DafriGroup PLC
DafriGroup PLC is a multinational public company based in South Africa with subsidiaries in Nigeria, Botswana, and the United Kingdom. The company has an interest in Technology, Finance, Hospitality, Real estate, Blockchain, and Media.[1]
History[edit]
DafriGroup PLC was founded in 2019 by billionaire entrepreneur Xolane Ndhlovu. It holds an unrestricted operating license in South Africa under the Public Companies Act 71 of 2008. The company, which is renowned for its commitment to providing Afrocentric solutions to new age challenges, has a track record of investing in sectors that provide strong long-term returns and have the ability to move Africa’s economy forward.[2] In 2020, DafriGroup merged with UMEH; an investment firm worth R500 million at that time.[3]
Subsidiary Companies[edit]
DafriGroup PLC has a string of companies under it which spans across different industries. Each of the subsidiaries is independent of the parent company with a clearly defined leadership board.[4]
- UMEH Group
- DafriTechnologies
- DafriBank Digital
- DafriXchange
- DBA Currency
- DafriAir
- OMAHA Hotels
- Royal IVY
- DafriPay
- DafriEstate
Leadership[edit]
Xolane Ndhlovu is the Chairman of DafriGroup PLC. Catherine Anajemba holds the Group Managing Director position while Edward Obasi serves in the Managing Executive structure.[5]
Corporate Responsibility[edit]
DafriGroup PLC is oblivious of the fact that a peaceful society is needed for a prosperous business. This has made them prioritize giving back to the community both financially and in utterances. The Chairman of the group, Xolane Ndhlovu, has been known to advocate for peace from indigenes and immigrants of countries where the companies are based.[6][7]
The company started a 100million naira educational support fund for school children in Nigeria to help students struggling financially access quality education.[8]
References[edit]
- ↑ "DafriGroup - Crunchbase Investor Profile & Investments". Crunchbase Inc. Retrieved June 26, 2021.
- ↑ "DafriGroup PLC - About". DafriGroup PLC Official Website. Retrieved June 26, 2021.
- ↑ "UMEH Group Limited Completes Merger with DafriGroup PLC". Daily Afrika. Retrieved June 28, 2021.
- ↑ "DafriGroup PLC Raises the Bar with 3 Innovative Projects". Medium. February 24, 2021.
- ↑ "DafriGroup Leadership". DafriGroup PLC Official Website. Retrieved June 26, 2021.
- ↑ "Media Mogul Charts Path To Peaceful Life In South Africa". Independent Newspaper Nigeria. July 25, 2019.
- ↑ "South African businessman urges immigrants against illegal acts". Guardian Newspapers. July 26, 2019.
- ↑ "Nigerian in South Africa launches N100 million children's education support fund in Anambra". The Sun Nigeria. September 13, 2020.
