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Purchase price for Cape Town-based fixed income asset manager not disclosed, Ashburton Investments says in e-mailed statement. * Subject to regulatory approval, Atlantic funds will be rebranded [...]

Seed Co Limited has received $50 million from regional banks for its local and foreign operations so far this year, the group chief executive officer, Morgan Nzwere has said. He said foreign [...]

Egypt’s Pioneers (PIOH) will offer to buy 100 percent of its subsidiary Universal Co for Packaging Materials and Paper unip for 7.5 pounds per share on Sunday, a Pioneers official told [...]

Investment incl. funding to pursue expansion in South Africa, sub-Saharan Africa, Actis says in e-mailed statement. * Food Lover’s Market, founded by Brian and Mike Coppin, has 120 outlets in 11 [...]

Dévoilée en exclusivité par Jeune Afrique il y a un mois, l’entrée de AfricInvest au capital de la filiale dédiée à la distribution automobile en Afrique du portugais Salvador Caetano est [...]

French insurer Axa has completed the acquisition of Egyptian life insurance firm Commercial International Life Insurance (CIL), for around EGP763m (€92m). The deal was first announced by both [...]