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Billionaire Motsepe’s African Rainbow Eyes Fintech Investments

Patrice Motsepe

Patrice Motsepe

Photographer: Patrick T. Fallon/Bloomberg

African Rainbow Capital Investments Ltd. is planning to expand its portfolio and has entered negotiations to add a fintech conglomerate to the group.

The firm, controlled by South African billionaire Patrice Motsepe through his Ubuntu-Botho Investments company, already owns branchless TymeBank and telecommunications business Rain, along with more diverse holdings spanning almost 50 companies.