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Kenya’s Equity Group said on Wednesday it had secured regulatory approval to acquire 79 percent of ProCredit Bank Congo, expanding its banking operations into the Democratic Republic of [...]

The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced a partnership, through its second generation North Africa Fund (‘ANAF II’), with [...]

Imperial Holdings Ltd., owner of South Africa’s biggest car dealership network, agreed to sell its Regent Insurance unit to Hollard Insurance Co. Ltd. for 2.3 billion rand ($164 million). “While [...]

Basil Read Energy sold to TEWA Power and African Pioneer Energy. * Net proceeds to be used for reduction of debt, capital management * BRE determined to be non-core, earmarked for disposal; * [...]

PSG-aligned private education group Curro is back on the deal trail, snagging its first African deal scarcely six weeks after a controversial takeover bid for rival Advtech was shelved. Although [...]

International technology firm Digitata has acquired a controlling stake in long-time partner, South Africa’s Rorotika Technologies, which provides development and support services for Digitata’s [...]

David Bonderman’s firm, investment partner Mo Ibrahim have eyes on growing private-schools sector TPG has become the latest U.S. private-equity firm to invest in Africa, making its first [...]

Ghana broadcasting co. operates 4 radio stations, Happy FM, YFM Kumasi, YFM Accra, YFM Takoradi, plus free-to-air terrestrial television channel, e.tv Ghana, Kagiso Media says in e-mailed [...]

Ascent Capital has acquired stake in a Kampala-based mobile money agent, making it the fund’s second deal. The private equity fund also operating in Kenya and Ethiopia, has invested an [...]

Tanzania’s government is considering selling a stake in the national carrier in a turnaround strategy that may be implemented after a new president is elected next month, said acting Chief [...]

Kuala Lumpur-based investment firm Frontier Digital Ventures has invested undisclosed amount in  a Democratic Republic of Congo used automotive car portal, Deal Street Asia reported on Tuesday. [...]

AXA announced today it has invested in Eranove, a leading West African utility company with operations in power generation, transmission and distribution, as well as water production and [...]

Norfund pays $227m cash for 30% stake; CDC, which already owns majority indirect investment in Globeleq Africa via Actis Infrastructure 2 Fund, transferred its stake into new co. owned jointly [...]

The owners of Brookhouse School have sold the institution to Educas, a United Kingdom-based private equity fund, for Sh3.6 billion, making it one of the biggest transactions in Kenya’s high-end [...]