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Acclaimed ed-tech company Snapplify has raised $2 million expansion capital from venture capital firm Knife Capital through its SARS section 12J Venture Capital Company, KNF Ventures, and [...]

To the tune of 200 million dirhams (18.5 million euros), Palmagri welcomes Tana Africa Capital in its round table to afford the means to develop its red fruit sector. The Berrada family seems to [...]

Huaxin acquires Maweni Limestone for $116 million, Nairobi-based Business Daily newspaper reports, citing ARM Cement administrator PwC Kenya. * Transaction is subject to regulatory approval; * [...]

In a statement on Friday, packaging group Nampak said it has entered into a R1.5bn deal to sell its glass business. Nampak Glass primarily manufactures beer, spirits and wine bottles, as well as [...]

Development Partners International (DPI), a pan-African focused private equity firm, and Convergence Partners have co-invested in Channel VAS, a fintech provider of mobile financial and airtime [...]

AG.Leventis (Nigeria) Plc yesterday said, Boval S.A acting on behalf of itself, Leventis Holding S.A, and Leventis Overseas Limited, which are core shareholders of the company, has planned to [...]

FinnFund, a Finnish impact investor focused on sustainable investment opportunities in developing countries, has made its first direct investment in Zambia with a $6 million commitment to [...]

Deal to buy the stake in Taaleem management Services Co. from Thebes Education Management Holding included a group of co-investors, CI Capital says in a statement. * Purchase was made through [...]

Deutsche Post is looking for a potential buyer for the Africa business of its warehouse logistics unit Supply Chain, Manager Magazin reports, without citing anyone. * Sale may generate disposal [...]

Indian pharmaceuticals company Laurus Labs Ltd on Wednesday said it has acquired a wholly owned unit of South Africa-based Aspen Pharmacare. Laurus Labs said in a stock market disclosure that the [...]

The Danish SDG Investment Fund, managed by IFU, has invested DKK45m ($6.67m) in Africa Education Holding, which offers affordable high-quality programmes in labour market relevant studies of [...]

Verod Capital Management (Verod), a leading West African private equity firm, has received regulatory approvals for its acquisition of 100% of the shareholding of Metropolitan Life Insurance [...]

Toronto-based Ecopia Tech has received $6.5 million to digitally map sub-Saharan Africa by converting high-resolution images of the real earth into high-definition vector maps. With financial [...]

Yasser Agiba, member of the board of directors of MEDAF Investments Holding, said that his company aims to gain a market share ranging between 30 to 50% of the electronic payment (e-payment) [...]