Hariss International Limited

South Africa’s Nicky & Oppenheimer family, Africa’s third richest billionaires, have through one of their investment vehicles, Oppenheimer Partners, made a majority acquisition of Uganda’s Hariss International, makers of the famous Riham brands. Details of the deal are still under wraps but some sources say, Oppenheimer Partners acquired up to 75% shareholding in the Kawempe-based company, at an undisclosed fee.  But according to a statement on the Oppenheimer Partners website, the acquisition is part of their FMCG investment strategy, arguing that FMCGs stood to benefit from the changing socio-economic, demographic and growth dynamics across Africa.  “We, as majority shareholders, have…