From Mauritius to Nigeria, 25 family businesses to look out for in Africa
Here is some key information about how they began and the value that they are adding to the continent.
Southern Africa
Chobe Holdings Deputy Chairman Jonathan Gibson loses $5.1 million in 123 days
The value loss in his equity stake in the business came off a double-digit decline in the group’s shares.
The 20 richest South Africans on the Johannesburg Stock Exchange
The bourse is Africa’s largest stock exchange and its most overvalued.
The six richest people on the Namibia Stock Exchange
Institutional investors continue to dominate the exchange
The 20 richest investors on the Botswana Stock Exchange
The Botswana Stock Exchange has just 31 equity listings and 49 bond listings.
The 20 richest investors on the Zimbabwe Stock Exchange
Investors on the Zimbabwe Stock Exchange have amassed staggering wealth since the start of the year
Namibian businessman Koos Brandt’s stake in Capricorn Group now worth $81.2 million
Capricorn Group is a Namibia-based investment holding focused on banking, insurance and finance.
South African senior executive Josua Malherbe earns $1.31 million in 152 days
The earnings come as Remgro Limited’s shares surge by double digits.
Former CEO Richard Brasher earns $2.45 million in compensation from Pick n Pay
Brasher retired in April of this year.
Gabriel Theron-led cannabis firm Cilo Cybin plans listing on Johannesburg Stock Exchange
The company plans to produce marijuana for sale to consumers globally.
Africa’s richest men see their net worth increase by $2.19 billion in 2021
The rise in their collective and individual wealth marks a recovery from a sharp decline last year.
Gem Diamonds CEO Clifford Elphick looks to sell troubled Ghagoo mine in Botswana to ‘godfather’ of Irish whiskey
The acquisition will be made through its Okwa JV with Vast Resources (VAST).
Zimbabwean senior executive Ralph Mupita earns $2-million compensation from MTN in 2020
Mupita became president and CEO in September 2020.
Junaid Wahedna launches Islamic fintech platform Wahed in South Africa
Wahed is an online ethical investment platform and the world’s first global robo-advisor.
Businessman Piet Mouton gains $125 million in 32 days as Capitec shares surge to all-time high
Capitec is South Africa’s largest lender by number of customers.
Patrice Motsepe-linked TymeBank launches new subsidiary in Philippines
The move comes after the bank received a digital banking license from the Philippines Central Bank.