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AXA announced today it has entered into an agreement to acquire 100% of Assur Africa Holdings2 (“AAH”) which holds a 77% stake3 in the composite insurance company Mansard Insurance plc [...]

SABMiller Plc, The Coca-Cola Company and Gutsche Family Investments (GFI) are combining their soft drinks bottling operations in South and East Africa to create a group with $2.9 billion in [...]

ADVTECH plans to buy the Maravest Group for R450m to add low-fee private schools around Johannesburg and Pretoria to its offering of independent education services. The transaction would be [...]

The Somalia Stock Exchange expects seven companies in the telecoms, financial services and transport sectors to list their shares when the bourse is set up in 2015, its founder said. [...]

U.S. private equity firm Carlyle Group LP (CG.O) has agreed to acquire a stake in South African tyre dealer Tiger Wheel & Tyre, according to a person familiar with matter, marking its first [...]

Leading agri-biotech company Maharashtra Hybrid Seeds Company (Mahyco) today said it has acquired 60 per  cent interest in a Zimbabwe-based seed firm, Quton Seed Company,  for an undisclosed sum. [...]

Carlyle (CG) Group LP invested $147 million in Lagos-based Diamond Bank Plc (DIAMONDB) as it seeks to expand in Africa’s largest economy. Carlyle, the world’s second-largest manager of investment [...]

Steinhoff International Holdings Ltd. (SHF) agreed to buy Africa’s largest retailer Pepkor Holdings Pty Ltd. for 62.8 billion rand ($5.7 billion) to expand the company’s presence in Africa. The [...]

Electrical, instrumentation and control engineering firm Proconics has concluded a deal that will see private equity newcomer Dlondlobala Capital taking up a 26% stake in the 19-year-old company. [...]

Casablanca-based Saham Finances, which controls Morocco’s fourth biggest insurer by premiums, bought 40% percent in Unitrust Insurance Co., Moroccan co. says in emailed statement, without giving [...]

Government has approved the takeover of the Ghana National Gas Company by the Ghana National Petroleum Corporation (GNPC). Finance Minister Seth Terkper announced this when he presented [...]

French dairy producer Lactalis International has offered to acquire Egypt’s Arab Dairy for EGP 66 per share, topping an offer from two other potential buyers including Saudi Arabia’s [...]

Financial Technologies (India) Ltd (FTIL)  today said it has signed a pact to sell its Mauritius-based  exchange for USD 40.5 million (about Rs 250 crore) to  Continental Africa Holdings Ltd. [...]

Nigerian carrier, Mid-View Airlines, plans to seek listing on the floor of The Nigerian Stock Exchange (NSE). This advance was announced by Alhaji Muneer Bankole, the Managing Director and Chief [...]