South Africa’s Oppenheimer family to earn $990,552 in dividends from UK-based IDH
IDH is a leading healthcare provider with an operational footprint in the Middle East and Africa.
Southern Africa
South African billionaire Johann Rupert’s Sunshine Tour teams up with European Tour
The Sunshine Tour is a men’s professional golf tour based in Southern and East Africa.
With Maria Ramos at helm, AngloGold moves to buy out Canadian bullion miner Corvus Gold
The move will increase AngloGold’s precious metal reserves and build low-cost production.
Stake of South African senior executive Josua Malherbe in Remgro gains $1.51 million
Remgro is an investment holding founded by the South African Rupert family in the 1940s.
Namibian tycoon Quinton van Rooyen sees $166.45-million loss as Trustco shares lose half their value
The $167.92-million loss can be linked to a sell-off in the shares of the investment holding.
Nigerian billionaire Abdul Samad Rabiu has given $29 million so far in 2021. Here’s how.
Rabiu is the sixth wealthiest man in Africa and the founder of BUA Group.
Zimbabwean telecom mogul Strive Masiyiwa partners with Facebook to build African fiber bridge
The partnership will improve Internet access for more than 30 million people in Central Africa.
Stake of Zimbabwean mogul John Moxon gains $1.7 million as investors bid Meikles shares to all-time high
Meikles has seen its share price surge by 30 percent in 37 days.
Steve Curtis makes plans to list Caledonia Mining Corporation on Zimbabwe’s new Victoria Falls bourse
The move would see Caledonia reinforce its commitment to Zimbabwe, the home of its Blanket gold mine.
Jasper Hardenberg’s Daystar Power secures $20 million from IFC for expansion in Nigeria
The funding will help the power company expand its Nigeria operations.
DP World acquires Phumzile Langeni’s Imperial Logistics
The move significantly strengthens its presence on the African market.
Stake of Namibian financial services tycoon Koos Brandt in Capricorn Group gains $18.75 million
Earlier this year, shares in Capricorn fell sharply on the Namibian Stock Exchange.
Stake of Botswana tycoon Farouk Ismail in Choppies, Far Property now worth $38.74 million
The multimillionaire has played an influential role in the growth and development of Botswana’s real estate sector.
Equity stake of Babla family in Kenya Commercial Bank now worth $22.3 million
The family, who relocated to Kenya from Tanzania in 1936, is a leading investor in KCB Group.
Stephen Saad’s stake loses $29.31 million as Aspen shares retreat from two-year high
Shares in Aspen Pharmacare have been on a downward trend recently.
New AngloGold Ashanti CEO Alberto Calderon dispels gold merger rumors
Some was thought Sibanye-Stillwater, Gold Fields and AngloGold Ashanti could merge to create a global gold mining leader.