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    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

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    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

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    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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Egypt: Naguib Sawiris Egypt’s Biggest Billionaire Gainer in 2016 – Forbes

bycitibusinessnews
January 13, 2017
in Africa, North Africa
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Egyptian business tycoon Naguib Sawiris was Egypt’s biggest billionaire gainer in 2016, according to a report issued by Forbes.

The net worth of Naguib’s fortune increased $700 million to reach $3.7 billion. He became Africa’s seventh-richest person after he occupied the 10th position in the previous year.

In December 2016, Naguib announced that he would be stepping down as CEO of his telecom company, Orasom Telecom Media & Technology.

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Naguib, 62, is currently the second richest Egyptian, preceded by his younger brother Nassef, whose wealth reached $5.3 billion after he added $400 million to his net worth in 2016. Nassef currently ranks as Africa’s sixth-wealthiest person.

Their father Onsi is the continent’s oldest billionaire and is ranked 18th richest person in Africa with a wealth of $1.1 billion, according to Forbes list.

The list also included three other Egyptians, all from Mansour family, namely Mohamed, Yaseen and Youssef. Mohamed is the 10th richest African with a net worth of $2.7 billion. His brothers Yaseen and Youssef ranks 13th and 18th, respectively.

The 2016 Africa’s Billionaires list issued by Forbes includes 21 African billionaires, who reside on the continent, with a combined wealth worth $70 billion.

–

Credit: All Africa

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