Mohammed Akoojee-led Imperial Logistics acquires controlling stake in Africa FMCG Distribution Limited
The transaction is Imperial’s first since being acquired by DP World on March 21.
Southern Africa
Samsung welcomes South African billionaire Michiel Le Roux’s Capitec on payment platform
The long-term success of Samsung Pay is driven by strong partnerships.
Billionaire Strive Masiyiwa denies interest in South Africa’s SuperSport United FC
He stated in a Facebook post that the reports are a fabrication.
Mediclinic gains over $690 million four weeks after Johann Rupert’s Remgro launches takeover bid
Similarly, Remgro’s 44.6-percent stake in Mediclinc has increased in value by $281.5 million.
Angola’s former President Jose Eduardo dos Santos dies at 79
President Joao Lourenco has declared five days of national mourning.
Namibian businessman Koos Brandt gains $13 million from stake in Capricorn Group
Capricorn Group operates in Namibia, Botswana, and Zambia.
Consortium backed by South African billionaire Johann Rupert prepares higher Mediclinic bid
The news comes nearly four weeks after Mediclinic rejected an acquisition bid from Rupert’s Remgro.
South African billionaire Johann Rupert-controlled Reinet may trim stake in British American Tobacco
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle.
South African multimillionaire Barry Swartzberg loses $87 million in 16 weeks
Swartzberg owns a 3.93-percent stake of the Sandton-based company.
South African billionaire Oppenheimer family wins case to block exploration at Zimbabwe ranch
This comes after the family filed a lawsuit on June 2 to stop Pearline Mineral Exploration from mining on the Shangani Ranch.
Botswana retail tycoon Ramachandran Ottapathu loses over $4.4 million since start of 2022
Ottapathu remains one of Botswana’s wealthiest businessmen, along with his long-time business partner, Farouk.
Africa, cryptocurrency, and the future
Several governments are still contemplating whether it should even be legalized.
South Africa’s second-richest man Nicky Oppenheimer’s net worth rises by $400 million this year
Oppenheimer maintains private equity investments in Africa, Asia, the United States, and Europe.
Malawian banking mogul Hitesh Anadkat gains $40 million from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
Swazi billionaire Natie Kirsh’s net worth slumps by more than $600 million
However, Kirsh still remains one of Africa’s wealthiest billionaires.
South African tycoon Jens Montanana’s Datatec sells Analysys Mason management consulting firm for $252 million
The transaction is part of a concerted effort by management to unlock value trapped in Datatec’s structure.