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.
Southern Africa
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.
Zimbabwe’s wealthy Rudland family moves to take over Tongaat Hulett sugar producer
An entity controlled by the Rudlands entered into an agreement with Tongaat Hulett, committing to partially underwrite a rights offer.
South African billionaire and Capitec Bank Founder Michiel Le Roux gains $359.61 million in 2021
Le Roux is the founder of Capitec Bank, one of South Africa’s largest retail banks.
Ralph Mupita-led MTN Group agrees to sell South Africa towers to Sam Darwish’s IHS for $411.8 million
IHS Towers is a Nigeria-based telecom infrastructure firm founded by U.S. telecom tycoon Sam Darwish.
Namibian businessman Sven Thieme-led O&L Group sells majority stake in NBLIH to Heineken
NBLIH holds a 59.4-percent controlling stake in Namibia Breweries Limited.
Pieter Engelbrecht-led Shoprite Holdings reports 9.3-percent rise in sales in Q1 2022
Earlier, the group’s core business, Supermarkets RSA, reported an 11.6-percent increase in sales in Q1 2021.
Amid operating difficulties, Shameel Joosub-led Vodacom Group reports decline in profit in H1 2021
Vodacom Group is a South African telecom company, providing voice, messaging, data and converged services.
Heineken moves to acquire Johann Rupert-linked spirit maker, Distell Group, in deal worth $2.52 billion
In addition to acquiring Distell, Heineken will acquire Namibia Breweries and Ohlthaver & List.