Tag: Egypt

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Egyptian tycoon Ahmed El Sewedy’s electric firm signs deal to operate high-speed network projects in Egypt

The firm will collaborate with Germany's Deutsche Bahn International Operation on the project.

Egyptian tycoon Ahmed El Sewedy’s electric company records over $44 million in profit in Q1 2022

The El-Sewedy family owns 68 percent of the corporation, or 1,478,689,860 ordinary shares.

Construction firm owned by Egypt’s wealthy Sawiris family to build industrial park

Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.

Led by Egypt’s richest family, Orascom Construction sees profit drop 43.1 percent in Q1 2022

Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.

Led by Egyptian exec Karim Awad, EFG Hermes raises capital by $52.9 million

The capital raise will be funded by the group's retained earnings and will be distributed over 194.61 million shares.

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Africa’s richest man adds $769 million to fortune in 24 hours; net worth surpasses $21 billion

President Tinubu’s bold policies propel the Nigerian Equities Market, catapulting Africa's richest man Aliko Dangote’s fortune

America’s richest black billionaire Robert F. Smith maintains top spot with $12 billion net worth

Robert F. Smith, America's richest black billionaire holds firm to top spot with a whopping $12 billion net worth

Nigeria’s richest banker Jim Ovia rakes in $26 million in single day as NGX soars

This recent surge has further solidified Ovia's position as one of the most affluent investors on the Nigerian Exchange.

Zimbabwe’s richest man Strive Masiyiwa sees net worth decline by $100 million

Despite the recent setback, Masiyiwa's net worth is still up by a remarkable $900 million since the start of the year.

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