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A Federal High Court sitting in Lagos has given its final sanctions to the scheme of Merger between the Cement Company of Northern Nigeria (CCNN) and BUA Group’s Kalambaina Cement Company. This [...]

Three deals were at the weekend struck for the transfer of about 10.5 per cent equity stake in NEM Insurance Plc, bringing major changes in the equities of the insurance company during the week [...]

GeoCapital, Gestão de Participações, has decided to sell the 27.44% stake it held in Caixa Económica de Cabo Verde (CECV), the financial institution’s chief executive said. The investment company [...]

Gems Education, the UAE’s largest private school operator, said it exercised an option under an existing partnership to acquire an initial 50 per cent stake in four schools in Egypt, which it has [...]

Togolese lender Oragroup SA raised 56.9 billion CFA francs ($98 million) in a fully subscribed initial public offering that was the largest yet for West Africa’s regional exchange. The bank sold [...]

The PIC quietly bought up almost 90% of cash-strapped Denel’s bonds in the past 12 months. South Africa’s state asset manager has quietly bought up almost 90% of cash-strapped arms manufacturer [...]

US private equity fund Emerging Capital Partners (ECP) has acquired a majority stake in Nairobi-based hospitality chain Artcaffé Group for an undisclosed amount. ECP, which last year sold its [...]

FMO has launched a global forestry investment programme with the initial extension of $20m in financing to plantation  companies operating in Ghana and Sierra Leone in West Africa and Laos in [...]

SOUTH African fintech firm Jumo has secured US$12.5 million from London-based investment firm Odey Asset Management, bringing total funds raised to more than US$103 million. This investment marks [...]

In March next year, electric motorcycle taxis could begin plying Rwandan streets cutting down on the level of gas emissions the country endures due to petroleum burning motorcycles. Following [...]

The Competition Authority of Kenya (CAK) has approved acquisition of a 32.5 per cent stake in Kenyan hospital chain City Eye Hospital by Swiss-based asset manager LGT, the largest family-owned [...]

The Kenya Electricity Generating Company (KenGen) has kicked off the search for consultants to determine the viability of extracting minerals such as silica and lithium from geothermal fluids in [...]

All conditions to agreement with Royal Bafokeng Platinum and Royal Bafokeng Resources fulfilled and Amplats’ unit Rustenburg Platinum Mines completed the disposal of its 33% interest in the [...]

Ghana’s Energy Commercial Bank Ltd. said it will refund all applications for its initial public offering of 340 million cedis ($70 million) after failing to receive the minimum amount that was [...]