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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 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 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’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 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 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 [...]

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 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 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 [...]

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 [...]

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 [...]

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 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 [...]

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 [...]