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Econet acquires TN Medical

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 [...]

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Flame Tree Group Plans to List on Kenyan Exchange Nov. 6

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 [...]

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Alembic Pharma buying 49% stake in Algerian drugmaker Adwiya Mami

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 [...]

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ARM Capital Partners and IFC Announce Co-Investment in Nigerian Food Manufacturer

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 [...]

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Bank of Africa Senegal Closes IPO Offer as Demand Exceeds Supply

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,” [...]

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South Africa’s Imperial Holdings acquired a €46 million stake in Imres BV

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 [...]

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Liberty Unit Stanlib Asset Management Acquires SIMS in Ghana

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. * [...]

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McLeod Russel to buy 90% stake in Rwanda’s Pfunda Tea Co for $19.5M

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 [...]

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Rwanda – UK-based insurance venture firm acquires stake in Cogear, Prime Insurance

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 [...]

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CIEL Healthcare Raises Stake in Medical & Surgical to 44.9%

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 [...]

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Botswana Oil to float shares

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 [...]

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Zampost to raise funds on LuSE

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 [...]

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Tanzania eyes telecoms listings in early 2015

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 [...]

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Zimbabwe’s Innscor Purchases 59% Profeeds Stake

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 [...]

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