Investors could have ‘cashed-in big’ by purchasing shares in Strive Masiyiwa’s EcoCash
A $10,000 investment in EcoCash seven weeks ago is now worth $20,130.
Southern Africa
South African billionaire Nicky Oppenheimer’s net worth rises by $425 million in seven weeks
With a net worth of $8.38 billion, Oppenheimer is the 288th richest man in the world.
Led by Zimbabwean tycoon John Moxon, Meikles’ revenue surges by 131 percent in 9M 2022
Meikles is a Zimbabwean conglomerate with interests in hotel, retail, supermarkets, agricultural and financial services.
South African tycoon Adrian Gore’s Discovery partners with AIA to set up pan-Asian health insurance technology business
Gore’s 7.4-percent ownership interest in Discovery is worth R8.2 billion ($546.7 million).
Christo Wiese-linked retailer Steinhoff starts payouts under $1.62-billion settlement
The move comes nearly three weeks after it received approval from a Cape Town high court to pay the investors.
South African executive Alan Pullinger gains more than $1 million from stake in FirstRand
Pullinger holds a minority shareholding of about 0.1 percent in the group.
Billionaire Patrice Motsepe-linked Sanlam opens three new offices in Togo
Motsepe owns a minority stake in Sanlam through his financial business Ubuntu-Botho Investments.
Botswana tycoon Ramachandran Ottapathu’s Choppies expects 174-percent surge in H2 earnings
Ottapathu and Farouk Ismail, who occupy key roles in the store, control a combined 44.5-percent interest in Choppies Enterprise.
Family offices — a new investment vehicle for Africa’s wealthy
Family offices provide a broad spectrum of private wealth management services to one or a small number of ultra-high-net-worth families.
Zimbabwean tycoon Zinona Koudounaris gains $14.5 million since start of 2022
Koudounaris, a multimillionaire serial investor and one of Zimbabwe’s richest men, owns a 20.9-percent stake in Axia Corp.
South Africa’s richest man Johann Rupert gains $400 million in 18 days
Rupert’s net worth is valued at $11.7 billion, making him the 179th richest man in the world and the second-wealthiest man in Africa.
Jailed Angolan tycoon Carlos Sao Vicente’s $900-million embezzlement trial begins in Luanda
Vicente was once a prominent figure in Angola’s oil industry.
South African tycoon Christo Wiese gains $48.8 million from stake in Africa’s largest retailer, Shoprite
The increase in the value of his stake can be attributed to sustained investor interest in the retail behemoth.
Patrice Motsepe, Johann Rupert-linked SEACOM to acquire Africell Uganda assets
The move by SEACOM represents a significant step forward in its five-year strategic expansion plans.
Is collaborative giving the future of impact on the continent?
One of the critical strategies that large donors in Africa use is collaboration.
Swazi billionaire Natie Kirsh’s net worth increases by $320 million in two weeks
Kirsh is the 313th wealthiest man in the world and the fourth-richest man in Africa.