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Co. acquiring stake from Tannous Feghali, Colina Holdings says in statement e-mailed by Stock Exchange of Mauritius. * Saham Finances agrees to loan Colina $30m; * “This expansion will enable the [...]

ABSA has invested R100m for a 75% stake in direct life insurer Instant Life as part of the bank’s plan to grow its bancassurance division. Instant Life, an online life insurance distribution [...]

Kenya Hotel Properties sells 33.38% stake in InterContinental Hotel Nairobi to Sovereign Group, a fund associated with former Kenyan President Daniel Moi, newspaper reports, citing official [...]

Actis LLP, a private equity investor in emerging markets, bought a majority stake in fund administrator Sigma Pensions Ltd. of Nigeria to capitalize on an increase in retirement planning in [...]

South Africa’s largest insurer Sanlam said on Tuesday it will buy nearly one-third of Morocco’s Saham Finances for $375 million, as part of a strategy to look for new streams of [...]

Travelbeta, the Lagos-based travel-booking startup just closed a $2 million seed fund. The funding will go into negotiating partnerships with travel agencies and other partners across the world [...]

Ascendis Health Ltd: * Has entered into an agreement on Wednesday, 18 november 2015, in terms of which Ascendis will acquire 100% of issued ordinary share capital of Akacia Healthcare Holdings [...]

Hyprop to buy 75% stake in Ikeja City Mall, in Nigerian commercial capital, Lagos; Attacq acquires 25%. * Hyprop to provide $70m facility to Mauritius unit foracquisition. Source: Bloomberg

FAMOUS Brands said on Tuesday it has signed a deal with French chain PAUL to bring the bakery-café establishment to SA. In terms of the 10-year licence agreement with PAUL, Famous Brands will [...]

London-based consumer goods co. Vasari, asset managers Duet finish 2m hectoliters plant in Debre Birhan town, 100km north of capital, Addis Ababa, w/ Tiret, an Ethiopian co. affiliated with the [...]

Transaction agreements have been signed for the empowered Masimong company – led by Chamber of Mines of South Africa president Mike Teke – to acquire a 51% interest in the R3-billion-a-year [...]

The Botswana Stock Exchange listed financial services company, Letshego Holdings Services has acquired a 75 percent stake in a commercial bank in Tanzania as part of the strategy to advance their [...]

Govt buys VimpelCom’s stake in nation’s 3rd biggest mobile-phone co. for $40m, Harare-based newspaper reports, citing unidentified sources. * Govt plans to fully own Telecel Zimbabwe through [...]

The deal could value glass bottle maker Consol at ~$1.2b, Reuters reports, citing people familiar. * Goldman Sachs, BofA Merrill Lynch, South African banks RMB and Standard Bank are working on [...]