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Williamsville Sears Management Inc. (“WSML” or the “Company”) is pleased to announce that it has signed a Letter of Intent (the “LOI”) for the acquisition of True Life Capital [...]

Allianz will invest $81m for 8% stake of Africa’s largest reinsurer Africa Re, Allianz management board member Niran Peiris says in interview with Germany’s Handelsblatt. * Investment will make [...]

AYO Technology Solutions, the listed empowered ICT company that provides turnkey ICT products and services to a broad array of local and international clients, has confirmed the acquisition of 30 [...]

The Indian Government has expressed willingness to extend a $310 million soft loan to Zimbabwe to finance a rehabilitation programme for Hwange Thermal Power station that would entail upgrading [...]

Electricity distributor Kenya Power has signed a power purchase agreement (PPA) with French renewable energy firm Voltalia for a 50-megawatt solar project located in Kopere, Nandi county. The [...]

A consortium comprising enterprise development specialist Fetola, the World Wide Fund for Nature South Africa (WWF-SA) and SkyNRG is launching the Waste to Wing project to determine the [...]

The Frontier Car Group, which operates Cars45 in Nigeria has raised $89m from Naspers to expand its second-hand car auction in Africa, Latin America and Asia, the FT reports. Early this month, [...]

London-based private equity company Actis LLP will take an 88 percent stake in the 100-megawatt Kipeto Wind Power in Kenya after buying out most of the project’s other shareholders, one of the [...]

EXEO Capital has invested $6.4m into Capital Fisheries, a Zambian food distributor that specialises in the cold-chain distribution of animal proteins. Concluded at the end of April 2018, the [...]

Egypt’s EFG-Hermes Holding SAE plans to invest in local kindergartens and schools with GEMS Education, the Dubai-based school operator backed by Blackstone Group LP. The joint venture will spend [...]

Telecommunications giant, AirtelTigo Ghana has partnered with Ericsson, a Swedish multinational networking and telecommunications company to combine and upgrade its network infrastructure. The [...]

JSE-LISTED Premier Fishing and Brands has acquired a 50.3 percent stake for R85 million in the Talhado Fishing Group in South Africa after the competition authorities and the department of [...]

Ugandan power distributor Umeme Ltd plans to spend $1.2 billion in the next seven years to revamp and expand the grid and has hired an adviser to explore options for raising the money, the [...]

Ivory Coast is close to completing a deal with the local unit of France’s Eranove SA for the construction of a thermal-power plant that could expand the country’s generation capacity by almost a [...]