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Equity Group of Kenya agrees to a share swap in four African banking operations in exchange for 6.27% stake for Atlas Mara valued at $105.4 million, Kenyan lender says in emailed statement. * [...]

AfricInvest has announced the fourth close of FIVE, an evergreen platform for investing in financial institutions in Africa. This fourth closing brings FIVE’s total commitments to €82.5m. [...]

Adenia Partners, a private equity fund manager focused on control investments in Sub-Saharan Africa, has exited its investment in Socolait, a dairy producer and distributor in Madagascar. The [...]

Oasis Capital Ghana, managers of the Oasis Africa VC Fund (OAF), are pleased to announce their investment in Sinel Specialist Hospital (“Sinel”). Sinel is a Tema-based specialist hospital in [...]

Wafa Assurance, the insurance arm of Moroccan group Attijariwafa Bank, has just signed an agreement to acquire a majority stake in Cameroonian companies Pro Assur SA and Pro Assur Vie, Moroccan [...]

• NGN 130 billion (US$ 361 million) transaction for 100% equity ownership • Complementary flour and pasta manufacturing capabilities would serve consumer demand for bakery, snacks and pasta [...]

Private equity fund manager Phatisa has reached an agreement with mining and metals company Ma’aden on the sale of its controlling shareholding in Meridian Group. Meridian is a prominent African [...]

CDG Capital Private Equity, the leading growth equity investor in Morocco invested in Group Oncorad, a private healthcare provider focused on oncology and radiology. Oncorad was founded in 1999 [...]

Cipla announced that its subsidiary, Cipla Medpro South Africa will acquire a 30% stake upon closure in the connected healthcare company, Brandmed. In February, Cipla had announced a similar [...]

African Rainbow Capital Investments Ltd., the holding firm started by South African billionaire Patrice Motsepe, bought a majority stake of QED Actuaries & Consultants (Pty) Ltd. for an [...]

Private Equity Fund KGAL New Frontiers, founded in 2018 by German KGAL, acquired 22% stake in SunErgy, a Norwegian company specialized in off-grid power supply to emerging countries. The [...]

CI Capital Holding on Monday announced it has signed a contract to acquire an indirect stake of 60% stake in Taleem Educational Services and Consultations (TESC). The transaction is expected to [...]

African ecommerce giant Jumia today raised $196-million in its initial public offering (IPO) at the New York Stock Exchange (NYSE). The firm — which was founded in 2012 in Nigeria by Frenchmen [...]

Belfast-based Global agri-tech firm Devenish Nutrition has bought a 42 percent stake worth Sh225 million in animal feeds maker Sidai Africa. Sidai founder Christie Peacock said the eight-year old [...]