South African billionaire Oppenheimer family sets out to mine Asian economy
Their family office, Oppenheimer Generations, has opened an office in Singapore.
Southern Africa
Strive Masiyiwa’s Liquid launches Asian-U.S. global Internet transit route through African coasts
In doing so, it has created a global Internet transit route that avoids high-risk bottlenecks in the Middle East and Europe.
Johann Rupert’s luxury goods producer Richemont in talks to offload loss-making YNAP
In addition to selling YNAP, Rupert is also considering a capital raise of $100 million to bolster its operations.
Strive Masiyiwa’s Econet Zimbabwe records increase in carbon emissions as power cut looms
Econet Wireless is an entrepreneurial technology group and the biggest telecom operator in Zimbabwe.
Zimbabwean billionaire Strive Masiyiwa’s Cassava Smartech posts $2.73-million loss in 2021
The tech company leverages digital and financial technologies to build shared economies.
The top 10 African women in government you should know
Gender parity in government has traditionally been a major challenge in African politics.
Jack Bowles’ British American Tobacco commits to net-zero carbon emission by 2050
This will bring its sustainability targets in line with limiting global warming to 1.5C.
How sanctioned Zimbabwean billionaire Kudakwashe Tagwirei keeps earning incredible cash
They call him “Queen Bee” because of his sprawling business empire.
French billionaire Vincent Bollore considers selling African assets
According to the French newspaper Le Monde, Morgan Stanley has been engaged to search for potential buyers.
Botswana real estate mogul Gulaam Abdoola loses $5 million in nearly 10 months as Turnstar shares decline by double digits
Turnstar is a property loan stock company headquartered in Gaborone, the capital city of Botswana.
Neal Froneman’s Sibanye-Stillwater moves to implement responsible Gold Mining Principles
The World Gold Council created the principles to address critical environmental, social and governance issues.
Zak Calisto’s Karooooo posts $15.71 million in profit in H1 2022, 12-percent lower than previous year’s figures
Karooooo is an SaaS platform that provides real-time data analytics solutions for smart transportation.
Vuyo Ntoi-led AIIM secures $370 million in capital to boost access to clean energy
The capital raise exceeded the investment manager’s initial $301-million target by 20 percent.
Coca-Cola Co. eyes $8.1-billion valuation in Philipp Gutsche-led Coca-Cola Beverages Africa 2022 IPO
Although talks are still ongoing, investor appetite and market conditions will determine the final timing and size of the listing.
South Africa’s wealthiest man Johann Rupert gains $510 million in 14 days after $270-million loss in September
Rupert’s net worth since the start of October has risen from $9.07 billion to $9.58 billion.
Gold production update from Blanket Mine boosts stock of Steve Curtis’ Caledonia Mining Corporation
The uptick in the company’s stock rode on the news of gold production from the Blanket Mine in Zimbabwe.