Is collaborative giving the future of impact on the continent?
One of the critical strategies that large donors in Africa use is collaboration.
Southern Africa
Swazi billionaire Natie Kirsh’s net worth increases by $320 million in two weeks
Kirsh is the 313th wealthiest man in the world and the fourth-richest man in Africa.
Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies appoints Tesh Durvasula as CEO for Africa Data Centers
Durvasula will take on the leadership role to drive growth, innovation and strategy for Africa Data Centers.
South African tycoon Stephen Saad’s Aspen partners with Siemens to boost vaccine production for Africa
The collaboration will enable Africa’s largest drugmaker to increase its production capacity to meet the rising vaccine demand in Africa.
Billionaire businessman Patrice Motsepe loses $111 million as shares in South Africa’s first Black-owned mining group fall from record highs
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 40 percent of the leading mining group.
One of Malawi’s wealthiest men Thomson Mpingajira receives court bail months after being served nine-year sentence
Mpingajira is was convicted for attempting to bribe judges hearing a case related to the country’s 2019 presidential election.
Zimbabwe’s richest man, billionaire Strive Masiyiwa gains over $49 million from stake in EcoCash Holdings
Masiyiwa owns 30.26 percent of EcoCash Holdings, or 783,882,701 ordinary shares, through Econet Global Limited.
South African mogul Christo Wiese-linked Pepkor acquires controlling stake in Brazilian retailer
The deal will conclude on Feb. 4 through the acquisition of shares from Kinea Private Equity and the Caselli family.
South African tycoon Mohammed Akoojee’s Imperial Logistics acquires stake in Ascendis Pharma
The transaction marks another milestone for Imperial’s healthcare business.
South Africa’s second-richest man Nicky Oppenheimer gains more than $180 million in January 2022
The rise comes off the back of a revaluation of his assets held through Stockdale Street and Tana Africa Capital.
Mining mogul Neal Froneman’s Sibanye-Stillwater buys out Amplats’ 50-percent stake in South African mine
The Froneman-led mining group will take full ownership of the low-cost, mechanized Kroondal operation
Namibian tycoon Quinton van Rooyen’s Trustco Group suffers over $64.6 million in losses in 2021
It is the second year in a row that the diversified investment holding has posted losses.
Key trends of African givers: Philanthropy is making its mark
Philanthropic practices in Africa have evolved through time and continue to shift.
Christo Wiese-linked retailer Steinhoff looks to sell stake in Pepkor Group in move to offload $11-billion debt burden
Pepco Group is a fast-growing, multi-format, pan-European discount variety retailer.
South African billionaire Patrice Motsepe’s ARM acquires Bokoni mine for $334 million
ARM will invest $334 million per year in the development of the mine to get it up and running.
Pieter Engelbrecht-led Shoprite posts $5.59 billion in revenue in H1 2022
The retailer’s market capitalization on the Johannesburg Stock Exchange is $7.8 billion.