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The African Agriculture Fund (AAF), managed by Phatisa, has invested in General Plastics Limited (GPL), a leading manufacturer of packaging products servicing well-known brands mainly in the [...]

Brainworks offers to buy closely held Empowerment Corp’s stake, Empowerment Corp. says in statement handed to reporters in capital, Harare. * Shareholder to vote on offer at EGM on Feb. 20; * [...]

Old Mutual buys 37.3% of UAP, increasing stake to 60.7%; consideration ~$155.5m, to be paid in cash. * Transaction expected to close during 2015; subject to various regulatory approvals; * Old [...]

Founder Brian Altriche to remain CEO, deal to come into effect by March, Spur says in e-mailed statement. * RocoMamas has 4 restaurants in Johannesburg area; another 3 planned for 2015. Source: [...]

Ethos Private Equity Ltd. bought a controlling stake in South African closely held automotive-parts retailer AutoZone, the fourth investment through its 7.9 billion-rand ($682 million) Fund VI. [...]

TLG Capital, private equity firm focused on Sub-Saharan Africa, has entered into a $25 million deal with GetBucks Ltd to support the latter’s expansion in new territories and deliver services to [...]

Closely held Wilko Corp., based in Bahamas, is already majority shareholder in Avon Crowncaps, according to statement published on Nigerian Stock Exchange’s website. * Proposed deal to result in [...]

IVM Intersurer has taken a 51% share in The Metropolitan Insurance Company, which has the fourth-largest market share in West African state. IVM Intersurer, which owns a significant stake in [...]

The much-maligned South African venture capital (VC) industry has received a welcome boost in the arm that a local tech player has been acquired by a NASDAQ-listed company. On Wednesday night it [...]

Co. to pay for stake in East, Central African financial services co. in cash; to be funded from existing resources. * Investment complementary fit to existing Kenyan businesses: Old Mutual [...]

The first $1bn-plus Africa-focused private equity fund has been raised by Helios Investment Partners, a London-based group founded almost a decade ago by a pair of Nigerian-born dealmakers. The [...]

Godrej Consumer Products is acquiring 100% stake in South Africa based hair extensions company, Frika Hair (Pty) Limited for an undisclosed amount. The acquisition of the R40 Cr turnover company [...]

British American-Investments completed purchase of 57.3m shrs owned by Equity Group Holdings in Housing Finance Co., British American, Equity Group said in notice published in Kenya’s Daily [...]