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Emirates Telecommunications Corp., the United Arab Emirates’ largest phone company by market value, is exploring a sale of Tanzanian unit Zanzibar Telecom Ltd., according to people with knowledge [...]

Co. to offer 1b shrs at subscription price of 10c/shr in ratio of 503.9867 rights offer shrs/every 100 held. * Proceeds to be be used to recapitalize co., finance working capital, capex [...]

Deal expected to conclude Nov. w/ approval of Nigerian authorities, Akin Laoye, FTN exec director, said in intv. yday. * Partnership to give FTN greater access to intl markets. High costs of [...]

Shogun Holdings & Finanz, a Swiss investment company, bought a majority stake in a group of South African pharmacies banding together to win better prices from suppliers and challenge larger [...]

Mauritius’ Sun Resorts will pay 926.4 million rupees ($29.64 million) for a 50 percent stake in Anahita Hotel Ltd., a luxury resort along the east coast of the Indian Ocean island. Tourism [...]

The Board of directors of Transcorp Hotels Plc (“THP”), formerly Transnational Hotels and Tourism Services Limited, has given approval to the company’s plans to conduct an [...]

A Nigerian company, Interswitch Transnational Holding, has acquired a majority stake in Paynet Kenya which owns the Pesa Point network of ATMs. Interswitch provides electronic payment and [...]

Pharmaceutical company Starwin Products Limited is determined to raise GH¢ 10 million through an Initial Public Offering (IPO), a strategy aimed mainly at expanding the company’s low capital base [...]

Prudential Plc, the U.K.’s biggest insurer by market value, agreed to buy Kenyan life insurer Shield Assurance Co., its second acquisition in Africa. Prudential plans to invest 1.5 billion Kenyan [...]

Initial public offering for 44% stake in state-controlled Botswana Telecommunications Corp. to be held Nov. 7, Transport and Communications Minister Nonofo Molefhi tells reporters. * Govt plans [...]

State-controlled lender Credit Immobilier et Hotelier buys 10% of insurer Atlanta for 68 dirhams/shr, Leconomiste.com reports. * Bank buys stake from Rabat-based Caisse de Depot et de Gestion; * [...]

Tullett Prebon Plc, a London-based inter-dealer broker, started a joint-venture with Nigeria’s Parthian Partners Ltd., to expand in Africa’s largest economy. “This is a crucial deal for us and is [...]

Thembeka to transfer interests in Pioneer Food, Kaap Agri plus Curro Holdings lock-in empowerment shrs to a new black-owned, controlled co. * Shareholding to ultimately be held by Stellenbosch [...]

Central Africa fund manager XSML have announced a new DRC investment, this time in Hydrotek SARL, incorporated in Lubumbashi in 2012. The company sells pipes, pumps, valves, and provides [...]