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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’.

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’.

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.

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.

September 8, 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.

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.

May 27, 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’.

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?

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.

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.

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.

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.

March 2, 2018

Billionaires are growing in numbers and many want philanthropic advice, but public trust in charities has dropped and challenges remain in getting donations to where funds are most needed.

Billionaires are growing in numbers and many want philanthropic advice, but public trust in charities has dropped and challenges remain in getting donations to where funds are most needed.

These were among the international perspectives and trends in philanthropy discussed at the first Philanthropy Programme event for 2018, organised by Philanthropy Impact and the STEP Society.

August 4, 2016

Heineken share prices have dropped after the Dutch family brewer reported a 4.9% slowdown in global growth over the first six months of 2016 compared to last year.

Heineken share prices have dropped after the Dutch family brewer reported a 4.9% slowdown in global growth over the first six months of 2016 compared to last year.

The world’s third largest brewery announced this week that growth in beer volume in Asia Pacific at 16%, Europe at 2.4% and the Americas at 1.6% offset a marked 5.9% drop in growth in Africa, the Middle East, and Eastern Europe.

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