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Abraaj Group Buys Stake in Algerian Logistics Company La Flèche Bleue Algérienne

Abraaj acquires stake in La Flèche Bleue Algérienne, a co. specializing in transportation and logistics services, Dubai-based Abraaj says in e-mailed statement. * La Flèche Bleue Algérienne based [...]

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Chinese Investor Buys 51% of South Africa’s Swartland Winery

William Wu buys stake for undisclosed amount, according to e-mailed statement from Swartland, based in Malmesbury, near Cape Town. * Winery processes 25,000mt of mostly red grapes/yr; supplies [...]

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Zambia – Kukula Capital invests K5.8m in Betternow Finance

KUKULA Capital has invested K5.8 million in Betternow Finance Company Limited (BFC), a  company which focuses on working capital loans for small and medium entrepreneurs. Kukula Capital, which is [...]

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DOB Equity acquires stake in Ugandan grain vendor

Private equity firm DOB Equity has bought a stake in Joseph Initiative, a Ugandan grain seller, for an undisclosed amount. DOB, with offices in Nairobi and Netherlands, said a non-disclosure [...]

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Professional Insurance to list on Lusaka Stock Exchange

PROFESSIONAL Insurance Corporation Zambia Limited (PICZ) Plc has quoted to list on the Lusaka Stock Exchange (LuSE) to draw more partners’ local and international communities. This entails that [...]

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Centum buys majority stake in bottling firm

Investment firm Centum is set to invest over Sh100 million to acquire an extra three per cent stake in Almasi Beverages, a transaction that will give it control of the Coca-Cola bottlers holding [...]

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Wirecard Acquires S.African Payment Co. Amara for EU29m Cash

Amara Group provides payment processing services for African financial services cos. including Mercantile Bank, Nedbank and Citi Bank. * Wirecard will pay EU29m cash, plus up to ~EU7m earn outs; [...]

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DPI acquires stake in southern Africa home shopping retailer

Private equity firm DPI has acquired a strategic minority stake HomeChoice International (HomeChoice), a leading omni-channel home shopping retailer in southern Africa, from the the company’s [...]

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ADvTECH Acquires Gaborone International School

ADvTECH has acquired Gaborone International School (GIS) in Botswana for BWP 70m (R84m). This is ADvTECH’s first acquisition outside of South Africa and is in line with the Group’s growth [...]