Orange to acquire Airtel’s subsidiaries in Burkina Faso and Sierra Leone
Orange and Bharti Airtel International (Netherlands) BV (“Airtel”) have signed an agreement leading to Orange’s acquisition of Airtel’s operations in Burkina Faso and [...]
UltraTech of India Mulls Stake in Kenya’s ARM Cement
UltraTech Cement Ltd., backed by Indian billionaire Kumar Mangalam Birla, may buy a controlling stake in ARM Cement Ltd. of Kenya, a Nairobi-based newspaper reported. ARM announced Dec. 23 it’s [...]
Orange will acquire 100% of the mobile operator Cellcom Liberia
Orange today announced it has entered into a firm agreement with Cellcom Telecommunications Limited to acquire, through its subsidiary Orange Côte d’Ivoire, 100% of Cellcom’s Liberia [...]
Abraaj Group Invests in Algeria’s Cellulose Processing
Abraaj’s North Africa Fund acquires “significant” minority stake in Cellulose Processing, a manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria, according to [...]
Olam buys wheat milling and pasta making assets of Nigerian group for US$275m
OLAM International Ltd announced on Monday that it has bought Amber Foods for a total enterprise value of US$275 million, doubling its wheat milling capacity and propelling the Singapore [...]
Kleoss Fund 1 Concludes its First Investment in TrenStar SA
Kleoss Fund 1 has concluded its first investment in TrenStar SA (Pty) Ltd, a leading integrated logistics provider with an impressive growth profile created by a talented management team that [...]
MTN Acquires Nigerian Rival Visafone
Embattled South Africa-based mobile operator MTN Group has acquired a Nigerian rival, Visafone, and fired more than 83 percent of its employees, PUNCH reported. Over 2,000 employees were let go [...]
Kenyan Tech startup BRCK gets Sh300 million funding for expansion
Kenyan startup BRCK has secured Sh300 million funding from a group of international investors for expansion. BRCK manufactures routers and modems that enable users to access Wi-Fi Internet, [...]
United Capital Plc closes US$250 million pre-payment facility deal with Orion Oil
United Capital Plc has made one of the largest transactions structured by an African bank in 2015. Last December, the investment bank achieved a US$250 million Tranche One Crude pre-payment [...]
Xterra Capital Advisors to invest Sh12bn in Kenyan real estate
Mauritian real estate fund Xterra Capital Advisors has identified Kenyan properties worth close to Sh12 billion in which it will invest the proceeds from its on-going fundraising. The property [...]
World’s No. 3 Spirits Maker Buys 50% Stake In SA Distributor
U.S.-based Beam Suntory, the world’s third-largest premium spirits manufacturer, has acquired a 50-percent equity stake in South Africa-based independent spirits distributor ABV Brands [...]
Vast Resources secures US$7 million from US fund
London – listed junior miner Vast Resources on Monday announced that it had secured a US$ 7,3 million investment from United States-based venture capital firm Crede Capital, which will take [...]
Co-operative Bank Kenya gets Sh10.7bn for long-term lending from the IFC
Co-operative Bank of Kenya has received Sh10.7 billion ($105 million) from the International Finance Corporation (IFC) to finance businesses that earn foreign exchange. The loan with a seven-year [...]
Tanzania Plans to List State Power Co. This Year
Govt plans to offer 49% of Tanzania Electric Supply Co. to public this yr; govt to retain controlling interest, Nairobi-based newspaper reports, citing Energy Minister Sospeter Muhongo. * Govt to [...]