African family business

On a silver platter

July 17, 2015

Africa is set to become a powerhouse of luxury goods and fashion, now that the global narrative on its social and economic wellbeing is beginning to change. Michael Finnigan reports on one Zimbabwean family business looking to capitalise on the growing interest in the continent

Family-backed equity firm invests in African raisins

February 5, 2015

One Thousand & One Voices, a private equity firm founded by brewing next-gen John Coors, has taken its first step towards a planned $300 million (€261 million) investment in Africa by backing a local agriculture business.

The 70-million South African rand (€5.3 million) investment in RedSun Dried Fruit & Nuts, one of the country’s largest raisin producers, will be used to develop processing facilities and to double its workforce.

Family Business Roundup: Samsung, Gutsche, and Dalian Wanda

November 27, 2014

Samsung announced $2 billion share buyback scheme; African family business secures stake in new Coca-Cola operation; and Dalian Wanda seek approval for $6 billion IPO.

Samsung announced $2 billion share buyback scheme

Family-owned chaebol Samsung has announced a $2 billion share buyback plan following calls from investors to improve returns.

The largest smartphone maker in the world said it would buy back 1.65 million common shares and 250,000 preferred shares – the second-largest buyback in the firm’s history, according to Reuters.

Africa's billionaire boom

October 8, 2013

Africa is home to more than triple the number of billionaires than previously thought, according to a new rich list produced by a local business publication, putting it on par with Latin America in terms of its billionaire population.