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.
Southern Africa
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.
Zimbabwean tycoon John Moxon earns nearly $2 million in less than two months from Meikles Limited
Meikles is a Zimbabwe-based conglomerate engaged in agriculture, hotels and retail trading.
Andries van Rensburg’s Libstar Holdings gains $14.6 million in two weeks despite 27.8-percent reduction in half-year earnings
Libstar is a South Africa-based company co-founded by Andries van Rensburg and Robin Smith in 2005.
Billionaires.Africa forms partnership with The Royal Office of His Highness Sheikh Ahmed Bin Faisal Al-Qassimi
We are pleased to announce our official partnership with The Royal Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi.
South African retail tycoon Christo Wiese to earn $15.1 million as Shoprite declares final dividend for 2021
Shoprite will pay shareholders a final dividend of $141.1 million from its profit for the 2021 financial year.
Gerrit Ferreira’s Rand Merchant Investment moves to unbundle stakes in major insurers
The move is aimed at enabling it to narrow a discount between its share price and the book value.
The 10 most distinguished African women on the international arena
For centuries, people of color — primarily Black Africans — have been marginalized on the world stage.
South African billionaire Nicky Oppenheimer’s net worth increases by $750 million in 2021
This translates to an average gain of $2.9 million per day for the billionaire since Jan. 1.
U.S. retail tycoon Rob Walton commits $100 million to Johannesburg’s African Parks
Rob is the first son of Helen and Sam Walton, founders of Walmart Inc., America’s largest retailer.
Zimbabwean businessman Kudakwashe Tagwirei lavishes wealth on local football clubs
Tagwirei has donated millions of dollars to the Dynamos Harare and Highlanders football clubs.
Nine yachts Africa’s wealthiest people have owned
If you had all the money in the world, what type of yacht would you buy?