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Econet Wireless Zimbabwe Limited has wholly acquired TN Medical-owned by the group’s former chairman Tawanda Nyambirai for undisclosed amount. This comes as Econet last year took over [...]

Mauritian manufacturer of water tanks, cosmestics to list shrs by introduction on Nairobi Securities Exchange’s Growth Enterprise Market Segment, Chairman George Theobald tells reporters in [...]

Gujarat-based Alembic Pharmaceuticals Ltd has entered into a joint venture agreement which would see it picking 49 per cent stake in Adwiya Mami SARL Algeria, for an undisclosed amount, as per a [...]

The World Bank Group’s International Finance Corporation (IFC) and ARM Capital Partners have announced a joint USD9.5m equity in Nigerian Boulos Foods and Beverages Ltd. The IFC will contribute [...]

Bank of Africa Group’s Senegalese unit closed an initial public offering on the same day it opened as demand for the securities outstripped supply. “We received much more than we were expecting,” [...]

It is reported that Imperial Holdings will buy 70% of Imres BV, a Dutch wholesaler of medical supplies, for €46 million in cash to expand its pharmaceutical distribution in Africa, the transport [...]

Acquisition of 100% of Standard Bank Investment Management Services Ghana is in line w/ Liberty’s plans to increase investment, insurance business in Africa, Liberty says in e-mailed statement. * [...]

Kolkata-based tea plantation company McLeod Russel India Ltd has agreed to acquire 90 per cent equity stake in Rwanda-based tea plantation firm Pfunda Tea Company Ltd for $19.5 million [...]

This seems to be a hard year for insurance industry as local firms continue to be swallowed up by bigger, with latest being Cogear and Prime Life Insurance that have been acquired by Greenoaks [...]

CIEL Healthcare of Mauritius acquires 86.2m shrs in The Medical and Surgical Centre at 1.75 rupees/shr, raising its stake from 29.8%, according to e-mailed statement from Stock Exchange of [...]

Once profitable, Botswana Oil Limited will sell shares to the public, a development that will further broaden the participation of locals in the cutthroat industry. The process will be done [...]

ZAMPOST Microfinance Limited (ZMFL) is expected to issue a K100 million bond on the local bourse to enable the firm boost its support to the public. The bond is expected to be issued before the [...]

Tanzania expects mobile phone operators to list on its stock exchange next year under mandatory rules aimed at enabling its citizens to take a stake in one of Africa’s fastest growing [...]

Co.’s Irvines chicken-breeding unit acquires holding in Profeeds, giving Innscor “virtual monopoly” in animal feed market, state-owned Herald reports, citing unidentified co. officials and [...]