Egyptian tycoon Hani Berzi rakes in $33 million in nine days from Edita stake
Berzi established the conglomerate in 1996 and presently holds a substantial 41.95-percent stake, equivalent to 303,323,015 ordinary shares, via Quantum Invest BV.
Morocco’s second-richest man Othman Benjelloun gains $51.5 million from BOA stake
Benjelloun owns a significant 27.41-percent stake in Bank of Africa.
Moroccan real estate mogul Alami Lazraq gains nearly $12 million from ADI stake
This surge not only solidifies his position among the leading investors on the Casablanca bourse but also reaffirms his standing as one of Morocco’s wealthiest individuals.
Morocco’s royal family gains $158 million from Attijariwafa Bank
Notably, the bank’s shares on the Casablanca Stock Exchange recently saw a 3.31-percent increase, climbing from MAD480.5 ($47.752) on Jan. 29 to MAD496.4 ($49.33).
Africa’s richest man to take two companies public, says NGX Chairman Umaru Kwairanga
Kwairanga said the Dangote Oil Refinery and Dangote Fertilizer Company are slated for listing on the exchange imminently.
Egyptian businessman Medhat Khalil loses $28.6 million from Raya Holding stake
Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares in the group.
Nigerian tycoon Taiwo Afolabi’s Sifax Group partners Singaporean firm on aviation development
Afolabi emphasized the consortium’s commitment to leveraging its track record of success in revitalizing enterprises for growth and profitability.
Egyptian multimillionaire and steel magnate Ahmed Ezz faces $100-million loss in just 8 days
Ezz owns 60.7 percent of Ezz Steel, which translates to 329,816,198 shares in the steel behemoth.
Egypt’s billionaire El-Sewedy family loses $126 million in just six days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, hold a beneficial stake of 68.1 percent in the company, equivalent to a total of 1,478,358,330 ordinary shares.
South African mining mogul Neal Froneman loses $1 million in 33 days
Despite grappling with this recent financial setback, Froneman remains a pivotal figure within South Africa’s mining industry.
Moroccan tycoon Adil Douiri gains $1.27 million from Mutandis shares
Douiri, a leading politician and businessman who founded Mutandis in 2008, owns a 6.9-percent stake in the Casablanca-based consumer goods firm.
Egypt’s richest man Nassef Sawiris loses $220 million in 2024
This downturn — which translates to an average daily loss of $8.16 million since the start of the year — is linked to the slump in the market value of his industrial assets in Europe and Africa.
U.S.-Nigerian telecom tycoon Sam Darwish loses $16.6 million from IHS stake
Darwish, the chairman and CEO of IHS, who ranks as one of the top figures in the African telecom industry, holds a substantial 4.17-percent stake in the group.
South African executive Osman Arbee pockets $4-million salary in 2023
His 2023 compensation package includes a base salary of R12.3 million ($0.65 million) and a performance-based short-term incentive of R15.96 million ($0.84 million).
Egypt’s Khamis family gains nearly $55 million from Oriental Weavers stake
The Khamis family, one of Egypt’s wealthiest families, presently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
Egyptian billionaire Ghabbour family loses $32 million in 10 days
Presently, the Ghabbour family holds a 62.9-percent stake in GB Corp, solidifying their status as prominent investors on the Egyptian Exchange.