South African executive Alan Pullinger gains more than $1 million from stake in FirstRand
Pullinger holds a minority shareholding of about 0.1 percent in the group.
Southern Africa
Billionaire Patrice Motsepe-linked Sanlam opens three new offices in Togo
Motsepe owns a minority stake in Sanlam through his financial business Ubuntu-Botho Investments.
Botswana tycoon Ramachandran Ottapathu’s Choppies expects 174-percent surge in H2 earnings
Ottapathu and Farouk Ismail, who occupy key roles in the store, control a combined 44.5-percent interest in Choppies Enterprise.
Family offices — a new investment vehicle for Africa’s wealthy
Family offices provide a broad spectrum of private wealth management services to one or a small number of ultra-high-net-worth families.
Zimbabwean tycoon Zinona Koudounaris gains $14.5 million since start of 2022
Koudounaris, a multimillionaire serial investor and one of Zimbabwe’s richest men, owns a 20.9-percent stake in Axia Corp.
South Africa’s richest man Johann Rupert gains $400 million in 18 days
Rupert’s net worth is valued at $11.7 billion, making him the 179th richest man in the world and the second-wealthiest man in Africa.
Jailed Angolan tycoon Carlos Sao Vicente’s $900-million embezzlement trial begins in Luanda
Vicente was once a prominent figure in Angola’s oil industry.
South African tycoon Christo Wiese gains $48.8 million from stake in Africa’s largest retailer, Shoprite
The increase in the value of his stake can be attributed to sustained investor interest in the retail behemoth.
Patrice Motsepe, Johann Rupert-linked SEACOM to acquire Africell Uganda assets
The move by SEACOM represents a significant step forward in its five-year strategic expansion plans.
Is collaborative giving the future of impact on the continent?
One of the critical strategies that large donors in Africa use is collaboration.
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.