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.
Southern 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.
Sanctioned billionaire Kudakwashe Tagwirei allegedly made $24 million in corrupt deals off Zimbabwe
Over the years, the billionaire has used the wealth of an entire nation to build a vast business empire.
South Africa’s second richest man Nicky Oppenheimer earns $150 million in 16 days
The gains translate to an average profit of $9.375 million daily for the billionaire investor.
Market capitalization of Adonis Pouroulis’ Chariot is on the rise
Its market capitalization has gained $7.33 million after raising $16.5 million by issuing new ordinary shares.
Global lenders team up with Stephen Saad’s Aspen on $711-million COVID-19 vaccine deal
The consortium hopes to help Africa avoid continued hoarding of COVID-19 vaccines by developed countries.
Swazi billionaire Nathan Kirsch’s Skyscraper Tower 42 doubles in value
In December 2011, Kirsch Group paid £238 million to acquire the 42-story building and surrounding units.
South African real estate moguls Martin Slabbert and Victor Semionov see stakes gain $21.099 million
The gains can be attributed to the recent surge in the company’s shares back to pre-pandemic levels.