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It’s understood that Ansys fought off bigger rivals like EOH and BCX to buy LAWtrust Niche digital technology company Ansys plans to make cybersecurity the next pillar of its business with the [...]

Ascendis will acquire 100% of Kyron’s issued share capital and debt for R450m Ascendis Health, which has recently come under pressure amid concerns about its ability to grow organically, said on [...]

Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, has announced the first closing of its third capital growth [...]

Long4Life, the investment company founded by South African entrepreneur Brian Joffe, agreed to buy Chill, a closely held maker, packager and distributer of drinks for a minimum of 452m rand. * [...]

Abraaj Group acquired Dubai Holding’s 35% stake in Tunisie Telecom, state-run TAP news agency reports, citing Minister of Communication Technologies Anouar Maarouf. * It didn’t provide financial [...]

Phatisa Food Fund 2 (PFF2) has received $10m from the African Development Bank Group to boost agriculture and nutrition across Africa. Stuart Bradley, Founding Partner, Phatisa, said: “We are [...]

* Central Bank Of Algeria Approves And Adopts Qatar General Insurance & Reinsurance Co’s 20 Percent Shareholding In Trust Bank Algeria. Source: Reuters

South African construction firm Group Five said on Wednesday it will sell a 50% stake in its steel pipe business for R80 million ($5.76 million) to LB Pipes Proprietary, as part of plans to exit [...]

XSML, the fund manager active in Central & East Africa, announced its fifth investment in Uganda in Ecopharm Ltd. Ecopharm has a network of eight pharmacies in Kampala, through which it [...]

Investec Asset Management Private Equity has divested its equity holding in Ashwah Holdings, parent company of Daraju Industries, by selling its significant minority stake back to the company. [...]

Bidvest Group’s banking unit agreed to buy FinGlobal, a provider of financial services to South Africans living outside the country, as part of an acquisition drive to expand and diversify its [...]

Local fintech firm i-Pay plans to expand following a R10 million investment from venture capital company Kalon Venture Partners. The capital injection will afford Kalon a minority stake in the [...]

Kings Pride Properties Limited, a Nairobi based real estate development and investment company, announced today that it has signed a financing term sheet of USD$450 million with Milost Global [...]

Finnfund, a Finnish development finance company, has invested $6m in Jumo, a financial services platform providing mobile financial services in emerging markets. Finnfund’s investment, which [...]