Zimbabwean tycoon Strive Masiyiwa’s Africa Data Centers launches massive facility in Lagos
Africa Data Centers operates as an affiliate of Cassava Technologies, a fiber and telecom solutions group founded by Zimbabwe’s richest man.
Southern Africa
South African billionaire Nicky Oppenheimer loses $280 million in single day
Oppenheimer has seen his net worth slump below the $8-billion mark in recent times.
Son of Angola’s former president receives five-year sentence over $500 million in graft charges
Jose Filomeno dos Santos was found guilty alongside three others of fraud, embezzlement and influence peddling.
Mozambican tycoon Salimo Abdula’s kidnapped son rescued in South Africa
One of the alleged kidnappers has been arrested. The search is still underway to arrest the remaining kidnappers.
Botswana tourism tycoon Jonathan Gibson loses $5.6 million as Chobe shares decline
Chobe operates 12 ecotourism lodges and camps on leased land in northern Botswana and the Caprivi Strip in Namibia.
Investors could have ‘cashed in big’ by buying shares in South African mogul Johann Rupert’s Richemont
A $10,000 investment in Richemont on Dec. 31 2020 is worth $18,372 today.
Moroccan real estate tycoon Alami Lazraq’s Alliances Group posts $37.2 million in revenue in Q3 2021
Alliances Group is Morocco’s largest home and hotel builder.
Honeywell Flour Mill gains $12.57 million as Greek tycoon John Coumantaros makes acquisition move
Honeywell Flour Mills is a leading flour and pasta product manufacturer in Nigeria.
Botswana retail moguls Farouk Ismail, Ramachandran Ottapathu increase stake in Choppies
Choppies is a Botswana-based investment holding operating in the retail sector in Southern Africa.
South African billionaire Patrice Motsepe’s ARC to acquire Crossfin fintech platform
The acquisition marks a landmark deal in the fintech industry that will see Crossfin secure the requisite capital to pursue the next phase of its growth.
Heineken loses over $4 billion in eight days after revealing plans to acquire Johann Rupert’s Distell
Distell is South Africa’s most expansive wine and spirits maker.
South African billionaire Nicky Oppenheimer gains $2.02 million from stake in IDH
One of the wealthiest men in Africa and the second richest man in South Africa, he holds a significant stake in IDH.
Prosus, led by South African billionaire Koos Bekker, reports $15.8 billion in profit in H1 2022
Prosus is the global Internet assets division of the South African multinational group, Naspers.
Johann Rupert’s Richemont in talks with Prada and Farfetch to launch online retail platform
Richemont recently disclosed that it is in talks to sell off a majority stake in the loss-making online retailer YNAP.
Zimbabwean billionaire Strive Masiyiwa’s Africa Data Centers secures $254.6 million to expand presence in South Africa
Africa Data Centers operates as an affiliate of Cassava Technologies, a fiber and telecom solutions group.
Zimbabwean businessman John Moxon’s Meikles delays unbundling of tea business
Tanganda Tea Company is Zimbabwe’s largest distributor of bulk tea and packaged tea.