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Johannesburg-based Mail & Guardian has been acquired by Media Development Investment Fund, it reports on its website. * As part of deal current CEO Hoosain Karjieker becomes a minority [...]

After the investment by Proparco and Investisseurs et Partenaires in August 2016, Enko Education has entered into a new phase of growth, raising 1.5 million euros with Oikocredit, a cooperative [...]

Investors & Partners (I&P), which celebrated its fifteenth anniversary on December 6th, is launching a new fund: I&P Afrique entrepreneurs 2 (IPAE 2). With 50.3 million euros after [...]

Investment follows two previous acquisitions by 1K1V announced in 2017 One Thousand & One Voices® (1K1V®), the U.S. private capital fund backed exclusively by leading families, announced that [...]

Online travel booking website Travelstart last week announced that it has bought a majority stake in Cape Town-based SafariNow.com, for an undisclosed fee. SafariNow is an accommodation booking [...]

First listing is Ukhamba Holdings, broad- based black economic empowerment partner of Imperial Holdings, with a market capitalization of 340m rand. * Equity Express says it’s country’s fifth [...]

Company will raise money through stock offering, possibly on exchange outside Rwanda, Chairman Marc Holtzman says in interview at annual general meeting in capital, Kigali. * Funds will be used [...]

The producers of the ubiquitous Tecno phone, Transsion Holdings will pay about $5 million to acquire Micro-Station, the Computer Village, Ikeja-based mobile phone retail chain store, sources say. [...]

Tunisian government and the Abu Dhabi Investment Authority are seeking an international offer for their stake in Banque de Tunisie et des Emirates d’Investiment, the bank says in an emailed [...]

ONOMO Hotels group is proud to announce the successful completion of a c. €106m equity fundraise attracting two new investors namely CDC Group plc and CIC Capital. Following the transaction, [...]

Affelka SA, the foreign majority core investor in Seven-Up Bottling Company Plc, has launched a bid to buy all outstanding shares held by minority shareholders in the company, in a move [...]

Greenlight Planet Inc., a U.S. manufacturer of solar-powered lights, has raised $60 million in debt-and- equity funding mainly to expand its off-grid solar financing business in Africa, according [...]