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Mediterrania Capital Partners invests in Morocco’s Akdital Holding

Mediterrania Capital Partners has invested through its MC III Fund an undisclosed amount in Akdital Holding, which operates five clinics in Greater Casablanca, Morocco, with the objective of [...]

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Steinhoff Holdings Sells Unitrans To Toyota Subsidiary CFAO

Steinhoff International Holdings said on Wednesday that it had closed the sale of its automotive operation Unitrans to CFAO, a subsidiary of Japan’s Toyota Tsusho Corporation (TTC), while the [...]

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Cepheus Capital invests in Ethiopia’s leading ceramics producer

Cepheus Growth Capital Partners (“Cepheus Capital”) is pleased to announce an investment into Tabor Ceramics Products Share Company (“Tabor Ceramics”), Ethiopia’s leading domestic producer of [...]

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Brait Plans Rights Offer of Up to 5.6b Rand; Ethos to Buy Shares

Brait intends to launch an equity capital raise of at least 5.25 billion rand and up to 5.6 billion rand through a renounceable rights offer of 5.25 billion rand to existing shareholders and a [...]

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Sim Shagaya’s uLesson African edtech startup raises US$3.1m

Nigerian founder Sim Shagaya is back with a new startup — uLesson — that has raised a $3.1 million seed round led by TLcom Capital. The venture is integrating mobile platforms, SD cards, [...]

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Camey & Rocks acquires major shares at Resort Savings & Loans

Camey & Rocks Business Consulting Limited has acquired the majority shares in Resort Savings & Loans Plc. The current authorized share capital of the bank is 20 billion units of shares [...]

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Uganda Oil Refinery Gets US$20 Million Funding From AFC

The Africa Finance Corporation has advanced $20 million for the construction of Uganda’s crude oil refinery, paving the way for the start of the $4.27 billion project. AFC signed the financing [...]

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KfW and Allianz establish fund for joint investments in African companies

On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW Development Bank, together with Allianz Global Investors, has set up a fund of funds that will provide [...]

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Emerging Capital sells stake in lender Oragroup to CGRAE

Emerging Capital Partners reached a deal to sell a portion of its stake in pan-African lender Oragroup to the General State Pension Fund of Ivory Coast, or CGRAE, the investment company says in a [...]

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Seychelles pension fund acquires stake in Cable and Wireless

The Seychelles Pension Fund (SPF) has acquired a 20 percent equity share in the Cable and Wireless of Seychelles with the aim of diversifying its investment portfolio, said the chairperson of the [...]

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Bokomo buys 51% Tongaat Hulett Namibia stake for R220 million

Sugar producer Tongaat Hulett said on Tuesday that it had sold its 51 percent stake in Tongaat Hulett Namibia (THN) to Bokomo for R220 million to reduce its debt. The group said the board decided [...]

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Samasource raises $14.8m for global AI data biz driven from Africa

AI training data provider Samasource has raised a $14.8 million Series A funding round led by Ridge Ventures. The San Francisco-headquartered company delivers Fortune 100 companies with the [...]

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Equity Group Kenya buys 66.5% of BCDC Congo from George Forrest

Equity Group to pay Belgian businessman George Forrest $105 million for 625,354 shares of Banque Commerciale du Congo, including dividends declared after Jan. 1 this year, or a cum-dividend price [...]

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Taste Holdings Finds Buyer for Maxi’s, Fish & Chips Co

JSE-listed Taste Holdings has entered into an agreement to sell its Maxi’s and The Fish & Chips Co businesses to an undisclosed buyer. This is in line with its strategy to sell its food [...]

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