Archives

Brainworks Limited has raised $8 179 808 following the placement of 9 078 677 Treasury shares to investors, a move which gives them an opportunity to own shares in the Johannesburg Stock Exchange [...]

Mobil Producing Nigeria, the local unit of Exxon Mobil, agreed “commercial terms” with Qua Iboe Power, for the sale of a power plant, gas and electricity transmission lines, Lagos-based co. says [...]

JSE-listed AECI will acquire South African asphalt producer Much Asphalt for R2.27-billion. “Much Asphalt has a market leading position with long-established customer relationships, a robust [...]

Vodacom Tanzania Plc, majority owned by South Africa’s Vodacom Group, has sold its stake in a local unit of Helios Towers Africa for $58.5 million. It sold its 24.06 percent stake in Helios [...]

South African-based industrial holding company, Phembani Group Proprietary Limited (Phembani), with investments in mining, energy, infrastructure, and industrial services, announced that it has [...]

Investec Asset Management Private Equity and RMB Ventures have acquired Kamoso, a Botswana-based retailer and consumer goods company. A consortium of investors also included local partners, and [...]

FCMB Group Plc has reached agreement to acquire additional 60 per cent equity stake in Legacy Pension Managers Limited to increase FCMB’s majority equity stake in the pension firm to 88.2 per [...]

Social impact investor AgDevCo is backing Uzima Chicken, a Rwandan poultry business with $3 million of debt. The capital will be used to expand Uzima’s capacity to produce between 8 million to 10 [...]

Ebtikar, a non-banking financial services platform joint venture backed by Egyptian private equity fund manager BPE Partners and MMG Group for International Industry and Trade (MTI), has acquired [...]

The latest in a series of high profile renewable energy acquisitions for the French energy giant, ENGIE has announced the acquisition of a 100% stake in Fenix International, a U.S. company active [...]

Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, has acquired a 50% interest in Faircape Life Right Holdings for an undisclosed sum. The [...]

Firefly agrees to make convertible subordinated zero-coupon loan to company of $60.6 million, which will be convertible, under certain conditions, into 3.43 million ordinary shares, Bayport [...]

Recall Holding, owned by Mr Abdelkader Hamrouni, BIAT Capital Risque, UBCI Capital Development, AMI Assurances, Tunisian Union of Participation, and controlled by RECALL SARL, itself controlled [...]

Havas buys 49% stake in creative, consultancy agency Ganfood and media agency HVS, co. says in statement. * Ganfood was created in 2003; clients include Heineken, Peugeot, Sanofi; * HVS was [...]