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Econet is the largest counter on the board by market capitalization and revenue at $4.3 billion market cap and an estimated annual revenue of $1.2 billion using a straight line projection on the [...]

South African State-owned pension fund, the Public Investment Corporation (PIC), has raised its stake in mobile phone operator MTN Group to nearly 24%, regulatory filings showed on Wednesday, a [...]

South Africa’s Competition Tribunal approved fishing group Sea Harvest’s acquisition of Ladismith Cheese Company without conditions. When the transaction is complete, Sea Harvest, through its [...]

Equity Group  has launched an online real-time forex trading platform across multiple currency pairs as it seeks to double its forex (FX) customers. The platform dubbed EazzyFX eliminates the [...]

Continental Reinsurance Plc says its board of directors has received an offer from CRe African Invetsments to acquire all its outstanding and issued shares. The Company Secretary, Continental [...]

Dutch private equity fund DOB Equity has bought a stake in Kenyan-based agro-processing company Ten Senses Africa to help it capitalise on the fast-growing demand for macadamia nuts. The [...]

BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulphur diesel, [...]

America’s Overseas Private Investment Corporation (OPIC) has injected Sh600 million into Nairobi-based CrossBoundary Energy, a firm that funds industrial and commercial solar installation [...]

New funding from Goldman Sachs and top education investors will expand UNICAF’s affordable and accessible degree programmes to more than 100,000 learners by 2023. UNICAF, the largest online [...]

SIDVOKODVO based Swazi Milk project has new owners after 100 per cent of the company’s shares were acquired by Eswatini Dairy. This acquisition is one of about 10 of those recently approved by [...]

Morocco’s Mutandis received a green light on Friday to launch an initial pubic offering (IPO) to raise 400 million dirhams ($42.1 million), only the second this year on the Casablanca stock [...]

Touted to be worth over R1bn, the development will be a catalytic project for eThekwini Municipality. The private university planned for Sibaya follows AdvTech and Tongaat Hulett’s announcement [...]

King Mohammed VI and French President Emmanuel Macron boarded the train for the inaugural trip from Tangier to the capital Rabat. Morocco inaugurated on Thursday Africa’s fastest train [...]

Vodacom Tanzania shareholders on Wednesday approved the sale of a 26 percent stake owned by Mirambo Holdings Ltd to South Africa’s Vodacom Group. Shareholders approved the transaction during an [...]