Ghabbour family gains $29.2 million from GB Corp stake surge
This builds on the $56 million the family gained in 2023.
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Nassef, Samih, and Naguib Sawiris to get $13.3 million from Orascom Construction
The payout comes as the company reaffirms its commitment to its shareholders amid economic pressures.
Thabet’s Juhayna stake hits $310 million despite devaluation of the Egyptian Pound
SafwanThabet, a top figure in North Africa's consumer goods sector, owns a 50.07 percent stake in Juhayna through Pharon Investments Limited.
Beltone accelerates regional expansion with Baobab majority stake acquisition
This acquisition is set to accelerate Beltone’s growth strategy, centered on innovation, as the firm seeks to leverage advanced technologies like data science and AI.
5 Egyptian businessmen-owned companies whose shares have more than doubled in 2024
These companies illustrate the resilience and adaptability of Egyptian businesses, driven by strong leadership and strategic initiatives.
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South African billionaire Christo Wiese’s Brait completes bond buyback, cuts debt by $5.3 million
This is part of the company’s broader strategy to strengthen its financial structure and improve its balance sheet.
Johann Rupert, South Africa’s richest man, to divest $1.5 billion in British American Tobacco shares
This aligns with Reinet's broader investment strategy to optimize its portfolio and enhance liquidity.
Africa’s richest man, Aliko Dangote, loses $455 million in 24 hours
The plunge in Dangote's wealth is largely attributed to a major sell-off in Dangote Cement shares on the Nigerian Stock Exchange (NGX).
Nigerian billionaire Adebayo Ogunlesi joins OpenAI’s Board of Directors
This appointment marks a key step for Ogunlesi, reflecting his leadership and experience in shaping global infrastructure and corporate strategy.