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Central Bank of Nigeria Approves Konga’s Acquisition of Zinternet

The Central Bank of Nigeria (CBN) has approved Konga’s acquisition of Zinternet Nigeria Limited (Zinternet) and its mobile money licence. The acquisition, which consolidates the apex bank’s [...]

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Famous Brands buys 51% of Botswana partner

South Africa’s biggest fast-food restaurant chain Famous Brands will take a 51 percent stake in its Botswana franchise partner, it said on Tuesday, ahead of a potential broader foray in the [...]

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Cupric Canyon Capital buys Botswana’s copper firm out of liquidation

Cupric Canyon Capital, a private equity firm backed by a unit of Barclays Plc, has bought Discovery Copper Botswana (DCB) for 343 million pula ($35 million), the appointed liquidator’s said [...]

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Ivanhoe agrees to sell 15% stake in Kamoa Copper project to Congo

Ivanhoe Mines has agreed to sell 15% of its stake in Kamoa Copper project to the Democratic Republic of the Congo Government after the country raised concerns about its proposed sale of the share [...]

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World Bank’s IFC in Zambia deal with Zeder

AGRI BUSINESS specialist Zeder, which is controlled by investment house PSG, has wooed the World Bank-aligned International Finance Corporation (IFC) as a strategic equity partner for its [...]

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Casers Group Acquires Mawal in W/Africa’s Biggest Advertising Deal

Casers Group and Mawal Group have announced a definitive merger agreement under which Casers Group acquires Mawal, the leading marketing communications network in French West and Central [...]

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Yetu Microfinance to list on Dar Stock Exchange

Yetu Microfinance is today launching an Initial Public Offer (IPO) to raise 12.5bn/- as seed capital through sale of shares, thus making it set to become the first microfinance institution to [...]

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NSIA Banque-Cote D’Ivoire Working on IPO for Regional Bourse

NSIA Banque-Cote D’Ivoire is looking to raise funds for expansion in Africa from the sale of at least 10 percent of its shares in an initial public offering this year, according to the head of [...]

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Broll Acquires Finlay Management Business in SA and Mozambique

Broll Property Group has acquired 100 percent of the Finlay Management Business in South Africa and Mozambique. Broll has not bought the Finlay Retail Leasing Business, however, both companies [...]

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Rwanda Crystal Telecom IPO oversubscribed by 123%

Crystal Telecom’s initial public offering (IPO) has been oversubscribed by 123 per cent, according to a statement released by the firm. The firm was offering about 270.17 million shares (20 per [...]

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Net1 Makes Strategic Investment in Nigerian Consumer Finance Provider One Credit

Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) today announced that it has acquired a 25% interest in One Credit Limited (“One Credit”), a leading [...]

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Barclays Africa buys controlling stake in First Assurance of Kenya for R374 million

Barclays Africa announced on Wednesday that it would acquire a 63, 3% stake in First Assurance of Kenya for about R374 million. About 25 percent of the purchase price, or R94 million, will be [...]

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FrieslandCampina increases stake in Nigerian subsidiary to 67.6%

Royal FrieslandCampina on Thursday announced that it had increased its equity stake in its Nigerian subsidiary, FrieslandCampina WAMCO Nigeria Plc, from 54.58 per cent to 67.61 per cent. To [...]

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Seed Co Takes Over Prime Seeds

Seed Co Limited has acquired a 100 percent stake in Prime Seeds Limited, one of the biggest vegetable seed growers in the country. Seed Co Limited group chief executive Mr Morgan Nzwere yesterday [...]

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