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Jubilee Insurance signs deal with CMC, ventures in DR Congo

Jubilee Insurance has launched operations in DR Congo with two new buyouts planned for Ethiopia and Madagascar before the end of the year. Jubilee Insurance chief executive Patrick Tumbo Monday [...]

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AB InBev to Buy SABMiller for $106 Billion in Record Deal

Anheuser-Busch InBev NV agreed to buy SABMiller Plc for almost 69 billion pounds ($106 billion) to clinch a record industry deal after several rejections, creating a brewer that will account for [...]

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Zimbabwe Innscor’s restaurants unit to list on Nov. 6

Zimbabwean fast food group Innscor Africa will separately list its restaurants unit on Nov. 6, allowing it to pursue mergers and acquisitions of companies operating similar businesses, the [...]

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Afrimat to buy Cape Lime Proprietary for 276 mln rand

Afrimat Ltd * Acquisition of Cape Lime and withdrawal of cautionary announcement; * Has concluded an agreement in respect of acquisition of 100 pct of issued ordinary shares of Cape Lime [...]

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Clover enters soft drink market, buys stake in Frankie’s

JSE-listed Clover has acquired a 51% stake in Frankie’s Olde Soft Drinks, resulting in the establishment of a new business, Clover Frankie’s. The new company would manufacture, sell, market and [...]

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Société Générale completes the acquisition of 65% stake in Mauritius Commercial Bank Mozambique

The French banking group Societe Generale announced on October 6, has completed the acquisition of 65% stake in the bank Mozambique Mauritius Commercial Bank (MCBM), which becomes Moçambique [...]

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Zim – Unifreight sells Tredco

UNIFREIGHT Africa Limited, the listed transport and logistics firm, said last week it had offloaded its tyre production unit, Tredco, as directors refocused on core operations to arrest mounting [...]

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Waco to Raise Up to $139 Million in Johannesburg Stock Listing

Waco International Holdings Ltd., a South African equipment rental and industrial services company, plans to raise as much as 1.9 billion rand ($139 million) from the sale of new shares ahead of [...]