Tag Archives: Naguib Sawiris

Egyptian billionaire Naguib Sawiris has reportedly offered to invest $250 million in Brazilian telecom operator Oi in an effort to pull the company out of bankruptcy proceedings. Check also: The Youngest Billionaire In Africa, Mohammed Dewji To Create 100,000 Jobs In Tanzania According to a report by the Wall Street Journal, a proposal for the investment has been drafted by the Sawiris Group ...

Following several years of steady growth in Africa, the continent’s wealthiest are facing a number of headwinds. The plunge in the price of oil and commodities has heavily impacted the elite earners. Check also: Nigeria’s 2nd Richest Man, Mike Adenuga Receives Highest National Honor In Ghana The latest Forbes Rich List shows that the number of billionaires in Africa has taken ...