Egyptian businessman Hani Berzi’s Edita secures $45-million loan from IFC
Under Berzi’s leadership, Edita Food Industries experienced a remarkable upswing of 92.8 percent in profits.
Real estate firm led by Egyptian billionaire Yasseen Mansour unveils $2.75-billion venture
Mansour, the group’s chairman, maintains a 7.29-percent ownership interest in Palm Hills Developments.
South African billionaire Michiel Le Roux gains $245 million from Capitec stake
Le Roux owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
South African tycoon Stephen Brookes faces $1.8-million loss from Balwin stake
Brookes is Balwin Properties’ largest shareholder, holding 170,374,031 shares, or a 36.08-percent stake.
Egyptian billionaire Mohamed Mansour’s San Diego MLS team plans training center on tribal land
The campus, spanning 125,000 square feet, will feature a 50,000-square-foot advanced sports facility.
Billionaire movie mogul Tyler Perry gives boost to Bahamas’ ‘Orange Economy’
Tyler Perry is the owner of White Bay Cay, an island in the Bahamas that has a 14,000-square-foot Bali-styled mansion.
Greek multimillionaire John Coumantaros gains $10.5 million from Flour mills stake
Coumantaros ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
Egypt’s richest man Nassef Sawiris gains $150 million in 4 days
Sawiris’ net worth has surged by $150 million in just four days, translating to an average gain of $37.5 million per day since Sept. 26.
South African tycoon Gerrie Fourie gains more than $10 million in 24 days
Fourie, Capitec Bank’s CEO, owns a 0.89-percent stake in the leading retail bank, or 1,027,673 ordinary shares.
Moroccan real estate tycoon Alami Lazraq rakes in $31.6 million from ADI stake
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
Saudi fund eyes stake in real estate firm led by Egyptian billionaire
Egyptian billionaire Yasseen Mansour retains a 7.29-percent ownership stake in Palm Hills Development.
Hisham Talaat Moustafa, one of Egypt’s richest men, rakes in $124 million
With a 43.16-percent stake in TMG, Hisham Talaat Moustafa ranks among the richest investors on the Egyptian Exchange.
South African tycoon Johan Burger suffers $2-million loss from FirstRand stake
Burger, a seasoned director at FirstRand since 2009, owns a minority 0.110-percent ownership stake in FirstRand.
Egyptian mogul Khaled Mahmoud’s MM Group plans to enter Saudi Arabian market
Mahmoud owns a noteworthy 10.13-percent stake in MM Group, presently valued at nearly $15 million.
One of Botswana’s richest men, Ramachandran Ottapathu, loses $2.3 million
As the co-founder of Choppies, Ottapathu owns a controlling 24.48-percent stake in the supermarket chain, totaling 316,353,058 ordinary shares.
Moroccan pharma tycoon Lamia Tazi suffers $3-million loss from Sothema stake
Tazi, the CEO and chairperson of Sothema holds a substantial 8.4-percent stake in the leading healthcare company.