Zimbabwean businessman Paddy Zhanda sells shares in Masimba Holdings worth $572,320
Masimba Holdings is a well-established group in Zimbabwe, providing engineering and infrastructure solutions.
Southern Africa
Pharma tycoon Stephen Saad’s Aspen sells six product lines to Swiss pharmaceutical company
Aspen is a multinational holding for pharmaceutical interests and the largest drug company in Africa.
Led by affluent Ackerman family, Pick n Pay posts $20 million in half-year profit as headline earnings surge
However, the retailer’s financial performance was materially impacted by civil unrest in South Africa.
Stephen Brookes’ Balwin Properties posts $8.1 million in mid-year profit as apartment sales recover in South Africa
The South Africa-based property developer delivered double-digit growth in earnings.
Namibian tycoon Koos Brandt to pocket $2.48 million in dividends from Capricorn Group
Capricorn Group is a financial services group with an operational footprint in Botswana and Zambia.
South African billionaire Oppenheimer family sets out to mine Asian economy
Their family office, Oppenheimer Generations, has opened an office in Singapore.
Strive Masiyiwa’s Liquid launches Asian-U.S. global Internet transit route through African coasts
In doing so, it has created a global Internet transit route that avoids high-risk bottlenecks in the Middle East and Europe.
Johann Rupert’s luxury goods producer Richemont in talks to offload loss-making YNAP
In addition to selling YNAP, Rupert is also considering a capital raise of $100 million to bolster its operations.
Strive Masiyiwa’s Econet Zimbabwe records increase in carbon emissions as power cut looms
Econet Wireless is an entrepreneurial technology group and the biggest telecom operator in Zimbabwe.
Zimbabwean billionaire Strive Masiyiwa’s Cassava Smartech posts $2.73-million loss in 2021
The tech company leverages digital and financial technologies to build shared economies.
The top 10 African women in government you should know
Gender parity in government has traditionally been a major challenge in African politics.
Jack Bowles’ British American Tobacco commits to net-zero carbon emission by 2050
This will bring its sustainability targets in line with limiting global warming to 1.5C.
How sanctioned Zimbabwean billionaire Kudakwashe Tagwirei keeps earning incredible cash
They call him “Queen Bee” because of his sprawling business empire.
French billionaire Vincent Bollore considers selling African assets
According to the French newspaper Le Monde, Morgan Stanley has been engaged to search for potential buyers.
Botswana real estate mogul Gulaam Abdoola loses $5 million in nearly 10 months as Turnstar shares decline by double digits
Turnstar is a property loan stock company headquartered in Gaborone, the capital city of Botswana.
Neal Froneman’s Sibanye-Stillwater moves to implement responsible Gold Mining Principles
The World Gold Council created the principles to address critical environmental, social and governance issues.