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Germany’s Allianz plans to pay $35 million for 98 percent stake in Nigerian insurer Ensure Insurance in a push for growth in Africa, where many people are uninsured. Foreign insurers are banking [...]

CDC Group plc, the UK’s development finance institution, has today demonstrated its commitment to finding new ways to channel growth capital into African markets by investing US$20mn in Solon [...]

CEO Hendrik Jordaan says Lesotho investment will help grow Sanlei into a formidable African trout producer and exporter US-based private family capital fund One Thousand And One Voices (1K1V), [...]

Rwanda’s Bank of Kigali plans to raise $60 million-$100 million by next year to expand its business and could list shares on an overseas bourse as part of the plan, its chief executive [...]

Secha Capital VCC, an approved section 12J company, has invested an undisclosed amount in Stoffelberg Biltong, South Africa’s fastest-growing biltong brand. Stoffelberg Biltong, led by a team [...]

Nigerian fuel distributor Nipco Plc has bought another 3.23 percent stake in 11 Plc, the fuel retailer formerly known as Mobil Oil Nigeria, for 4.84 billion naira ($16 million) to increase its [...]

Company will weigh whether to acquire remaining 10% after 2 years, Kansai Plascon East Africa President Gary van der Merwe tells reporters in Kenyan capital, Nairobi. * Plans to invest between [...]

Investment holding company Long4Life will acquire Inhle Beverages, a contract packaging business in Gauteng, for up to R360-million in cash and shares. Inhle, which is based in Heidelberg, [...]

Arise, an investment company that was formed by Norfund, Dutch development fund FMO and Rabobank, has taken over 69.14m shares previously held by Norfund and FMO in NMBZ Holdings of Zimbabwe, [...]

AlphaCode unit will acquire nearly 5% of Prodigy Finance, lender for international MBAs Rand Merchant Investment Holdings (RMI) has made its maiden investment into a global fintech, alongside two [...]

Social impact investor AgDevCo is backing Talian, a Ugandan milling business, in a $450,000 debt deal. The terms of the deal were not disclosed. The financing will help Talian’s plans to scale up [...]

Payment services provider Direct Pay Online (DPO) Group has acquired Virtual Card Services (VCS) South Africa. This marks the completion of DPO’s purchase of the VCS group, following the earlier [...]

Private equity house EMR Capital has purchased an 80% stake in a Zambian copper mine from African Rainbow Minerals (ARM) and its partner for $97.10-million, ARM said on Tuesday. The 80% indirect [...]

Purple Group and Sanlam Investment Holdings (SIH), a wholly owned subsidiary of Sanlam Limited, have announced that SIH has entered into agreements to acquire a 30% stake in First World Trader [...]