North Africa

Tunisian tycoon Abdelwaheb Ben Ayed loses $2.8 million as Poulina shares plummet

Ben Ayed faces a $2.8-million loss as Poulina shares plummet, testing investor confidence.

Egyptian entrepreneur Ashraf Sabry’s Fawry reports $4.6-million profit in Q1 2023

Sabry's Fawry surpasses expectations in Q1 2023 with a triple-digit profit surge, consolidating its position as a fintech leader.

Egypt’s second-richest man Naguib Sawiris suffers $110 million loss in just nine days

Sawiris, Egypt's second-richest billionaire, faces a net-worth decline amid subdued gold prices.

Nassef Sawiris’ Orascom Construction sells chemicals subsidiary for $53 million

This divestment is part of Orascom’s strategy to extract value across its assets for allocation to growth and value-accretive areas.

Aziz Akhannouch, Morocco’s richest man, faces staggering $500-million loss in 2023

Akhannouch, Morocco's prime minister and wealthiest individual, has lost half a billion dollars due to declining petroleum assets.