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Lotus Bakeries agrees to buy production facilities of Grassroots, exclusive producer of healthy fruit snacks range BEAR in South Africa, from majority owner Acorn, according to emailed statement. [...]

ZIMBABWE Stock Exchange-listed seed producer, SeedCo, has secured exchange control authority to list its external operations on the Botswana Stock Exchange (BSE). Company secretary John Matorofa [...]

French industrial conglomerate Bollore aims to invest €400-million ($496.28-million) from next year to build a second container terminal at Côte d’Ivoire’s main port of Abidjan, the [...]

Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”), and Coscharis Group, a Nigerian Conglomerate with interests across several sectors of the Nigerian [...]

The European Investment Bank (EIB) has signed a $25 million financing plan for the installation of off-grid solar systems, to strengthen energy access in Africa. EIB vice president, Ambroise [...]

MTN Group Ltd.’s Ghanaian unit lifted its target for an upcoming initial public offering by more than a half to 3.48 billion cedis ($787 million), according to two people familiar with the [...]

First Mutual Holdings Limited (FMHL) is in talks to buy the remaining 19% shareholding in NicozDiamond — which is held by minorities — with a target of completing the exercise by year-end, group [...]

Investment company enters conditional agreement with Kuramo Capital Management to sell its 73.35% stake, Nairobi-based Centum says in newspaper statement. * Sale of Centum’s shareholding in fund [...]

EchoVC, a seed and early stage venture capital firm, has invested in Nigeria’s hostel booking platform, MyPadi, to accelerate expansion into more cities, schools and improve its products. [...]

Goodwell Investments has agreed to a follow-on investment in Musoni Services to support its fast client growth. Musoni provides microfinance institutions (MFIs) serving the un(der)served [...]

Investment firm Centum has divested from non-deposit taking micro-financier Platinum Credit after five years by selling its 25 per cent for an undisclosed amount. Centum, which is listed at the [...]

Phatisa has partially exited its investment in Kanu Equipment, a pan-African distributor of capital equipment, to Adenia Partners, generating an IRR in excess of 50%. The transaction provides [...]

Grit, the only listed Africa focused distribution group to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South [...]

HPLR, the largest scheduled commuter bus operator in the Cape Metropole through its unit Golden Arrow Bus Services, has been granted a listing on JSE’s main board. * Company doesn’t intend to [...]