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Kagiso Tiso buys stake in Nigeria healthcare firm Me Cure Healthcare

INVESTMENT company Kagiso Tiso Holdings (KTH) has acquired an interest of about 30% in Nigerian healthcare company Me Cure Healthcare as the group increases its presence in west Africa. The deal, [...]

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A2X Applies for South Africa Stock-Exchange License

A2X led by Kevin Brady, who is former MD of securities at Investec; ex-JSE Company Secretary Gary Clarke; Neal Lawrence, ex-head of IT at UBS, IT principal at Absa Capital, Johannesburg-based [...]

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Saint-Gobain acquires LODHIA Gypsum Industries Tanzania

Saint-Gobain completed the acquisition of 50% stake in the company LODHIA Gypsum Industries based in Arusha, Tanzania, on the border with Kenya. LODHIA Gypsum Industries manufactures and markets [...]

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Sub-Saharan Africa grows mergers, acquisitions

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today released the quarterly investment banking analysis for the sub-Saharan Africa [...]

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National Bank Increases Stake in Mauritius’s AfrAsia to 17.5%

National Bank of Canada increased its stake in AfrAsia Bank Ltd. to 17.5 percent, making the Montreal-based lender the second-largest investor in the African company. National Bank acquired an [...]

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AfDB awards Sucden 100 mln euro loan for Ivory Coast

The African Development Bank (AfDB) has approved a 100 million euro ($109 million) loan to Sucden’s Ivory Coast branch for cocoa investment, a company official said on Wednesday. Sucden, a [...]

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Mauritius Firm Takes Over Uganda’s International Medical Group

Ciel Healthcare Ltd (CHL), which is based in Mauritius, has bought a majority stake in International Medical Group (IMG), the company that owns the renowned International Hospital Kampala, [...]

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AFC, Ivorian developer ink deal to build 44 MW hydro plant

Multilateral development finance institution and project developer Africa Finance Corporation (AFC) has announced the signing of a joint development agreement with Ivorian project group Ivoire [...]

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Fanisi Capital acquires stake in Tanzanian agro-processor

Private equity firm, Fanisi Capital, has acquired a stake in Tanzanian agro-processor, Kijenge Animal Products, at $6 million adding to a growing list of East African firms in which it has [...]

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Caixa Buys Remaining 49% Stake of Co. That Controls Angolan Bank

Portuguese state-owned Caixa Geral de Depositos bought the remaining 49% stake of holding co. Partang it didn’t already own from Banco Santander Totta, it says in a regulatory filing. * Caixa [...]

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Prudential Enters Ugandan Insurance Market

Prudential Plc, one of the world’s oldest and most strongly capitalised life insurers, has entered its third African insurance market by acquiring Goldstar Life Assurance in Uganda. The move, [...]

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Meridian Marshalls lists on the Ghana Alternative Market

Meridian Marshalls Holdings (MMH) Company, an educational institution, has made its debut on the Ghana Stock Exchange (GSE), with a total amount of Gh¢ 1.42 million from its Initial Public Offer [...]

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Bidvest buys into local online communications start-up Retroviral Digital Communications

Bidvest Media has taken another step to establish itself as a major JSE-listed Bidvest Group subsidiary through the acquisition of a majority stake in local online communications agency [...]