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South African logistics firm OneLogix has expanded into Kenya’s transport market by buying into the local subsidiary of Kuehn+Nagel. OneLogix, which is listed on the Johannesburg Stock Exchange, [...]

Hotelier TPS Eastern Africa said it had signed a $20 million loan agreement with French development institution Proparco, to support the refurbishment and redevelopment of its properties in [...]

A consortium of investors led by Amethis Finance extends a convertible loan to Elephant Africa Holding, the holding entity of Bel Papyrus Ltd. and Bel Impex Ltd., the leading producers of tissue [...]

It is reported that Morocco’s Banque Centrale Populaire (BCP), has taken control of Niger’s Banque Internationale pour l’Afrique (BIA-Niger), according to an an official from [...]

ALTEO issued a Communiqué announcing the completion of the acquisition of an effective stake of 51% in the ordinary share capital of Transmara Sugar Company Limited (TSCL) through its subsidiary [...]

A leading Cote D’Ivoire’s insurance company, Sunu Assurances Vie Cote D’Ivorie has received the approval of the Nigerian Stock Exchange (NSE) to acquire 28.2 per cent equity stake in Equity [...]

Momentum Global Investment Management has completed the second close of it Momentum Africa Real Estate Fund with a $103 million commitment to the Fund which has raised a total of $150 million. [...]

A Mauritius-based financial services firm, Premfin Capital, which is owned by a group of Kenyan investors, has acquired two microfinance companies in Tanzania and Uganda. The two firms, Gatsby [...]

Mauritian fund manager Axis has acquired Kenyan stock broker ApexAfrica Capital for Sh470 million, making it the highest priced takeover of a market intermediary in East Africa. Details of the [...]

Acquisition completed through Unga Holdings unit, according to statement published in Nairobi-based Daily Nation newspaper. * All requisite shareholder, statutory and regulatory approvals [...]

JSE-listed RCL Foods, through a shareholding in Hudani Manji Holdings (HMH), intends to enter the East African region with an “established reputable partner”, creating one of the largest [...]