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Equity Group Holdings Ltd., Kenya’s second-largest bank by market value, will buy a Congolese lender in its first acquisition outside the East African market as it seeks to triple the number of [...]

Scandinavian-backed private equity investment company, SPEAR Capital (Pty) Ltd (“SPEAR”), acquired 27% of Zimbabwe’s second largest dairy producer, Dendairy. The deal, which was a combined [...]

China’s Zijin Mining will buy a 49.5% stake in Kamoa Holding Limited, a subsidiary of Ivanhoe Mines that presently owns 95% of the Kamoa copper project in the Democratic Republic of Congo, [...]

Oxford Economics bought a majority stake in South African research company NKC Independent Economists. The U.K-based research group acquired 51 percent of NKC on May 13, Managing Director Noelani [...]

World Bank’s private lending arm to acquire stake in Zep-Re in 1.9b-shilling deal, Nairobi-based Business Daily newspaper reports, citing disclosure document. * Kenya Re, which currently owns [...]

Nairobi-based Fanisi Capital have acquired a ‘significant minority stake’ in outdoor advertising firm Live Ad Limited for an undisclosed amount. The investment was made through Fanisi’s first [...]

Advanced Finance and Investment Group (“AFIG Funds”), manager of the Atlantic Coast Regional Fund (“ACRF”) is pleased to announce that it has completed an investment in Primrose Properties Ghana [...]

According to Telegeography, Globacom, a Nigerian mobile telecoms operator owned by Adenuga, is lodging a $600 million takeover bid for Comium Cote d’Ivoire, a company that has been grappling with [...]

BLUE Financial Services yesterday announced the sale of Blue Assurance Services (Zambia) to Regent Life Botswana Limited to help the group divest from non-core investments. The company said that [...]

Libya Holdings Group (LHG), an investment company focused on growth opportunities in the Libyan market, is to acquire a majority stake in Libyan Cement Company (LCC) through a special purpose [...]