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Arise Fund has agreed to buy a minority stake in Moza Banco, Kuhanha, which administers the pension fund of Mozambique’s central bank, said in an emailed statement. * Under the terms of the deal, [...]

The Saudi-based Marei Binmahfouz Group acquired 25% stake in DBK Pharma, an Egyptian company working in the pharmaceutical industry and listed on the Egyptian Exchange since January 2017, in a [...]

African international schools group Enko Education, founded by Cyrille Nkontchou and Eric Pignot, has taken a new step in its development, acquiring the West African College of the Atlantic [...]

Hinduja Group India Ltd., owned by the billionaire Hinduja brothers, is considering buying a majority stake in state-owned MauBank Ltd. of Mauritius, according to two people with knowledge of the [...]

Singapore’s Halcyon Agri announced that it had increased its stake in the equity capital of Tropical Rubber Côte d’Ivoire (TRCI) by 18.8%, bringing its shareholding from 51.2% to 70%. [...]

Goodwell Investments has acquired a minority equity stake in Oradian, one of the world’s fastest growing providers of digital solutions for financial institutions in frontier markets. The [...]

ECONET Media’s pan-African media company Kwesé TV has acquired a significant stake in iflix Africa to form part of its diverse broadcast offering, as the core vehicle to deliver seamless mobile [...]

Kenyan mid-tier Commercial Bank Africa (CBA) has acquired Crane Bank Rwanda from Uganda’s Dfcu Bank. CBA said it received regulatory approvals from Kenya, Uganda and Rwanda central banks. The [...]

Agreement signed with Banque Populaire Caisse d’Epargne allows Morocco’s second-biggest lender to expand African presence to Mauritius and Madagascar, the state- run news agency reports, citing a [...]

The Emerging Africa Infrastructure Fund(EAIF), suppliers of debt finance to private sector infrastructure projects in sub-Saharan Africa, said on Tuesday that it had ended 2017 on a high note [...]

Eos Capital, a Namibian private equity firm, has confirmed that it has acquired the majority of the ordinary share capital of Heat Exchange Products (HEP) and Namibia Aqua Mechanica (NAM). [...]

JCM Power Corporation (JCM Power) announced today that FMO – the Dutch development bank – has committed to invest up to US$25 million in JCM Power. JCM Power is a Canadian-based renewable energy [...]

Luxembourg-based private equity (PE) firm Fonds Européen de Financement Solidaire (Fefisol) has invested Sh100 million in Musoni Microfinance Ltd that targets small-scale farmers and the informal [...]

Cepheus Growth Capital Partners, a private equity firm, has successfully reached its first close at $51m of its Cepheus Growth Capital Fund, receiving strong support from CDC Group, Norfund, and [...]