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Ashburton Investments Buys Atlantic Asset Management

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 [...]

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Seed Co acquires $50 million for local, foreign ops

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 [...]

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Egypt – Pioneers to offer to buy Universal Co for Packaging

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 [...]

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Actis Invests 760m Rand in Food Lover’s Market

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 [...]

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AfricInvest entre au capital de Salvador Caetano Auto Africa

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 [...]

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Axa completes acquisition of Egypt’s Commercial International Life Insurance for EUR92m

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 [...]