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The 20 richest Moroccan investors on the Casablanca Stock Exchange

The Casablanca Stock Exchange is one of Africa’s top exchanges.

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Moroccan billionaire banker Othman Benjelloun.

The Casablanca Stock Exchange is one of the top exchanges on the continent that has created tremendous wealth for founders and investors since its establishment in 1929, 27 years before Morocco gained independence.

As of press time, 6:00 AM (UTC), Aug. 27, the market capitalization of all 81 listed companies on the exchange is MDH652.10 billion ($72.65 million), with institutional investors controlling a substantial percentage of the capitalization.

The market value of the equity stakes of the 20 richest founders and investors who hold beneficial interests in Morocco-based companies amounted to $3.06 billion. This represents 4.21 percent of the total market capitalization of the bourse.

Based on figures derived from investment agencies, the latest annual reports and confirmations from capital market registrars, these are the 20 richest people who own stocks listed on the Casablanca bourse.

The value of their shares is based on prices at the end of trading on Aug. 20, and valuations are converted to U.S. dollars at current exchange rates.

#1 Othman Benjelloun

Net Worth on the CSE: $1.3 billion

Holdings: 33.39% stake in Bank of Africa

Moroccan billionaire banker Othman Benjelloun is CEO Bank of Africa, which has a presence in more than 20 African countries.  He owns a 33.39-percent stake in the bank.

#2 Anas Sefrioui

 Net Worth on the CSE: $312.7 million

Holdings: Douja Prom Addoha

Anas Sefrioui is the general president of the publicly traded homebuilder Groupe Addoha.  He owns a 64.5-percent stake in the company.

#3 Mohamed Tazi

Net worth on the CSE: $267,905,790

Holdings: 19.20% stake in Societe de Therapeutique Marocaine SA

Mohamed Tazi is the son of Omar Tazi, the founder of Societe de Therapeutique Marocaine SA (Sothema), a large Moroccan pharmaceutical company. He owns 19.20 percent of the company. Tazi and his siblings are some of the richest people on the Casablanca Stock Exchange as a result of shares their father bequeathed to them.

#4 Najia Tazi

 Net worth on the CSE: $136,883,114

 Holdings: 9.81-percent stake in Societe de Therapeutique Marocaine SA

#5 Lamia Tazi

 Net worth on the CSE: $117,208,783

 Holdings: 8.40-percent stake in Societe de Therapeutique Marocaine SA

#6 Selma Tazi

Net worth on the CSE: $103,534,425

Holdings: 7.42-percent stake in Societe de Therapeutique Marocaine SA

#7 Bahia Berrada

 Net worth on the CSE: $93,627,492

 Holdings: 6.71-percent stake in Societe de Therapeutique Marocaine SA

 #8 Mohammed Karim Berrada

Net worth on the CSE: $93,627,492

Holdings: 6.71-percent stake in Societe de Therapeutique Marocaine SA

#9 Mohammed Amine Berrada

Net worth on the CSE: $90,836,807

Holdings: 6.51-percent stake in Societe de Therapeutique Marocaine SA

#10 Hassan Amor ­

Net worth on the CSE: $70,071,531

Holdings: Microdata SA

Hassan Ammor is the controlling shareholder of Microdata SA, a company that operates within the software and services sector, focusing on data processing and outsourcing services. Ammor owns 56.16 percent of the company.

#11 Badiaa Tazi

Net worth on the CSE: $58,185,788

Holdings: 4.17-percent stake in Societe de Therapeutique Marocaine SA

#12 Halima Berrada

Net worth on the CSE: $55,534,637

Holdings: 3.98-percent stake in Societe de Therapeutique Marocaine SA

#13 Mohamed Alami Nafakh Lazraq

Net worth on the CSE: $51,655,824

Holdings: Alliances Developpement Immobilier SA (ADI)

Mohamed Alami Nafakh runs Alliances Developpement Immobilier SA, a builder of hotels and middle-income housing in Morocco. Lazraq owns 51.68 percent of the company.

#14 Lina Berrada

Net worth on the CSE: $51,209,075

Holdings: 3.67-percent stake in Societe de Therapeutique Marocaine SA

#15 Mohamed Horani

Net worth on the CSE: $46,683,193

Holdings: Hightech Payment Systems SA

Mohamed Horani owns a 9-percent stake in Hightech Payment Systems SA (HPS), a Morocco-based software company. The company designs and provides comprehensive, modular and integrated solutions that manage electronic payments. Horani co-founded the company in 1995 along with Samir Khallouqui, and Abdeslam Alaoui Smaili.

#16 Samir Khallouqui

Net worth on the CSE: $46,237,109

Holdings: 8.914-percent stake in Hightech Payment Systems SA (HPS)

#17 Abdeslam Alaoui Smaili

Net worth on the CSE: $45,956,491

Holdings: 8.8599-percent stake in Hightech Payment Systems SA

#18 Driss Sabbahe

Net worth on the CSE: $45,955,454

Holdings: 8.8597-percent stake in Hightech Payment Systems SA

#19 Amal Diouri

Net worth on the CSE: $41,860,279

Holdings: 3-percent stake in Societe de Therapeutique Marocaine SA

#20 El Ghali Tahiri

Net worth on the CSE: $26,232,441

Holdings: 1.88-percent stake in Societe de Therapeutique Marocaine SA

Mfonobong Nsehe contributed to this report. Send comments to: news@billionaires.africa.

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African-American billionaire Oprah Winfrey files lawsuit against creators of ‘Oprahdemics’ podcast

As the “Queen of Talk,” Winfrey has built a thriving media empire that includes Harpo Productions.

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Oprah Winfrey.

Oprah Winfrey, a well-known African-American billionaire and talkshow host, has filed a lawsuit against the creators of the “Oprahdemics” podcast through her company, Harpo Productions, claiming that the program misleads the public into believing she sponsored or approved it.

According to Reuters, Winfrey, the wealthiest Black woman in the United States and one of the world’s richest Black billionaires, stated that she is neither seeking profit nor damages from the creators of “Oprahdemics,” and she is not attempting to halt the podcast.

She demanded that the podcast’s name be changed because its live events dilute Harpo’s “Oprah” and “O” trademarks and that the use of the word capitalizes on the goodwill that she has spent decades building, a move she said could cause irreparable harm to Harpo’s reputation.

Many consider Winfrey, who turned her hit talk show, “The Oprah Winfrey Show,” which aired for 25 years, into a media and business empire, to be an institution.

Winfrey returned to the small screen in 2020 on Apple TV+ for an interview show about COVID-19 as part of a multiyear deal with the streamer.

Since the start of the year, her net worth has declined from $2.6 billion to $2.5 billion at the time of writing this report, resulting in a total loss of $100 million for the leading businesswoman.

As the “Queen of Talk,” Winfrey has built a thriving media empire that includes Harpo Productions, which has worked on films like “The Color Purple,” “Beloved,” and “Selma.”

She also has a 25.5-percent stake in the Oprah Winfrey Network, the cable channel that she launched in 2011, and a seven-percent stake in Weight Watchers, a global company that provides weight loss and maintenance services, which is presently worth $492 million.

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These are the four African billionaires whose net worth has increased since start of 2022

Among them are Africa’s richest man Aliko Dangote and Egypt’s wealthiest man Nassef Sawiris.

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Nassef Sawiris.

Only four of the 21 African businessmen on our radar with a net worth of $1 billion or more have seen their fortunes improve since the beginning of the year.

Among them are Africa’s richest man Aliko Dangote and Egypt’s wealthiest man Nassef Sawiris.

The recent surge in the shares of companies in their portfolios has resulted in a combined wealth increase of nearly $2 billion for these four African billionaires since the start of the year.

According to data compiled by Billionaires.Africa, this is how they stand at the moment.

#1 Aliko Dangote

Net worth: $19.8 billion

Year-to-date wealth gains: $670 million

Nationality: Nigerian

Aliko Dangote, the chairman of Dangote Industries Limited, Africa’s most diversified manufacturing conglomerate, has seen his net worth rise by more than $670 million this year, from $19.1 billion at the start of the year to $19.8 billion at the time of writing.

The increase in his net worth can be attributed to a bump in the market value of his 86-percent stake in Dangote Cement Plc, which accounts for $9.06 billion of his $19.8-billion fortune.

Since the year began, shares in Dangote Cement, Africa’s largest cement manufacturer, have increased from N257 ($0.614) per share to N265 ($0.633) per share.

Earlier this week, the company’s share price plummeted to N241 ($0.57) per share, resulting in a staggering $863-million loss for the billionaire in a single day.

However, renewed buying interest among investors on Wednesday saw the billionaire recoup part of the wealth loss and net a year-to-date wealth gain of $670 million.

#2 Nassef Sawiris

Net worth: $7.16 billion

Year-to-date wealth gains: $670 million

Nationality: Egyptian

Egypt’s richest man Nassef Sawiris, a scion of Egypt’s wealthiest family, is one of the four African billionaires who have seen significant increases in their net worth since the beginning of the year.

The leading billionaire, who serves on the boards of Adidas and OCI N.V., a global nitrogen product manufacturer and distributor, has seen his net worth rise by $659 million since the beginning of this year, from $6.5 billion to $7.16 billion at the time of writing this report.

The majority of his fortune stems from his 38.8-percent stake in the Netherlands-based OCI N.V., which is worth $2.52 billion, and his six-percent stake in Adidas, which is worth $2.13 billion.

#3 Abdul Samad Rabiu

Net worth: $5.8 billion

Year-to-date wealth gains: $400 million

Nationality: Nigerian

Thanks to the listing of BUA Foods Plc, Abdul Samad Rabiu, the founder of BUA Group, one of Africa’s fastest-growing conglomerates, has seen positive wealth gains this year.

The market value of his stake in his newly consolidated food conglomerate, which went public on Jan. 5, offset the decline in the market value of his stake in his cement business, BUA Cement Plc, as its share price fell from N71.95 ($0.17) to N58.8 ($0.14) at the time of writing this report.

His net worth has risen by $400 million since the start of the year, from $5.4 billion to $5.8 billion.

#4 Nicky Oppenheimer

Net worth: $8.20 billion

Year-to-date wealth gains: $250 million

Nationality: South African

South Africa’s second-richest man Nicky Oppenheimer, who previously ran the diamond mining firm DeBeers before selling it to Anglo-American a decade ago, has seen his wealth rise by $250 million this year, from $7.95 billion to $8.2 billion, thanks to the revaluation of his private equity investments.

Oppenheimer, who is Africa’s third-richest man and South Africa’s second-wealthiest man, invests the majority of his net worth in private equity in Africa, Asia, the United States, and Europe through London-based Stockdale Street and Johannesburg-based Tana Africa Capital.

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South African billionaire Johann Rupert-linked SEACOM partners with BT Group

Seacom is privately funded and 75 percent African-owned.

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Johann Rupert. ©Billionaires.Africa

SEACOM has announced a strategic alliance with UK telecommunications service provider BT Group as it prepares to enter the African enterprise cybersecurity market.

SEACOM is a leading pan-African telecom services provider linked to South Africa’s richest man Johann Rupert.

The partnership aligns with SEACOM’s plans to expand its portfolio of services targeting African businesses. By leveraging BT Group’s infrastructure and expertise, SEACOM hopes to secure its own infrastructure and deliver new networking and security solutions to African businesses.

“With SEACOM’s global network and local presence and BT’s global reach and expertise, we will be able to deliver a comprehensive portfolio of cloud, security, and connectivity services that are reliable, scalable, and at the cutting-edge of the industry,” Oliver Fortuin, CEO of SEACOM, said.

BT Group, which protects some of the world’s largest organizations from cyber threats through a dedicated network of security operations centers around the world, announced that SEACOM customers will gain access to BT Group’s Cloud Security Incident Event Management (SIEM) platform.

The SIEM platform provides real-time visibility and monitoring across an organization’s entire IT environment, acting as an additional layer of security to SEACOM’s existing ICT solutions.

Seacom, which bills itself as Africa’s most extensive ICT infrastructure provider, is privately funded and 75-percent African-owned, with Rupert’s investment holding Remgro owning 30 percent of the company.

South African mining magnate Patrice Motsepe owns a 15-percent stake in the pan-African telecom services provider through his financial services conglomerate, Sanlam.

Jubilee Holdings, a Kenyan investment holding backed by Aga Khan IV (Shah Karim al-Husayni), increased its stake in SEACOM from 8.8 to 18.8 percent earlier this year after acquiring an additional 10-percent stake in the company.

According to Nizar Juma, chairman of Jubilee Holdings, the transaction will strengthen the company’s ability to diversify its investment priorities across major sectors of the economy.

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