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Africa

Bill Campbell: The great gift of philanthropy

May 22, 2023

The renowned businessman and chair of The End Fund describes how philanthropy opened his mind and heart and drove him and his family to help create significant change.

Throughout a long and distinguished business and investing career, William I. Campbell has lent his comprehensive business experience to a diverse group of major public companies – serving as chairman of Visa International, chief executive officer (CEO) of Citigroup’s Global Consumer Business and senior advisor to the chairman and CEO of JPMorgan Chase, to name just a few.

Why the white-hot VC market is nothing like the dot com-era boom and bust

May 5, 2022

A global surge in start-up funding has prompted some commentators to draw comparisons with the dotcom boom and bust at the turn of this century. A cursory glance at the numbers does hint at some parallels says private markets investment platform Titanbay.

FB Roundup: Daily Mail and General Trust, Heineken, LVMH

December 18, 2021

Rothermere wins bid to take back Daily Mail, Heineken’s African push with $4.5 billion merger, LVMH takes Thelios inhouse in share buyout.

Rothermere wins bid to take back Daily Mail

The $1.1 billion publisher of Britain’s bestselling newspaper is back in Rothermere family hands after 90 years as a publicly listed company.

However, the slimmed down Daily Mail and General Trust (DMGT) faces a cost-cutting editorial management shake-up, amid ailing publishing sales and advertising.

One family office’s approach to conservation finance in Africa

December 16, 2021

Kathaka is a single-family office deploying capital and strategic resources into investment and philanthropic endeavours, but Caroline Rupert, its founder and chairwoman, says the name has a deeper meaning—Kathaka in Sanskrit means, ‘One who tells a story’.

10 family offices owned by Africa’s wealthiest people

October 1, 2021

The population of ultra-high net worth individuals in Africa is growing at a faster pace than any other region in the world, except Asia. According to the 2021 Knight Frank Wealth Report, Africa is expected to see a five-year ultra-wealth growth rate of 33% to reach close to 4,400 individuals by 2026. A lot of that wealth will be created by entrepreneurs.

From Mauritius to Nigeria, 25 family businesses to look out for in Africa

September 9, 2021

Family businesses play a critical role internationally and in the context of African economies. However, due to a lack of reliable data their significance and contributions are not fully appreciated or understood. One thing is clear, however—family-owned businesses are the backbone of the African economy.

Water scarcity: The other liquidity crisis

May 28, 2021

Water, in many ways, is a proxy for life itself. Civilisations have sprung from fertile river valleys and along the trading routes of the seas. For NASA, when searching for extra-terrestrial life, the guiding principle has been to ‘follow the water’.

What is water scarcity?

FB Roundup: Heineken, Fininvest, Nathan Cummings Foundation

May 24, 2021

Heineken brews acquisition of South Africa’s Distell Group, Berlusconi family's Fininvest exits Mediobanca, Nathan Cummings Foundation calls for racial equality in impact investing.

Heineken brews acquisition of South Africa’s Distell Group

Family-owned Heineken, the world’s second-largest brewer, could buy a majority share of a unique $1.8 billion South African wine and spirits company, making the deal its second acquisition in 2021.

The fourth-generation Dutch beer maker confirmed last week it is in talks with Distell Group Holdings over a “potential transaction”. The $23.7 billion brewer added discussions were ongoing and there was no certainty an agreement would be reached.

Family of Mohammed Dewji offer $437,000 reward after abduction

October 15, 2018

The family of Africa’s youngest billionaire, Mohammed Dewji, who was kidnapped last week outside a luxury hotel in Tanzania’s capital city, have offered a reward for any information on his whereabouts.

On Thursday, Mohammed “Mo” Dewji, the 43-year-old owner and president of multi-billion dollar family business MeTL Group, was bundled into a car by armed men waiting outside the Colosseum Hotel Oyster Bay as he arrived for a routine morning workout.

FB Roundup: Subway, CIR Group & Tata Sons

May 4, 2018

Sister of Subway founder retires after 45 years, Monica Mondardini steps away from GEDI, Tata and John Deere lease to subsistence farmers

Sister of Subway founder retires after 45 years

Suzanne Greco, the sister of Subway founder Fred DeLuca, has retired as chief executive after more than 45 years with the business.

Greco started with the company as a “sandwich artist” in 1973, and worked her way up the ranks, becoming chief executive in 2015 when her older brother died of cancer.