the-art hospital within TMG’s flagship Madinaty development in East Cairo.
Orascom Construction, backed by Egypt’s richest family, advances in $2.6 billion Saudi deal
Orascom Construction secures green light for a $2.6 billion Qurayyah IPP expansion in Saudi Arabia, reinforcing its regional energy footprint with a 3GW boost.
Latest
Anas Sefrioui surpasses Akhannouch and Benjelloun to become Morocco's richest man
Anas Sefrioui returns to Africa’s billionaire list with a net worth of $1.7 billion, surpassing PM Akhannouch and banking tycoon Benjelloun.
South African tycoon Barry Stuhler’s Lighthouse declares $29.5 million dividend
This represents a 17.08 percent increase compared to the previous year, driven by stronger-than-expected tenant sales and a strategic expansion of its property portfolio.
Sibanye’s 89MW wind farm begins commercial operation under Neal Froneman
Sibanye-Stillwater, led by Neal Froneman, begins commercial operations at 89 MW Castle Wind Farm, advancing its renewable energy goals and sustainability efforts.
The World’s Black billionaires in 2025
With a combined fortune exceeding $90 billion, Black billionaires are shaping industries from energy and tech to media and infrastructure.
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