Stake of Zimbabwean telecom mogul Strive Masiyiwa in Econet surges by $62.34 million so far this year
Econet Wireless Zimbabwe’s share price has risen by 187 percent since January.
Southern Africa
Africrypt founders, South African Cajee brothers go missing with $3.6 billion in cryptocurrency
The brothers disappeared shortly after they announced a breach in company operations in April.
Botswana real estate tycoon Gulaam Abdoola’s stake in Turnstar declines by $3.67 million
The massive drop can be linked to the decline of the company’s share price on the Botswana Stock Exchange.
Stake of South Africa’s Ackerman family in Pick ‘n Pay drops by $52.20 million
A sell-down in Pick ‘n Pay shares triggered a $200.14-million loss for the company on the Johannesburg Stock Exchange.
Aliko Dangote’s cement giant issues $122-million Series-1 fixed rate senior unsecured bonds
The issuance is the first made under its new $731-million (N300 billion) multi-instrument issuance program
Botswana retail tycoon Farouk Ismail’s stake in Choppies declines by $1 million
Choppies’ share price on the Botswana Stock Exchange has lost 9 percent of its value since the start of June.
South African billionaire Patrice Motsepe’s Alexander Forbes Group hunts for new deals
The company is on the hunt for new acquisitions in a bid to build out its employee benefits offering.
Strive Masiyiwa leads team to unlock $3 billion in financing for COVID-19 vaccines
The financing will be derived from a partnership between the World Bank and African Export-Import Bank.
Africa’s fourth richest billionaire Mike Adenuga to pocket $1.88 million in Conoil dividends
Conoil has been a leading petroleum marketer in Nigeria since the proliferation of cars in the 1920s.
Neal Froneman’s Sibanye-Stillwater buys back $603.12 million in shares
CEO Neal Froneman said the move demonstrates that the company will not waste money on mergers and acquisitions.
South African billionaire Christo Wiese’s stake in Shoprite declines by $36 million
The loss in market value is linked to Shoprite’s share price dropping on the Johannesburg Stock Exchange.
Gidon Novick-linked Global Airway acquires controlling stake in debt-ridden South Africa Airways
Global Airways and Harith General Partners will acquire a 51-percent stake in South African Airways.
South African cable behemoth offers $281.5 million for stake in Adekunle Adeniji’s BetKing
The offer came after Multichoice’s board granted approval to increase its stake in the sports betting company.
Tycoon Joseph Siaw Agyepong’s Zoomlion Ghana unveils 126 waste management trucks in Ghana
The trucks will be used to cart waste to landfills and waste management facilities.
Hyundai South Africa CEO Niall Lynch’s stake in Motus Holdings gains $29.3 million
Motus Holdings is South Africa’s exclusive importer and distributor of Hyundai and Mitsubishi automobiles.
Zimbabwean star financier Andrew Chimphondah inks affordable housing deal with BancABC
Chimphondah’s Shelter Afrique focuses exclusively on supporting affordable housing in Africa.