Patrice Motsepe-backed South African stock exchange company expects to break even in 2023
The value of stocks and funds on A2X Market more than doubled to $336 billion in the past 12 months.
Southern Africa
Bob van Dijk’s Naspers-Prosus cross-deal boosts volume of M&A transactions in Sub-Saharan Africa
The value of M&A transactions in 2021 is over four times the amount recorded in the same period last year.
Christo Wiese’s Invicta Holdings acquires controlling stake in Dartcom for $33 million
Dartcom is Africa’s leading distributor of communication and renewable energy technology solutions.
South African businessman Hendrik Jordaan’s 1K1V acquires $13.5-million stake in DigiCo
DiGiCo is an investment holding providing integrated technology services to the telecom sector.
Google CEO Sundar Pichai announces plans to invest $50 million in African startups
He made the announcement while speaking at a virtual event on Oct. 7.
Billionaire Patrice Motsepe’s Sanlam finalizes deal to create massive South African money manager
The company’s merger with Absa Investments will result in one of the country’s largest Black-owned asset managers.
Former Steinhoff International CEO Markus Jooste gains $7.4 million in three months
Steinhoff is a South African-German-Dutch global retail holding dual-listed in Germany and South Africa.
Christopher Pucillo-linked Avanti Communications looks to boost connectivity in rural Sub-Saharan Africa
Its new managed satellite service provides 2G, 3G and 4G services to remote areas.
Patrice Motsepe’s TymeBank partners with The Foschini Group, eyes 26 million South African customers
The partnership is part of the bank’s strategy to collaborate with retailers.
Runa Alam’s DPI closes African Development Partners III Fund at $900 million, exceeding $800-million benchmark
The fundraising establishes ADP III as one of the largest funds dedicated to investing global capital in Africa.
Sun Exchange secures $2.5 million from Patrice Motsepe-backed Africa Renewable Power Fund
This latest fund follows an earlier $4-million Series-A funding round in 2020.
Zimbabwe suspends billionaire Strive Masiyiwa’s Cassava Smartech from trading on local bourse
The company was suspended from trading after failing to publish its most recent financial statements.
Billionaire Patrice Motsepe’s ARC Fund commits $13.2 million for Elandsfontein phosphate project
The loan will be used to enhance what could become South Africa’s second-largest source of phosphate rock.
Telecom billionaire Strive Masiyiwa launches fifth mega-data center in South Africa
His company, Liquid Intelligent Technologies, aims to build at least 10 data centers in Africa’s largest cities.
Zambian multimillionaire mogul James Ndambo ventures into business aviation
Ndambo joins a long list of African UHNWIs investing in the private jet business.
Investors could have ‘cashed in big’ by purchasing shares in Strive Masyiwa’s Econet in early 2021
Zimbabwean billionaire Strive Masiyiwa’s telecom outfit is a top-performing company in 2021.